Question removed

Vwforyou
Home Buyer
Franklin, TN

This question was removed by its author.

Answers (21)
Best answer: Brenda Newman
First to answer: Brenda Newman
Deborah Madey -...
Agent
Rumson, NJ

Vwforyou,

In a few distinct areas of the country, seller agent presence is common protocol. This is the exception, not the rule. In the rare geographic areas where seller agents often accompany showing appointments, buyers accept this as part of the local custom. In most areas, however, buyers are accustomed to being able to tour with their agent and most of these buyers do not welcome the seller agent.

Sure, I can find documented exceptions where a seller agent was welcome by a buyer, or was helpful. The odds, however, clearly point to a high chance of a negative result. My position is based upon collective comments of buyers, sellers, and agents. If it were more productive to sell properties with sellers agents present, that would get my vote. I know most buyers dislike it, hurry through their showings, and complain. I know that when the attempt at coordination of schedules between 2 agents and the buyer and the seller fails, the seller loses a showing. I know that if a competing property is easy to get into, that competing property will get the appointment.

I can find a story to support a great end result of a seller agent offering input that was helpful to a buyer. But, I can find 25 more instances where the result was negative. Which one gets my vote? The route that has the higher probability of getting more exposure for my seller, and highest price and best terms for a contract.

Lockboxes exist to facilitate more showings. I support electronic tracking lockboxes, but am cautious about combo locks. Properties without lockboxes, or those which are more difficult to schedule showings get less traffic.

There are exceptions to every rule......and when we have a listing that has extensive unusual features, we will suggest that a representative from the seller side be present. We have represented clients on properties priced less than 200K and more than 5M.

I have attended second showing appointments with buyer agents and their buyers, at my suggestion or theirs. I have also taken the buyer agent alone before a showing (1st or 2nd) to show them features of a property that I have listed. I have requested a seller agent meet us at a property when a buyer has extensive questions or deep interest. As a seller agent, I have taken another agent’s client to see a listing of mine when the buyer agent could not attend. As a matter of fact, I did that yesterday. After the showing, I phoned the buyer agent and confirmed her buyers had toured. None of my suggestions are predicated upon my unwillingness to show my listings. Nor are my comments based upon a lack of expectation of support from the seller side when I have the buyer.

I guide my clients based upon what will bring the best results for them. You can certainly hire the sellers agent who will abide by your terms. Chances are high that your "maverick" method will discourage showings, and thereby reduce your potential buyer pool. When you reduce your buyer pool, you reduce your chances for highest price and best terms on a contract for the sale of your property.

Deborah Madey - Broker
Peninsula Realty Group - New Jersey

Mon May 12 2008, 09:10
J R
Agent
New York, NY

Love the responses, everyone seems to be on one side of the fence or another. Thanks for your passion and for the most part professionalism. My initial query was born out of an honest question. I have since come to the conclusion that a more proactive listing agent that does a much better job of actively assisting buyers and their accompanying agents is a good thing, when done appropriately and with the utmost sensitivity and professionalism. If a particular listing agent simply doesn't have the intelligence or the needed skills set to work in such a fashion then they need to stick with the current status quo; listing agent lists the property and the buyer's agent assists the buyer to buy the property.

