OK, I know I probably sound like an egotistical jerk here…but here comes a rant. I’m not sure why this is, but so far in 2015 I seem to be running into more ridiculously amateurish real estate agents than I think I’ve ever seen. Unfortunately they seem to have listings that I have clients interested in! Damn! Here’s a few examples:
I go show a listing in Redwood City on the first day it hits the MLS. While we’re there a couple of property inspectors are also present doing their thing under the house. I hear one tell the other “Hey, there’s no foundation at all on this front perimeter wall”. Hmm…a tad disconcerting. My clients have interest so I call the listing agent who tells me that she has 2 offers in front of her right then so I better hurry. “What about the disclosures?” I ask. “They’re not ready yet”. she says, and obviously the inspections aren’t either. “Go ahead and write your offer without them…it’s OK” She says.
Really? Write an offer in competition without seeing the inspections or disclosures? I know, I’d have to include a contingency but how do you compete that way?
Or how about this one. I’m showing a house a few days ago in San Jose and the open house we’re at is mobbed. People are asking for the disclosures. The agent says (with a straight face) “We’re looking at offers on Wednesday and expecting multiples. If you’re the winning bid we’ll give you the disclosures at that time”. What? Did I hear that right? So you’re supposed to compete for the place without knowing ANYTHING about the home? Obviously you would include a contingency but how are you going to feel about writing an offer $100,000 over asking and then discovering the house has significant issues. Of course you’ll back out. Why would either the seller or any buyer want to do it that way? Why not just let everybody examine the disclosures and then everybody goes into the offer with their eyes open. This other way is absurd.
And yet another, a house I’m showing has open house signs everywhere and the door is wide open…but no agent is there. Anybody can just walk in…and potentially walk out with the stagers stuff. Several interested parties are there but not the listing agent. People are asking me questions about it…I guess I look sort of official. Unfortunately it’s not my responsibility ( If my client would have liked it I should have told them that the place was in the middle of active toxic waste…it might have discouraged competition? Just kidding!) Once again, I send an email requesting disclosures and I’m told they would be ready by Thursday but 2 offers are coming in on Monday so go ahead and write your offer. It’s kind of zany to me, sorry.
OK, I’ll get off of my soapbox.