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Thursday, March 7, 2013

My Kitty Thinks You Stink

SERIOUSLY?  Time for Spring!
I couldn't think of anything to share today.  Just sitting in my office warming my piggies and writing an Ad for our Real Estate magazine coming out in a couple weeks.  Then I realized, don't think about it - just let it come.  There is ALWAYS something going on.  So, I  pulled up MLS to take a look at the new listings and there it was...EL STINKO!

Last year the property manager from our rental department emailed me the name of one of her clients who had three properties he was thinking about selling.   He built when the market was at it's peak.  Having dealt in real estate in one form or another for most of his life he knew the odds were not good at realizing any profit on them. They didn't sell when the market was slamming so he put renters in them.  Doing what I do, I agreed to put together a CMA and marketing plans/options for him.

Now, all three were RENTED - this means 'occupied', must make appointments - pick up keys yadda yadda.  My pleasure.   HAPPY to help!  Of course, it is never convenient for all three on the same day - gotta work with the renters rights and all that.

After taking a look at the properties - evaluating the conditional issues, (we are talking chipped counter tops in some - carpeting replacement and painting), I came up with a suggested list price.  The seller was not surprised.  Said he would think about his options - whether to sell them or let them go into foreclosure.  Perhaps keep renting for a time.  I said I understood, and I DID.  We are all facing challenges nowadays.  Seemed like a very nice man.  He said he worked with a group out of town when he handled prior short-sales and would call if he decided to go that way and they would help me get them sold in this market.  Sounded like a plan.  No $$$ today but work can be forthcoming down the road.

The seller emailed me a few months later - still trying to decide but was contacting the City to see about the assessment amount.  He wanted something from me to present to them as to the 'current' value (the work I had done on those CMA's).  Sure, my pleasure, HAPPY to help.


BUSTER - doing a stinky!
You know what's coming don't you?  

Right there on the HOT $HEET were the three properties listed as short sales - at precisely the suggested list price I had given him last fall.  With another company.  Never mind using another agent - he listed with our COMPETITION! Our rental department is handling the rentals for him but when it is time to realize a commi$$ion he goes across town?

Truthfully, no one loves working on a short sale - I won't die without it.  But if my work was good enough when he was in distress - and is good enough for my COMPETITION to use - why is TINA not good enough for the seller to allow to market his property?

Not quite sure what to make about this relationship.

I asked my cat BUSTER what he thought about the whole thing...he said 'Stinky is as Stinky does....'