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當與任何人有利害關係,都很難做朋友。

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i think before you choose your friend as your agent, you need to know what is his style, and how well is he doing his job.
I used a friend as real estate agent, he is so green, but that is why he can spend so much time on my case.  the deal didn't go though but i am happy with his service.  i chose him  because i know he is a honest and responsibility person.  
the experienced one usually is really busy, he may not have time to address all your concern, or sometimes you just deal with his assistants.

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i think before you choose your friend as your agent, you need to know what is his style, and how wel ...
tofu 發表於 2010-7-15 20:31

Well said and agreed with u!
Kelrich: totally understood what u mean and your situation. Lots of Sellers just thought bargain of agents commissions and pick the cheap agent but they forgot the BIG lump Sum $ of their own property is also really important!

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朋友就係朋友,一切同金錢有關o既都盡量避開,有利益就有機會傷到感情o麻....

Hope you two can get over with this.
我唔係食家,只係一個Foodie啫~ :D

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Long time no see Kelrich...

Philip

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本帖最後由 kelrich 於 2010-7-16 00:20 編輯

I ended up not extending the agreement with my friend after 6 months; granted the market is not hot for the past year or so for condos, my unit was the second longest active listing since 2010 and she blew one and only offer (see below). As it was my parents' property, I took a lot heat from my parents. Tofu: I had the same thought initially I hired my friend, she was "green" and she indicated she will commit to all the appointments and will do the best she can to follow up on all the leads. The problem is she doesn't have any resource and requires our support (for one, she got us paying $3K for hiring a staging company to decorate the place - which was a total waste and many realtors can arranged some furniture as props without such hefty investments from sellers ). She doesn't have anyone to support her or even have marketing strategies like websites or ads. I couldn't argue her passion with the job but like what I said, she doesn't have the resources. I am partly blamed for not doing my due diligence to determine whether her personality suits the role or her ability to handle the service (another e.g., we did had an offer come in; after she emailed us an offer around 6pm, we couldn't reach her by phone nor email for the instant 4 hours because she had silenced her phone watching a 4 hour movie). For some "mis-communication" issues, the buyer pull off the offer. Now I just sold the condo but its about 6% less than the previous offer back in Feb as I hired an experienced realtor who I don't know but specialized in that area.

Here is the part that you might ask: "how is your friendship with that realtor after"?

After I told her my family will not renew the listing with her (via email in semi-formal way), she offer a reduction of her commission (I refused as I don't see any advantage of doing this if I can't trust she can sell the place). After we met to have her return the key (she had been delayed the appointment 3 times which one of them due to her party), I had no longer talked to her (nor she is on MSN) for about 3 months. However, as soon as I posted on my MSN that the unit was sold, she started to surface on MSN asking me how I managed to sell it, why my parents are willing to reduce the price further, and she even asked me to provide her any marketing documents from the other realtor so she can "referred" to. In all, this becomes a business opportunity networking. I can't guarantee she will fail in this business down the road nor I won't conduct business with her forever, but the friendship is non-exist the moment she became my realtor and exposed her issues which I still shake my head everytime thinking about it.

This is a good discussion. Started as a topic about hiring a realtor which can be applied to other professional services. Though I probably open eda big can of worms about how catastrophic it can be to conduct business with friends, I do have some experience having friends/relatives for other services with very good results and which I recommended to my friends.

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Long time no see Kelrich...

Philip
pkphilip 發表於 2010-7-15 23:55



    LOL... yeah... Phil

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That's pretty bad... I am a bit surprised that your friend being such a green realtor didn't have a much more experience realtor as a partner/mentor.
My friend who was starting 3 years ago had one. And she seems to be doing good now. I may /may not use her as mine in a few years time when I can upgrade to a bigger place.
I guess if someone takes partying and movie as more important than helping their client to finish up the selling, she may not be suitable for this field.
(seeing my friend frequently step out from dinner and missing some of our gatherings because of showing time)

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Friends係有好多種
To find worthy friends就真係好考眼光
你好嬲呀?

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Do you guys find it hard sometimes though because it's your parents that will always want to force you to find friends/families to do things like this?

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