Give me a "no drama" settlement every time. I love being bored in between an accepted offer and settlement. This isn't to say that "stuff" doesn't happen. Of course it does. Real estate transactions are complex, and expensive, and demand and deserve a lot of attention to detail.
The difference in making an entire real estate transaction relatively smooth has a lot to do with the agents involved.
Professional agents take action. I know some agents that believe that if they ignore a problem in a real estate transaction, that it just goes away. Professional agents know better. Real estate isn't like wine making. Problems tend to get worse with age. Professional agents attack problems as they occur. No waiting around, fix it and get it off the table.
Professional agents don't let their emotions get in the way. I'm sure you've all dealt with screaming agents, cussing agents, and everything in between. In my experience, that isn't a particularly effective strategy for getting anything done. I've never seen one item on a home inspection report that "self corrected" after being yelled at. Make sure you swear at that lender...that will make the loan commitment smoother. This industry does attract more than a few "drama queens."
Real estate is complex, but it isn't rocket science either. Experience and training, addressing items as they occur, understanding the contract. All these and a few more will go a long way to making a successful transaction.
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Richard Iarossi, REALTOR®
Long and Foster® Real Estate, Inc.
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Rich Iarossi is a full time licensed REALTOR®, working in Crofton, MD. My coverage areas are: Anne Arundel, Prince George’s, Howard, Calvert, Queen Anne, and Baltimore City and County. I specialize in residential real estate, working with both buyers and sellers. Use the registration free search on my website at www.RichSellsHomes.com. If you’re not already working with a REALTOR®...I can help. Call me at 443-995-9595 (Cell) or 410-451-6255 (Office).
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There seem to be more drama Kings and Queens out there now....and their reigns will be short as is their patience....and that's a good thing !
Richard.....very funny post, but very true.....the smoothest deals are the ones you do yourself......but it's better to co-broke than go broke.....(competency is a topic for another post.)
You are so right Richard. I have seen some go terribly wrong and others keep you smiling all the way through. So you are right about this
Richard..I agree totally. I have a closing today and its been a drain the whole time. But we are closing...
Richard, I've come across one or two of these in my real estate career. Very true and all it does is cause delays. Thanks.
Richard - such a pleasantly boring experience, I'll take working with a professional any time, in virtually any walk of life!
I'm with you!
Give me a boring transaction anyday...
Problem is, most agents aren't proactive.
Sometimes it's as simple as that!
Featured in the Group "Square Pegs!"
Ahhh the drama that we sometimes see in our profession..we could write a book, could we not? Thankfully, even though it is a much more stressful industry now, I'm actually seeing less of the drama. Perhaps because the egos are tossed aside more readily now for the sake of the clients? I hope that's the reason.
Very good points, sometimes there is much work to do before a closing!
Oh, yeah. and the crying and whining etc. I sure can/could live without that! ~Rita
You are the consumate professional, Richard. This is a great post!
Debi
Richard
Working with professional makes our life a littler easier and the only way to go.
Good luck and success.
Lou Ludwig
Richard, As in all professions, there are the professionals that make things happen, and there are those who sit around with their finger up their nose and wonder what happened☺☺☺
Helping you live your American dream...
Richard, so true. I've been in the screaming, shouting, drama queen (or king) type transactions. And then the ones with true professionals that make the job much more rewarding. I'll take those every time.
Hi Richard.....so nice to see you again :-) I don't think you'll find much argument with your assessment of the pro realtor.....and.....congrats on your recent closing. Next time you buy the wine!
Gail
So true! My goal is to de-dramatize as much as possible. Sometimes hard for a self admitted control freak, but so much better in the end...
The problem is that a lot of new agents watch reality TV and think it is how real deals happen.
It NEVER ceases to amaze me how un-professional many in this industry are. From not knowing what is in a standard contract, to not knowing how to add and subtract, to you name it.....and they all end up yelling at me for their mistakes. Everytime I think I've seen the worst....another agent tops it. :(
I want to see some screaming, cussing drama queen agents on here defending themselves, but I suspect they don't even recognize it in themselves.
