a good outline of problems some buyers create for themselves., But also, the
demands of the "Market Environment " and time "lower priced homes " require
to address "problematics" are challenges for any of us.
These homes "move " rapidly,sell much closer to "asking priice", and have more
"issues" to be resolved to close. Finance,Title,Appraisal, and Code Compliace
require more imput by the Realtor involved. Many agents may be unwilling to
invest or just not "set-up" to address the added demands.
The provision of services to Owner's and Buyers in the " Lower Priced Market "
is a Specialty! Just at the other end of the spectrum from the more recognized practice
in selling " Exclusive and High End property!
All Realtors don't do everything and some are more specialized than others with a
"local focus". Best of Luck!
If you want a Realtors true attention let them know that you will be working exclusively with them. Also, be responsive, give feedback and help narrow down your neighborhood etc. It's very discouraging when I've spent hours on the computer researching properties, looking for a pool that faces south only or some other specific criteria, email them out to a buyer, get no response, leave a message only to get not only no feedback but no acknowledgement that they received anything, then, two weeks later they make a phone call because one of my personal listings has now interested them. This tells me they are either not serious or they are running with a pack of Realtors. So, point is, it needs to be a two way street.
Working with a buyer who is unresponsive is like trying to woo a date who is just not into you! : ) Ultimately, you need to find someone who is knowlegeable and you feel confident with and be honest in your answers. Keep in mind we all have the same inventory through our MLS system. The difference is in the experience and expertise of the Realtor you're working with.
You may want to look at what messages you're sending to the Realtor. Do you return phone calls, answer questions openly and give feedback? Do you disappear for several weeks at a time? Have you taken the time to get pre-qualified? Also, are you realistic? There is much competition for lower priced properties right now. Our company does a lot of foreclosure listings and they are gone within two weeks generally with multiple offers. Are you low-balling your price when you put an offer in? Yes, I know some Realtors can't be found with a search warrant and if you tell them you're under $100k they disappear but you'll run into someone who will take you serious and give you the time you need to make the right decision for yourself. There are some wonderful agents in Boynton Beach. You're welcome to view my website and contact me if you choose to, Boynton Beach is my main market area. Best of luck to you!
But in answer to your question, it's probably because the payoff is so very low, and that makes the hourly rate, for all the work involved, probably in the $1.00 - $2.00 range. They can do better using the phrase "would you like fries with that", and get benefits.
My feeling is that clients should keep looking until they find an agent that they're excited about working with, and who is equally excited about working with you!
good luck with your purchase
You were working with the wrong agents. You need to work with an experienced local broker who can guide you along the way and provide you information and assistance through each step of the process. I closed sales from $14,000 to $1,200,000 and had fun doing it in every price range. Please let me know if I can help you further.
Florida Home Consulting, Inc
I am a realtor that does a lot of sales and listings in the Boynton Beach area. I work with buyers and sellers every day with properties under $100,000 and I do it for the referral business that I get from it. But to answer your question, it is because of the compensation. You have to do just as much work for a small sale that you have to do for a large one. I would be very happy to list your property or help you find a property in your price range. Please give me a call so we can discuss your needs further.
Coral shores Realty
As an agent here in Florida for the past 10 years, I have found that there are many questions I am unable to answer when it comes to some of my fellow realtors and their way of doing business. With that said, I like others that have posted here, do love what I do as a realtor, and I have closed transactions for $50k, and ranges much higher. A smart realtor will see the value of a customer and the relationship that can be developed, for the reality is, that a good portion of the work that we do can come from referrals. A client in a lower price range has friends, family and co-workers and if you provide them with the quality of service that they deserve, they will make sure to recommend your services to many others, that may be in much different price ranges.
If of course you see the hesitancy in an agent to work with you, run don't walk in the opposite direction just as quickly as you can, for you know that they will not provide you with the service that you need and deserve. Good luck in your purchase or sale.
RE/MAX Advance Realty
I can only speak for myself and I work with people who want to purchase in various price ranges. I have investors looking to purchase under $100,000 as well as families who want to do the same. It is the same amount of work as any other transaction, however, when you find the perfect property for a family, it's worth the extra effort just seeing their wonderful expressions. I would be honored to help you find that perfect home.
Galleria International Realty
Cell (954) 648-7334
Call me I can help you.
Keller Williams Realty
If you're not willing to take the risk, and you also cannot pay ALL CASH, you will have to pay close to full retail price because there are many people in your situation trying to capture a bargain.
Have you been working with several different Realtors? You may be better served staying loyal to one Realtor and she'll find the best deal and also give you a high level of service. If you're buying much under $100k, you may want to offer an extra incentive (from your pocket) so your Realtor will eventually be compensated a fair commission. You see, the Realtor may split her commission with her broker so lower priced transactions are not always worth the effort involved (especially if it's an investor attempting lowball offers).
I think some agents don't think there is enough commission for them to go out or list something under 100K. I have certain things that I ask seller's and buyer's to do when selling under 100K. We usually come to an agreement and everyone is happy.
I don't turn away business. I look for a positive solution for everyone!
If you have any further questions please contact me.
Lu Cohen, Broker/Associates
561 577 6730
I see value in every transaction for many reasons, mainly because I love what I do, love helping people, and know that referral business is a potential with each transaction.
I'm sorry you are having trouble finding an agent to help you, ask around and see if anyone can recommend an agent they may have used.