Fred Poehlman

"The Results Team"
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Fred Poehlman,  in Oakland County
  • 35 Answers
  • 5 First Answers
  • 9 Useful Answers
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About Me
A full time Realtor serving Oakland and Genesee Counties in Michigan. The Head of the Results team, we can provide Residential or Commercial solutions from first time buyers to investors. Lakefront to vacant land. Put the Results team to work for you.
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Fred Poehlman's Questions (0)
Fred Poehlman's Answers (35)

How reluctantly do listing agents show homes?

Fred Poehlman answered:
My opinion is that it is the duty of the listing agent to show their listings to potential buyers, plain and simple. You have a duty to your client (seller) to sell their house, and as long as you make the buyer aware of your agency relationship it is ethical. I would help a buyer purchase my listing and help them sell their house at a lower rate to make both deals happen. Our company even has a "Buy this house, we'll buy yours" program in this area to help do just that. We need to be creative and flexible in this market to get things rolling again. - Fri Aug 8 2008, 15:44
First the bad news. The listing agent is bound by ethics to bring only Ready, Willing and Able buyers to the listed house. You are not yet Ready, so you shouldn't be allowed in. That sounds rigid, but it is our duty to the seller.
The good news. You should be able to find an agent to work as your buyer's agent that would be willing to set up an email search for you that automatically emails you information on houses as they hit the market. Don't go on a showing until your are ready to buy, but this will allow you to track the market when you are.

If you don't want a buyer's agent, and you are not ready to buy, why would any agent want to spend their time and gas with you? Agents get paid commission, do you work for free at your job?
Good Luck,
Fred - Mon Jul 7 2008, 09:03
Fred Poehlman answered:
The $1,000.00 should appear as a credit on your settlement statement. Your agent should be able to help you find where it is. I work with an in house lender and they are great. It lets your agent have better communications with the lender. She also does a great job with low closing costs, so the fact your agent and lender work at the same office should not be a major concern. Contact your agent, she should be able to help.
If the agent and mortgage person do not return your calls or you do not like what they say, contact a lawyer on this one, too late for an outside Realtor to get involved. Many things could have happened, but it is better to check it out ASAP. - Fri Jul 4 2008, 13:28
Fred Poehlman answered:
You can go to the web site below and check for any complaints.
Your research should have included the fact that a Realtor could have worked for you as a buyer's agent and it would not cost you anything, but the agent is paid out of the seller's commission. Your question, hopefully shows others why that is important.
Hope this isn’t too late, sorry I didn’t see your post until today.

https://www2.dleg.state.mi.us/colaLicVerify/ - Fri Jul 4 2008, 13:15
Fred Poehlman answered:
Sam, to answer your last question, just ask for it. You can visit my web site to check for simialr houses and what they are priced at for comparision. You don't have to register to search the MLS, go to "Property Search", then select the third option "Search for a property in your area". That might show you why you are not getting any showings.
Good Luck,
Fred - Thu Jul 3 2008, 08:11
Hi Sam,
I am dissapointed that 3 Realtors answered your question without even asking if you are still under contract with a Realtor. Good job Missy, your answer was both correct and highly ethical. Hope to be able to do business with you in the future. Sam, when you are not under contract with the agent who has/had your house listed, then interview agents to get several opinions about the best solution for your situation.
Good Luck,
Fred - Wed Jul 2 2008, 12:12

How long does it take to close on an REO property?

Fred Poehlman answered:
Chris,
Your real estate agent should be helping you through this process, maybe they could get help from their broker. There is a clause in most addendums that specifically address your issues. Normally the addendum says the seller does not have to clear the title liens, they can cancel the deal and return your earnest money deposit. Most will try to clear the lien, which brings you to the condition of property clause. Find what the contract/addendums say about this and that will guide you and your agent along the process.
It would be wise to get help from a real estate attorney at this point, too.
Good Luck, and I am sure you will get a positive resolution to this. Welcome to Wateford.
Fred - Wed Jul 2 2008, 12:27
My Listings
11260 Haller St, Livonia, MI 48150 11260 Haller…
$99,900
3 br  1 ba  
760 Crescent Lake Rd, Waterford, MI 48327 760 Crescent…
$139,900
3 br  1½ ba Listing Web Site
2932 Edgefield Drive, Waterford, MI 48328 2932 Edgefi…
$139,900
4 br  2.0 ba Listing Web Site
3381 Cutler Drive, Waterford, MI 48329 3381 Cutler…
$179,900
3 br  2.0 ba Listing Web Site
152 Garland Way, Waterford, MI 48327 152 Garland…
$219,900
4 br  2½ ba Listing Web Site
, MI 48327 , MI 48327
$49,900
    
View all 10 listings
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