This... Had three agents come to my house, as I was thinking about selling. First one said I could easily go on market at 540K, had comps etc. Second agent arrives and tells me my house can only go on the market at 410-420K, I was in total shock after the first one told me 540K. She also conveniently forgot to bring any comps, which raised my suspicions that she was trying to rip me off. Third agent came and said same as first 530K-560K, and it would likely sell over asking. She brought comps as well..... I couldn't believe the second one, whom I ushered out of my house after she showed me that number and had no comps. Unreal, totally unethical!
@@yvonne820 Uh, well lets see.. TWO REALTORS told me my house value was in the 500K range and one tells me it's only worth 420K at best!? That is unethical because she was not telling me what the fair market value would be, I am guess she either had a client interested in it but on a strict budget, OR she is just a lazy agent that wanted a quick sale! It's my house, I will sell it for as much as it is worth, and it isn't 420K!
Really great video, Jen. My mom was a realtor, and so am I. We both love the interaction with people, the variety and yes, the drama of selling a home. I am a senior now selling to seniors and being accessible by phone is such an important part of the process. Thank you for creating these videos for the consumer. You tone and content are perfect.
You and your videos are GOLD!!I appreciate you and your informative videos SO much!!🙌 You randomly appeared while watching TH-cam videos a few weeks ago; Im learning SO much and subscribed to your channel. Will definitely be contacting you for referrals when we are ready to sell in one state and move to another. You rock!!👏👏👏👏👏
I can see that the title for the video has the words " shady agents" which will catch most people's attention. I have been a broker of my own firm for 33 years and I don't know if I have run into any intentionally "shady agents". Perhaps incompetent? No one wants to lose their hard earned license. How many agents out there purposely desire to con someone? I really don't have know but in the big town I live and serve in real estate I have known untold numbers of fantastic, knowledgeable agents. I would personally use the word untrained or not experience agents rather than shady. But that is just me. ( I do like and appreciate Jen's channel)
Question, what is the biggest difference between discount brokerages and a full service real estate agent? In other words, what are the limits of the discount brokerage or what service will they offer less in comparison to a full service real estate agent? Thank you.
There are MANY variations of discount brokerages. Some will only do pictures and put it in the MLS - the homeowner is responsible for dealing with negotiations and fielding buyer agent calls. Some will handle the calls but won't do 360 tours, floor plans, aerial photos or video. A full service agent handles all aspects of the marketing and transaction process.
In my area I have not experienced an increase in break-ins. But to be safe, I recommend putting away or covering valuables prior to pictures being taken.
Jen, what is your thought on comps? I had one agent give me comps that closed more recently but were farther away than 1 mile from my house and another agent who used comps that were closer to my house but closed within the last 6 months. Not sure which is the right way. Thanks
Comps can be tricky depending on where you live - especially over the last 12-18 months with the reduced number of home sales. The general rule is to use properties that have sold no more than 3-6 months and within a proximity that has similar type homes (may be more than a mile in certain areas). However, if the comps are not available, its necessary to go out a little farther or use comps slightly older and than adjust for the date/location.
So how important is the availability if they are simply listing your house? I'm not expecting them to show the property to buyers as you pointed out dual agency is not good. I am expecting them to market my property to the best of their ability. Just curious why the big push for availability during the week
During a typical week, I receive calls from homeowners asking questions, buyer agents asking questions and buyers without agents calling me directly. I meet appraisers, home inspectors, fire dept for smoke detector inspections. I talk with attorneys (who are not available evenings and weekends) and mortgage reps. MOST of my communications are M-F during the work day.
![HIWWHEE | OHM [Official MV]](http://i.ytimg.com/vi/OJJLtTLqLag/mqdefault.jpg)
What is your biggest concern when hiring an agent?
That the agent will not listen to all of our concerns and work with us and for us versus ‘just getting a sale’.
This... Had three agents come to my house, as I was thinking about selling. First one said I could easily go on market at 540K, had comps etc. Second agent arrives and tells me my house can only go on the market at 410-420K, I was in total shock after the first one told me 540K. She also conveniently forgot to bring any comps, which raised my suspicions that she was trying to rip me off. Third agent came and said same as first 530K-560K, and it would likely sell over asking. She brought comps as well..... I couldn't believe the second one, whom I ushered out of my house after she showed me that number and had no comps. Unreal, totally unethical!
