Realtor issue and legal advise

[Doribe]

Quote:

Originally Posted by retire to nature I know I definitely find another realtor for other houses. I was upset that I was giving her more advice what a realtor is supposed to, but she was acting she is doing so good. She told me to call FHA appraisal, I said no. It sounded like unappropriated and I was right. I need some clarification to repair, she told me to call the buyer agent. I got upset and said to her, that is her job to do.

She told you to call for an FHA appraisal. I understand that an FHA inspection must be passed for some loans. If you were allowing sales with FHA loans you would have to fix everything required for that type of loan.

You are right that the agent should have called the other agent. Sometimes people don't do what they are supposed to do.

If I were you I would move on with lessons learned. How did you decide on this agent? Did you research for the best agent or was she a relative? Did she have a good reputation in your community? How long and how many sales has she done?

I have sold with and without agents. If at all possible, I will avoid them in the future. I can pay to get my house on the MLS and on-line platforms. They don't bring much value to the table, compared to the cost.

[ivinsfan]

To recap, the buyer or lender on one home wanted a44-6K repair or replacement to the roof. Your RE agent found a company that did it promptly for 1K. You felt you shouldn't have needed to do anything. So 1K

Is this the major issue with the sale of 4 homes? Is there something else that cost you actual money out of pocket? Obviously your relationship with this RE agent is trashed, but I hope you would keep your expectations realistic for the next time. It seemed like there was a lot of miscommunication between the two of you, but that is not all on her, you bear some responsibility too.

After reading this frankly she probably thinks you are a difficult client. If there is more to the story I'm not understanding your comments.

[Doribe]

Quote:

Originally Posted by jfn111 Just a couple of points- All my investor sales are As-Is. We use this to stop future problems, like a leaking roof 6 months latter. We expect the Buyer to do an inspection and we will negotiate on repairs. A withhold from MLS is primarily used to delay the publishing of the house while final work is being done. If we want to run a coming soon campaign we need a signed contract and a withhold. As far as FHA goes that's were you and the agent should have had a discussion before hand if you want to take FHA offers. FHA can be a bit of a pain but you preclude a bunch of buyers if you don't look at those offers.

Why would you sign with a realtor and put a hold on the listing? Why wouldn't you just wait until you finished the work? What value do you find in a "coming soon" strategy?

[jfn111]

Quote:

Originally Posted by Doribe Why would you sign with a realtor and put a hold on the listing? Why wouldn't you just wait until you finished the work? What value do you find in a "coming soon" strategy?

Coming soon works well for neighborhood specific buyers. We can see when the house is coming on the market, the buyers can drive by and checkout the exterior and they may hold off on making an offer on a marginal house if one that checks more of the boxes is "coming soon".

[Doribe]

Quote:

Originally Posted by jfn111 Coming soon works well for neighborhood specific buyers. We can see when the house is coming on the market, the buyers can drive by and checkout the exterior and they may hold off on making an offer on a marginal house if one that checks more of the boxes is "coming soon".

That seems to be a better strategy for a low-inventory situation. I'll keep this in mind when I put my house on the market.

[retire to nature]

Hi All,

Thank you for the replies,

I need to clarify about the form. It was due to my probate. I signed the form with temporary period to hold the properties because it was even before the inventory part was not done for the probate.

Anyway, she did good some part, but for the last minute, she showed me some disappointing manner, so I got upset. Also, with covid, FHA loan appraisal haven't visited the house, they were just copying and pasting the inspection report for their work, so I thought it was inappropriate but it was covid19 time too.

Anyway, I am happy for free of troubling houses and will move on. I ended up with my agent with possibility of working again later, so everything is good.

Thank you all for your replies again.