Source: Greater Fairfield County CMLS, HOUSES Sold = Single Family, Multi-Family, Condo/Co-Op
Somehow, we got onto the topic of the Realtor who sold my friend’s last house (she recently moved to my town from another state).
She mentioned that she felt like she “fell for” her Realtor’s sales pitch.
Her Realtor was a top producer in her area. Her sale signs were all over town. This Realtor said that by signing with her, my friend would be guaranteed a lot of hands-on service since this Realtor had a whole team of agents under her that would tend to my friend’s needs AND she’d be guaranteed a lot of buyer foot traffic. Because the Realtor and her team had so many listings, they met a lot of buyers shopping for homes. She guaranteed a steady stream of buyers coming to see the house.
It all seemed to make sense to my friend and she signed up with this Realtor.
After several months, she found she had barely spoken to the Realtor (or anyone on the team) because they were very busy running their “big” business. She also noted that the Realtors actually showing her house were predominantly from OTHER companies and NOT this agent or her team.
She said in retrospect, she wished she had gone with someone who handles all their clients themselves. She said she felt like she got “lost in the shuffle” of this big team.
So, if you are listing your house, give serious consideration to the type of Realtor service you prefer…well-known around town or smaller and focused on you.
Only you can decide which option is best for you.
Every three years the Federal Reserve conducts a Survey of Consumer Finances in which they collect data across all economic and social groups.
One of the facts that came out of the study was a bit startling…
It seems that over 61% of an average American family’s net worth is in their home equity. That attributes to the disparity between owners and renters net worth.
To all the renters out there…perhaps it’s worth speaking with a mortgage professional to see if you can buy.
Today is my 10th wedding anniversary.
I woke up to these on my kitchen table.
I think I am going to spend the day thinking about how lucky I am.
I’ll be back tomorrow with something real estate related.
These rotten jerks steal pictures and listing information and then use that info to post their own fake rental listing. The fake rental listings are usually priced at about 1/3 the price of the legitimate listing.
I know because this just happened to one of my rental listings.
I posted a listing for a lovely rental in my town. I put the listing in all the usual places…the MLS, Zillow Rentals, Trulia Rentals and Craig’s List.
Within a mere 12 hours, some RAT took my info and posted the same listing on Trulia for $800/month. The real listing…my listing…was for $3,150/month.
Needless to say, the offers came pouring in within a few hours. I knew what happened immediately and reported the offending party. Trulia took the fake ad down immediately.
All was back on course…for about a day!
The same rat took the same info and posted another ad. Unfortunately, some poor unsuspecting person took the bait and wired this jerk a few hundred dollars. When she realized what had happened, she did some sleuthing and realized I was the owner of the real listing.
She called me and explained her plight. I tried to help as much as I could, but at that point, the damage was done. She was out a couple of hundred dollars and the rotten guy made off with her money.
I truly believe (and hope) there is a special place in hell reserved for these crooks.
Anyway, if you are in the market for a rental, do your research. If something is listed on your local MLS, it’s probably okay.
BUT, if something is on a non-Licensed Realtor-governed site such as Trulia, Zillow, Craig’s List or any of the hundreds of others, just google the address of the rental. That should turn up a lot of info. If you notice two identical listings for vastly different amounts, the cheaper one is probably a scam.
If something is represented by a licensed Realtor, you are most likely in good and reputable hands. If a listing is by the owner, you still may be okay, just be doubly sure the person who says they own the property actually owns it. One telltale sign is when you are renting a house in Westport, CT and the owner’s cell phone is in Georgia. Not impossible for it to be real, but a definite sign that it may not.
The real discerning factor is if purported “owner” asks you to send money BEFORE you’ve even had a chance to see the place. If they do, run away fast! No honest person is going to ask you for money BEFORE you see a home.
Anyway, these scams are getting trickier and trickier and these thieves are getting pretty sophisticated.
Read through it and keep yourself (and your money) safe!
This white front door is so simple, yet at the same time it is so dynamic.
You can look at many other pretty front door colors I have featured