It's Not Personal....It's Business And We Need To Protect Our Seller !!!

By
Managing Real Estate Broker with RE/MAX Executive Realty

After reading a post (written to members only) regarding a listing agent requesting some details from a buyers' agent about her buyers' transaction, I thought I'd share my thoughts on this topic.  We are listing agents and have received offers from agents who are anxious to close their buyers on a home.  However, there are facts that we need to confirm in order to protect the seller and prevent a financial disaster for the seller.

Chains of transactions are common today.  When there is a series of transactions relying on the previous buyer to perform, the water can get very mucky very quickly.  How irresponsible of a listing agent to not question the status and to not request to see some documentation of those deals.  One failed step along the way will cause many fallen transactionsThe one at the end, our seller, will take it on the chin. 

Our listing will have to show as pending, and no buyers' agent wants to be a backup on an existing pending home.  Marketing time will have been lost, and if the seller goes forth and commits to a purchase, there could be a financial loss. 

It's necessary to request some written documentation regarding the chain of transactions.  We do, and we have not had any problem with receiving the requested information.  It's not a personal attack on the buyers' agent.  None of this is personal, it's business.  It's good business for a listing agent to protect the interests of the seller.  Don't take it personally, we're not questioning your ability, buyers' agent, we're confirming the strength of the chain that we're being asked to rely upon for the success of our transaction.  It's not personal!!!

close

Re-Bloggged 4 times:

Re-Blogged By Re-Blogged At
  1. Jeffry Evans 04/06/2011 09:27 AM
  2. Lenn Harley 04/06/2011 10:23 AM
  3. Susan Morrison 04/06/2011 04:20 PM
  4. Gary Berset 04/06/2011 04:24 PM
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Topic:
Real Estate Sales and Marketing
Groups:
Active Rain Newbies
BananaTude
POSITIVE ATTITUDE for the Weary Soul
RE/MAX Active Rain Bloggers
Tuesday's Treasures
Tags:
listing agent franklin ma
representing the seller franklin ma

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Ambassador
800,556
Dagny Eason
Fairfield County CT, CDPE Homes For Sale and Condo
Dagny's Real Estate

Congratulations on the feature!  Well deserved, Barbara!

Of course every detail is super important - Cannot imagine any buyer's agent getting huffy over those details being requested.....

April 07, 2011 12:40 PM
Rainmaker
1,088,653
Li Read
Caring expertise...knowledge for you!
Sea to Sky Premier Properties (Salt Spring)

Superb post....a very worthy feature!

April 07, 2011 01:08 PM
Rainmaker
1,822,229
Barbara Todaro
"New Franklin MA Homes"
RE/MAX Executive Realty

Dagny.....thanks....it happens....

Li....thank you....have a great weekend....

April 07, 2011 01:10 PM
Rainmaker
537,977
Eric Michael
Metro Detroit Real Estate Professional 734.564.1519
Remerica Integrity, Realtors®, Northville, MI

We need to make sure those links are all strong. Congrats on the feature, Barbara.

April 07, 2011 06:51 PM
Rainmaker
1,822,229
Barbara Todaro
"New Franklin MA Homes"
RE/MAX Executive Realty

thank you, Eric....hope all is well with you.

April 07, 2011 06:57 PM
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Rainmaker
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Barbara Todaro

"New Franklin MA Homes"
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Additional Information

The Kuney-Todaro Team is the "#1 team in Franklin's #1 office." Our expertise is in marketing new construction and resale properties. New construction is our niche and we have sold 40 subdivisions in the area of Franklin MA.