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  • Profile photo of Kara47Kara47
    Participant
    @kara47
    Join Date: 2012
    Post Count: 28

    Hello All,

    Looking to buy my first property in the next few months. I have been to the same Real Estate Agency twice in the past couple of months, asked to book a time to look at homes they have for sale. Received no follow up phone calls at all. Is this usual practice or are they just crap? They don't do rentals, so you would think they would be after any potential sale, especially when one of the homes has been on the market for over 12 months.

    Your thoughts?

    Cheers,

    Kara

    Profile photo of TheFinanceShopTheFinanceShop
    Participant
    @thefinanceshop
    Join Date: 2012
    Post Count: 1,271

    Depends on the market – when market is flat and there are no buyers you can't stop Re's calling you but when the market is up and there are too many buyers many agents don't even bother calling you.

    Have you tried talking to the principal?

    Regards

    Shahin

    TheFinanceShop | Elite Property Finance
    http://www.elitepropertyfinance.com
    Email Me | Phone Me

    Residential and Commercial Brokerage

    Profile photo of Jamie MooreJamie Moore
    Participant
    @jamie-m
    Join Date: 2010
    Post Count: 5,069
    Kara47 wrote:
    Hello All,

    Looking to buy my first property in the next few months.

    Hi Kara

    Is this the language you use with the REA's?

    Cheers

    Jamie

    Jamie Moore | Pass Go Home Loans Pty Ltd
    http://www.passgo.com.au
    Email Me | Phone Me

    Mortgage Broker assisting clients Australia wide Email: [email protected]

    Profile photo of Kara47Kara47
    Participant
    @kara47
    Join Date: 2012
    Post Count: 28

    Thanks Shahin & Jamie,

    I actually went in with a list of properties I wanted to see, asked if could make a time to see them. First visit they asked if I had pre approval & clearly weren't interested when I said no.

    This time I had pre approval ( lesson learnt).

    It took nearly 24 hours, but the principal did ring & took me to view the properties today. ( I was ringing her if she didn't!!)

    Any advice on making an offer, what to include in your conditions, and how low under the asking price would you initially offer? Property has been on the market for about 9 – 12 months.

    Thanks,

    Kara.

    Profile photo of Jamie MooreJamie Moore
    Participant
    @jamie-m
    Join Date: 2010
    Post Count: 5,069

    There's so much research that needs to get into a purchase – look at comparative sales, comparative listings, the motivation behind the sale, the length of time on the market, has the price dropped over time, is there anything structurally wrong with the property – the list goes on.

    When I've worked out how much I want to spend on a property – I start with an initial offer that allows me to increase a couple of times. 

    Cheers

    Jamie

    Jamie Moore | Pass Go Home Loans Pty Ltd
    http://www.passgo.com.au
    Email Me | Phone Me

    Mortgage Broker assisting clients Australia wide Email: [email protected]

    Profile photo of EmilEmil
    Member
    @emil
    Join Date: 2012
    Post Count: 26

    Hi,

    Things like this don’t usually happen. Follow-ups are never neglected by professional agencies, as they know that good service wins the game. Not to assist your clients is to defeat the purpose of having a real estate agency. I’d say you look for another one, there are plenty to choose from.

    Cheers,

    Emil

    Sunbuild Invest

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