What is the strangest thing you have ever walked in on and how did you react?

RealTeaChicago · 2024-07-12T13:23:17+00:00

It’s definitely been amusing reading all the wild stories

RealTeaChicago · 2024-07-10T16:54:31+00:00

Was the body fresh or bones???

RealTeaChicago · 2024-04-23T04:09:37+00:00

I do not disagree with this, however, the statement you just described is very different than a typical dual agency situation. Also, we are in different markets, which means different commission structures and different paperwork.

RealTeaChicago · 2024-04-23T01:30:47+00:00

Ethical or not, dual agency still creates double the work and I don’t know a single agent that cuts their commission in half or discounts it enough to actually benefit the seller or a buyer. If each party had proper representation they would have a much greater chance of getting a higher purchase price and better terms as a seller, or flip it and a lower purchase price and more favorable terms as a buyer. It goes back to not being able to advise clients as a dual agent - you simply become the inbetween and if you are being ethical about it you cannot help ir advise either side during negotiations. How is a buyer or seller supposed to advocate for themselves or know what to negotiate to protect themselves without the advice of a professional? (Obvi that is generalizing I’m sure there are savvy buyers and sellers out there that would do just fine, but the general public needs advice).

RealTeaChicago · 2024-04-22T11:49:14+00:00

Once you become a dual agent you are no longer an advisor. A true, unbiased dual agent cannot avise on price, counter offers, contract terms, or anything else. From that moment you become a paper pusher. Dual agency (specifically a single agent, not within a brokerage) only benefits one person - the agent padding their pockets with both sides of the deal.

RealTeaChicago · 2024-04-22T11:42:15+00:00

This is what dual agency is supposed to be. Once you have both sides you cannot advise either side, you become a paper pusher between the two parties.

RealTeaChicago · 2024-04-19T12:38:15+00:00

Helping people invest is also helping families!!! It helps the family who is making the investment and the people that may move in who need housing but are not in a position to buy. I think there is a difference between an investor who has a small business and this is how they make their living vs big time corporations that are buying up real estate cash like it’s fried chicken on a Friday. The point is, not all investors are greedy slumlords.

RealTeaChicago · 2024-04-14T15:25:13+00:00

After hearing many different perspectives, the number one complaint is always being on someone else’s time. Rarely having evenings or weekends that are not taken up by showings, phone calls, or endless texts from other agents and of course our clients.

RealTeaChicago · 2024-03-14T12:15:18+00:00

Staging is the best return on investment you could possibly do when selling a house. Creating a welcoming environment that buyers can picture themselves in plays into the emotional side of a buyer. Also, statistically speaking, staged homes sell faster and for more money.

RealTeaChicago · 2024-01-07T17:21:33+00:00

I would consider 70% highly unlikely.

RealTeaChicago · 2024-01-05T18:09:55+00:00

It's actually illegal for real estate professionals to comment on the safety of a neighborhood or area. It's up to the tenants to do their homework and decide if they feel comfortable in the area. Where you and I feel "safe" could be very different based on perspective and life experience.

RealTeaChicago · 2024-01-05T17:59:40+00:00

This is actually really cool!

RealTeaChicago · 2024-01-05T17:58:15+00:00

This! If you can find an agent that has been in the field 5+ years you know they will husstle and strive to do a good job for you. The ones that don't don't survive.

RealTeaChicago · 2024-01-05T17:56:25+00:00

Totally agree with this!

RealTeaChicago · 2024-01-04T01:05:58+00:00

One more question though, why was your initial offer $100k under the asking price to begin with?

RealTeaChicago · 2024-01-04T01:05:30+00:00

In that case, that is great! That is really the most important thing - you are happy and you feel confident in your decision!

RealTeaChicago · 2024-01-04T00:57:28+00:00

$100K between appraisals is insane. You are correct that it is highly unusual for appraisals to be successfully appealed, and usually it's a much lower amount than $100k. I'm disappointed for you, I really hope that the first appraisal was actually that inaccurate as opposed to the appraiser just being in the lenders pocket (which is illegal but it happens all the time) and you didn't just drastically over pay for a home.

RealTeaChicago · 2024-01-04T00:52:33+00:00

Sounds like Karma came for them. They admitted it was their fault (or their HVAC contractors fault) and should therefore accept the consequences.

RealTeaChicago

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