Author Bio: YFS is owner and author of Your Finances Simplified. He was born and raised in West Philadelphia and is now a financial adviser, IT contractor, landlord, and treasurer of a non-profit. He created his blog partly due to his desire to help people with their finances.
It may be interesting to note that surveys show that one of the professions that people trust the least are real estate brokers. So it’s quite possible that real estate brokers, no matter how trust worthy they really are, tend to be approached by buyers with care because of the social stigma attached to them. In some cases, buyers (the spiteful kind) may even choose to have the broker run around in circles for them, just for the fun of it.
If you’re one of those people who feel like taking real estate brokers out for a ride, or if you just unknowingly have the habit of annoying them, below are the top three things your broker absolutely hates about you:
When You Shop Around Without Plans To Buy
Here’s the scenario: the buyer introduces himself to the real estate broker and expresses his desire to buy a new home. Naturally, the broker would do his best to assess your need and show you properties in his listing which you might be interested in.
Normally, brokers will ask you how soon you need to buy the home, and the problem just starts here. The buyer (perhaps you), would feign a sense of urgency, telling your broker that indeed you’re in the market to buy a home as soon as you find the one that fits your requirements. So the broker breaks his back touring you around different neighborhoods, showing you different properties, even introducing you to different financing schemes, only to find out that boom! You’re planning to buy a house perhaps two or three years down the road.
Ouch. Talk about time and effort wasted on the broker’s part. If you’re really a good person, tell your broker honestly when you really plan to buy. Anyway you can always postpone your grand tour to buy properties at the time when you’re really serious about buying.
When You Cancel Appointments At The Last Minute
Nobody likes being canceled on, whether it’s being stood up on a date, or being shot down on a business deal over the phone. Believe me, your broker hates it when you cancel house viewing appointments at the very last minute, especially if you do it several times in a row.
You might be thinking, it’s just a house anyway, it’s going to stay there whether you go today or not. Although that’s true, you do have to realize that some sellers still live in their house during the period that they’re selling. So the seller, and most probably the broker would have spent all the time just fixing up the place to make it look neat and tidy for your eyes. Plus, you have to take into consideration where your broker lives.
There’s a minimal chance that they live in the same neighborhood as the property. And it’s possible that they’ve traveled several miles just to accompany you to the viewing.
And finally, sellers who are expecting a buyer might just turn sour on the broker who keeps cancelling on them. The sad part is, it’s not even the broker’s fault – it’s yours. The next time you cancel appointments, make sure you do so at least the day before.
When You Don’t Pick Up
And finally, the most mortal sin that any buyer can inflict on their broker is when they no longer pick up. This hurts many times over if you and your broker have already gone around checking different properties in several areas.
What makes it hurt even more for your broker is when you’ve expressed a desire to purchase a property, and you leave the broker with the hopes of you actually buying. If you don’t know how this feels, just imagine being dumped by a girl you’ve had a crush on since high school.
Keeping communications with your broker would help ease their minds. Telling them you’ve decided to put house shopping on hold for a while, or telling them that you’ve decided to buy another property is a whole lot better than leaving them hanging and calling your phone every now and then.
So if you notice these behaviors in yourself while you’re house hunting, then you might want to cut your broker some slack. After all, they’re still humans just doing their job.
photo credit – flickr skyfaller