I'm so glad you interviewed 3 agents - well done!
@@bettysmith4527 totally unethical? What's unethical is selling your house for too much.
@@yvonne820 the second one was the lowball though
@@yvonne820 Uh, well lets see.. TWO REALTORS told me my house value was in the 500K range and one tells me it's only worth 420K at best!? That is unethical because she was not telling me what the fair market value would be, I am guess she either had a client interested in it but on a strict budget, OR she is just a lazy agent that wanted a quick sale! It's my house, I will sell it for as much as it is worth, and it isn't 420K!
This is very different that what we experienced in the '90's.
Great information as always. Not looking to sell but will definitely use your referral offer when it’s time.
Really great video, Jen. My mom was a realtor, and so am I. We both love the interaction with people, the variety and yes, the drama of selling a home. I am a senior now selling to seniors and being accessible by phone is such an important part of the process. Thank you for creating these videos for the consumer. You tone and content are perfect.
Have you made a video on the detail info on what to look for and what to ask an agent when buying a house?
I haven't and I may in the future!
Yes. Iv been waiting for this one!!! Thank you Jen. I’m happy that I can pass this test and educate other buyers and sellers
You and your videos are GOLD!!I appreciate you and your informative videos SO much!!🙌 You randomly appeared while watching TH-cam videos a few weeks ago; Im learning SO much and subscribed to your channel. Will definitely be contacting you for referrals when we are ready to sell in one state and move to another. You rock!!👏👏👏👏👏
Wow, thank you!
GREAT TIPS! WHEW! Now we just need to implement all these great tips.
Glad it was helpful!
I can see that the title for the video has the words " shady agents" which will catch most people's attention. I have been a broker of my own firm for 33 years and I don't know if I have run into any intentionally "shady agents". Perhaps incompetent? No one wants to lose their hard earned license. How many agents out there purposely desire to con someone? I really don't have know but in the big town I live and serve in real estate I have known untold numbers of fantastic, knowledgeable agents. I would personally use the word untrained or not experience agents rather than shady. But that is just me. ( I do like and appreciate Jen's channel)
The video we have been waiting for! Thank you Jen!
A really good agent is going to cost a lot more. Do as much as you can (like staging & fix-its) on your own, so they charge less.
A good way to avoid shady agents after listing as FSBO, is to not answer the phone.
Question, what is the biggest difference between discount brokerages and a full service real estate agent? In other words, what are the limits of the discount brokerage or what service will they offer less in comparison to a full service real estate agent? Thank you.
There are MANY variations of discount brokerages. Some will only do pictures and put it in the MLS - the homeowner is responsible for dealing with negotiations and fielding buyer agent calls. Some will handle the calls but won't do 360 tours, floor plans, aerial photos or video. A full service agent handles all aspects of the marketing and transaction process.
Got it! Thank you.
Due to the increase in break-ins; how do you minimize this when listing your home with photos and videos of your home?
In my area I have not experienced an increase in break-ins. But to be safe, I recommend putting away or covering valuables prior to pictures being taken.
Jen, what is your thought on comps? I had one agent give me comps that closed more recently but were farther away than 1 mile from my house and another agent who used comps that were closer to my house but closed within the last 6 months. Not sure which is the right way. Thanks
Comps can be tricky depending on where you live - especially over the last 12-18 months with the reduced number of home sales. The general rule is to use properties that have sold no more than 3-6 months and within a proximity that has similar type homes (may be more than a mile in certain areas). However, if the comps are not available, its necessary to go out a little farther or use comps slightly older and than adjust for the date/location.
So how important is the availability if they are simply listing your house? I'm not expecting them to show the property to buyers as you pointed out dual agency is not good. I am expecting them to market my property to the best of their ability. Just curious why the big push for availability during the week
In fact I would think I would want them to be available on weekends for open houses.
I assume availability to show the house. You don't want to lose out on potential buyers by having an agent who can't show a house readily
During a typical week, I receive calls from homeowners asking questions, buyer agents asking questions and buyers without agents calling me directly. I meet appraisers, home inspectors, fire dept for smoke detector inspections. I talk with attorneys (who are not available evenings and weekends) and mortgage reps. MOST of my communications are M-F during the work day.