Stick
Phoenix,#2Consumer Suggestion
Mon, December 13, 2004
Susan you seem to not like what I posted. I have a problem with people that want to lie just to make a fast buck. I am not a real estate agent. I do not have industry inside info as to what a home is worth. I agree that the home that I owned needed some work. My problem is the lies that I was told. The now home owner told me Fay told him that I cut the power cords to the 220 volt cord to the dryer. She wanted me to sign a selling contract behind my wife's back. She kept telling me that I did not need my wife's signature because my wife was not on the deed. Why would an agent not want my wife to see what she wanted me to sign? Was real funny how she wanted me to sign it REAL FAST! Sure seems funny that she wanted her husband to see all documentation that she had plans to sign before she signed anything. Why is it that she insisted on being at the home to have a chat with the appraisal guy when the home was about to have a market value placed on it? Maybe she wanted him to low ball the value on the place, Then cry that she was not going to pay the amount in the contract and hope that I would sell it for less! I now know that a home seller should NEVER sell their home to an agent. Agents might have an inside scoop and have plans to flip it and grab some equity that the home seller did not know they have. I contacted the people at http://www.re.state.az.us/ they said no biggie as to my complaint. It's OK for an agent to try to get doc's signed without both parties involved. It's OK that an agent to have a behind the house chat with the appraisal guy before buying a home from a seller after a contract has been signed! It's OK that an agent tell a few fibs when trying to buy a home from a seller. It's OK that Fay did not disclose on the purchase and sale agreement in writing that she was an agent as required by the rules of the Arizona Department of Real Estate! What's up with all of these OK's? She represented to me that she was buying the House so her brother-in-law could rent it from her. Had I known that she had plans to flip it I would have known that I was leaving money on the table! I should have ripped the contract she wanted me to sign in half and hand her a piece of it and should have told her to bug off! To all home sellers: Before you agree to sell your home to a real estate agent call many other agents and act like you want them to list it. Ask them what would they do to market your home and what are the comps in your area. Treat them like FREE labor and ask them to do all kinds of homework for you. Ask them to show you what they would do to sell your home. Run them all ragged like a used car salesman and then kick them to the curb! Find an agent that only wants to list it not one who wants to buy it from you. I feel if an agent wants to buy a home from a seller they are only buying it because they have plans to "Flip it" and grab some cash that the seller does not know about! So much for an industry being regulated! Susan in Phoenix, Arizona you ask if I handle the family finances! Yes, I do. I am willing to bet I have a higher FICO score then you do. I am willing to bet that I am in a much better financial situation then you are. What kind of sled do you drive around when you go out to play the real estate game? Do you make car payments? I don't. I just screwed up by selling my home to an Agent. I should have fixed up the place and sold it to a person that was NOT in the real estate industry. Again, so much for an industry being regulated!
Susan
Phoenix,#3Consumer Suggestion
Sun, November 28, 2004
This scenario is not a new complaint. I am an ethical, experienced realtor and I have heard this same story with variations ever since I started in the real estate business 15 years ago. It still amazes me that people like 'Stick' can be so careless when it comes to their biggest asset, their home. Number 1, from your own statement, your first conversation with Ms.Fay was asking her about the market conditions in your neighborhood, so she must have introduced herself as a real estate agent. You were aware of that fact from the beginning. Number #2, You had already opened escrow on another house, so you were in a hurry to sell your house, even though as say you were in the midst of remodeling and "the house needed some work and landscaping". Number 3, Ms Fay stated her intention of buying your home. That means she was representing herself in this transaction, not you. Number 4, It appears that you considered yourself competant to purchase a home without professional advice or representation and you also considered yourself competant to sell your house without advice or representation. Let's do the math here, you thought you were cheated out of $42,000, That's 30% of your home's value. Realtors advertise their professional services at 4-7% of a home's selling price. So, if you had the sense to hire a professional to advise you, market your home, and represent your best interests in the transaction, would you have been way ahead? DUH? and DUH!!! Sour Grapes, "Stick", Bet now you regret you were too cheap to pay for advice. Now you would rather pay a lawyer!!! Note to Mrs "Stick"--You handle the family finances!
