All Forum Posts by: Account Closed

@Lucia Rushton Thanks! I appreciate you

Thanks again for your insight everyone. I sent an email to my agent expressing how I felt. He acknowledge the fact that our communication was pretty bad. After our talk he has been awesome and we have submitted another offer just under ask for a duplex. He provided me with his opinion on what we should offer, sent me all the documents needing to be signed and now we are waiting to hear if it is accepted or not. If accepted I will fly down to Dallas in the next couple days, take a look, review the SDN (we are still waiting for the sellers agent to send it), drive the neighborhood and hopefully shortly be the owner of a duplex. Even if it falls through I wont be upset. The point is we moved quickly and did the best we could.

@Nathan Keller Thanks for the insight Nathan! Our offers where actually as high as he would recommend going for "Appraisal purposes".

@Nathan Keller Yeah they were close, it's a hot market with multiple offers on every property. I should reiterate I'm not frustrated about the fact I haven't closed on a deal because thats just the way it is, the right one will come. But rather the fact that I can't communicate with my agent. 

@Brit Hale Thanks for the response! I am an out of state investor so I am definitely requesting these documents before I have seen the property. I am fortunate in my line of work to fly for free but still a trip down to DFW every single time I want to look at a property is just not realistic. This is also why I request the CMA for rents. I have called several different property managers in the different areas to feel out rents but when I am searching the entire metroplex and the areas surrounding it, rents vary and really the only way for me that I am aware of to accurately get a feel for the rents in that neighborhood is through a quick CMA. I am more than willing (and my agent knows this) to put offers in on properties I have not seen. I do totally agree though I am definitely willing to use the option period to dig deeper. The problem is though, I am often not getting the opportunity to make the offer.

@Steve Vaughan @Wayne Brooks @Joel Owens My questions are usually things along the lines of "Can you send me the Sellers disclosure report?" "Can you send me a CMA for rental comps in the area as well as a CMA for the property itself". I feel like everything I ask for more documentation so I can ask him LESS questions. I don't ask questions like "So how old is the roof...?" Unless for some reason I can't find it on my own. I suppose I would feel differently if I felt like I was dragging him along trying to find "The perfect" property or backing out of deals left and right. But like I said I am literally ready to pull the trigger yesterday if something makes sense...and unfortunately several properties have made sense that I never got a shot at.

Thanks for the insight on how he might be feeling though guys! Sometimes it's tough to see a situation through another persons eyes and have grace for what they have going on. I sent him a long email that hopefully gets us back on track and we can have an awesome and fruitful working relationship moving forward.

Thanks for the replies everyone! 

@Account Closed

@Account Closed Thank you for your reply! I did sign something before we put in an offer on the first property. It was a pretty standard agreement lasting 40ish days.

Hey everyone!

I am shopping around in Dallas for a Duplex (recently made a couple offers) and have been very actively searching out deals, analyzing them, and sending them to my agent. My issue lately unfortunately seems to be with my agent. We have been working together for 1.5 months or so and have made offers on two properties. When we first started working together he was great. Literally everything I could ask for in an agent. Responsive, knowledgeable, motivated, and a super nice guy! Unfortunately there has been a large change in just about all of that recently. After the first two weeks or so it became much harder to get a response from him. He has taken 2-3 multi-day vacations (he said he would be working while on the road) during which several deals I told him I was very interested in slipped away without us even having the chance to submit an offer. I emailed him about both several times but he could never seem to find the time to email back or return a text within a 12-24 hour period or to even give me a quick phone call like I asked. Now even while he's not on vacation it's hard to communicate with him and a response within 10 hours is rare. My frustration is not with not being able to close on a property but rather the fact that In a competitive market like Dallas I can't seem to even get my agent to communicate with me. I'm not asking for him to respond within 10 minutes all day everyday or even within an hour. But I feel like the one response a day or two if I'm lucky is a little bit ridiculous especially in a highly competitive market. If he does respond it's a quickly put together CMA that couldn't have taken more than 5 minutes.

It’s unfortunate because he started out so strong and I genuinely do like the guy. He is part of a reputable team in Dallas and my question to the BP community is:

What is reasonable expect from an agent?

Am I asking too much?

What can I be doing better in this situation?

Thanks!

Hey everyone!

What would you consider "too old" of a property? What questions do you ask when looking at an older property? Concerns? I was looking at an older Duplex (1925) it was remodeled but I can't help but feel uneasy about such an old property.

Thanks!

Thanks for the replies Curt and Frank. My goal is essentially purchase a home to live in short term that would cash flow when I decide to step up into something more permanent in the next year or so. I am out of town for work over half the month so something that could be used as either an Airbnb or house hack with a roommate or two.