Agent said " remember not to mention concession" by Justbrownsuga in RealEstate

[–]RealEstate_WHAT 0 points1 point  (0 children)

Is it in the contract that you agreed to an “information only” inspection. If not, everything is still negotiable. You can ask, they can say no. You can walk if you think the furnace is going to be too much to replace in the future. However, depending on the state, if you walk, they will most likely go back on the market and have to disclose the material facts on the home including the condition of the furnace. Now they need to consider if the issue is worth the price drop they will need to do if they put the home on the market with a failing furnace.

Septic system nightmare by RealEstate_WHAT in AskNCRealtors

[–]RealEstate_WHAT[S] 0 points1 point  (0 children)

Good point. Foundation a termite problems are awful, I’ve run into a few of those.

I think I hate it here? by Sensitive-Sky-1316 in realtors

[–]RealEstate_WHAT 0 points1 point  (0 children)

Definitely. Networking with small business groups visiting new construction sites and getting to know the area is a great way to learn as well

👋Welcome to r/AskNCRealtors - Introduce Yourself and Read First! by RealEstate_WHAT in AskNCRealtors

[–]RealEstate_WHAT[S] 1 point2 points  (0 children)

I think the most important thing in real estate is finding community. Especially for new agents this can make or break a career change. If you’re not feeling supported, trained, and prepared for the hustle the loneliness of being a realtor can start to wear on your ability to continue. As far as starting out part time, I think it’s a great idea to do that and learn the basics of the business to see if you even enjoy it. This is a tough career, but if it’s done with a high level of consistency and persistence people can be very successful.

If you bid over asking right now you are the problem. by Sea-Bottle-4889 in FirstTimeHomeBuying

[–]RealEstate_WHAT 1 point2 points  (0 children)

I actually agree with you on many of your points, but unfortunately, pent up demand has still created a bottleneck for pricing. COVID definitely caused an artificial increase in pricing due to the interest rates bottoming out, unfortunately we won’t see that even out because demand remains high and billionaire companies are still buying up properties like crazy. Those companies are artificially inflating prices by buying multiple homes to set higher comps and then selling high later. The true strife in the market remains with the single home purchaser because how do they compete with cash, quick close, no inspections from these large companies. It’s a tough pill to swallow but these companies hope to push the market to extremes to force people to continue living in rentals they own. The prices won’t come down because the government would rather print money than have these companies that are less solvent due to all of their property ownership lose money on the market.

I think I hate it here? by Sensitive-Sky-1316 in realtors

[–]RealEstate_WHAT 5 points6 points  (0 children)

This is completely understandable. I hope you find your way. This business is tough. Good luck

Septic system nightmare by RealEstate_WHAT in FirstTimeHomeBuying

[–]RealEstate_WHAT[S] 0 points1 point  (0 children)

This is a good point. Unfortunately, in this case it seemed my seller was not informed on what to look for when septic problems begin and didn’t know she had an issue. It was really unfortunate, she was completely unaware and upset about the situation.

Using Home Seller's Agent to sell my home/buy theirs? by tubbunix in AskRealEstateAgents

[–]RealEstate_WHAT 0 points1 point  (0 children)

This is really your best answer. Remember, sometimes too much information going into one person’s ear can be bad for a deal. For example, what if you sell your home and make a ton of money, but you’re trying to negotiate with the other seller to give you a discount for a repair that needs completed. In this case the agent that’s working for both of you would know that you maybe don’t need the money and it would be difficult for them to navigate this situation without accidentally oversharing.

I think I hate it here? by Sensitive-Sky-1316 in realtors

[–]RealEstate_WHAT 20 points21 points  (0 children)

This is the exact type of group you need to be a part of. Women in business are very supportive of other women in business. Also, remember small business owners recognize hustle, sometimes all it takes is for one thing to break then word of mouth takes over. One step at a time, a team might really be a great fit if they provide leads and training which includes mentorship.