I've been pretty specific as to the conduct expected should a listing agent choose to operate in what would appear to be a "maverick" style of doing business considering the industry standard.
~~~~~~~~~~~~~~~~~~~~~~~~~
VW, you have done what many sellers do: listened to the one agent who told you what you wanted to hear, not the truth. It is not a "maverick" style of doing business to hang around at all showings. It is bad practice. I'm sure you read MY answer, where I explained that my customer bought a million dollar house his first day out and did not see one house I chose because the listing agent couldn't be there ALL WEEKEND and suggested he come back and see it NEXT weekend. Too late! If we all worked with one single seller and no buyers it would be possible to do as you like, but it isn't possible. As it is, there is no reason to stand there like a you know what on a bull and watch a group of people walk around trying to be polite and appear as if they liked the house.

Just FYI, the same couple who bought the house their first time out that I just spoke about.....the first house we saw, we not only got the listing agent, but the co listing agent. They both led my buyers around the house, opened every door, and pointed out everything in the house. My buyers spent a half hour in there answering questions and chatting witht the listing agent, who proceeded to tell them about his other listings that they might like (which I a;ready knew did not fit their needs). Afterwards we left, they flat out said they did not like the house, it was too big and there was no privacy. Did we really need to waste everyone's time in there. I told the listing agent, who is in my office, that in the future he is to NEVER be present when I show his listings and if he is he is not to speak to the people I am showing the house to.

Mon May 12 2008, 05:36
Chris Freeman
Agent
Grand Rapids, MI

VW,

I was looking over this question again (after the Realtors were dissed for good answers) and I realize that we just had a situation like this locally, and here is what happened:

Realtor X was pushing the sale of their listing to Realtor Y and her client. Realtor X continued this hard push to sell even when Realtor Y was not present. This was deemed to be a violation by Realtor X who will now be fined $1500 for this violation.

When you overstep your bounds, the fines really suck!

Web Reference: http://www.OwnGR.com
Sun May 11 2008, 10:11
Jay Lynn
Other/Just Looking
New York, NY

You can choose an agent who will do things the way you tell them, or you can listen to experience. Sometimes having all the answers yourself proves what you do not know. You have just proven that. You have 15 poeple tell you why it is better for your agent to be absent, and you compliment the yes woman who strokes you. Does this mean that you will also list with the agent who agrees with you on the price and advertising plan that you already know to be right?

Sat May 10 2008, 10:53
Tom Mcgiveron
Agent
West Islip, NY

Hmm. Okay - if a listing agent gets an owner an offer - regardless of how they get it - and the seller accepts - the buyer and seller then go into contract and at closing - the seller gets paid and SELLS THEIR HOUSE. I am struggling to find the rationale for your question. When this occurs - the listing agent sold your home. As far as a listing agent showing up for every appointment - IF the agent who is bringing a buyer works on behalf of the seller - then there is no need for the listing agent to be present. IF the agent who brings the buyer works on behalf of the buyer - then by all means - the listing agent should be present at that showing.
And when you say the agent should be around to "specifically...sell the property" - I am having a hard time understanding this. Real Estate Agents have a bad wrap because they're called "Sales Associates" or something of this nature. That is inaccurate. I don't consider myself a "salesman" per se - I am a consultant - a professional. I provide my clients with current and comprehensive information so that they can make an educated decision about - how to price their home or what type of offer to make - or how to counter offer - or what c/o's are needed on a property - or where to get information - or for referrals to top professionals in the field, etc.
Part of being a Real Estate Agent is managing time, people, and properties, marketing - hence...a business. If you're a homeowner and you are a plumber for a living - you don't know anything about real estate per se - you're not a "salesman" of real estate - vise versa I'm not a plumber - I'm a Real Estate Agent - I "sell" real estate so if I go to fix my toilet - I'm going to call a plumber. Period.
Real Estate Agents do so many things (good ones anyway) BEHIND THE SCENES that people don't pay attention to. Getting people from offer to closing is a process in and of itself. That's when SELLING really occurs.
With cars - a salesman can say - "oh look at the leather interior" and that may actually have an impact on the person looking at it. With houses - a "salesman" can say - "oh look at the gorgeous molding" - that's NOT going to make the person looking say - "gee I should buy this 250,000 dollar home" - With real estate - it's about complete information and expertise about the market, the town, the street, the neighbors, taxes, exemptions, c/o's, title, appriasals, attorney's and much much more.
Hope this helps.

Fri May 9 2008, 16:53
J R
Agent
New York, NY

One buyers agent had taken their prospects to 50 houses in a single day!
~~~~~~~~~~~~~~~
Some buyers agents are weak. This buyers agent must have some time management capabilities. I don't know how it could be conceivably possible to see 50 homes in one day.

Fri May 9 2008, 14:07
Chris Freeman
Agent
Grand Rapids, MI

VW,

I never use brochures! They are a complete waste of time.

