Skip to main content

Should I ‘fire’ my realtor?

We are looking to sell and buy new construction. We wanted to sell via Redfin and were sent an agent, he seemed good but we only planned on using him to sell the house. Once I read up a lot about new construction I found it was better to be represented. I contacted him and told him we had found a community and gave him all the info I had. I had done quite a bit of research and had also reached out to the builder for additional info (central line where I didn’t give them my info, just inquired). I told him the main areas I needed help with were negotiating the lot premium and upgrades.

He made one trip out to talk to the property manager and another trip out with us to tour a home that was near completion in the neighborhood.

After that meeting, we haven’t heard anything from him, no follow up at all. I also mentioned during that meeting if he thought we could get anything off the price and his response wasn’t “we can try” it was just “I don’t think so” which just didn’t sit well with me. I know it is hard to negotiate with new builds but I feel like he’s trying more to convince us not to negotiate price with the builder than he is trying to bring the builder down or negotiate more upgrades for us. His reasoning is “they’re selling”.

Should I cut ties? If so, what’s the best way to do it? Also, will it look bad to the builder if we change representation or just decide to not have any?

submitted by /u/StockholmRome
[link] [comments]

source https://www.reddit.com/r/RealEstate/comments/cx0g63/should_i_fire_my_realtor/

Comments

Popular posts from this blog

Aren't comps/CMAs useless with buyer credits at close happening now?

I'm looking into buying a new construction townhouse in my HCOL US city. I'm seeing builders offering interest rate buydowns worth $20k-$60k on $800k homes (rather than just lowering prices) in order to keep their comps high for their other units, now that buyer demand has been declining. I asked my agent about these, and he said these buydowns aren't even the full story: buyers can write all kinds of other credits into an offer, like their closing costs, prepaid sewer fees, etc. Apparently cash buyers can just write in a "buyer credit at close" for any amount in their offer. So a new townhouse that appeared to sell for $800k in the MLS might have actually been a cash offer with a $100k+ buyer credit at close, meaning the buyer only spent $700k or less in total, but to the rest of the world they can only see the $800k! So that made me realize I can't trust comps/CMAs for other new construction townhouses. The sales prices could be way lower than they appear...

Obtaining a real estate license as a hobby?

Hello, I am 24 years old - 2 years out of college and I have my main job. I was looking to get a real estate license (in California if location matters) as a hobby/for fun since I like real estate ever since I was in high school. In the past 2 years, I would go to open house in the weekends to look at homes for fun. I don’t plan to practice real estate full time as I have my main job but I am curious are there any benefits to this? In the future, I plan to own multiple properties and have rentals, so I was wondering if getting a real estate license can help me with it? Thanks submitted by /u/AlohVera [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1f0qx9i/obtaining_a_real_estate_license_as_a_hobby/

Advice? Moved out of my primary residence and now renting

I moved out of the house I own in August 2021, I lived there for 8 years, I have been renting an apartment the past 3 years and renting out my house. My current tenant is moving out in September. I seem to have just missed the living 2 years out of 5 years rule for being exempt from capital gains tax and my house being a primary home. Any advice on what the best thing to do would be moving forward? Continue to rent out my house? I'm happy with my rental, but wouldn't mind buying another property down the road. I could sell my house down the road and try to do a 1031 exchange? Moving back in my house isn't ideal because it's an hour away from where I currently live. I could take a HELOC perhaps and try to buy another property and continue renting for the long term? I do have a 2.4% mortgage rate on the house so I don't mind keeping it for a while. Thanks for everyone's advice. submitted by /u/Ok-Top-7859 [link] [comments] source https://www.reddit.co...