Sincerely, I do not think many of us would stay in the business if we didn't believe that our services provide value. So you're not going to hear a lot of, "Ah, don't use us, we're not worth it."
On the other hand, I might suggest taking a step back and re-evaluating your relationship with your agent, because while it's not our place to adjudicate whether he has been of value or not, you have stated that he has not provided value and I think most of us would agree that the entire point of using an agent is that they add value.
All the best,
I can relate to everything that you are saying. I tried to sell my home years ago through a listing service and I purchased a FSBO. Both experiences were not pleasant.
I am a mortgage loan officer and I know how to navigate through all the paperwork. I was selling my home years though a listing MLS service. I lowered my home price every 3-4 weeks. I gave up after 3 months and listed the home with one of my Realtor partners. I received 2 offers within 10 days of the new listing. I then learned that many Realtors would not select my home to preview because it was technically a FSBO. The Realtors did want to do both sides of the transaction paperwork for a 3% commission. They know that a FSBO transaction does not go smoothly because the Seller does not do the required things in a timely fashion as stated in the purchase contract.
I purchased a FSBO and that same thing occurred. The Seller did not do allow for the inspections, termite, repairs addendum in a timely fashion. They breached the contract many times. I have to have my Escrow Officer, appraiser, and termite inspector to "read them the riot act". I did not know if the seller was going to sell me the home until 5 days prior to the close of escrow.
Bottom line, your home will sell faster and easier with a professional Realtor representing you.
Let me know if I can help you and market your listing.
Fairway Independent Mortgage
Have you discussed your concerns with your agent? Having a consistent source of listings is a great benefit to an agent and I would think if they knew you had second thoughts about the arrangement it might be revised. You apparently know this agent and have had some level of satisfaction and success using them. There are options, but often you never know what you have until it's gone.
Talk to them about your concerns and that you are considering other options. Hopefully they will value your business and come to a new arrangement that will benefit you both.
This how my wife (business partner) and I conduct ourselves in business. We always try to go above and beyond. And my many years of providing professional advice to clients has always led me to choose an objective advisor over myself when dealing with my affairs.
With that said, make a list of your requirements, and more importantly desires, and find the right match. Also, try doing one or two on your own and see if it works out better.
Best of luck,
There are lots of people who cannot buy a home the conventional way due to foreclosure, short-sale, bankruptcy, or other poor credit. This can allow you to sell at a solid fair market price and have cash flow. It also allows the buyer to purchase a home they otherwise couldn't and lock in at today's low prices.
You have to set these deals up properly, but it's well worth it and you're already very knowledgeable. Feel free to contact me via e-mail firstname.lastname@example.org or call me at 480-888-6190. I'm always happy to network with other investors.
If this is something you will be continuing why not get the knowledge that a license would offer you.
I am going to agree with Dawn. You sound like a dream client for both a great realtor and a great loan originator). Dawn cites the fact you have and will be a repeat client; I look at the fact you have been doing deals with this "agent" for three years and you can still feel like you do--"I don't mean by anyway to criticize my agent"--do you have any idea how little it takes for most people to do what you refuse to do, both toward their agents and their originators?!?
And I am going to agree with Mack. Both of these industries have had more than their share of detractors, many of them justified in their feelings. But, I sure know I have stayed at it for 12 1/2 years because I think I am adding a good deal of value and peace of mind to those who ask me to help them through the largest financial transaction of their personal lives. Otherwise, I surely would have escaped during the past 4 years of hell.
My answer is to talk to some of the people on this forum. Find-- (I was going to say "the one", but there are many more than that)--find one who feels right. As to finding a great loan originator, well, just call me... :) :)
To those of you in Arizona, isn't this weather just great!?! I was hiking in the McDowell Mountains (Scottsdale) this morning--beautiful. 7 more months to go!!
Do you think it might be in your best interest to get a license to sell real estate and do this yourself?
Or do you feel it is better to have the Broker for liability and transaction management purposes.
