Welcome to City-Data.com Forum!
U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > U.S. Forums > Florida > Sarasota - Bradenton - Venice area
 [Register]
Sarasota - Bradenton - Venice area Manatee and Sarasota Counties
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Reply Start New Thread
 
Old 06-04-2015, 01:23 PM
 
Location: Rotonda Florida
1,393 posts, read 1,542,638 times
Reputation: 665

Advertisements

keep buyers and sellers from talking to each other? It makes zero sense to me. What sold me on the house we're buying WAS talking to the owner! Gotta be some unwritten law or something because it always seems to be the case but seems dumb to me.
Reply With Quote Quick reply to this message

 
Old 06-04-2015, 01:31 PM
 
9,837 posts, read 4,600,909 times
Reputation: 7292
it makes a lot of sense, for the RE agents... and sometimes for the buyers and sellers.

By keeping both parties apart the agents get to act like they are doing all sorts of stuff behind the scenes, but really most of that is done by the escrow /title people. The agents can get most of their work done with a few emails and a couple of phone calls.

If people saw just how little was being done in their names they would be left feeling ripped off. ( it is tens of thousands of dollars)


On the other hand there are plenty of people who would end up damaging or losing the deal if they spoke directly to the seller or buyer. Pride and nonsense can get in the way very quickly.


But legally you can contact them if you wish, but the agents will act like you just stabbed their kids.

I have done a good few FSBO and MLS deals over the years, and I get how to talk to someone who is not used to it, but others will break a $500K deal over who gets the washing machine or wanting a deck repainted.

If you do decide to get into it, just remember what your real goals are and don't sweat the small stuff, the small stuff is a rounding error, you will need to remember what your goals are and not worry about what the other guy is winning or losing...
Reply With Quote Quick reply to this message
 
Old 06-04-2015, 01:37 PM
 
Location: Rotonda Florida
1,393 posts, read 1,542,638 times
Reputation: 665
Thanks, and I suppose you're right. Some people could screw up a one car funeral!

But, as I said; my wife and I talking to the current owners is really what sold us on the house we just bought (well, it's all done except the closing). Would we have bought it without talking to the current owners? Probably, but talking to them really sealed the deal.

As for the legwork, I have a huge stack of papers that I've printed, signed, scanned back in and sent to the various people.



Quote:
Originally Posted by evilcart View Post
it makes a lot of sense, for the RE agents... and sometimes for the buyers and sellers.

By keeping both parties apart the agents get to act like they are doing all sorts of stuff behind the scenes, but really most of that is done by the escrow /title people. The agents can get most of their work done with a few emails and a couple of phone calls.

If people saw just how little was being done in their names they would be left feeling ripped off. ( it is tens of thousands of dollars)


On the other hand there are plenty of people who would end up damaging or losing the deal if they spoke directly to the seller or buyer. Pride and nonsense can get in the way very quickly.


But legally you can contact them if you wish, but the agents will act like you just stabbed their kids.

I have done a good few FSBO and MLS deals over the years, and I get how to talk to someone who is not used to it, but others will break a $500K deal over who gets the washing machine or wanting a deck repainted.

If you do decide to get into it, just remember what your real goals are and don't sweat the small stuff, the small stuff is a rounding error, you will need to remember what your goals are and not worry about what the other guy is winning or losing...
Reply With Quote Quick reply to this message
 
Old 06-04-2015, 03:15 PM
 
Location: Lakewood Ranch, FL
5,663 posts, read 10,684,629 times
Reputation: 6944
Right, we really don't do anything to earn our money so we have to keep buyers and sellers apart so neither is aware.

First, I can't speak for anyone but myself but I don't make any effort to keep buyers and sellers apart. However, I hope it doesn't happen, frankly, because the system seems to work best when there is a buffer between the two parties. If you could see how easy it is for some people to shoot themselves in the foot over simple things, you would understand why. I've had happy customers who I've had to talk off the ledge many times over between the time of the contract and the time of the closing. It may sound conceited but, essentially, I saved them from themselves and still managed for all communication to be fulfilled with all parties happy and satisfied at the end. That's not to say that there aren't times when it is beneficial for both parties to talk directly--happens often--but we agents never know (often until it is too late) which pairing of buyers and sellers are going to get along and which are going to teach the other a lesson. We are neutral and we keep the focus on getting the deal done to everyone's satisfaction. It is a method that works and it often takes place behind the scenes.
Reply With Quote Quick reply to this message
 
Old 06-04-2015, 03:25 PM
 
Location: Sugarmill Woods , FL
6,234 posts, read 8,388,430 times
Reputation: 13809
I think it has to do with disclosure of known defects. Plausible DENIABILITY.
Reply With Quote Quick reply to this message
 
Old 06-04-2015, 03:25 PM
 
Location: Rotonda Florida
1,393 posts, read 1,542,638 times
Reputation: 665
Fair enough and I appreciate the view from the other side. I suppose you see ALL kinds. I kind of expect people to be reasonable but then there's reality right?

