agent – DoingItLocal

SCAM ALERT!!!!

This is just another in a long list of reasons to ONLY work with a licensed Real Estate Agent.

I have been getting emails from people about this, articles from other parts of the country and lately a few calls at the office. Tonight it hit home. I listed a lovely home in a beach area of Milford this week. The owner just called me and said that someone drove by after I left the open house and asked the neighbor if the house was for rent. The neighbor said no it’s for sale why? “We saw it for rent on Craigs List”.

Now, I know some agents put their listings on Craigs List; I do not and I don’t see any reason to. We have so many avenues to advertise a listing and quite frankly there are far too many scammers out there. It’s a hit and run type of thing. They list it for a couple days if they get a bite they take it and then delete it. I just looked and it is no longer there. I have a bad feeling someone is out some money. Does it happen on some other sites too? Of course; that’s why I always say, use a licensed real estate agent.

Here is how it works. Ad says “Lovely 3BR home for rent with views of beach; within walking distance. Available weeks _________ and ___________. Call (out of state owner) at 555-555-5555 to reserve.” When you talk to them they tell you to send them a bank check for the week, month, whatever. I mean, they don’t know who you are, how do they know your check will be good. They then tell you, after they receive, they will call you to let you know where to pick up the keys. I bet their brother or other family member lives on the same street; you’re out cash and a place to hang your hat.

This doesn’t just happen with vacation rentals. Long term rentals too and I can understand how you can be rooked into these things. Some people, in this economy especially, are having a hard time getting a landlord to give them a chance, especially if you have lost a home, are unemployed or just building your life back up. It’s very tempting to fall for someone that sounds so understanding over the phone. DON’T DO IT!! Oh, and don’t fall for, “I’m renting it for my mother, my cousin who is serving in Iraq, blah blah blah.” It needs to be done in person, see the place, proof of ownership and/or power of attorney for the owner.

There is a very easy way to check out and see if someone is legit too. Go to the town hall and look up the tax record, see who owns the property. It takes about a minute and could save you a lot of money, time and disappointment. But, the best way to do this……..USE A LICENSED REALTOR. If we have done our job, we already know all this. You can rest assured that the rental you are paying for will be the place you lay your head at night.

It’s amazing how many times you will hear this, especially before people find out you are an agent. I’m not sure how dealing with a Realtor ended up in the same category as going to the dentist. Since when did hiring someone trained and licensed to help you make the biggest purchase of your life become synonymous with someone who wants to put a drill in your mouth? People will hold off getting an agent until they no longer have a choice. No offence, but it’s a really bad strategy.

Explain to me exactly what it is that you are so adverse to. Expert advice, experienced insight, another set of eyes that can see your 3 year old about to grab the cats tail, the chauffeur? Are you adverse to having someone explain to you why getting pre-qualified is the first thing you should do BEFORE looking at that $700,000 house you have your heart set on? Or why buying the house right next door to the school is not a good idea if you have to be on your way to work no later than 7:15? Or, could it be that 3 page document they want you to sign before stepping inside one house? I mean, “why should you have to sign a document just to see houses?”.

First of all in the State of Connecticut it is REQUIRED. Selling a home is not like selling paint. There is a reason that licensing is a requirement, classes and mandatory continuing Ed classes. This IS the biggest purchase most people will ever make in their lives. It requires lawyers, legal town documents, sometimes town board approvals and variances. It’s a big deal. It requires each party to be legally represented by your own people. You do want people on your team to work for you and look out for your best interest right? That 3 page document does that.

If for some crazy reason a realtor chooses to take you to see houses without that document, he/she legally represents the SELLER as soon as they walk in the door. Not you, because you didn’t want them to and you will have to sign a waiver stating such.

Lastly, as a sales person we don’t get paid by the hour. We only get paid after a sale closes. How would you like to spend weeks showing properties to a client only to have that client turn around after finding the house they want and giving the sale to their cousin Fred? Do you think that would be fair? Of course not. We only have your best interest at heart and rely on you being a satisfied customer; satisfied customers make recommendations and remember us when they are ready to move up or down.

All that being said, when you hire someone to help you sell or buy a home, you are inviting them into your lives. Know who they are. Go to LinkedIn, their facebook business page and their website. Read their bio’s check out their recommendations and feel free to interview them. You are going to be spending time with this person, be fair to them, look out for yourself and always use a licensed agent.

http://www.coldwellbankermoves.com/Cynthia.Penkoff

http://www.facebook.com/CindyPenkoffRealtor

http://www.linkedin.com/in/cindypenkoffrealtor

Tag: agent

Buyer Beware; that goes for renters too.

I Don’t Need An Agent