Fri May 9 2008, 14:04
J R
Agent
New York, NY

Don't understand the question. I have sold many houses. Listing agents don't always sell the house they list, but I have sold some of mine. My marketing is the reason the buyer agent contacts me. It is the listing agent's job to get feedback, it is part of marketing a house. As for selling on site....I'm not sure if you expect a hard sell in the home. It has been my experience that when a buyer sees a house and walks in, they know pretty much right then an there is the house is a possibility. No amount of pointing out benefits of this particular house, such as the tilt out windows or the brand new stove, is going to "make" them buy. Negotiations, as you point out, are also part of the lissting agent's job. As for being onsite....when I show a home, I would like the listing agent to not be there. Buyer's are freer with their questions and criticism when they aren't. Questions are also a wonderful way to touch base again with a buyer. All questions to not need to be answered at the house, and some listing agents tend to go on with unnecessary information, when really the buyer just wants to leave, holding up the appointments for rest of the day. As for listing agents being present at showings...I recently had a brand new buyer come out for the first time. We had selected 6 houses. For one house, the listing agent told me she had to be present at all showings, and that weekend was out of the question, she could not be present. My buyer came out and bought a house that day, his first day looking. This listing agent cost the seller a possible sale. This was a motivated buyer. It is not necessary for listing agents to be present.

Fri May 9 2008, 14:02
Rk Ruthman
Broker
Connecticut

I got to admit that this is an excellent question.

With a smile, I have to ask, "what Buyer wants to be SOLD a house?"

If you want to alienate a potential home buyer... "sell" "sell" "sell"....

I have yet to utter the line, "What's it gonna take to get you in this house today?" and slap the clapboard siding.

I will admit that you are right, some agents are nothing more than a "glorified brochure builders" . But there are others that are "fact finders", presenting interesting information that could make a difference in the Buyer's home buying choice, and price offered.

I am sure many Sellers do not even know that they can ask an agent to be there for all showings. And I bet you there are just as many agents who will have a multitude of answers why they should not be there when a co-operating broker shows their listings.

I have represented Sellers to the fullest capacity. I was there at every showing ready with my facts, and other information I gathered to impress Buyers to respectfully consider the property.

I introduced myself, recited the highlights of the property, and then depending on how the Buyer's Agent wanted to proceed, I either waited patiently for them to finish their tour, or gave them all the grand tour myself...

...I usually took my cue from the Buyer's Agent. My goal is to sell the house, that means I want the buyers comfortable, not rushed, and not feel ganged up on by "real estate agents".

Only if necessary, and always respectfully, I pointed out things the Buyer's Agent might not have touched on, because there is a fine line between discussing the positives of a property (without stepping on the other agent's toes), and being too friendly. You don't want to come across as if you are "bonding" with the other agent's buyers.

...Little known fact, agents are possessive of their buyers,and their Sellers...

...You want to avoid any incident similar to "sticking two Tom Cats in a burlap sack."

Bottom line:

If a Seller feels more confident that the job will get done faster to their satisfaction with his/her real estate professional there, then that should be discussed at the listing presentation before the contract is signed.


RK Ruthman
Ruthman Real Estate
CT & NY Licensee
(203) 400-5355

Web Reference: http://www.RuthmanRE.com
Fri May 9 2008, 13:45
Deborah Madey -...
Agent
Rumson, NJ

Yes, I do have strong feelings about listing agents being present for showings. I do believe there are exceptions. When there is a property that has an elaborate security system, is extremely large, or has many unique features, it can be helpful to have the listing agent present for an initial showing.

Listing agents do not always know the neighborhood; sometimes they do. Actually, buyer agents who work an area frequently have a strong handle on the details of a neighborhood. Listing agents will know the details of a property better than a buyer agent.

In the hundreds upon hundreds of homes I have shown, I can state that in the strong majority, very strong majority of experiences with a seller present or a seller’s agent present, the results of the showing suffered. When a buyer determines an interest level, a second showing of longer duration with a sellers agent can be very beneficial.

Buyers do not want to be sold a house, they want their buyer agent to help them make a decision about which property is best for them. The sellers agent does not know the buyers needs. Most buyers become uncomfortable about opening closets, exchanging dialog with their agent, and become annoyed if and when a seller agent starts telling them details about the property which are of no interest to them. A few buyers don’t mind; most do. Within the group of a few buyers that do not mind, sometimes I do. I mind when my buyer shares data that transfers negotiating leverage to the other side. I don’t like when my buyers shoot themselves in the foot. BTW, if I preview a home and a seller offers me info, knowing that I represent the buyer and not them, it can be advantageous the negotiations on behalf of my buyer.

