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All Forum Posts by: Michael L.

Michael L. has started 46 posts and replied 215 times.

Post: Question for the grown folk that have a mind of their own!

Michael L.
Pro Member
Posted
  • Investor
  • Posts 244
  • Votes 51
Quote from @Patricia Steiner:

@Michael L.

Just my take...it is an adult forum as you referenced but it is also a professional forum.  I'm not offended by your choice of word and I'm surprised that your post wasn't simply blocked - versus being edited.  What I can share is that the most successful people I know are master communicators. They choose their words in a way that if published in the newspaper or sent to their parents - would be the best reflection of themselves.  I've read your posts before...you're direct and concise - and articulate - let that be your lane.  And, let the edit go...it's just noise and not worth your investment of time.  

Best.

@Patricia Steiner, much obliged for the words of encouragement👸🏼! It doesn't bother me that the got edited, what I didn't overstand was the "so called" offensive word got edited for another offensive word🤷🏼‍♂️. 

Post: Are real estate agents bias?

Michael L.
Pro Member
Posted
  • Investor
  • Posts 244
  • Votes 51
Quote from @Bonny Durbin:
Quote from @Michael L.:
Quote from @Michael L.:

I recently had a r/e agent tell me that their firm only transact with bank qualified buyers. Is this normal and why only bank qualified?? Or, was that person just being a jerk on a Friday🤷🏼‍♂️?

@All Responders, I appreciate all the participation under this post. My goal was to gain insight and overstanding on the different ways the r/e space is operated, and with my BP Fam's help I accomplished that. Maybe that agent wasn't being bias, an though the agent didn't specify maybe their firm as a whole operates that way an not just the agent individually. I think I'mma give that agent a call back for clarity about this, good idea or no?

 If you didn't get good vibes on the first contact, I would try another agent. Why make your life difficult! Agents and clients need a good relationship to get through the process.

Good Luck on your Journey!

@Boonie Durbin, an thank you for the words of encouragement👍🏻.

Post: Are real estate agents bias?

Michael L.
Pro Member
Posted
  • Investor
  • Posts 244
  • Votes 51
Quote from @Carlos Ptriawan:
Quote from @Michael L.:

I recently had a r/e agent tell me that their firm only transact with bank qualified buyers. Is this normal and why only bank qualified?? Or, was that person just being a jerk on a Friday🤷🏼‍♂️?


 haha, and i am buyer , i feel bad for real estate agent sometimes, they work hard still get so little, buyer think re agent is rich especially if the agrent drive a nice car lol this is why when i transact to real estate agent, i show my bank account first, show my million above pre-qualification , and then even said to them, you don't need to go to with me to the house, dont waste your gas money and time , i am still only exploring, but please just send me property inspecton disclosure.  

so they dont need to waste my money/time, and vice versa. it's not about real estate agent has bias, but there're too many of them with too many unqualified buyer with too little house to choose, it's frustrating job sometimes, even when they work it out, the comms is cut by the house. lol

@Carlos Ptriawan, in order for you to get pre-qualified for north of a million (congrads to you on that👏🏻) you had to start from somewhere that wasn't nowhere near that point. From what I gathered, some agents can be bias, then some may be working under the guidelines of their firm. Nevertheless, it's all overstood and accepted bc I was able to learn something from it.

Post: Are real estate agents bias?

Michael L.
Pro Member
Posted
  • Investor
  • Posts 244
  • Votes 51
Quote from @Bonny Durbin:
Quote from @Michael L.:
Quote from @Michael L.:

I recently had a r/e agent tell me that their firm only transact with bank qualified buyers. Is this normal and why only bank qualified?? Or, was that person just being a jerk on a Friday🤷🏼‍♂️?

@All Responders, I appreciate all the participation under this post. My goal was to gain insight and overstanding on the different ways the r/e space is operated, and with my BP Fam's help I accomplished that. Maybe that agent wasn't being bias, an though the agent didn't specify maybe their firm as a whole operates that way an not just the agent individually. I think I'mma give that agent a call back for clarity about this, good idea or no?

 If you didn't get good vibes on the first contact, I would try another agent. Why make your life difficult! Agents and clients need a good relationship to get through the process.

Good Luck on your Journey!

@Bonnie Durbin, respect💯!

Post: Are real estate agents bias?

Michael L.
Pro Member
Posted
  • Investor
  • Posts 244
  • Votes 51
Quote from @David Dachtera:

Agents and brokers are just like investors in that they are profit motivated. If you can't get foot in a lender's door, so to speak, they'd be wasting their time with you.

That said, if you can pay cash or provide other sources of funding, be prepared to demonstrate that ... for find another agent / property.

@David Dachtera, I would've respected that an did what was necessary to move forward.

Post: Are real estate agents bias?

Michael L.
Pro Member
Posted
  • Investor
  • Posts 244
  • Votes 51
Quote from @Eliott Elias:
Quote from @Michael L.:
Quote from @Eliott Elias:

Why would anyone work with a buyer who can't get qualified with the bank? Waste of time. 

@Elliot Elias, why is that a waste of time if I have access to other sources of funds?

 They don't know that. 

@Elliott Elias, I spoke on have a lender to back me, that's when I got the response of only accepting bank qualified buyers. I was told through this thread that some firms operate under the guidelines of bank approved buyers though the agent didn'tspecify that, I didn't know that existed.

Post: Are real estate agents bias?

Michael L.
Pro Member
Posted
  • Investor
  • Posts 244
  • Votes 51
Quote from @Michael L.:

I recently had a r/e agent tell me that their firm only transact with bank qualified buyers. Is this normal and why only bank qualified?? Or, was that person just being a jerk on a Friday🤷🏼‍♂️?

@All Responders, I appreciate all the participation under this post. My goal was to gain insight and overstanding on the different ways the r/e space is operated, and with my BP Fam's help I accomplished that. Maybe that agent wasn't being bias, an though the agent didn't specify maybe their firm as a whole operates that way an not just the agent individually. I think I'mma give that agent a call back for clarity about this, good idea or no?

Post: Are real estate agents bias?

Michael L.
Pro Member
Posted
  • Investor
  • Posts 244
  • Votes 51
Quote from @Mike Dymski:

Most business are...can't be everything to everybody (or don't want to be).

@Mike Dymski, this is true.

Post: Are real estate agents bias?

Michael L.
Pro Member
Posted
  • Investor
  • Posts 244
  • Votes 51
Quote from @Loren Clive:

Sellers and/or agents can require that a buyer is prequalified before showing a home. 
And you should be doing this anyway, especially in this market where financing has changed a LOT!!

@Loren Clive, this was for an investment property. Why is being bank qualified so important when I have access to use other sources of funding?

Post: Are real estate agents bias?

Michael L.
Pro Member
Posted
  • Investor
  • Posts 244
  • Votes 51
Quote from @Eliott Elias:

Why would anyone work with a buyer who can't get qualified with the bank? Waste of time. 

@Elliot Elias, why is that a waste of time if I have access to other sources of funds?