How Realtors Screw Their Clients7/13/2017
Interesting headline right? I get asked sometimes what Realtors are like. Are they honest or just money hungry?
The truth is, most Realtors are good people, with a good ethical and moral core that seek to do right by their clients. However, there are a few who I wont name (publicly) that really don't do right by their clients, and here is how. (Naming them publicly is just inviting a lawsuit)
When you list a home, its the Realtors job.....remember, you are paying them.....to market your home with the expectation that their marketing efforts will ultimately get it sold.
What gets homes sold is good marketing. Having plenty of pictures on Zillow, Trulia, the MLS, and every other site.
Now lets back up a second. Realtors are required to have at least 1 photo under a listing in the MLS or we get fined. That's why there is always a 1 photo minimum.
Back to what I was saying. If you see just 1 picture of a home in your price range and in your area, you're going to be far less likely to want to view that home than if it has 25 photos. Most people don't give a home with 1 picture any thought or consideration.
So our area has about 3-5 Realtors who consistently put 1 photo on a home when they list it. The result is their homes sit longer and sell for less. Are there legit reasons for putting just 1 photo? Yes. However, this small group consistently doing it are lazy and doing the bare minimum and frankly screwing their clients.
Example: I had friends who sold their house and I watched it in the MLS. In 6 months, it never had 1 interior photo despite having a beautiful kitchen and bathroom. It was listed by one of those above mentioned Realtors. It finally sold for about $20,000 less than my valuation. They walked away from their mortgage instead of walking away with 20 grand in cash. Sad.
We'll talk about other ways Realtors can screw you that I see another day. Like I said, most are amazing people, but there are a few I wish we could run out of the profession.