Susan
Phoenix,#4Consumer Suggestion
Sun, November 28, 2004
This scenario is not a new complaint. I am an ethical, experienced realtor and I have heard this same story with variations ever since I started in the real estate business 15 years ago. It still amazes me that people like 'Stick' can be so careless when it comes to their biggest asset, their home. Number 1, from your own statement, your first conversation with Ms.Fay was asking her about the market conditions in your neighborhood, so she must have introduced herself as a real estate agent. You were aware of that fact from the beginning. Number #2, You had already opened escrow on another house, so you were in a hurry to sell your house, even though as say you were in the midst of remodeling and "the house needed some work and landscaping". Number 3, Ms Fay stated her intention of buying your home. That means she was representing herself in this transaction, not you. Number 4, It appears that you considered yourself competant to purchase a home without professional advice or representation and you also considered yourself competant to sell your house without advice or representation. Let's do the math here, you thought you were cheated out of $42,000, That's 30% of your home's value. Realtors advertise their professional services at 4-7% of a home's selling price. So, if you had the sense to hire a professional to advise you, market your home, and represent your best interests in the transaction, would you have been way ahead? DUH? and DUH!!! Sour Grapes, "Stick", Bet now you regret you were too cheap to pay for advice. Now you would rather pay a lawyer!!! Note to Mrs "Stick"--You handle the family finances!
Susan
Phoenix,#5Consumer Suggestion
Sun, November 28, 2004
This scenario is not a new complaint. I am an ethical, experienced realtor and I have heard this same story with variations ever since I started in the real estate business 15 years ago. It still amazes me that people like 'Stick' can be so careless when it comes to their biggest asset, their home. Number 1, from your own statement, your first conversation with Ms.Fay was asking her about the market conditions in your neighborhood, so she must have introduced herself as a real estate agent. You were aware of that fact from the beginning. Number #2, You had already opened escrow on another house, so you were in a hurry to sell your house, even though as say you were in the midst of remodeling and "the house needed some work and landscaping". Number 3, Ms Fay stated her intention of buying your home. That means she was representing herself in this transaction, not you. Number 4, It appears that you considered yourself competant to purchase a home without professional advice or representation and you also considered yourself competant to sell your house without advice or representation. Let's do the math here, you thought you were cheated out of $42,000, That's 30% of your home's value. Realtors advertise their professional services at 4-7% of a home's selling price. So, if you had the sense to hire a professional to advise you, market your home, and represent your best interests in the transaction, would you have been way ahead? DUH? and DUH!!! Sour Grapes, "Stick", Bet now you regret you were too cheap to pay for advice. Now you would rather pay a lawyer!!! Note to Mrs "Stick"--You handle the family finances!
Susan
Phoenix,#6Consumer Suggestion
Sun, November 28, 2004
This scenario is not a new complaint. I am an ethical, experienced realtor and I have heard this same story with variations ever since I started in the real estate business 15 years ago. It still amazes me that people like 'Stick' can be so careless when it comes to their biggest asset, their home. Number 1, from your own statement, your first conversation with Ms.Fay was asking her about the market conditions in your neighborhood, so she must have introduced herself as a real estate agent. You were aware of that fact from the beginning. Number #2, You had already opened escrow on another house, so you were in a hurry to sell your house, even though as say you were in the midst of remodeling and "the house needed some work and landscaping". Number 3, Ms Fay stated her intention of buying your home. That means she was representing herself in this transaction, not you. Number 4, It appears that you considered yourself competant to purchase a home without professional advice or representation and you also considered yourself competant to sell your house without advice or representation. Let's do the math here, you thought you were cheated out of $42,000, That's 30% of your home's value. Realtors advertise their professional services at 4-7% of a home's selling price. So, if you had the sense to hire a professional to advise you, market your home, and represent your best interests in the transaction, would you have been way ahead? DUH? and DUH!!! Sour Grapes, "Stick", Bet now you regret you were too cheap to pay for advice. Now you would rather pay a lawyer!!! Note to Mrs "Stick"--You handle the family finances!
Bob
Albuquerque,#7Consumer Comment
Sun, October 31, 2004
I am not defending Ms. Fay's actions in any way. You are right to go to the Board of Realtors and possibly criminal activity. But, 1. You accepted the offer and sold the house for $140,000 without, apparently, even talking to to another realtor or even checking the internet sites like realtor.com or something similar to see what house prices are in your neighborhood. 2. Why didn't you get a 2nd appraisal but not tell her about it? 3. Then Ms. Fay sold the house for $182,000. I am unclear on one thing here. You were doing work on the house and you sold it 'as is' so Ms. Fay bought it. How much money was put into it to make it more salable? How much went for commissions? The problem about the dryer is at worst Ms. Fay's responsibility. Ms. Fay sold HER house not YOUR house so she is responsible for what she sold, not you. It seems very unusual to go back 2 owners of the house to fix a problem. This probably isn't true but I still wonder, could she be libel for telling someone else something false about you (cutting the power line?) From your article she does sound quite unethical to say the least but before you sold your house you also had a duty to see what the prices were in your neighborhood. AFTER you sell your house is the wrong time to be seeing what it was worth and complaining about it. Sorry on that point.