I suppose we have all run into them. Maybe Anger Management Programs can be counted in the future for elective continuing education for agents! Dramaless transactions are fabulous and I make sure the other agent knows what a great exprience it was working with them!
I tell my agents that they need to be proactive with their clients and the other agent (and the lenders if it is a short or REO) to see the deal signed, sealed and delivered. Since we are bound to use lawyers for closings in MA, it is essential to become their partner and work closely with them also. We have a Gold Services Platform that provides one stop shopping for our buyer clients, so we also stay very close to them during the entire process as we assist them with financing, home owners insurance, title (in some states), connection services and relocation (moving and storage).
Richard - I love working with professionals...those agents that work hard and responsibily for their client and to get the transaction done smoothly. It is so nice to close a transaction where there is no drama involved!
Congrats on your feature!
The agents involved in the transaction are responsible for making the process smooth and easy or rough and tough with problems every step of the way. I love working with an informed and competent agent!
Richard, well said! I leave the drama to the theatre..where I used to work prior to RE. Great post.
It's hard not to laugh sometimes at the things other agents cry and whine about...it just makes it twice as hard to finish close. Working with true professionals makes our jobs much more enjoyable!
I try to save my yelling, screaming, and cursing for behind closed doors :)
Although I am pro-active I have also learned not to let the problems and issues eat at me. Many things can and will go wrong. The escrow will usually close one way or another. I have had very few fall out and in those cases it was truly beyond my control.
Even the most complex transactions can go smoothly when the two agents perform in a professional, competant, pro-active fashion. I've been in real estate for 20 years and learned early on that most issues are temporary and fixable.
Good post!
Richard,
Good post. I've been fortunate to deal with mostly professional agents but have had a few problem ones. I like this comment...
Make sure you swear at that lender...that will make the loan commitment smoother.
I try to live by the advice of focusing on what I can control and forgetting the rest.
I agree 110%. Lately I have come across more than my share of unprofessional agents.
In the words of my buyer in an e-mail I got yesterday: "You have been exceptional and patient. Too bad the same cannot be said about the seller's agent. No class and unbecoming."
And the buyer only new 10% of what was going on behind the scene. They didn;t even know that this agent relisted the hosue while it was still in contract.
Unbelievable bad experience.
Hi Richard, I've found that having good people on both sides of a deal usually makes for a successful and fun closing. When problems/issues arise it is critical to address them quickly !
There so much difference when you have a professional on both ends of the transaction! Agents can make problems for a deal because they actually get in the way, or do not do their job, or ignore a problem. It happens way to much.
There have been quite a few people that I wanted to cuss out (I can swear like a sailor if you get me started) but I haven't yet.
A good working relationship with an efficient, professional agent who knows what they are doing is worth its weight in gold.
Richard,
You are a professional! Congrats on the feature post.
I agree. Reality TV and financial stress cause many agents to turn into drama kings or queens.
Great post Richard!
Great post. I agree with you completely. And I like no drama as well.
I agree, Richard! Thank you.
Transactions can go smoothly. Drama is for the agents with limited skills.
Extremely well written. Extremely valid points. It's a series of roadblocks that must be navigated on the way to your negotiation.
Being cooperative and professional is like bees to honey! You may have to zip your mouth sometimes however!
Ty
GOOD MORNING RICH! Wonderful! Professional agents don't lose sight of the big picture and that's why they can do everything you wrote! -- Gab
Richard, yep the drama queens (and kings) are sometimes the ones that are remembered and that's a shame. Cooperation should be utmost in everyone's mind to get the job done.
Very true Richard. If people were just rational and did what they say they are going to do: there would be lots less drama.
I'd almost be willing to take less money than have an unprofessional prima donna on the other side