Quote:
Originally Posted by bbronston View Post
Right, we really don't do anything to earn our money so we have to keep buyers and sellers apart so neither is aware.

First, I can't speak for anyone but myself but I don't make any effort to keep buyers and sellers apart. However, I hope it doesn't happen, frankly, because the system seems to work best when there is a buffer between the two parties. If you could see how easy it is for some people to shoot themselves in the foot over simple things, you would understand why. I've had happy customers who I've had to talk off the ledge many times over between the time of the contract and the time of the closing. It may sound conceited but, essentially, I saved them from themselves and still managed for all communication to be fulfilled with all parties happy and satisfied at the end. That's not to say that there aren't times when it is beneficial for both parties to talk directly--happens often--but we agents never know (often until it is too late) which pairing of buyers and sellers are going to get along and which are going to teach the other a lesson. We are neutral and we keep the focus on getting the deal done to everyone's satisfaction. It is a method that works and it often takes place behind the scenes.
Reply With Quote Quick reply to this message
 
Old 06-04-2015, 03:30 PM
 
Location: Rotonda Florida
1,393 posts, read 1,542,638 times
Reputation: 665
Quote:
Originally Posted by froglipz View Post
I think it has to do with disclosure of known defects. Plausible DENIABILITY.
Could be, but get this. NY has a thing where the seller pays $500 to the State and then they can't be sued for non-disclosure. We'll pay it just 'because', even though we know there's nothing wrong with our home.
Reply With Quote Quick reply to this message
 
Old 06-04-2015, 03:37 PM
 
Location: Sarasota, Florida
140 posts, read 186,838 times
Reputation: 172
Realtors have it pretty tough in my opinion - not coal miner tough but still. Here's a few reasons why keeping them apart might be good:

-Realtors are part of large financial transactions which are fraught with emotion. The buyers and sellers might both have very strong characters that don't mesh.
-The seller has a huge incentive to bend the truth because they want to sell the house.
-It introduces an unknown factor which puts their earnings in jeopardy. When your income is 100% commission based, you really try to keep communications smooth. Doing weeks of legwork only to have your commission vanish must be discouraging.

Anyway, just my thoughts.
Reply With Quote Quick reply to this message
 
Old 06-04-2015, 03:41 PM
 
Location: Native of Any Beach/FL
35,375 posts, read 20,756,414 times
Reputation: 14139
seller will spill da beans... on all that is wrong --then you won't buy!
Reply With Quote Quick reply to this message
 
Old 06-04-2015, 03:42 PM
 
Location: Rotonda Florida
1,393 posts, read 1,542,638 times
Reputation: 665
Quote:
Originally Posted by Michael Koester View Post
Realtors have it pretty tough in my opinion - not coal miner tough but still. Here's a few reasons why keeping them apart might be good:

-Realtors are part of large financial transactions which are fraught with emotion. The buyers and sellers might both have very strong characters that don't mesh.
-The seller has a huge incentive to bend the truth becau se they want to sell the house.
-It introduces an unknown factor which puts their earnings in jeopardy. When your income is 100% commission based, you really try to keep communications smooth. Doing weeks of legwork only to have your commission vanish must be discouraging.

Anyway, just my thoughts.
Again, probably all true Michael. In our case, it was a little old Italian couple who was originally from NY (Brooklyn) and we're from "upstate" NY (Pougkeepsie). He and I just hit it off and the pride he took in that house just beamed. They had it custom built in '01 and he maintained it as I would. SUPER nice people, we're going to have them over for dinner when all's said and done. While I'm a cook, I'm not making sauce.

Just worked for us, I suppose for the majority it could be a drawback. But both of us were just interested in a fair exchange, which we got.
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:


Settings
X
Data:
Loading data...
Based on 2000-2020 data
Loading data...

123
Hide US histogram


Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > U.S. Forums > Florida > Sarasota - Bradenton - Venice area
View detailed profiles of:

All times are GMT -6.

© 2005-2024, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Contact Us - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37 - Top