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5 Signs That It’s Time To Fire Your Realtor

5 Signs That It’s Time To Fire Your Realtor

If you’re one of the brave souls that’s ever attempted navigating through the treacherous waters of selling your home, then you’re not a stranger to the stressful nature of such a transaction. Sure, selling a home sounds quick and painless, especially if you’re using a realtor, right?

Not necessarily.

Thousands of homeowners that don’t understand the anatomy of a real estate transaction (or just want mass MLS exposure of their home), will hire a realtor, aka a “glorified real estate agent”.  They do this under the assumption that a realtor will make the transaction go smoother, simpler, and most importantly, faster. Unfortunately, many home owners have quite a different experience.

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Here are a few signals to look out for that could mean it’s time to find another realtor:

1. You House Simply Isn’t Selling

The idea that a real estate agent, through their hard effort and experience finds just the right buyer for your home is simply a real estate myth. You see, there are only 3 main factors that will actually cause your home to go from unsold to…sold. They are: Price, Condition, and Location. No one can change the location, so if a home is priced correctly according to its condition, then anyone can sell it…not just a realtor.

So, if you’re house isn’t selling as quickly as you were told by your realtor, then why should you blame them? Because once you hire a realtor to represent you, they owe you a fiduciary duty.

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You see, in acting as a fiduciary to you, they should properly research the market, and advise you to list the property at a price that will bring offers. If the realtor advises you on an incorrect list price that’s too high, in order to “get the listing”, then you won’t know until months later when your house remains unsold.

2. Promises Are Being Broken

It’s not uncommon for a newbie real estate agent that desperately needs a listing to over-promise and under-deliver, especially in regard to the amount of money that they say they can get you for your house. But newbie realtors and agents don’t always intentionally make promises that they can’t keep; sometimes they lack the experience in properly determining home values for their clients.

If a realtor tells you that they can sell your house for $150,000 in 60 days or less without providing proof of similar homes selling at that same price within that same time period, then red flags should go up right away. Agents that list “over-priced” homes using this technique have a pre-planned strategy to encourage you (after a few weeks have passed) to reduce the list price of your home. If you’ve found that your agent/realtor has over-priced your home, ask them to release you from the listing agreement immediately and either sell your house without a REALTOR or hire a new one.

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3. There’s Zero Marketing Being Done

Believe it or not, the only marketing that a realtor really has to do to generate an offer on a well-priced home, is to list it in the local Board Of Realtors Multiple Listing Service (the MLS).  Once listed, your home is instantly available to hundreds or even thousands of other realtors and their buyers to see. So it’s actually the MLS that’s a realtor’s best and usually only marketing tool to get your home sold quickly and for the most amount of money.

If your realtor doesn’t take the time to have professional photos taken of your home, and quickly get all the details accurately entered into the MLS and on the market by the agreed upon date, then you should be extremely concerned. Why? Because if your realtor can’t do the ONE marketing task that is actually going to bring offers, then you have to wonder what else their letting fall through the cracks during the remainder of the selling process.

4. Communication Is Seriously Lacking

You’ve heard it before, “communication is key”, and in a real estate transaction, it’s not just a cliche; thousands of dollars could be lost if communication is lacking between you and your realtor.

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You should be concerned early on, if you believe that you’re realtor isn’t informing you of:

  • the feedback received from buyers that have seen your home but have yet to make an offer
  • offers from qualified buyers in a timely manner
  • potential issues with the buyer’s loan processing/approval
  • statuses of reports, such as inspection reports or appraisals
  • the status of your counter-offers

Realtors need to be in constant communication with their clients throughout the entire listing agreement period. If yours isn’t, you might consider a different realtor.

5. Questions Aren’t Getting Answered Accurately Or Honestly

If you find early on, that your realtor can’t answer simple questions that directly relate to the industry that they work in, then you could be setting yourself up for failure. You absolutely must make sure that your realtor/real estate agent is competent enough in their field to be able to hold your hand and guide you properly through the complexities of selling a piece of real estate. Their not selling cars or mattresses; their selling your nest egg that you’ve treated like your firstborn.

With that in mind, if your realtor isn’t able to answer these questions accurately, they are highly unqualified to be your Fiduciary:

  • When exactly does the “Option Period” expire?
  • The buyer wants to negotiate repairs before the inspection. Should we?
  • How do you know that this buyer is qualified to purchase this home?
  • Do you know the track record of the selling agent that is representing the buyer?
  • What factors are preventing my home from selling, besides price?

Summary

Due to the complexities of a real estate transaction, unfortunately, most home owners lack the experience to “know what they don’t know”. If that’s you, then don’t let fear stop you from hiring a realtor to represent you, just be mindful of what we covered in this article, before, during, and after you decided to work with a real estate professional.

