Charlotte Home Buyers BEWARE!
Because our market is currently booming, we feel strongly about getting this message out about buyer and agent relationships.
I get dozens of calls each day from buyers with questions regarding specific properties that they have found online. I am happy to give buyers the information that they need and of course, in return, I only ask that these buyers answer just a couple of questions for me:
- Are you working with a real estate agent?
- Have you spoken with a lender to be pre-approved for a home purchase?
Most of these callers answer, ‘No’ to both of these questions. I then have a discussion about each, letting the caller know how we work as real estate agents here in North Carolina and explain the importance of being pre-approved for a home loan prior to stepping foot in one home for sale.
Today, I was asked to show several properties for a caller. ‘Yes,’ they said, they are pre-approved and ‘No’ they are not working with a real estate agent. Great! First of all, they’re calling me to see homes in one of my specialty areas and secondly, I’m sure that I possess the knowledge and skill to get them through this process with ease.
I spend time preparing for the showings:
- Pulling the listings in MLS
- Phoning the showing service and the individual sellers, as the case may be
- Await approval calls for each of them
- Obtain the showing instructions for the properties
- Research these properties so that I can share pertinent information with the buyers
- Print information for the buyers
- Provide them a nice package of information regarding the area
- I fill up my car with gas
- Clean my car, if necessary
- Arrive about 15 minutes early to be sure that lights are on in the first home and that I am ready to meet the new buyers.
I meet the buyers, show them several properties and as we are discussing our buyers’ agency agreement, they disclose that indeed, they ARE working with a real estate agent! They confessed that their agent instructed them to have agents in the area show them the properties and to tell the agents that they don’t have a real estate agent.
I’m assuming that these agents will later descend from their thrones when his buyers have located the property that they would like to purchase!
In my humble opinion, I would NEVER even consider working with a real estate agent who instructs me to lie about the fact that he/she exists–friend, family or not. This violates a strict Code of Ethics which we, as REALTORS®, are committed to abide by. Many agents do not wish to take time out of their schedule to represent their buyers, whether it’s working in another business or enjoying a game of golf.
So, why do buyers work with these agents? This remains a mystery to many agents who work in the business full-time and provide full-service to their clients.
We do not work for your agent–we represent our clients through the ENTIRE process! When you return to your agent and say that you would like to make an Offer on a particular property, I am then completely out of the equation. You lose out on a wealth of knowledge about the area in which your are interested and I lose out on any form of payment that the seller is offering a buyer’s agent–your absentee agent receives every dime of their pay.
I am not a volunteer in this business. I am a FULL-TIME professional, who offers FULL service and serve my clients from start to finish. If you are working with a real estate agent who has basically ‘pawned’ you off on other agents to do his or her job for you while they work at another job or are golfing for the weekend, what kind of service are you going to get during the remainder of this very important transaction?
Charlotte home buyers, don’t sign with an agent if they are not fully equipped or interested in seeing you through the entire home buying process.
Looking for a professional relationship with full-time, full-service real estate agents? We’re here to help! Give us a call at (704) 491-3310 or email Broker@TheCharlotteScoop.com.