Agents Should Call the Listing Agent Before Writing an Offer
A buyer’s agent made me laugh out loud yesterday when he said, “You’re so famous I can’t believe I’m talking to you; you’re everywhere online.” I get a big kick out of that kind of reaction because I truly don’t see the celebrity perception that some people form. I’m just a Sacramento real estate agent who writes about real estate every day and sells a bunch of homes in Sacramento every year. It’s not like I’m on TV or anything. I’m not a best seller at Amazon. I put my pants on one leg at a time like most people — mostly because I’m too old and cranky to jump into them with two feet like some 20-year-old surfer dude.
I call a lot of buyer’s agents these days, especially when I see they have showed my listing, for example, on which almost every buyer who sees it wants to write an offer. I figure it’s better to discuss the situation upfront. Text messages and email are all too easy to ignore. But a phone call is kinda jarring to many agents; it’s too personal, I sense, whoa, what is this sound? My phone is ringing and I’m in the middle of playing Plants vs. Zombies, the new Beach wave. What the?
I call agents because I figure it’s better to talk to them before they write an offer. So many never call the listing agent to get more information or glean insight. If I don’t talk to the agents, they’re left staring at their buyer’s bright and shiny face who asks, “How much should I offer?” And the answer appears to be: Whatever you want. I get offers all over the board these days, and some are pretty wild.
Much of this confusion, not all of it, unfortunately, would be resolved if the buyer’s agent would just call the listing agent before writing an offer. One question to ask is how many offers do you have or have you received? That would shed a lot of light on the situation. Without breaking fiduciary to her seller, a listing agent can also help guide the buyer’s agent to writing an offer that is likely to get accepted.
There is always more behind buying a home than numbers and pictures. There are people involved. It’s not just an address with four walls and a roof.
My focus is to make the seller happy and get the seller into escrow and closed. I don’t mind calling buyer’s agents and talking. It’s how we used to do business in the old days before agents threw offers at the wall to see if anything sticks and then resumed reading Facebook.