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James Vasquez

Real Estate Investor

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Last Updated on January 3, 2020

The 10 Essential Habits of Positive People

The 10 Essential Habits of Positive People

Are you waiting for life events to turn out the way you want so that you can feel more positive about your life? Do you find yourself having pre-conditions to your sense of well-being, thinking that certain things must happen for you to be happier? Do you think there is no way that your life stresses can make you anything other than “stressed out” and that other people just don’t understand?  If your answer is “yes” to any of these questions, you might find yourself lingering in the land of negativity for too long!

The following are some tips to keep positive no matter what comes your way. This post will help you stop looking for what psychologists call “positivity” in all the wrong places!  Here are the ten essential habits of positive people.

1. Positive people don’t confuse quitting with letting go.

Instead of hanging on to ideas, beliefs, and even people that are no longer healthy for them, they trust their judgement to let go of negative forces in their lives.  Especially in terms of relationships, they subscribe to The Relationship Prayer which goes:

 I will grant myself the ability to trust the healthy people in my life … 

To set limits with, or let go of, the negative ones … 

And to have the wisdom to know the DIFFERENCE!

 2.  Positive people don’t just have a good day – they make a good day.

Waiting, hoping and wishing seldom have a place in the vocabulary of positive individuals. Rather, they use strong words that are pro-active and not reactive. Passivity leads to a lack of involvement, while positive people get very involved in constructing their lives. They work to make changes to feel better in tough times rather than wish their feelings away.

3. For the positive person, the past stays in the past.

Good and bad memories alike stay where they belong – in the past where they happened. They don’t spend much time pining for the good ol’ days because they are too busy making new memories now. The negative pulls from the past are used not for self-flagellation or unproductive regret, but rather productive regret where they use lessons learned as stepping stones towards a better future.

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4. Show me a positive person and I can show you a grateful person.

The most positive people are the most grateful people.  They do not focus on the potholes of their lives.  They focus on the pot of gold that awaits them every day, with new smells, sights, feelings and experiences.  They see life as a treasure chest full of wonder.

5. Rather than being stuck in their limitations, positive people are energized by their possibilities.

Optimistic people focus on what they can do, not what they can’t do.  They are not fooled to think that there is a perfect solution to every problem, and are confident that there are many solutions and possibilities.  They are not afraid to attempt new solutions to old problems, rather than spin their wheels expecting things to be different this time.  They refuse to be like Charlie Brown expecting that this time Lucy will not pull the football from him!

6. Positive people do not let their fears interfere with their lives!

Positive people have observed that those who are defined and pulled back by their fears never really truly live a full life. While proceeding with appropriate caution, they do not let fear keep them from trying new things. They realize that even failures are necessary steps for a successful life. They have confidence that they can get back up when they are knocked down by life events or their own mistakes, due to a strong belief in their personal resilience.

7. Positive people smile a lot!

When you feel positive on the inside it is like you are smiling from within, and these smiles are contagious. Furthermore, the more others are with positive people, the more they tend to smile too! They see the lightness in life, and have a sense of humor even when it is about themselves. Positive people have a high degree of self-respect, but refuse to take themselves too seriously!

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8. People who are positive are great communicators.

They realize that assertive, confident communication is the only way to connect with others in everyday life.  They avoid judgmental, angry interchanges, and do not let someone else’s blow up give them a reason to react in kind. Rather, they express themselves with tact and finesse.  They also refuse to be non-assertive and let people push them around. They refuse to own problems that belong to someone else.

9. Positive people realize that if you live long enough, there are times for great pain and sadness.

One of the most common misperceptions about positive people is that to be positive, you must always be happy. This can not be further from the truth. Anyone who has any depth at all is certainly not happy all the time.  Being sad, angry, disappointed are all essential emotions in life. How else would you ever develop empathy for others if you lived a life of denial and shallow emotions? Positive people do not run from the gamut of emotions, and accept that part of the healing process is to allow themselves to experience all types of feelings, not only the happy ones. A positive person always holds the hope that there is light at the end of the darkness.  

10. Positive person are empowered people – they refuse to blame others and are not victims in life.

Positive people seek the help and support of others who are supportive and safe.They limit interactions with those who are toxic in any manner, even if it comes to legal action and physical estrangement such as in the case of abuse. They have identified their own basic human rights, and they respect themselves too much to play the part of a victim. There is no place for holding grudges with a positive mindset. Forgiveness helps positive people become better, not bitter.

How about you?  How many habits of positive people do you personally find in yourself?  If you lack even a few of these 10 essential habits, you might find that the expected treasure at the end of the rainbow was not all that it was cracked up to be. How could it — if you keep on bringing a negative attitude around?

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I wish you well in keeping positive, because as we all know, there is certainly nothing positive about being negative!

Featured photo credit: Janaína Castelo Branco via flickr.com

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