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Old 06-08-2018, 02:59 PM
 
Location: Back in the Mitten. Formerly NC
3,819 posts, read 4,876,548 times
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My agent vetoed more stuff than I did, lol. The inventory was incredibly low when I was shopping, so I was starting to get creative. He knew they were all things I'd regret if I did bring myself to purchase one of them, so he basically talked reason into me instead of humoring me and showing me the houses.

There are better agents out there. Ones who listen and know what you are looking for. Ditch yours and find one of the good listeners.
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Old 06-09-2018, 07:26 AM
 
887 posts, read 463,595 times
Reputation: 2999
Quote:
Originally Posted by MikeJaquish View Post
You are wise to not max out. Stand your ground.
(Wow. In the context of "real estate = the dirt" and "putting your foot down," that pun works on a couple of levels. )


I usually ask a client if that $200,000 price is absolutely rigid on the List Price, or if I can show them a house that ticked off all the boxes, if it is listed at $205,000 but I thought it can be acquired within their price range.
And, I would honor their response.

There is no excuse for the agent to try to push you past your comfort price range.
You are a good businessman then. Showing me something that is outside my price range or grossly outside of my requirements then you are wasting time for the both of us. Realtors also need to put their foot down sometimes too and say that the types of homes and/or conditions might not exist at a certain location at a certain price point. Obviously those with more money have more options, and some people can simply build-to-suit, but the average buyer of an average middle class home will have to make some sort of compromise regarding their wish list.

It should be good practice for real estate agents to have a chart they give to their buyers where they can insert a list of "needs", a list of "would likes", and a list of "absolutely nots". Then figure out their price point, figure out how flexible they can be on that, and see what you can do. For me I didn't really have a time frame so I could wait a little bit for what I wanted, but I wasn't all that picky anyway, just needed a roof and to not pay rent like the OP said.

I was also willing to be a little bit, but not too much, flexible on price. If a property was really, really, really worth it as well as a good bang-for-buck, I would stretch my budget, and I was in the same boat where I qualified for something like $320k when I was looking for homes under 250k at the most and ended up buying at ~225k. Just 4 walls and a roof and it happened to be in a great street in a good area which was one of my primary concerns (I'd lived around enough dirtbags in the apartments to have to do it more permanently, no thanks).
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