Exclusive Advice

Discussion in 'Blazers OT Forum' started by MickZagger, Apr 5, 2023.

  1. MickZagger

    MickZagger Well-Known Member

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    So we’re about to sell our current house and upgrade. My best friend is a real estate agent. He was the best man at my wedding and has always been a real close friend.

    But he’s new as a real estate agent. Hasn’t sold many houses. Is a really big slacker/stoner.

    Anytime I meet up with him, he takes it as a granted that he’s going to be our guy. Me and the wife both talked about it and we want someone with experience for such a big decision in our lives.

    How do I tell him that we’re going to use someone else?
     
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  2. THE HCP

    THE HCP NorthEastPortland'sFinest

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    As we move along in life, you need to really start looking out for you and yours. That’s the biggest event of your life so far and you don’t wanna fuck that up. If he can’t understand that that’s not a true friend.
     
  3. MickZagger

    MickZagger Well-Known Member

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    Yeah, I think it will be a tough pill to swallow at first. For some reason it’s probably tougher for me to tell him than for him to receive the news.
     
  4. riverman

    riverman Writing Team

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    "We've decided to go in another direction" always works...hopefully it motivates him to be more competitive down the road which is a win-win..tell him, "we needed a more experienced agent for this process, nothing personal but it's a big decision. Oh, and I brought you some Gorilla Glue #4 for the weekend!"
     
  5. SlyPokerDog

    SlyPokerDog Woof! Staff Member Administrator

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    Offer to name a kid or pet after him.
     
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  6. HailBlazers

    HailBlazers RipCity

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    If you're doing a double transaction like that you reeeally need someone experienced. It's not personal but if you find yourself in a contigent sale situation it can get dicey.
     
  7. Natebishop3

    Natebishop3 Don't tread on me!

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    Dude… it’s a horrible time to buy because of the interest rates.

    Dont use your friend. I used my best man as our mortgage broker and I regretted it a ton. You can’t fire them.

    Be careful what you sign with your selling agent because you might be on the hook for their commission if you decide not to sell.

    Why are you guys selling right now? We have houses in our neighborhood that have been sitting for months.
     
  8. crandc

    crandc Well-Known Member

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    It's business not personal.

    Godfather
     
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  9. donkiez

    donkiez Well-Known Member

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    We used someone we knew who was inexperienced. It was not a good experience.
     
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  10. tlongII

    tlongII Legendary Poster

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    Just use somebody else and don't tell him. He'll get over it. Eventually..........or not.
     
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  11. Shaboid

    Shaboid Well-Known Member

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    Gonna be on the sidelines for a long time if your waiting for sub-3%. May never happen again in our lifetime.
     
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  12. Phatguysrule

    Phatguysrule Well-Known Member

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    Agreed. In fact I don't see how it can happen again, and have it be a good thing.

    The economy would have to be in such dire straits... It would be worse than 2008
     
  13. Shaboid

    Shaboid Well-Known Member

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    6% is still a pretty reasonable rate, historically.
     
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  14. MickZagger

    MickZagger Well-Known Member

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    Found a really good deal on a new construction home in a new neighborhood. With lots of perks in financing by the builders. The interest rates don’t bug me a ton because refinancing is always an option. Wife also got a new job that doubled her previous pay. Along with trying for a baby.

    When all is said and done we should have about 140k to put down as a down payment.
     
  15. MickZagger

    MickZagger Well-Known Member

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    The house I’m in now is at 4.25. I’m not holding my breath those days will ever happen again.
     
  16. Chris Craig

    Chris Craig (Blazersland) I'm Your Huckleberry Staff Member Global Moderator Moderator

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    I was going to sell your house, but then I got high.

    Just tell him. It will be like ripping off a band-aid. Sounds like it will be harder for you than him because you don't want to let your friend down. But, do what is right for you. Selling a house is a big deal. You want to get the best value and for that you need experience.
     
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  17. Shaboid

    Shaboid Well-Known Member

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    I'm sure there is a more seasoned agent at the firm he works for. Ask him if he'd be willing to split the commission with someone that has a bit more experience.
     
  18. twobullz

    twobullz Well-Known Member

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    As a realtor, it will be harder on him then you, especially if he is just starting out. Nothing worse then seeing your friends use someone else. Tell him since he is new you want him to co list it with a more experienced agent in his office. Then you are still using him, but will have someone else with more experience helping also.
     
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  19. Phatguysrule

    Phatguysrule Well-Known Member

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    Absolutely. Just doesn't make financial sense to sell your house with a 3% mortgage rate to buy something similar at 6%... Unless you're just trying to downgrade...
     
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  20. MickZagger

    MickZagger Well-Known Member

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    Listed the condo on Thursday. By Sunday had 8 offers. We accepted the offer that was 10k over the asking price, plus 2 months of FREE rent back until our house being built is completed.

    Finally can breathe easy after months of getting the house nice and shiny to sell.
     

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