If you need our 6 tips for choosing between friends to select your realtor®, you may be in trouble!
While it's common for people choose their real estate agent based solely on the fact he or she is a friend, is this the best decision? What happens when you have multiple close friends and they are all realtors? Forget for a minute about qualifications, and just think "friends!" If you choose realtor Joe, what will your realtor friends Cindy and Tom say? If you choose one over the other two, will you still have three realtor friends or will you only have one? Or sadly, if your deal goes sour you could end up with zero realtor friends!
Yes, We Do Represent Our Friends
To be clear, as local realtors based in Valencia, we do represent our friends to buy and sell their real estate. Thankfully, all of our transactions have gone well and there's never been any unusual problems. Yes, there have been times where a friend chose to work with another realtor, but that was fine with us. We're still friends because, well, they are our friends and always will be.
Choosing between friends to select your realtor can result in hurt feelings, at the very least! With that in mind, does it make sense to choose a friend as your realtor? Most people would likely say "yes," but perhaps it would be better to choose a highly qualified realtor, and not a friend at all.
Multiple Realtor Friends
If you have multiple realtor friends, this could solve the problem entirely. While it's possible your friends might be a bit miffed at first, if they are real friends they will participate in your joy of your new home. Honestly, if they aren't happy for you and will not share in your joy, consider they might not be a friend at all. Unfortunately, choosing between friends to select your realtor is not fun. If you're having this problem, we don't envy your position, but we wish you well. It's nice to see you care enough to think this decision through before making any hasty decisions!
Woman Loses Best Friend - True Story
We recently heard from a friend about another sad story of losing a BEST friend due to choosing a different realtor. The short story is, a woman chose her best friend to represent her and husband to buy and sell a home. A couple years later, the woman needed to buy another home and even though things didn't go so well with the previous transactions, intended to use her friend as the realtor. As it turned out, they couldn't find a home and ended up buying their parents home at a GREAT price! The problem was, her father insisted they use his realtor to buy the home. Well, the price was right so they did! The woman's realtor friend was terribly upset and they are no longer friends! How sad is that? In this case we say the realtor friend was really no friend at all and should have been happy for them. Also, the realtor friend made money on 2 of 3 transactions so it's difficult to understand her lack of appreciation.
Choosing your friend as your realtor could work out very well, but there's always the possibility the process will strain your relationship and could be a disaster. Be very careful and please feel free to contact us to answer questions, with no strings attached!
Six Tips for Choosing Between Friends to Select Your Realtor
- Transfer the Blame! If you have a significant other, put the whole realtor selection off on him or her.
- Be honest! Explain how uncomfortable you are about making a choice. Since you have multiple friends that are real estate agents, you might decide not to choose a friend at all.
- If you have two realtor friends you could have them both represent you! Yes, they would have to share the commissions 50/50! Be advised this could be the worst decision and cause friction, confusion and descent. It may well backfire, but it is a viable option if everyone involved has a good head on their shoulders. We did this once and it worked out fine.
- If you are selling a home and buying a home, you could have one realtor friend represent you with your sales transaction and the other represent you when you buy another home. Be aware though, realtors value representing the seller more so than the buyer.
- If you only have one realtor friend you might think it would be an easy decision, but before you jump in we suggest checking them out! Just because they are a wonderful friend, does not mean they are a qualified real estate agent! Look at their experience and track record. Are they really your best qualified choice? If so, you're probably all set! Check their record here!
- This is not really a tip, but more of a reminder. Don't confuse close friends with acquaintances. With all our social networks, many of our "friends" are really online acquaintances.
Get your free report titled, 13 Additional Costs to Consider When Buying a Home.
More Real Estate Information on a State Level Here at the Gregory Real Estate Group we provide information for choosing a realtor in our local Santa Clarita communities. If your are searching for more real estate related information for our state, try visiting the California Association of Realtors.
One note regarding short sale transactions - If you are selling or buying a short sale, it's suggested to disqualify any agent friends without experience with these complex and difficult transactions. Many realtors prefer not handling short sales anyway, so this may not be a problem. Still, with all your financial struggles we hope you don't have to add the problem choosing between friends to select your realtor.
With short sales, realtors make less money and they take much longer to close. It's very important to choose a realtor who is also a Certified Distressed Property Expert and has a successful track record with short sale transactions.
Choose Your Realtor® at Gregory Real Estate Group
If you need real estate representation, don't have a realtor friend or prefer not to select a friend, contact us today. We have an extensive amount of experience with all types of transactions and are also highly experienced and trained with short sales.
We would love to hear your comments and hope you enjoyed these 6 tips for choosing between friends to select your realtor.