The claim by a company like redfin is that the Real Estate agent is just a sales person, so you better be careful, or fear them. We all fear used car sales people because the function they have is to make something happen, on the spot. Here is the State of Washington we have some protections concerning car sales under the title of the “Lemon Laws.” Many people think there should be laws concerning the high pressure tactics of people who sell Real Estate.
Let me point out some differences. Number one is the idea you are trapped with the sales person. Real Estate takes weeks to close even in the best of circumstances. There are a variety of people who you go through along the way. You have face to face time with the loan originator, the inspector, and the escrow agent. It’s a process that takes many people.
You have three days for a neighborhood review in Washington State. There is the financing, and inspection contingencies. There is also a refusal to sign if things don’t seem right to you. The seller can sue for specific performance, but that would also take time, and money. The very fact that buyers have so many opportunities to “back out” of a transaction is why many agents want Buyer Agency Agreements.
Buyer Agency Agreements, Real Estate Agency, and now Real Estate brokerage will be a part of the articles coming up. The only point that I’m making today is that Real Estate is much different from a sales job. Real Estate is a part of an over all Financial Plan. Your home is an investment in your family’s future. That should be taken very seriously, and you should get the very best representation that your money can buy.
About David Losh
In 1984 I got my Real Estate license and worked in a small company called Advance Properties. The owner was extremely interested in Real Estate, building, and land development. Most of his work was concentrated North of Seattle. Since the 1970s I had worked for Real Estate agents in Seattle as a contractor, mostly preparing properties for rent, and sale.
After a few years my skill level increased considerably concerning land use, building code, and development practices. Escrow, and lending offices were housed at the Advance Properties building so it was easy to get involved in all aspects of Real Estate. It was very much a family owned, and operated business.
Over the years my Real Estate license has been at a variety of Real Estate companies, and offices. Nothing compares to those early years, or that sense of family. Real Estate has gotten to be corporate owned.
My hope with this blog is to share with you some of the things I've learned. If you have Real Estate needs, or want contractor help, I refer freely to what best suits you. If you should choose to work with me you'll find a great resource.
My Real Estate license is at Skyline Properties in Northgate. Skyline is a locally owned company that is a desk fee office. There is a wide variety of diverse agents. It helps me with some of the other projects that I have, and mentoring that I do, to be able to work with people from other cultures.
Here in Seattle we are close to Vancouver BC and are the gateway to China. Boeing has a great trade relationship with China, as does Microsoft have with all of Asia. We are a culturally diverse community, and it helps me to be invlolved.
