How Realtors Define “Client Cooperation”

Home Buyers, Sellers — and Condo Associations

When Realtors talk about how “cooperative” a client is, they’re usually thinking of Sellers.

So, a cooperative Seller is one who takes (most of) their Realtor’s advice about home prep and staging; prices realistically; has their home looking great for showings and is reasonable about accommodating same, etc.

A cooperative Buyer, meanwhile, gets pre-approved by a reputable lender; develops realistic purchase criteria and home preferences; and ultimately offers enough for a given property that it’s possible to reach terms with the Seller.

People vs. Associations

So what is a cooperative Condo Building and/or Association?

Put it this way:  an uncooperative Condo Association restricts — or forbades — Sunday showings, a key way for Realtors to generate interest in a particular building.

And when a listing agent (this one) asks building management to take the pads off the elevator walls for two hours (so guests don’t feel like they’re riding in a freight elevator) while the agent hosts a Broker Open . . . actually obliges. 



from RSSMix.com Mix ID 8230700 http://ift.tt/2iab2WN
via IFTTT

Comments

Post a Comment

Popular posts from this blog

“What’s the Highest Point in Hennepin County?”

Image
There sure seems to be some confusion on that, umm . . . point. I’ve now encountered at least three different properties — none close to one another — that all claimed that status in just the last month. For the record, according to Hennepin County’s website, it’s on Williston Road near High Point Road in Minnetonka — 1,131 feet above sea level. See also , “ Florida’s Tallest Point (and how to get there) .” from RSSMix.com Mix ID 8230700 https://ift.tt/2Pq1ndL via IFTTT
Read more

Estimating the Discount for a Busy Street (or Not)

Image
The Art of Comp Selection One of the trickier home features to account for in a Comparative Market Analysis (“CMA”) is a busy street. For a family with little kids, a busy street may very well be a deal breaker — in which case the discount is theoretically infinite. At the other extreme, an investor looking for a rental property may see the location as a plus: free advertising! Of course, not all busy streets are created equal: depending on how far the home is set back; elevation differences; the individual home’s layout; and even landscaping and other topography, and the noise level/loss of privacy can vary significantly. Two Strategies Faced with so many variables, Realtors and Appraisers can always simply choose an average discount — say , 10% off. Strategy #2? Choose as Comp’s (Comparable Sold Properties) only homes that are also located on busy streets. Even better: the same busy street. Then, there’s no need to make any adjustment, because all the home...
Read more

“Are You a Realtor?” “Why, Yes I Am!”

Image
“There Goes My Realtor!” Admittedly, the intended effect is for clients who see me in and around the neighborhood where I live (by Cedar Lake in Minneapolis) to see my car on the road and say, “There Goes My Realtor!” But, my custom license plate (above) is also a conversation-starter when I’m parked. Like today, in Linden Hills, where a builder who has an upcoming listing saw my car and asked if I was a Realtor. I know what to do from there . . .  from RSSMix.com Mix ID 8230700 http://ift.tt/2glixp5 via IFTTT
Read more