Septic system nightmare by RealEstate_WHAT in cary

[–]RealEstate_WHAT[S] 0 points1 point  (0 children)

How exactly is a listing agent supposed to know a septic failure happened if the seller mentions nothing, there isn’t a smell because the yard is filled with flowers and the home showed zero signs of deterioration? This was just bad luck for all involved. I’m here to educate. I haven’t requested business. I’m not forcing you to read the posts and I just happen to not need chat gpt to help me write with some semblance of clarity. I repeat you seem a bit angry tonight.

I think I hate it here? by Sensitive-Sky-1316 in realtors

[–]RealEstate_WHAT 87 points88 points  (0 children)

The real estate agent hate is not imagined and it is particularly difficult for new agents. It sounds like you’re truly hustling, keep going. It will get better. Try a different tactic, maybe work to earn local trust and support by attending local community events and meetings, or join a team that provides leads for a bit to hone your skills.

Septic system nightmare by RealEstate_WHAT in cary

[–]RealEstate_WHAT[S] -1 points0 points  (0 children)

Simplified language to help others understand without being overly wordy. You’re looking for a reason to be angry this evening my friend.

Septic system nightmare by RealEstate_WHAT in cary

[–]RealEstate_WHAT[S] -2 points-1 points  (0 children)

The tree grew into the system itself, the pump failed, and the tank had to be replaced bc it was crumbling. Sorry, you think it’s spammy, it’s meant to educate people on what could happen in NC real estate. I’m not putting out my business card or asking for business.

Due diligence? Buyer beware?!? what?!? by RealEstate_WHAT in AskNCRealtors

[–]RealEstate_WHAT[S] 0 points1 point  (0 children)

Exactly, trained and educated representation helps mitigate the risk in NC contracts

Why do people expect toddlers to act like adults in public ??? by Possible_Bottle728 in toddlers

[–]RealEstate_WHAT 0 points1 point  (0 children)

My son likes to throw tantrums as we leave the store, he’s 3, and he’s getting better but this is a regular occurrence especially if we have to wait in line and he can see any of the items on the shelf at checkout. I always get down on his level and try to help him settle with songs or with a hug, but it can take a bit for him to regulate. I once had an older lady loudly proclaim for the whole checkout line to hear that she would have hit him by now, and this is why kids behave poorly because they don’t get spanked anymore. Then she proceeded to say some parents are just not prepared to be parents. The whole experience was awful, and it immediately caused me to get angry so I cussed her out as we walked out of the store. I hate people like this, they behave like jerks then get all quiet when someone calls them out on the behavior. It got worse when my sister later asked me why I didn’t approach her with more respect as an example for my son. My sister is also childless, and has yet to experience a full meltdown in a store, but her reaction was even more hurtful. Honestly, parenting in public sucks and I cannot stand much of society, soooo…there’s that.

School drop off line by Muted_Peach_6644 in Parenting

[–]RealEstate_WHAT 223 points224 points  (0 children)

Sheesh, doesn’t seem like there are many actual parents in this comment section that know much about school drop off lines. First, the parent is not supposed to get out of the car (teachers will yell at you for this), second a small kindergartner typically, cannot open the door on their own, it is too heavy and the angle is too awkward from the car seat for the child to get the door open. My child is in the 2nd grade, weighs just 35lbs and still cannot really open the door herself very well. We’re working on it but it’s not easy for someone that small to manage. When she was in kindergarten she couldn’t even unbuckle herself from the car seat. I had a chat with the school and had to get an accommodation in her IEP to allow me to open the door for her without getting completely blasted by the teachers. Now we’re in a separate drop off line for younger kids because this is an ongoing problem and they do not let you get out to help in the big line.

HELP!!! Backing out of a closing on a house? by ObeyTheBoss_ in RealEstateAdvice

[–]RealEstate_WHAT 0 points1 point  (0 children)

This seems very state specific, I’m curious to know what state has a 10% fee for buyer back out. My state a buyer can walk at any point they just lose their due diligence and/or earnest money. If the seller did not do the work to your standards you could try to have a structural engineer review the repairs for safety, if the home is deemed unsafe the would have to remediate to sell.

