Are Good Real Estate Agents Hard To Find
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I am fairly lucky investor to have a very good seasoned broker who does spend time with me. I recently have been looking in far away areas to invest in and had to look for another agent.
Every time you start investing in a new market it requires a lot of research. The best way to learn that market is to find some one that deals in that market everyday and actually lives there. A real estate agent can provide all of that information for you. The tougher part is to find the right agent for your particular needs. I have noticed that recently it has become a lot harder to even get a hold of one.
I sat down with my agent to find out why most of the agents do not respond back. she basically told me that she spends all of her time getting the bank owned properties ready to list like most the agents out there. The bank not only require initial setup time but reoccurring time and continuing updates on all their properties. Every agent out there has such a large inventory and are beginning to hire more help to stay to just stay on top.
My personal Realtor has her own little office in the downtown area where I live. She is the only agent in her office at the moment. Currently she has at least fifty bank owned properties the last time I checked. I know she is just plain swamped and she only has one secretary. I mean two people are dealing with that many properties is just crazy.
These banks are putting such a burden on these real estate agents. They should at least listen to the agents so they could move the properties. Of course, they don't listen and they overprice everything. Over pricing is bad enough but not willing to negotiate is just plain wrong.
I have to say that these real estate agents are probably going insane with all the work from the banks. In some areas the banks are trying to move their inventories by discounting them by high percentages. In other areas they won't even discount them at all. They out right will not even open the lines of negotiating without getting their asking price. What are these banks thinking?
The heard of real estate agents is starting to thin in many areas. The amount of work without getting anything in return is hard on anyone. It will bring to light all of the hard working and dedicated agents out there.
The day that the banks start moving their prices down real estate agents face's will be filled with smiles. Finally that huge inventory of homes they list will start moving and money will start flowing back into their pockets again.
I would not blame the realtors to much if you are trying to put offers in. They are stuck between you and the banks. Just keep on trying and if you are intent someone will give you the time of day. I am not trying to say all realtors do not call you back. I'm really just saying that they are very busy and have no time.
Article Source: Articlelogy.com
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