Wednesday, January 07, 2009

Why am I so hard on real estate agents?

Example 1:

7524 LINDEN AVE, Citrus Heights, CA 95610

List Price: $134,500

55 days on market, 1 photo (front exterior)

Description: "Escrow fell! Your buyers gain!!!! Fannie mae owned. This home is a fixer and is located close to freeway, and shopping. A great investment opportunity!"



Yes, Mr. or Ms. Realtor(TM), let me just play phone tag with my agent who will play phone tag with you to arrange a showing, schlep three or four people across town, and waste an afternoon discovering that, no, it isn't actually a fixer, it's a tear-down. Because that is so much more efficient than YOU actually wasting YOUR time writing up a description of the property and/or taking a couple more photos. For your measly $2,000 cut of a measly $8,000 commission, yes, I can understand that you don't want to actually work more than an hour. My gosh, if you put in a few hours taking pictures and writing a complete and accurate description, you would only earn the hourly rate of a neurosurgeon, and no one wants you to lower yourself to the hourly wage of the riff-raff doctors.



Example 2:

7606 GRANITE AVE, Orangevale, CA 95662

Appears to actually be 7546 Granite Ave, which one can ascertain now that there are actual photos of the house in MLS.

List Price: $310,000

114 days on market as of today

1 Picture - of the chain across the end of the drive - when the house came on the market. First, the agent tried cutting the price, twice. Later - just a couple of weeks ago, after sitting on the market for about 100 days, the agent actually posted photos of the house.

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