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#14242 - 12/13/06 02:01 AM Re: When to cut the "buyer" loose!
super realtor Offline
Major Contributor

Registered: 05/01/05
Posts: 8596
Loc: georgia
I can appreciate that opinion........However as agents started out you are an independant contractor running your own business.Over 80 percent of agents fail in the first year and it's not because they have a lack of desire to succeed........it is because they are undercapitalized which is why most businesses fail.Having owned multiple businesses before you learn that every cent that is spent goes for maximum return on investment.

These companies out there prey on the newbies to buy every little gadget out there to increase there business,but most of it couldn't pass for toilet paper.Even if newbies go for a listing you have to qualify the seller,are they really motivated?Is there price realistic?

I believe it is good to get experience but if you have limited funds to start out with(this is usually most new agents)then get plenty of business off of a top producer and pay the referral fee,you will probably get a mentor out of the deal and they can show what mistakes NOT to make.

I love this board and it is interesting to hear how everyone runs there business.We all have a different style and way of doing things.It is like martial arts you can learn many things from many masters,some will work for you and some won't but you will meld it into your own style of doing things.

I hope the new agents stick with it.This is a very tough business but the rewards can be amazing!

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#461375 - 05/04/18 09:29 PM Re: When to cut the "buyer" loose! [Re: Concepts05]
stevee Offline
Junior Member

Registered: 05/04/18
Posts: 2
Loc: Florida
There was a time that I had 9 buyers and they were crazy. They lied, never follow through with my lender, they told me this much $$$ and tell me to make an offer a lot more$$$, they were working with more then one agent (include me), the homes were not facing the right direction (religious thing) and they want part of my commission. I started to drop them, one by one. Now, I have none! I dont tolerate this behavior with any buyers. You have to put your foot down and set rules.

I feet like I wasted my time and now I feel lost.

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#461387 - 05/06/18 04:01 PM Re: When to cut the "buyer" loose! [Re: stevee]
VABroker Offline
Veteran Member

Registered: 11/02/10
Posts: 1094
Loc: Virginia
I've been full time for 17 going on 18 years (although I hope to "retire" next year to part-time (in other words, work when I feel like doing it)). Years ago, when I first started, after a hurricane swept through the area, I had a buyer (overweight - we took her vehicle. I wasn't going to have my gas mileage drop to 10 miles an hour (LOL!) from 33). And, she was a nervous Nellie for sure. It seemed like she could barely handle life in general; yet, every house we looked at (many properties had been flooded and owners just walked away from it and the mortgage), she kept thinking she could "fix" this one or that one (she'd had NO experience in repairs). Plus, it had to be in a certain county. Then she decided on the next county 2 counties south of this particular county b/c she could then be 'near' her sister (who was married with kids and owned a house - never mind the fact those folks could get up one day and sell theirs). Her sister would come with us on some occasions and I just blew up one day. Her sister was a bit shocked by it...until I told her we'd already seen over 65 homes! I walked away from that buyer. She did buy about a year later in the same neighborhood as her sister. I sometimes regret walking away (because she did eventually buy) but I also did not want to go through any more time coddling, listening to her 'dreams' of what she could do (which were unrealistic) and this would have taken, what, another year?!!!!.

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