Good grief, I walked to the agency to fill out my Purchase and Sales because my car was in the shop. I would have been happy with a ride and a cup of coffee, but I never even got that from the agent I used.
A ride in a car is reasonable to expect... a ride in a plane... no.
And then after you get home, call a different Realtor and do it all over again! It is a genis plan!! You would never have to work again!! Sign me up
You might recognize this question with a little bit of a twist from one that was recently asked. The person from Orlando posted exactly:
"If im from out of state and im looking to buy a home, should my realtor pay for my plane ticket?"
I'm wondering out loud what happens when you change the question a little and you look at it from the side of an agent. After all, we're people, too, right? Good, I thought so. Our expenses for the business we do are very high. We're constantly being nickeled and dimed to death, inundated with schemes, offers, fees and more, not to mention the black hole of large advertising expenses most of us have.
So I'm trying to figure how we got to the point we're at now where Mr. John Q. Public has become so oblivious as to what we do for a living. I don't know if the question was just asked for shock value or the person actually believes an agent should 'pick up' the flight expense. I think it just goes to show you the place we've reached in certain people's minds and how comfortable certain people feel putting their hands in our pockets. Personally, I have zero tolerance for this kind of behavior. I work too hard to rebate.
Could you imagine us asking for expense money for spending time with buyers/sellers? "Uhm....Mr. Jones, do you have a $20 bill for me to fill up gas?" .....or "Ahm a feelin' a little hungry, can we stop somewhere so you can buy me lunch? How about a latte at Starbucks?"
Scott Miller, Realty Associates, Boca Raton, FL
I took the time to research the things you asked me about, knowing that I was doing so for free, and that you were going to buy directly from the investor.
You said that you could only offer $35,000., and that you were going to ask the seler to pay all of your closing costs too. As another agent mentioned, the most an investor would be willing to pay a buyers agent would be a 3% commission ($1,050). By the time an agent pays their brokerage spilt, other fees, taxes, etc. they will most likely walk away with less than $500. In the case of the home we discussed, the seller hadn't listed the home with an agent, and wasn't willing to pay ANY commission.
Real Estate agents are only paid when we sell a home. All the time (and money) spent working with a client is in hopes that you will agree to work with that 1 agent (loyalty).
No agent has acccess to homes for sale that another 1 does not. In this business, our "product" is the service we give our clients. You only need 1 agent.
As you continue to "shop around" for homes (and agents, apparently) you can see why no one would agree to pay for your plane fare to Orlando.
You're making a significant investment, and its good to be cautious and make sure all your questions are answered thoroughly, however you also have to be realistic.
Good luck with your home search.
Yeah, as if.
How about, if I'm from out of town and I'm looking to go to a Yankee game, should Alex Rodriguez put me up in his condo?
I suspect that you will get what you deserve. Karma is a funny thing.....
If you like the answer - please consider making it a "Best Answer" !
Licensed in Maryland, Virginia and Washington, D.C.
Assisting Homebuyer's and Seller's for 28 years
You should rethink your questions prior to posting.
If you were a hard working Realtor, would you pay for an out of town client to fly into to town to hopefully purchase a property? If the client did not buy a house from you on the first trip, would you pay for any subsequent trips?
My answer is an emphatic "NO".
I noticed many of you saying EVERYTHING IS NEGOTIABLE. Keep saying it. Tell everyone that. With going too close to anti trust law, if you keep throwing that bait out to buyers and sellers, they will bite it and take food from your families mouth. Are we a profession and worth what we do? Do you need to hang bait all over yourself or can you command respect on your own? Now dont get me wrong---Im 1000% consumer and used to operate a mortgage company called Consumer Discount Mortgage. We were busy as all getout while times were good. I went out at an extreme discount and blew the doors off my competition BUT profit was small per deal. We had to do many to make a normal living. People in the industry called me a RATE HO. What was the result? A lot of happy customers but my shop is now closed. I couldnt put enough profit away to make it through the PERFECT STORM that hit the mortgage world, and I also had some health problems. You must look to the future and prepare for things outside your control.
Over the last 30 years Ive given presents and done things for my real estate clients. I did them AFTER everything was said and done. I didnt hang bait out to get them to use me. I didnt sit down with them and say "My Name is Marvin and I'll work for 1% if you will please, please use me!'
So you guys act like you are desperate and start giving the ship away before it sails. Tell everyone EVERYTHING IS NEGOTIABLE every chance you get. Buyers and sellers reading all this have to appreciate that we must make a living just like they do. They should be hiring our work based on our ability. This isnt brain surgery but its NOT SIMPLE or there would be no need for agents at all.
You can pile on me now if you wish.
I have developed a pretty good jerk-o-meter detector and can tell if someone is the kind of client, buyer or seller that I want to deal with.
Kassandra Romine, REALTOR
ERA Kennedy Group
Seneca, SC 29678
Aren't you the same person who was $5,000 short on a short sale? Here's an idea, take the bus down.
I don't mind, see below:
I will gladly pay for an out of state buyer to come to Phoenix, AZ in the dead of winter or for Spring Training season and offer to pick them up from the airport. Also, I'll drive them around town showing them the different sites and the dozen homes they chose to see. Additionally, I have an extra room for them to use, I'll make breakfast and bring them drinks by the pool. All of this after they sign my exclusive buyer's agent agreement with a non-refundable retainer fee of $3,000, but they can only stay for one week. I have to make room for the next buyer!!
Isn't life grand living in the desert!?!
Have a great day!
Your decision to buy a home out of state or out of the country for that matter is your decision, getting to where your going is your expense. If the expense of getting there is more than you are comfortable with then you need to reconsider your decision to buy a home there.
All kidding aside, I see ads in my area from one developer that offers this all the time. The catch is, you get reimbursed after you buy an overpriced home that starts at $900K.
Next time I get the ad in my email, I'll be sure to pass it on.
How about a train ticket?
I would pay, your Air Plane Ticked any time after we have an established relationship.
That means we would have a binding contract, that you are using my proffessional services to buy a property through me and my broker. I would do this any time and every day. This is a great idea.
Ryan Gussman , Realtor
You might want to hire an agent, get your mortgage squared away, write the Purchase Agreement on a property you like, get in your car and drive to what ever state you are looking in..... by the time you get there you will be in the inspection period. If you don't agree with the inspection, don't purchase the house. If you don't buy the house get in your can drive back home. You might even stop in another state along the way. :)
Just thinking out of the box. :)
If you have a relocation package from your company, they will likely give you an allowance and so many days to look for a place to live. And if you do decide to buy a home, then they may even shoulder the expenses related to the purchase.
If you do find a home, maybe your realtor will give you a suitable welcome home present, like a home warranty, or a certificate for dinner to acquaint you with local restaurants, or even a gift certificate to the local Home Depot.
Now....if you're buying a multi-million dollar home....your realtor may be more than happy to reimburse you for your plane ticket AFTER you close escrow with him/her.
Should you finally get to contract and settlement - expect the college tuition for your child to be paid in full.
Silly, Silly, Silly......