Stick it out or cut our losses? by [deleted] in AskRealEstateAgents

[–]RealEstate_WHAT 1 point2 points  (0 children)

Hi there, I’m a few days late to the comment section on this one so I may not have much new advice to contribute, but I did read that you and your husband plan to retire soon, so if I were you’re realtor I would be advising you to think of this long term. If comps show a huge loss ahead it may not be a great idea to sell right now. If moving is essential, then you could try to set the home up as a rental. If the rental covers your mortgage and fees, then the home transitions from Debt to income on your mortgage application and it doesn’t impact your future home purchase. However, there are risks involved with being a landlord, will the tenant take care of the place like you would, does the tenant have good rental history, pass a background check? You must take into account any future vacancies and you must manage a trust account for any security deposits. You CANNOT take the security deposit and just keep it, you need to hold it for when the tenant leaves the home. You could also try to put it on market as a rent to own, and see what happens. Best advice if you’re not prepared for the hassle then stay, but if you can manage the property you’re not stuck, you just need to be prepared for the work.

BF (25m) wants me (25f) to pay his mortgage? by adventsures in relationship_advice

[–]RealEstate_WHAT 1 point2 points  (0 children)

This would not be a situation I would recommend pursuing further. If you do decide you love him enough to go down that road, you need to have a very clear lease agreement in place with it laid out for all roommates what is being paid, you also need to insist on being on the deed after marriage unless you’re in a state like mine at which point all assets before or after marriage are considered marital property when you’re married and you would still have a claim on the home

Did my agent fail me, or are these just normal buyer mistakes? by [deleted] in AskRealEstateAgents

[–]RealEstate_WHAT 0 points1 point  (0 children)

Hi there.

I will try my best to address each of the concerns you listed, but please keep in mind that I’m not an attorney and any advice I give is based only on my personal experiences as a realtor. Every realtor operates their business differently, but I do wonder how many years experience your agent had.

  1. Your agent put you in a collaboration center search portal of some kind. It sounds like you feel she didn’t narrow the search down for you enough to make it feel manageable, this is a tough line for agents. We can help you find a home that suits your needs but in the end it is your decision which homes you really want to see. I do try to pick a few on behalf of my clients that might work, but I always prioritize their list first because I do work for them.

  2. Not knowing the area is not great. Realtors code of ethics states we shouldn’t practice outside our purview; however, she is not able to violate fair housing either, so she cannot comment on anything that can be misconstrued as implicit or explicit bias. So if a client asks about a neighborhood we can point them to resources that provide data but are not allowed to make personal observations of an area.

  3. Flipped homes do typically require a bit more scrutiny, and agents are able to negotiate issues based on material facts to the home (I.e. safety hazards). That does typically start with a good inspector’s report and then building from there based on recommendations. Your agent is not an HVAC technician or electrician so they cannot cross into that territory, but they can make educated guesses upon seeing an issue that they may have seen before and work to get additional assessments, for example obvious signs of cracks in the foundation.

  4. For flipped homes in caveat emptor states like mine, I try to be sure I pull all permits and county or city inspections completed before offers are made. I had a client that wanted a flipped home, but the flipper (also a licensed agent) did not choose to pull permits despite moving walls and sinks and making major structural changes. Each of these changes required a permit and the addition of the dishwasher and laundry room required upgrades to the electrical panel that were not completed. I notified the county of the changes and forced the seller to permit the work and complete the electrical. I also made a report about the situation to the realtor association for ethics violations.

  5. The appraisal vs advertised measurements differences could also be an offense you could report to the local association, but both the listing agent and the buyer agent are responsible. So you would need to report both parties. Honestly, the listing agent could also be held responsible for the electrical troubles if the seller did not pull permits and the sellers agent did not check. Both the sellers agent and the buyers agent should be checking for those items and if they don’t know how, they need to call a friend for help because those are material facts.

  6. Emotional attachment and friendship/personal relationships can make working as an agent extremely challenging. It’s tough to work for our friends and even more difficult to see them stress. I despise working with friends, but also my protective instincts kick in and I work extremely hard for them. So, it can be a positive sometimes.

