This indecision's bugging me....
August 8, 2009 7:58 PM Subscribe
I've got some doubts about our current SoCal real estate agent. At first, there didn't seem to be a problem. But recent events have made me wonder if we're wasting his time.
posted by anonymous to Home & Garden (15 answers total) 3 users marked this as a favorite
His typical clientele is in the $600K+ range in Pasadena, but my hubby and I max out at $300k and are looking in Granada Hills, with some fairly stringent square footage requirements. At first it didn't seem to be a problem, but a few things have stood out to me and made me believe he thinks we're wasting his time.
1. He always advises us to offer at asking price or above. This seems like poor negotiation to me, but is that what we have to do in this market? Certainly it makes it easier for him if negotiations are shorter.
2. He tends to disregard our requirements. We've been out to see properties in the wrong neighborhoods, properties that have been stripped of all their copper, and other very distressed or very wrong homes. I feel like he's being dismissive of our concerns. Is he being insensitive, or just a little forgetful of our needs?
3. He keeps bringing up a 203k loan, which is some sort of double-loan thing, one for the property and one for repairs. My husband and I are only interested in 30-year fixed rate loans. Is his tendency to hype certain loan programs a bad sign?
We brought our concerns to him last week. He basically said, "Look, I sell houses that are much more expensive than this all the time. What reason would I have to lie or push you? You can take my advice or not, and in the end I'll do what you want. But I feel like I'm acting in your best interest when I tell you these things." These statements don't sit right with me because his actions don't seem to coincide with his words.
Other than these specific concerns, we work well together, but should we continue? Are we being unreasonable with our requirements? More information available from firstname.lastname@example.org. I know you're not my agent.