Goodie716' s final resppnse:
"Thanks to everyone for the advice. I definitly took it. I set up a meeting with her and explained all my concerns and asked her to think them over and how she could address them. I asked her to get back to me and never heard from her. I guess I got an answer to that question. I talked to a few friends and got reccomendations on realtors and did a few meetings. I found a great realtor who specializes in first time home buyers and he is amazing. Night and day...a true breath of fresh air. I have spoken to him more in 2 weeks than I did with her in 6 months. I now feel comfortable to move forward in this process and might be making an offer on a place that he found without me doing anything!"
If you have a contract and you choose to abrogate it, another agent and their agency may end up not getting the commission, if it comes to arbitration and so may choose not to work with you. It would be best not to get between agencies in that manner.
If you have no signed contract and have no offer under negotiation, you can move on. There may be a bit of arm wrestling over who showed what to whom when but I bet you will find a good agent who can handle that complaint and give you the kind of service you deserve. That argument would not be yours to solve or even to get involved with.
Buyers need to know that it is okay to ask questions and be satisfied with the answers to those questions before they work with an agent AND/OR a loan officer!
Let us hear about your success!
The situation you are in can become sticky since the mortgage broker is her husband. If you have a problem with one or the other you could be in a very awkward situation.
In the event that you start using a new realtor and decide to purchase a home that you already saw with the old realtor, you may not have any issue depending on the time that has elapsed since your were originally shown the property. I had a client that purchased a home through me that he had seen with another realtor over six months ago, and the New Jersey Association of Realtors decided that was not a problem.
As a first time home buyer, you should work with someone that you are comfortable with, you don't want your first experience to be a negative one. Please feel free to email or call with any questions.
William F. Troy
Realtor Associate SRES, e-PRO, CDPE, Luxury Home Team
Veltri & Associates Realtors
1012 Cox Cro Rd.
Toms River, NJ 08755
Direct Dial (732)281-3067
Home Fax- (732)961-0089
"When only the very best will do!"
As a buyer, you can just "disappear" as so many do, by not returning her phone calls or email, or you can call her and tell her that you've changed your mind about purchasing at this time.
Here's the one catch for you: If you want to purchase any of the homes she has shown you, she legally should be paid. In real estate there is "procuring cause." Basically the agent who brings the buyer receives credit for the sale.
I have had buyers that I've worked with who just left their agent decide to buy a house that the other agent showed them. I usually work it out with the prior agent by giving them a referral. Not all agents do that because buyers are so hard to keep track of.
Keep in mind that you have until November 30th to close on a house this year to be eligible for the first time homebuyer discount, too!
You do not have to work with anyone you do not want to work with... Unless of course, you have a pending offer with that Realtor, then it gets sticky.
Although this has not happend to me, I have had clients come to me with the same situation and stating they just did not like their Realtor. It happens.
You can contat another Realtor and work with somone else. You should call or email your current Realtor and tell them that you are not comfortable with the service that they have provided and you are going to find another Realtor.
End of Story.
Broker / Manger
Orange Key Realty
There's an expression in the real estate world -- "Nobody owns the customer!" This is true!!! There are many realtors out there who would love to help you. Pick a competent agent that knows the area you're buying in. Discuss your "wants and needs" up front with the agent and be sure they have the time to help you.
Diane Turton, Realtors
Great Job! I am so happy to hear that we have a recommendation that works. Agents can be over whelming and I am so happy to hear you will have a positive first time home buying experience. I hope it shows others there are many fantastic Realtors!
Please be sure to show us pics of your new palace! ;)
good luck to you.
Since you never SIGNED a buyer's rep or contract w/ your agent and you do not have any current offers out there for properties that you are looking to purchase; then you should be free to search out a new relationship and keep the ball moving.
Just a quick heads up: If by chance you decide that perhaps a home you saw with your old agent is a home you really would like to go after now that you are with your new agent; there may be a sticky situation at hand called "procurring cause". Make sure your new agent is in complete understanding of this and explains all the risks that you could possibly inherit in that same kind of scenario.
Best of luck with your new agent and as a word to the wise.... HURRY.. the November 30th 2009 tax credit deadline is rapidly approaching!
Shame on anyone else that tried to take you as a customer when you were only asking an honest question. Ethics is the major part of our business. Good luck with your new Realtor.
In the commercial field of selling and buying properties you can find what is called as Real Estate Consultant or Service Provider.
Real Estate Consultants and Service Providers (RECSP) most times receive 1% to 2% of the sale price as their compensation when the deal is completed.
This will also be included in your finance paper work and some Real Estate Professionals including; Agents, Brokers and Loan Officers, â€œDo Not Like RECSPâ€™sâ€!
A RECSPâ€™s main goal is to make sure the needs of their clients are met. In your case as a First Time Home Buyer, depending on what kind of contract you have made with your Agent, you can in most cases find someone else or in a time binding agreement speak to this Agents boss. The best way is to do this verbally followed up by a written overview of what was said. This should be dated and emailed even if you send your correspondence through regular mail. Doing both would be my best advice.
If in the future you find that you continue to have difficulties with your RE Agent or Broker getting a Real Estate Consultant or Service Provider can be a very good move and take some of the stress out of your search for the right home.
Hawthorne Capital Corp.
