Tag

inexperienced agent

When the Home Seller Hires Their Brother-in-Law** . . . are they the Guinea Pig??

[Note to Readers: The views expressed here are solely those of Ross Kaplan, and do not represent Edina Realty, Berkshire Hathaway, or any other entity referenced.] As a Realtor, I know better than to challenge an acquaintance who, almost sheepishly, explains that they would’ve liked to hire me, but instead were obliged to use their...
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When the Realtor is the Client’s Brother-in-Law/High School Buddy/Spouse’s First Cousin’s Sister

Home Buyer/Seller as Guinea Pig As a Realtor, I know better than to challenge an acquaintance who, almost sheepishly, explains that they would’ve liked to hire me, but instead were obliged to use their [insert relationship here**]. Far be it from me to poison — perhaps for years — an extended family’s Thanksgiving or Christmas,...
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“Dear Buyer’s Agent: the Seller has Received an Offer. Highest & Best Due by 10 a.m. Sunday”

Highest & Best Due When?!? What’s the giveaway that the listing agent who sent the email above Saturday morning is likely a newbie — or, at least, not so experienced handling multiple offers? The 10 a.m. Sunday deadline. Given that the Edina home just debuted on the market Friday, that means Buyers (and their agents)...
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The Difference Between a Novice Buyer’s Agent and a Veteran

Different Focuses, Priorities What’s the difference between an inexperienced Buyer’s agent and a veteran? When the novice shows a home to clients, they study the home. When an experienced agent shows clients a home . . . they study their client. Of course, if the client likes the home, the agent forms an opinion about...
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Buyers’ Fear of “Missing Something Better”

How Rational? One of the most common concerns Buyers (especially first-time Buyers) have is, “what if I commit to buying this home, and then something ‘better’ comes on the market?” How reasonable is that fear? Put it this way:  if the Buyer has done their homework, i.e., learned the market and fine-tuned what they’re looking for,...
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Listing Agent Refrain: ‘Put it in Writing’

Permission to Lowball . . . Denied As a listing agent (representing Sellers), I sure seem to be parrying a lot more of what I’ll call “verbal probing” these days. The gist of all the questions being lobbed by Buyers’ agents:  “would the Seller consider an offer significantly below the current asking price?” Thrust — and...
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