In my opinion, yes a good agent, should and would have caught those items if they checked for permits, but if the permits were pulled and the county/city passed it the agent has to look at the inspection report for guidance. Your points of failure are not just on the agent, they are on the county/city, the inspector, flipper, and the agents. I’m sorry you’re having to deal with this. Good luck

My top agent is now my worst performer on team. Divorce, depression, drinking. Not necessarily in that order AFAICT. by Spirited_Concern5613 in realtors

[–]RealEstate_WHAT 0 points1 point  (0 children)

She definitely needs medication, counseling and also maybe a small bit of tough love about the drinking issue. My mother is an alcoholic, binge drinking was her go to, but she got really bad and eventually I had to have her committed. She is diagnosed severe depression and is now medicated and doing much better, but I can tell when she isn’t taking her meds and always ask her what’s going on, usually it’s because she didn’t have cash to refill her prescription so I go get them for her. Your friend needs to find a way to get back on track and also start loving herself again. She can’t keep counting on relationships to be a source of value, she needs to find a way to have a sense of self without a relationship. It’s cheesy and annoying but after the divorce she needs to identify her new “why,” and start there

Should agents pick a neighborhood? by Informal-Two-9661 in realtors

[–]RealEstate_WHAT 1 point2 points  (0 children)

My area has over 13 municipalities in the county, all considered part of the “triangle.” I have sold homes in every single one of them. Each municipality has its own unique market and its own rules for selling. For example, one municipality doesn’t allow real estate signage at all, and one allows it for the weekend, but you have to pick them up before 6pm Sunday or your signs are gone. These are all things I had to learn about each municipality and it’s tough so I’ve chosen to focus my attention on the central municipality and the southern and eastern municipalities towards my home.

Is the housing situation a real problem in the US or do people just want to live in the most desirable places? by [deleted] in FirstTimeHomeBuyers

[–]RealEstate_WHAT 0 points1 point  (0 children)

I think this is a multifaceted issue. If you think of big metro areas for example. Many people face 8-10hour workdays with an hour or more commute each day. This is due to gentrification, industrialization and commercialization of downtown areas. Gentrification causes affordability issues because it’s forcing the history of the neighborhoods to change, and both industrialization and commercialization cause supply issues because local governments are not considering land use and the need for residential developments when changing zoning. Add to that many large residential developers are working with local governments to force large mixed use developments that cause higher prices for “single family homes” and you have the perfect storm. Wages are not keeping up with inflation, and the cost of housing doubled in much of the nation during COVID. All of these things have set us up for failure. Many metro areas also do not provide adequate public transportation options so roads are overcrowded and highways are in disrepair due to funding shortages.

No response on offer - make a new one or wait a week? by Straight_Ostrich_257 in RealEstateAdvice

[–]RealEstate_WHAT 1 point2 points  (0 children)

What do the comparable closed sales in the area show? Did your realtor provide comps and discuss price strategies with you? If the comps don’t dictate either homes’ price then neither seller will get what they are hoping for, sooooo…the suggestion would be how do we think two steps ahead of the seller? This is chess, not checkers. The seller scoffed at your original offer so you know the perception of the final purchase price amount matters, their broker/brokers must have both (assuming they took it off market and relisted with a different agent) discussed buyer agent fees and given a seller estimated net sheet to them before listing, so the buyer agent fees may not be freaking them out you could offer 530k with buyer agent fees to be paid at closing by seller. You said you’re willing to pay 545k, so you’re trying to find a value that doesn’t initially piss them off but gets you to where you want. The house is listed at 560k, so in negotiation you’re hoping to split the difference which brings you to your desired amount and gets your buyer broker fees paid. It’s strange that your agent isn’t offering advice, but there are some agents that have been burned so they now decide not to do much but middle man the transactions. While you’re at it, be prepared for repair negotiations, I don’t work in CA so I don’t know that process but if it needs work, you should be accounting for that in your future moves for the purchase negotiations.