If your agent is making his job look easy, perhaps he/she is doing a good job. I don't think you are better of as a FSBO but you might look into getting your own license.
Best of luck to you,
Without knowing your agent, from the sounds of it you need to find another agent who rather than simply take orders, is proactive and doing the initial work to locate and bring homes that make sense to your attention. If they don't know how to evaluate properties for you it's simply another sign you need to find the right agent.
Now as to listing it in with a limited service agency to get it into MLS as opposed to giving it to your agent.
You could do this, I don't know how appointments get made in your area, in our area their done through a centralized showing service, so once it's in MLS they handle the appointment end, otherwise you'd have to handle phone calls and appointment setting.
A good agent should be spending money on a listing. They should be having a professional shoot pictures for MLS and online advertising, I would suggest that they should also buy a home warranty to help sell your home as they help give confidence to a buyer.
I spend about $1500 a month on online sites like Trulia, Zillow, Realtor.com and others to maintain premium positioning, and to give my listing increased exposure over other listing in the same search, I doubt this is something you would want to do, again if all your agent does is put up a sign and put it into MLS (which automatically lists it for free in Realtor.com) then again I think you need to look around for a more aggressive agent. Online marketing is critical, print advertising is for the most part worthless, it's main purpose to satisfy Sellers. 90% of all buyers start on the web. A good agent know this and has invested in it. A quick check is to simply Google your agent's name if you don't get all sorts of links to them then their not really working the Internet.
The biggest con to not using an agent is that some agents don't like dealing directly with sellers even when the commission is offered, they perceive it as more work. Finally you've got to handle all the negotiations and follow up which can take some time and experience, you certainly can learn these skills, you just need to decide if you want to assume these responsibilities.
It sounds to me as if you don't really have an issue with Realtors, but are questioning whether your agent is doing all that they should be. From what you've written I'd have to say it doesn't sound as if they are.
Good Luck in your future ventures.
Selling as a FSBO one would need to rely on a sign, media advertising, Craigs List, flyers, internet...... to reach the Realtors and the public.
After your first two/three sales your costs should be covered for school and licensing. Afterwards you can keep the commissions for yourself.
I was not planning to make a career in real estate when I got my real estate license 16 years ago. I just wanted to buy investment properties, and like you, I felt I knew more than most of the agents I met. I have since bought and sold several investment properties, but I have also become a full time real estate agent in the process.
I suggest you consider getting a real estate license. It's rather expensive and time consuming to get the license and keep it active, but if you are buying and selling more than two houses a year, it will definitely pay off for you.
Wildcat Realty & Property Management
You are a dream client - buying and selling multiple properties - and should be treated as such. How sad that your agent doesn't recognize this! You should definitely start interviewing other Brokers/Realtors (like me). :-)
I know many people who have paid a fee to advertise their home on the MLS and they just can't get the same exposure they would through a good agent. Those 'for fee' companies are doing more to promote their own services than to promote your home and many, many times owners who use these companies STILL end up listing with a realtor. Look, we are professionals and we know how to do the job right. Plus, there are so many things that need to be done AFTER you get an offer, negotiations, home inspections, coordinating the closing and such.
If I were you I would interview a few other agents and see if there isn't something missing from your current agent's marketing plan. The tip off for me is that your agent didn't help you find the deals. I don't get that. It is super easy with my MLS to set up an auto email for properties that meet my buyers' criteria. If your agent doesn't at least do THAT for you, well...my advice stands.
Best of luck.
Regarding finding the homes, agents should be previewing homes for you. Of course everyone has different personalities and an agent should try and work with the personality type of the client. Some of my clients want me to preview and pretty much hand-pick the house for them, which I am more than happy to do and I've spent hours and hours previewing homes for clients. Others want to have more control of the situation and want to find the home on their own, have me show it to them, and then have me take care of the paperwork.
It's not black and white, so I hope my answers help!
Have a great day!