By - philsphan26
Buyer’s agents are more important during the negotiation.
A good buyer’s agent will set you up on the search (like yours has) and also get to know you enough to understand what you’re looking for and find listings themselves. The automated search can be good but listing agents can leave information out and if you’re looking for a specific criteria the search can be a letdown. The big advantage of an MLS search, especially during a hot market, are the coming soon listings.
If your agent isn’t checking in/asking you what specific nuances you are looking for after a few days/weeks searching he’s just putting you on “maintenance” while he sells other clients.
This is pretty standard when you are just looking, and a lot of agents have teams, showing assistants and such that do some of the leg work. Every MLS syndicates to various websites, everyone has their app of choice pushing listings to their phone. I do not know what else they should be doing to find you a house.
Finding the house is not where the work comes in, writing a good offer, working through the obstacles and abjections and getting the transaction to close is where a Realtor is invaluable.
The whole notion of all we do is open the door is ridiculous.
This is pretty typical of nowadays. All the information is online so realtors having to scrape together lists and spend all weekend touring house after house isn’t very common.
But it sounds like it’s not really the realtors fault. Is there more they can do? You said yourself there’s just no inventory.
And it also sucks a little, but if a realtor thinks you’re a low probability of ever making them any money they’re not going to put as much time into you. If your budget is much lower than most people in the area so even if you do find a home you love you’re likely to get outbid you’re just not going to be the same level of priority.
The agent should be doing whatever you need to get done in order to buy home. Most people can find houses on their own so the first part is just being available to open up the house and show you. But if you are really strapped for time, you could have the agent tour the houses and preselect a few choice ones for you.
Agents can also provide value during the negotiations with the listing agent. Finding out what's important to the seller and where they are willing to budge. Convincing the listing agent to recommend your offer because you will be easier to work with even though others are higher.
The agent may also help with arranging and providing access for inspections. And working with lenders either (either side) especially if there is something complex (like HOA litigation).
Sometimes, especially for straightforward deals, the commission at 4-6% may not provide much value to the buyer/seller. But in more complex cases it may be worth it.
Back in the day we had the MLS as a top secret thing that nobody had access to. Now the MLS is shared with all the main websites like Zillow and Realtor, so Realtors don't have any top secret super cool way to bring up the listings compared to what you can do yourself.
Looking and filtering out the list of homes is the most trivially easy part of the job, and I am glad the MLS is open now. It frees me up for other activities.
Step 0 is I look for, and send my clients as many "off market" listings as I can find locally.
Then we have to help you construct a good offer. Though the market has slowed down, we need to help our clients write an offer that will beat out the other buyers. Sometimes this is blatantly straight forward such as a higher price, but a lot of the time this involves utilizing rent backs, closing costs, credits, escalation clauses, and other stuff that the standard buyer likely isn't familiar with.
We need to help you get good contractors, inspectors, lenders, and other references to ensure you aren't getting people that take your money and run, or do crappy jobs.
We need to help you navigate inspections. It might sound super scary that a house has termites, lead paint, and no GFI's on all the sockets in the home, but in my area every single house has these same problems. We can also guide you on what inspections to get which can save you a lot of money.
We also help you write all the paperwork, which is very long and not a lot of fun to learn (heck most agents still don't know everything that's in it).
Then, once all of that is done, we often times throw in a chunk of our cash to help you close because you and the seller refuse to come to an agreement over a $100 sink repair or a $200 termite local treatment.
Most buyers find the property themselves on any number of RE MLS web sites. The realtor then shepherds the buyers through the process.
FWIW, I got frustrated with my realtor quite a few times throughout my search because I felt like she wasn’t being as proactive as I would have liked, but realtors can’t magically make inventory appear. That being said, she knew the area I was looking to buy in like the back of her hand which was incredibly helpful.
A listing popped up that had HORRIBLE photos but she assured me she had shown houses in the neighborhood before and that they were gorgeous in person. She was right!
Since day 1 of my offer getting accepted she’s been kicking ass and taking names. She got my house measured, photographed, staged, and listed in less than a week. A good agent is worth their weight in gold.
Your buyer agent does a lot for you thru the process, it isn't just about finding the property. MLS syndicates to thousands of places online so, while your agent can see lots more info about a property on MLS, you'll be able to see that it's listed if you're looking online, too. Inventory is very low right now so your frustration is valid, there are a lot of buyers just like you looking for listings that don't exist. The problem with RE teams is that you don't really know who is doing what for you and nobody really gets to build a relationship with you so they can best tend to your needs and know what those needs are. I'd be asking if anyone is being proactive on finding a home for you. You may be seeing everything available on listings, but it's possible there are homeowners who are considering a sale but haven't made the leap yet. Someone should be seeking those out for you. There may truly be nothing out there, so that isn't a magical fix. I'd at least ask if it's being done. Are homes that match your search being sold without you seeing them? You can search for properties under contract and recently sold to see what's being sold and how (to a certain degree). In the end, this is a hard time for buyers. There are more buyers out there than properties available. If your RE team is doing all they can do, then you just need to stay the course. If they've put you on autopilot that needs to be addressed.
My real estate agent was amazing. We told her our requirements (price, location, etc). Every time a house popped up that was within our budget and met our requirements she sent me an email. I imagine she had some service that she could generate automated emails? She knew about homes coming on the market before they went on Zillow or other services.
She did a lot of leg work for us, not just in finding the place, but all-hours availability for signing documents, getting the right inspections etc.
Sounds like it's time to sit down with your realtor and talk about your situation. Is your budget unrealistic? Can you look at new construction? There are lots of things they can do to help get you the home.
Get lock box code, open door.
In my opinion they suck. They don't seem knowledgeable or helpful....just there to collect a cut. Bah.
Yea I’m not really sure if there purpose I guess. At least the ones I’ve worked with
I've been looking at lots for ages and most realtors don't even know shit about what they are selling. Lied about sizes, lied about legal fees. Don't know anything about if the road is plowed....like what the fuck is your point then?
Most buyers find their own home. You know what your looking for and have basically the same access (Zillow app, etc). It's the new way.
Welcome to being a realtor
A great buyers agent is going to have an initial meeting with you and really nail down your parameters for your home, and help give you the tools needed to submit a winning offer when your home hits the market. They should be well connected with recommended lenders, inspectors, and the like to help put you in a winning position. And they’ll be ready to go to bat for you through the closing process. If you don’t feel like you’ve found that agent, keep looking.
This is the right answer!
HGTV is a lie.
OP this is the biggest red flag in the industry.
Curious why that is? Ootl
Keller Williams whole business model is set up to maximize the number of total agents that they have, and strongly encourage recruiting and "pipelines" Very much like a MLM scheme. They're training sessions and meetings are 90% how to get more clients and they care very little about how to train their agents to actually properly take care of their clients once they get them.
Youre getting confused. The realtor doesnt work for you, he works for the vendor. You can go to 100 different realtors as a buyer. You dont ask a realtor to find you something, as you said they just put you on an email list and thats it.
You are looking for a buyers agent who will take a fee on purchase.