Your comments about not having more info when you were a buyer are indicative of a weak point in the buyer agent. While touring a home, a good buyer agent will call attention to features of the home that a buyer has identified as a positive or negative. A good buyer agent will have gained an understanding of the buyer needs and discuss how various properties meet or fail to meet those needs. Some buyer tours take 3 minutes because a buyer already knows the house fails his/her needs and simply wants to leave. Other buyer tours can take 45 minutes. Either becomes uncomfortable with a seller agent. A quick exodus feels rude. A long stay feels burdensome.

If a pushy sellers agent follows buyers around nudging them about why they should buy this home today, chances are much greater that the result will be negative than positive.

My approach does support the buyer needs, because sales happen by meeting buyer and customer needs. As a home seller, you are trying to reach to buyer agents and buyers. Your best success as a seller comes from a consumer centric approach; meeting buyer expectations. A good lisitng agent will makret to attract the most buyers who might be interested in your property. Hire a lisitng agent for marketing understanding.

A new listing hit the market today, and in the agent notes, it reads: “Sorry, I have to come, too. Call me.”

Fri May 9 2008, 11:19
Terry Lasky
Agent
48823

Hello Home Buyer. It sounds to me like you could use a dynamic buyers agent working for you. A buyers agent will be your advocate and help you not only through the transactional details of buying a home, but also help identify what it is you are looking for within a community (1) and then what you are looking for within a home(2). There are many places to find a good agent, first I would say is by referral of someone who has had a great experience with their agent. If you don't know anyone in the area, then going to open houses might be a good way to get a feel for who is out there and can help you.

I generally don't attend the showings on my listings, only becuase it seems to make most buyers more uncomfortable. However, I do have packets at the house about the neighborhood and community, I also have disclosures and utility information. I do volunteer to help the other agent with any needs they may have, but it's a tight line to walk between being proactive and not pushy.

I show my listings quite regularly because of my responsiveness and genuine interest in the people calling/emailing about my homes. Because of this I sell about 20% of my homes.

I don't know if that helps, but please feel free to continue dialogue with me. This should be an exciting process for you and if it's not, let's try to make it that way. I hope your search process improves.

Best regards.

Web Reference: http://www.joe724.com
Fri May 9 2008, 10:45
Cheryl Jacino
Agent
Dublin, OH

In Ohio, we have agreements to share the home information with all agents in our local MLS and in doing this we increase the chances for the home to be sold astronomically. In Columbus Ohio there are over 1 million people and it would be impossible for me to know every person looking for the home I am trying to sell. By sharing the information with other agents in our local MLS I am more likely to sell your home.

In the end, no one can make a person buy a home, my brochures are there to answer questions, my advertisements on the internet are there to sell the homes features, I can follow up promoting the home to the buyers agent, but in the end, the buyer makes the decision to purchase.

Web Reference: http://DublinHomes.Us
Thu May 8 2008, 20:57
Richard White
Both Buyer and Seller
38135

It is easy to forget the old days of real estate before the MLS Book and now the Computer. Years ago the only way to sell a home was to create a meeting of the minds the old fashion way: list the house and go out and find a buyer. As a listing agent, is sell the seller, Price, Conditions, Staging, improvement and repairs, and a veriaty of other services. My goal is to represent the seller in every area of selling their home. As you know we have acknowledgable buyers that also want representation that is fair and ethical.

How do I know that I have done a good job selling a home? A buyer does not have to worry if the home is over prices, if the home is in good repair, if all the paper work is in order, if there any latent problems that has not been discussed. If I what the home sold as soon as possible, I sell it at the listing table. I ask the seller, "What would you be willing to pay for your home today?" Any answer above the current market, means the seller just bought their own home and it will set on the market for months.

The listing agent sells the sellers, The buyers agent sells the buyers, "What a business"

Thu May 8 2008, 20:37
Ron Tardif
Agent
20155

Folks,

Representing buyers or sellers we spend a lot of money training on continued education required by law as well as new trends in real estate. We need to be ready to represent our clients in any situation whether it be with a seller, seller's agent, a bank or a Forsale by Owner.

There are still places (New England) where the seller's agent shows the listing to the potential buyer and their agent. It is odd because everyone is so careful about what they say.

