It’s the age old adage, “they just want your money”. And so, time and time again, many people spend countless hours plotting and scheming to try to avoid calling a professional to handle whatever ails them in an effort to save some money. But more often than not, whether it’s the plumber, mechanic, or real estate agent, the sad irony is, eventually the call will need to be made.
Here is the reality, you can’t do it all. And you should not have a problem throwing some money at someone who can do it for you — and do it well.
Are there dishonest people out there who have no intention of providing you great service or have no desire to help you fix your problem? The answer is a resounding yes. However, there are also a number of honest professionals with great integrity who are gifted at what they do and earnestly desire to help provide a solution to your problem.
As it pertains to real estate, adding insult to injury, I have seen, and been a party to, agents who minimize their services and reduce their commission or value just to get a deal done or a listing in hand.
However, any real estate agent worth their weight will, again, have their full fee thrown at them in an instant if they are providing the client with what they deserve — efficiency, great communication, good customer service, and a deep understanding and knowledge of what needs to occur in the transaction. If an agent is all those things, as my grandma used to say “baby, you can write your own ticket”.
Case in point, I recently was involved in a transaction where the seller, before she hired me, tried for years to sell the home on her own because she wanted to “save some money”. In the process of saving some money, she intentionally neglected to pay the property taxes so that she was not paying out more money on the property than the other owners who would also get a piece of the pie when the home sold. However, she failed to consider the penalties and interest that would continue to accrue over the years. In addition, now the county was ready to foreclose on her home due to unpaid property taxes. How’s that for saving some money?
There was no magic bullet when I listed the home and it sold in a matter of days to a cash buyer thousands above list price. The market is hot, and I’m diligent…that’s the magic.
Here’s another example of “savings”:
A Seller’s Internet Inquiry (Q): My husband and I have been purchasing a house from private seller (lease to buy) and it is coming very close to the end of the contract what is involved in transferring the property to our daughters name. Are there taxes or county fees we must pay?
My Response (A): I won’t wallow in what you should have done. The details of your transaction really don’t matter at this point.
Truth is, I cannot advise you. As a REALTOR, I abide by the State of CA DRE laws and regs and am bound contractually to the terms and conditions which were created and ascribed according to the California Association of REALTORs and can be backed up by a slew of real estate attorneys on their payroll. If you had a question which fell under any of those terms, a REALTOR could advise you all day. And as an extra bonus, we would also have the legal power behind us to back you up.
When people opt to go outside of a traditional real estate transaction, ungoverned and unpoliced, they are taking a risk.
Your lease to buy agreement, if you have questions, should probably be reviewed with a real estate attorney, a title company, and a full-time real estate agent. It may not be too late to get the right entities involved.
It’s not worth it in the long run to try to save a little money. If you end up in court, you’ll end up paying way more than you tried to save.”
That’s really all there is to it. You don’t have to try to be captain-save-a-dollar when your real goal should be to have it done right. Let someone help you who knows what they are doing so that you can really save some money.
Hope that helps.