Phone: (212) 231-0062 Ext. 5183
Cell: (347) 819-5682
It sounds like you have different styles and she is not adapting to your style. That happens sometimes. You might tell her that you don't think your relationship is a good fit. That should be enough of an explanation. Be very direct and tell her you will choose your own mortgage broker and will shop around for someone you feel comfortable with. Thank her politely for the time she has spent but tell you need to move on. If you are unhappy now, you will likely be unhappy all the way through the transaction, and that makes for a very contentious relationship. Make sure you feel comfortable with the next realtor you choose. Talk to several agents and choose one that you feel comfortable with.
Tell her you want to choose your own lender and you decision does not require an explanation. It is your right to do that.
Tell her the response time fram that you expect and ask her if that is possible for her to maintain. If she gets defensive, give her a choice. Either cancel your agreement to work with her, or get on the same team and work together. She will come to your side. Tell her you are capable of making your own decisions and not to push.
She will either embrace your honesty, or fight it. If she seems disagreeable, ask for a cancellation .
i can can understand your situation, many years ago i had the same experience and at that time i too was a first time homebuyer...as everyone else has mentioned you are not obligated to stay with your current realtor especially since you have not signed an exclusive buyers representative agreement..
i don't know if you want to give her one last chance, and explain your concerns, and see how she responds, or just let her know that you are not happy with the services provided and that you will be working with another realtor..now that you know what you don't want in a realtors performance, it will be easier for you to recognize the qualities and service you are looking for when you begin to research another realtor...
good luck to you,
When I first meet a potential client; to me it is like a job interview! I tell them what my commitment level will be, and actually tell them that until we leave the closing table - We Are Attached At The Hip! Tell me everything, don't hold anything back - What You Tell Me Goes No Further Unless You Want Me To Disclose!
I have clients that tell me that they talk with me more than they talk to their spouse! I believe in communication; just as I would want that if I were the client!
No one can dictate to you who your mortgage rep is!
Keep looking until you feel comfortable with whom you will be working! And get ready to do the the *Happy Dance* at the closing table & bring the tissues for the Happy Tears!
The open house is it her listing? If not then feel free to contact the listing agent directly. As a first timer, do some home work, 1- get pre-approved for a mortgage. 2- check out the local listing and find out what they are selling for not the list price. A good local agent can help. 3- find an attorney that is a real estate specializist. As a first time buyer you are the BOSS. Mike@murray4money.com
Most agents will offer several lending resources so buyers can select the one who is the best fit. If your agent is unwilling to provide other lender referrals, I would first ask your bank and also see if your friends have any recommendations. Donâ€™t be afraid to say â€œthank you for referring me to your husband, but I would feel more comfortable working with someone who ___.â€
I will tell you that sometimes being pushy could mean that the agent is acting in your best interest â€“ for example, if you are interested in a property that meets your needs and is the right price, your agent may suggest you jump on it because she knows it will sell quickly!
If you do decide you need to change agents, keep in mind that if you signed a buyer representation agreement you may have some obligation to compensate your original agent even after the agreement expires (in California we use the Buyer Representation Agreement and you would refer to Section 3).
As a first time home buyer, you really need someone who has the patience to explain the process, answer all of your questions and address your concerns. Never be afraid to ask for explanations â€“ we are here to serve YOU! I had one client actually apologize for reading through all of the documents he was signing (itâ€™s true that most people donâ€™t read through everything they sign), but you should definitely read through everything and you should be able to ask questions and get answers to anything you donâ€™t understand! Being in Real Estate is always exciting but can at times be extremely busy and stressful and communication and style are both very important.
Good luck and congratulations for being a first time buyer!
Fact is this, as with all things, you should received good service or be able to move on. Although I am encouraged to get the Exclusive Buyer's Agency Agreement signed at first meeting, I wait until I have earned the trust and confidence of my buyers. It then does what I believe it is meant to do, and that is reinforce the "gentleman's agreement" that we have established to work together. It should not be used to entrap someone in a relationship that is uncomfortable or unsatisfactory. What I ask for in return, is the same level of commitment and loyalty to the relationship in return.
Good luck to you!
"Unwavering Commitment to Service"
Search the MLS at http://www.feenick.com
Find yourself an agent, a mortgage rep and an attorney you feel comfortable with and buy that house!
Good luck toyou Goodie!
"Unwavering Commitment to Service"
Search the MLS at http://www.feenick.com
If you are not happy then feel free to switch to another agent. If you have any questions, please feel free to contact me. My information is 732 691-1668. I have been specializing in Tinton Falls/Ocean area.
Since you haven't signed anything with her you can switch realtors. All you have to do is find another agent and write up the offer. If you have any questions please feel free to contact me, I cover the area. I am very responsive and am almost always available to my clients. I would love to help you find the perfect first home.
Send them a Dear John/Jane email and move on. Note that you appreciate all the time and effort she has put into helping you find a home but a close friend/family member wants you to work with him/her or a good agent friend of theirs and you feel obligated. See nice, polite and see ya.
As long as you are not planning to put a contract on a house she has shown you, you do not have any obligation to her or her husband.
Go to your bank to get a pre-approval or call any direct lender, ask your friends and new agent for recommendations on who to get a pre-approval from.
Look on here or ActiveRain for another agent or just go to open houses in the area and strike up a conversation with agents at the house. You'll find one that you connect with, then ask more questions to make sure they have the experience, time and resolve you are looking for.
Whatever you do, move on. Don't get tied to someone you don't like or trust when you're dealing with such an important issue as this.
Good luck Goodie,
Bev and Bob