As a buyer and seller agent I market seller's homes and I sell homes to buyers.

Someone mentioned the level of work involved in real estate and I couldn't agree more. What a surprise but I wouldn't give it up.

Thu May 8 2008, 18:41
Vwforyou
Home Buyer
Franklin, TN

Thanks so much for the input. The response regarding the varying workloads of a quality agent has been noted. While you all were informative Brenda hit the nail on the head and helped confirm what I thought. I suppose the selling is actually up to the many buyer's agents that have come through to tell the truth. It has been frustrating hearing the feedback from my listing agent regarding how many houses the buyer's agent actually took the buyer through that day or how the buyer's agents either haven't done a decent needs/wants evaluation or gained any control of the buyer (to use "sales" speak). One buyers agent had taken their prospects to 50 houses in a single day! Hopefully the tighter this market gets the more "part time" realtors/agents move on to a different career and leave the home "marketing" and "selling" to those who want to be experts in the RE field. As far as marketing our property; we are on realtor.com, in a couple of magazines, on the MLS. We are the lowest priced for the square footage, have shown the best based on feedback, but so far no offers due to out development not having any community amenties, level backyard, etc... it is always in the top 2 or 3 but no offers yet. We even dropped the price trying to be a bit more agressive (after already being priced well compared to similar properties in the area. I realize the market has a good amount of inventory and buyers are taking their time and we need to be a little patient. Just thought I'd vent a bit.

Thu May 8 2008, 16:47
Deborah Madey -...
Agent
Rumson, NJ

I represent both buyers and sellers.

As a buyers agent…..I do not want the sellers agent there. Sellers or sellers agents hinder, not help the process. Their presence leads to tension and quicker exodus on the part of the buyer. If my buyer has a few questions that I am unable to answer, I secure that data from the listing agent. If my buyer has many questions, we might request that the sellers agent meet us there for a second visit. There may a rare exception, but overall, no, I don’t want the seller or sellers agent there for showings. It hurts, not helps, the likelihood of an offer being written. As a buyers agent, if I have 9 potential properties to show, and only time to show 7, and scheduling with one is difficult…..read “must coordinate with sellers agent to meet you there”…..chances are that one might not get shown….unless it is perfect! If the other competitive properties meet the buyers criteria equally or better, yours might get left out. If your property is a perfect match, we will jump through hoops, over bridges, and swim rivers to show it. If it is a moderate substitute for other properties, you can get left behind.

As a sellers agent……..I do not want to do anything that would discourage more showings. I don’t want my seller to lose a showing because coordinating the schedules of multiple people hindered the appointment. I also know that the buyer agent does not want me there. Before I became a Realtor, I seriously underestimated the amount of time, effort, energy and knowledge it took to do this job. I held progressively responsible jobs at Fortune 100 companies in sales, marketing and management. I humbly had to eat crow once I became a Realtor, because there really is that much that goes on behind the scenes when a top notch listing agent is marketing a property. Sometimes, I hear public comments made that speak to a misconception of the challenges in this profession. It can momentarily be disconcerting to me when I hear these comments. I have to remind myself that I, too, once held a lot of misconceptions.

Not all listing agents are created equal. There are a few, unfortunately, who throw a few poor quality pictures in MLS and write copy in 15 minutes and call it done. There are many who extend substantial efforts in delivering a multi-tiered comprehensive marketing campaign that draws upon a varied skill set. Hopefully, you have that type of agent working for you!

Thu May 8 2008, 15:59
Jan Mars
Agent
38017

Hello, that is a wonderful question! It is a question that I also asked when I was just beginning in the real estate field. I imagined being this really great agent and showing up at each showing that my listings had and really "selling it". I did not understand the competitiveness of this business. A buyer's agent does not want me there while they are showing their clients property. In hindsight, I don't want to be there either. There are legal and ethical issues that come into play if their client contacts me at a later date about the property. It is better to keep the two parties separate.
Here's what you are not thinking about....I don't have to be there to "sell" your property. I "sell" my listings in the descriptions I write under the pictures online. I might place "signs" around the house to point out features that may be overlooked (laundry chute, large pantry, etc). I create a website for the property and leave flyers out with the address on it so that the buyers can "revisit" the listing later. I also "sell" my listings by doing a lot of research to make sure that they are asking the right price for the property. I also preview other listings that a potential buyer might look at to make sure that my seller has their property in the best condition compared to the other homes.
These are just a few examples of how a listing agent really does "sell" your home even if they are not there when a buyer is looking. Before becoming an agent I just thought you made a flyer, put it in MLS and sat back and waited to make some money :-) Boy was I wrong! A good listing agent has a lot of work to do to sell a listing!
I hope this helped you think about a realtor's service in a different way. Good luck to you!
Jan Mars

