Buyers Agent Accidentally leaves Phone On - OOPS!

By
Real Estate Agent with RE/MAX Compass, formerly RE/MAX WHP

I was negotiating a deal with a buyers agent for repairs recently. She had asked for $5,500 in lieu of all repairs. I always LOVE when a buyers agent pulls a number out of their fanny without a professional bid. I quickly said.. where did you guys come up with that number? The buyers agent who I'll refer to as Trina says...


"my buyers felt it was adequate compensation."

 

Adequate compensation? What? This isn't a lawsuit and your buyers weren't injured in a car wreck goshdangit! Get with the program sister! Get a handyman, a roofer, or somebody that KNOWS what they are talking about!

I didn't say that, but I was thinking I should. Instead I said.. We'll need a professional quote prior to negotiating any repairs. I had already known by personal experience that their quote was at least $2,000 higher than it should of been. Being a bad bullshi**er has a funny way of creeping up on you when you least expect it. After we hung up the buyers agent called back from her bat phone. I answered to NOISE.

This is what I could hear.

"well XXXX sounds like we ain't gettin $5,500. If we get $3,000 would you all be okay with that?"

66

BUYER: "If we can get $2,000.00 we'll take it!"

At first I was pissed, but then It hit me. The real estate God's didn't appreciate their inflated requests. The buyers would not be getting what they asked for. I called the sellers and suggested a $1,000.00 repair allowance TAKE IT OR LEAVE IT. The sellers agreed and you guessed it.. SO DID THE BUYERS!

The moral of the story? Get your bids right, & don't BS people with inflated quotes, otherwise your purse just might make the call for you!

Posted by

 

 
Greg Nino
, Houston area Realtor®.
Helping residential buyers, sellers and tenants 7 days a week.
Available @ 832-298-8555 

RE/MAX Compass (Formerly RE/MAX WHP)

www.GiveMeMyHomesValue.com

www.EverydayHoustonHomes.Com

 

 

The information contained in this blog is believed to be reliable and while every effort is made to assure that the information is as accurate as possible, the author of this blog, and its comments disclaim any implied warranty or representation about it's accuracy, completeness or appropriateness for any particular purpose. All information is copywritten and the property of Greg Nino.  

 

 

 

 

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Topic:
ActiveRain Community
Groups:
Club Chaos
'JACKED!!!!!
Lessons Learned
Real Estate Bloopers
"Whacked"!!!
Tags:
poor buyers agent
cell phone buyers agent
negotiations home cypress

Comments 43 New Comment

Rainmaker
933,603
Greg Nino
Houston, Texas
RE/MAX Compass, formerly RE/MAX WHP

Gabrielle - where the heck have you been??

September 01, 2009 10:53 AM
Rainmaker
238,110
Angelia Garcia
Pure Realtors

I have a flip phone so never will happen by me.  I have received calls from friends or family members like that.  Nothing juicy though.

September 01, 2009 07:56 PM
Anonymous #41
Anonymous
Anonymous

Greg, I only laugh when professional don't know the trade much less expense of items.  I remind buyer agent I am a real estate investor who does my own contracting if their contractor is charging them XYZ WOW happy to work for buyer with $500 savings... gets them to zip it ! Have a great weekend

September 03, 2009 05:07 PM
Anonymous #42
Anonymous
Anonymous

LOL!! I keep my phone locked and Always get quotes!!

September 07, 2009 09:31 AM
Rainer
21,181
Becky Johnston, GRI, CNE, ePro
HomeSmart Realty Group

Wow, that is a funny story.  Why would an agent just quote an amount without knowing the true cost? 

Though this accidental redial has never happened to me on a real estate deal. I was always calling friends and family with my blackberry and my bottom, until the blackberry flip phone came out.  I love this phone!    

November 08, 2009 12:09 PM
Rainmaker
933,603

Greg Nino

Houston, Texas
Providing Real Estate Advice 7 days a week!
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Additional Information

RE/MAX REALTOR® serving all of Houston, Cypress, Katy, Spring and Harris County. Available 7 days a week. Residential resale, new construction and leasing.