What Do You Think About Real Estate DoucheBags? Do We Have Any in Dallas? How About Fort Worth?
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Oh! I totally forgot to tell you about how these Wall Street big whigs tried to cheat a Realtor in the Hamptons out of a summer rental commission. One even happened to be a lawyer! Few months ago, a real estate broker at Rosehip Partners showed a couple of Wall Streeters around some rental properties, as reported by Curbed Hamptons. One was an attorney with an investment bank, Goldman Sachs I believe, and one was a portfolio manager with a hedge fund. They dangled the phrase “all cash deal” under the broker’s nose, like most big shots do. The poor broker spent a whole Saturday showing these guys seven rentals, which they apparently liked.
Yes, liked them so much they went behind the broker’s back to cut a deal with him not part of it. One of the Wall Street dudes actually left this note behind on the kitchen counter for the homeowner:
Next, “The agent got a call from a Southampton lawyer who’d had dinner with the owner of one of the rental properties. The owner was very upset after finding a note on the kitchen counter after the showing. The second was shoved under the front door later in the afternoon when the two guys returned by themselves.”
Here’s the note shoved under the door:
Don’t you just love that smiley face? Have you ever encountered Real Estate douchebags? Tell us all about it for a new little series we are cooking up, inspired by quite possibly the worst move-out experience I have ever heard. We will call this series “Real Estate Douchebags” — self explanatory.
If you’d rather remain anonymous, and we do not blame you, email us the story and we will post it! [email protected]
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I'm not one to gossip…but I encounter them ALL THE TIME.
I'm not one to gossip…but I encounter them ALL THE TIME.
I have a listing in Richardson right now where the seller has had potential buyers (investors mostly) knock on her door and offer to buy the property, sight unseen, without a broker involved. Fortunately she always tells me about it.
I have a listing in Richardson right now where the seller has had potential buyers (investors mostly) knock on her door and offer to buy the property, sight unseen, without a broker involved. Fortunately she always tells me about it.
Isn't it funny that these people "assume" they can cut us out of the deal this way? Like we are so stupid and dumb that we would not notice when our clients suddenly wanted to cancel their listing. Really?
My personal favorite is the buyer who calls me, the listing agent, and states they are an attorney so they don't need a Realtor to represent them and expect to get a better deal because they can save the Sellers from having to pay a buyer side commission. That one actually cracks me up!
Isn't it funny that these people "assume" they can cut us out of the deal this way? Like we are so stupid and dumb that we would not notice when our clients suddenly wanted to cancel their listing. Really?
My personal favorite is the buyer who calls me, the listing agent, and states they are an attorney so they don't need a Realtor to represent them and expect to get a better deal because they can save the Sellers from having to pay a buyer side commission. That one actually cracks me up!
Real Estate DoucheBags…. the Dallas market is full of them including: Realtors, buyers, sellers, appraisers, investors and loan officers. Yes I said Realtors. As an appraiser and a Realtor I see douchebag Realtors daily trying to put their clients in overpriced homes and justify it with a CMA that can be made to show any value they want. Most Realtors are honest but naive and don't have a clue how to determine the value of a property in a format that a lender will accept aka an Appraisal. Realtors you should know this: CMA’s that multiply the square footage by the price per sq. ft. are not an acceptable way to estimate value for a mortgage lender. Not that an appraiser is always right. However an appraiser can produce a legal document used to obtain a mortgage and a Realtor cannot. Don’t be a douchebag ethically represent your clients by letting them know appraisals not CMA’s are acceptable for mortgage lenders.
Real Estate DoucheBags…. the Dallas market is full of them including: Realtors, buyers, sellers, appraisers, investors and loan officers. Yes I said Realtors. As an appraiser and a Realtor I see douchebag Realtors daily trying to put their clients in overpriced homes and justify it with a CMA that can be made to show any value they want. Most Realtors are honest but naive and don't have a clue how to determine the value of a property in a format that a lender will accept aka an Appraisal. Realtors you should know this: CMA’s that multiply the square footage by the price per sq. ft. are not an acceptable way to estimate value for a mortgage lender. Not that an appraiser is always right. However an appraiser can produce a legal document used to obtain a mortgage and a Realtor cannot. Don’t be a douchebag ethically represent your clients by letting them know appraisals not CMA’s are acceptable for mortgage lenders.
I believe in Karma…..the great ones make up for the dirty ones. These guys will get screwed somewhere in life….they'll probably end up finding one of the half priced rentals on craigslist that asked them to Western Union their rent and deposit to Africa…and they'll end up with no cash and no house.
I believe in Karma…..the great ones make up for the dirty ones. These guys will get screwed somewhere in life….they'll probably end up finding one of the half priced rentals on craigslist that asked them to Western Union their rent and deposit to Africa…and they'll end up with no cash and no house.
As an old hippie from the 60's, I concur with Bruce Lynn, Karma WILL come back and bite folks like that IN THE ASS!
God I love hippies!
As an old hippie from the 60's, I concur with Bruce Lynn, Karma WILL come back and bite folks like that IN THE ASS!
God I love hippies!
I encounter them every now and then…and it just amazes me at the guts it takes to be so deceptive.
I encounter them every now and then…and it just amazes me at the guts it takes to be so deceptive.
[…] is just brilliant. We’ve talked about some of the just ridiculous and rude things that Real Estate Douchebags do — including trying to cut a broker out of a deal by leaving a hand-written note on a kitchen […]
[…] is just brilliant. We’ve talked about some of the just ridiculous and rude things that Real Estate Douchebags do — including trying to cut a broker out of a deal by leaving a hand-written note on a kitchen […]