Web Reference: http://thego2girls.com
Thu May 8 2008, 15:37
Margaret Rodge...
Broker
Knoxville, TN

The list agent represents the seller heshe has the interest of the seller the buyers agent represents the buyer and should have the best interest of that buyer , Buyers agents should explain this when they get the representation agreement signed before they let the buyer in their car or show any home to the buyer ,this is why the buyer should use a buyers agent Anything said like I do not know for sure I can get the loan or I really like this house this is the one I want can hurt you when you are negotiating an offer ,The seller will expect His or her agent to repeat what was said by the buyer . Buyers agents can not tell them anything the buyer does not want them to say. Buyers agents get paid to ask and answer Buyers questions and to show the home ,write the offer etc. As to marketing a home Realtors spend about 1 to 2 % of the sales price on marketing and is paid nothing if the home does not sell all money is out of that agents pocket The list agent does not get to keep all the money either it is split with the list agents broker buyers agent and their broker. Realtor.com is not a free site it is a costly site based on how many listings that agent had last year ,Real Estate magazines are about $250 -$400 per page per month newspaper ads are about $200 per month open house ads are $125.00 per ad lock boxes are $99.00 each .
I hope this helps .

Thu May 8 2008, 15:17
Amy Jo Bruener
Agent
Naples, FL

Dear home Buyer,
Most of the time Buyer Agents don't want the listing agent at the showing, they don't want the listing agent "steeling their thunder". Generally the buyers agent has a relationship with the buyer and don't need interference. Remember they are working for you, they know you and what you are looking for, they don't need anyone re-directing you. Sometimes its difficult to keep buyers focused. Believe me if the listing broker is doing their job, they are working and not just glorified brochure builders. It takes a lot of work to get buyer brokers in the door. Listing agents have limited inventory/buyer agents have the world at their finger tips. Listing agents do their job if the property is sold, they may even bring the buyer themselves. Don't under estimate what the listing agent is doing, its not that easy to obtain, retain and sell listings.

Thu May 8 2008, 14:38
Michelle Lugenb...
Agent
Ashville, OH

The listing agent is actually getting paid to market the property so that it is able to sell. Without the proper marketing, the public will not know your home is for sale. There is a lot of time and money involved in marketing a home. I actually sell a large portion of my own listings, but you are correct that the most common situation involves two realtors. The listing agents portion of the commission also is to compensate your agent for negotiating with the buyers agent to ensure you get the most for your home.

Thu May 8 2008, 14:21
Brenda Newman
Agent
Franklin, TN
BEST ANSWER

Homeowners hire a real estate agent/broker/company to MARKET their home. It is a myth in the general public that a listing agent's job is to SELL the home. In very few instances does the listing agent actually bring a buyer who ultimately purchases the home they have listed. That is why a listing agent's main priority is to market the home in such a way that it attracts the attention of as many buyers and buyers' agents as possible; therefore, bringing qualified buyers to the property.

As a listing agent, I spend a LOT of money and effort marketing my listings, attracting as much traffic and attention from potential buyers and other realtors as possible. After all, I represent my seller and their best interest. It would be a conflict to represent a buyer in the purchase of one of my listings. On the other hand, if an unrepresented buyer calls me on one of my listings and ends up wanting to purchase the home, then I can certainly present their offer to my sellers. BUT, that unrepresented buyer will receive no advice or negotiating power from me. I'm dedicated to my seller and obligated to him to provide advice and negotiating skills that are in his best interest.

The marketing efforts of listings agents are what bring the buyers...represented or not. Putting a sign in the yard and listing on MLS used to do the trick...but not in this market. We have to work extra hard to target market our listings.

Listings agents are hired to MARKET...not SELL...homes.

Thu May 8 2008, 14:20

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