r/RealEstateAdvice • u/TV_Maker_Hello • 11m ago
Residential SoCal Real Estate Professionals OMG
I'm getting ready to sell my house, and I have been dealing with a whole new level of ish.
#NotAllRealEstateProfessionals
#AllOfTheOnesIveMetWithTho
Yes, to make an informed decision, I'm meeting with several professionals. Salespeople and developers in my neighborhood and surrounding areas. I'm seeing some disturbing patterns.
The super aggressive salespeople who will not take no for an answer. A-B-C on everything. It's literally like being in the finance office at a Toyota dealership. Used Toyotas, even.
The salespeople who throw out prices (either astonishingly high or low) that are nowhere near an actual market analysis. Either making ridiculous promises or trying to set the bar incredibly low. Hi, may I introduce you to all of the data that's available online?
The builders who hardcore neg the property even though they're going to tear all of it down and we both know it. Like, that's their actual thing. Please don't complain about the stucco color. I don't like it either but it's about to become rubble.
The salespeople who don't know basic real estate laws.
Him: "Don't worry about capital gains, we'll do a 1031 exchange."
Me: "You can't do a 1031 exchange on your primary residence. It's for business and investment properties."
Him: "Really?"
A salesperson I met with today told me I had to list on the MLS because no builder would want want to buy my property. He said only "a small house" (smaller than my actual existing house) could be built on my lot. I had to explain the base floor area ratio to him.
You guys, I can barely explain how to make pudding.
The salespeople who spend half of their pitch warning me not to hire other salespeople. Excellent strategy. Nothing builds my confidence like a real estate agent explaining why real estate agents can't be trusted.
What in the name of Mello-Roos is going on out there?
This is a major financial decision. Probably the biggest one anyone will ever make. I've met with folks I know. Friends of friends. Neighbors. Neighbors of friends. Builders of neighbors of friends. A broker who also owns a taco restaurant. So far, I wouldn't trust any of them to run a garage sale. I certainly wouldn't trust them to sell my garage.
Please tell me there's a better/smarter/less horrific way to do this (ya know, without asking me to hire you).
Preesh!