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First off: a welcome it’s great to be able to be with you today
33rd consecutive livestream
I’ve been wronged. We have an hour, it’s New Year’s Eve Day and we need to air grievances
Why am I the way I am in real estate? I’ve been through the wars. Crazy, frustrating things that would break a lot of people. Let’s go over them and see if I can let these things go. Therapy
1. One of my first listings was hijacked by an agent. The woman met with the parents of the buyers and told them there was a sinkhole in the backyard
2. That time when I had a good friends parents not use me for their listing. Like seriously, didn’t know of any agents and only knew me and yet refused
3. Represented a buyer for a large transaction with the title company I always used. There were 6 people who needed to sign off on the deal, one of the people was divorced and his x wife needed to sign. We got all the signatures needed. 2 months later, title company comes back and says we need a different form signed because they LOST it. So unprofessional…I let them know that this was ridiculous. It wasn’t just a mistake either…the title company is meticulous about its documents. We don’t get paid if the title company doesn’t clear the payments. The company told me I was in the wrong…I left them. Pro tip: Don’t accuse your clients of doing something wrong and then get upset when they let you know it’s not appreciated.
I had a friend who was moving into St. Louis from Chicago. They wanted a house with a pool. I was working one afternoon and they called me out of the blue wanting to see a house. I immediately dropped what I was doing and showed them the house. It was weird. The man didn’t even look at the house, he just stayed in his car while his wife and kid walked through the house. I asked if they wanted to make an offer…followed up with them…nothing. He was in and out of the hospital so I didn’t want to be too aggressive, but I called one day and he just said, hey let me call you back. That call never came, and he ended up buying a house from a listing agent who got both sides of the deal. Wasted my day showing a house for literally no reason as a favor.
Listed a house for a lady and we did an excellent job. It was a very nice deal and we everyone was happy. A few years later, got the call from the same lady and she wanted me to sell her parents home. Well, she said that her parents were going to be moving and I should take a look at the house. I went over. The father was laying in the dining room in a bed delirious. Seller asked me what to do..I said we could sell the house as is, or we could sell it with occupancy. The house was going to sell because it was on a large lot. This seller, whom I’d worked with previously, had power of attorney, but she also had 3 or 4 siblings. One of the siblings just didn’t like me and wanted to use another agent. I’d get texts from the seller asking me what we were going to price it for and I said I didn’t know because we weren’t listing it and the numbers change over months….she was getting all sorts of static from her siblings and she was in charge of taking care of her parents…she was so stressed. Finally, she said, I think we are going to list the house with who my sister wants…I can’t be managing my parents health and working and fight with my sister who doesn’t work and has plenty of time on her hands. I understood, but it was a HUGE disappointment for me. I always figured we would do a deal later because she wanted to move. Then, one of her kids got a real estate license and I suspect I’m not going to be involved with that either. Try to be a good person, and sometimes it just doesn’t work out.
The time we represented a buyer all the way to closing when they absolutely just decided on a whim they weren’t buying a condo. Like a 110k condo where there was maybe a 1,000 escrow check hanging in the balance. I didn’t like my buyer on that one.
I got a call on New Years day 2020. A woman that was in my farm called and wanted to take a look at an 1800 sq ft. home about 5 minutes from my house. I agreed. While we where there, she said she had been a real estate agent in Nebraska, and she was going to buy a home subject to the sale of her home. I thought that was kind of strange because the market was hot. Most sellers would not agree to that contingency but whatever. Anyway, we go see the house and she thanks me and everything was good. We finish seeing the house and she says “that’s it?” I said yeah, why? She said the house was in no way 1800 sq ft. I said that’s right, it’s only 800 sq ft. Zillow adds everything and calls it living area. She ended up selling her home and moving to Illinois…didn’t call me to list it.
The time we got sued in small claims court for a deal that should have never been in small claims
a. The agent was new and part of a huge team…no oversight and had no idea what he was doing
b. The buyers were supposed to be sophisticated people but they were pretenders
c. The amount requested was ridiculous considering it wasn’t even legal in the amount was more than small claims
I listed and sold a house for a woman. We got a great price for the house, and she was thrilled with what we did. There was another agent who came to see the house but wanted to sell it for 60-70k less than what it was worth because she pulled the wrong comps. This particular house was in a better school district. She was moving to her “forever home” Well, 5 years later, she calls me. She said she had sold her house privately but the deal blew up and she was going to list it. I told her I’m good with listing it. She had a stupid price that she wanted to list it for, and she’d had an agent already go through the house. I told her my fee, and she agreed. The next morning, I get the call. She is going to use the other agent…the agent cut her commission overnight. Helped me to see that it doesn’t matter how good of a job you do for someone, very few care.
The time when I got a call from a lady that said she wanted to buy a house I had listed and she wanted me to sell her house. I didn’t believe it. I did end up representing her to buy the house, and I did end up selling her house. Never believed it. But on the sale of her house. The other agent was an idiot. Asked for all kinds of repairs that were unnecessary. I had an inkling to move on from them but I didn’t.
I listed a house as is. I didn’t know anything about the house and I didn’t know the people very well. The house was well worn. I’d say it was being lived in fully. When I listed it, I had heard a neighbor was interested in buying it. She called me and said that she wanted to see it. I wanted to show it to her, but I was uncomfortable doing so because I didn’t want her to buy an as is house, then have all kinds of things wrong with it and I represented her…it seemed ethically like the wrong thing to do. She said she had an agent she kind of knew. She called that agent, and they ended up buying the house and selling their house. As it was, I made 6,000 on the deal. Had I represented her I would have made over 18,000. I have no idea what I should have done differently but this has always bugged me. Trying to have some sort of ethics cost me big time.
*Bonus, if there is time…the lady that I tried to help buy a house and now she is in a deal with her husband to pay a stupid amount of money for a house not listed but next to the house that was listed.
Sources: Me
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