By - team_lloyd
>we have a 25 month old and a 13 month old
So a 2-year-old and a 1-year-old.
no, a 25 month old and a 13 month old. a 35 month old and a 12 month old would still technically be a 2 year old and a 1 year old, but they are at dramatically different points of development and with very different levels of stress associated with them. Also, it highlights the fact that they are 13 months a part, which further explains the stress involved.
That's what you chose to comment on?
>"I don't know how I lost you, I'm sorry.
They've come down 100k on price. Do you really think theyre in a position to kill the deal over trivial details?
Your agent gets some kinds of financial benefit, either directly or indirectly, to use the "in house" title company.
As a lender I'll see the agent email me that they are using X title company while almost simultaneously the buyer emails me that he's still shopping title companies. Obviously some agents don't ask their buyer.
Once it appears a choice has been made by someone, I let all parties know who we (lender) are placing the title order with to avoid confusion down the road.
For anyone reading, you do want to hammer down your choice by the end of the first week under contract. Title issues can come up.
That sounds good. Maybe make it a double decker, or a club with some turkey and bacon.
Super rude/flippant/unnecessary response. Why did you even comment? It was actually one of the more interesting stories/posts I have read on this forum.
Yeah sucks cause OP dipped out and this was actually juicy. The seller agent has some balls lol. Flippant response was so stupid and sort of makes us look bad(not that it matters). OP did turn into a massive dick though in pretty much every response he made.
Buyer was an ass and when realtors tried to help and ask for clarification they were rude and condescending so they dipped out because no one wanted to help cause they suck.
That's what I said lol. I was annoyed at the flippant comment because post is actually interesting. And I think it's good for this place to be a resource. However, buyer was a condescending and offensive while seeking help so f em.
I was genuinely trying to help him and he was so rude to me I was like no one wants to help you and my guess is they’re lying about the truth. It’s one of those crazy buyers!
Yeah I saw his response to you and was like screw it why take any of my time to help this prick. Prob a crazy buyer.
Dude above is an ass. Now you're an ass too. You took one negative response and insulted everyone.
Yep. Strange move. I deleted my advice
My brokerage charges me $350 as a transaction fee for my deals but waives the fee if in house title and insurance is
used. Your agent is benefitting in some way by using in house services, it's the likely explanation for this behavior.
Any kind of deal like that needs to be disclosed between the agent and the client. I once had my buyer's agent try to tell me I had to use a certain mortgage company. I laughed in her face. I was already so deep into the process though that I ended up sticking with her. She was such a dope.
OK this is incredibly long, I appreciate the detail. Can you please identify exactly who you are in this transaction. Also do you know when your state who controls title. In Florida whoever pays title insurance which is typically the seller is going to pick the title company do you know what the law is in your state and who is paying whatever feed that that dictates that be the case?
Edit also you stated that the buyers agent was chosen in this transaction. I just need to clarify if you chose the buyers agent who chose the buyers agent if you are the buyer in fact?
OP said he's in PA.
PA, the buyers traditionally pick title.
In Fla, yes the seller traditionally picks title, but that tradition varies in some counties, with buyer often picking in Broward and Dade.
I didn’t ask if he was in Pennsylvania I can see that he’s in Pennsylvania I was letting him know that I’m Florida this is how it applies I was asking him to articulate how it applies in Pennsylvania
I know it’s not traditionally, traditionally and in the contract it stipulates that the seller will pay for title insurance, however if the buyer wants to pay TITLE insurance now Buyer controls who does title
you honestly couldn't figure out that i'm the buyer in this story?
I'm in PA. That's clearly stated in the post.
You say certain things that I don’t get. For example the buyers agent that was chosen. Or rather assigned. Why did you not pick your own Buyers Agent? To be honest you’re a little all over the place, I got that you’re in Pennsylvania but you’re still not answering certain questions and I’m trying to help pinpoint. This does not reflect a normal transaction. In the state of Pennsylvania do you have title insurance? Look on your contract who does it stipulate will be paying title insurance? Does the person who pays title insurance dictate who the closing title company is?. Why did you not choose your own agent why was an agent assigned to you?
Edit also you’re kind of an asshole, and I saw that you’re in Pennsylvania but I was letting you know that I’m in Florida and I was giving you that information so that you could take that information and see if applies to Pennsylvania. I don’t wanna help you and I can see why nobody wants to work with you and why this is a difficult transaction.
Have you signed or seen an affiliated business agreement disclosure?
I’m willing to bet buyers agent is getting a kick back.
My advice would be to do a three way call between you, our agent, and their broker.
They are the buyer…so it’s their agent.
But you and I probably actually do real estate and that’s why we’re confused why an agent was assigned to them and why they’re not getting their own agent and shopping around for agents.
Then even if you feel like your agent isnt fulfilling their fiduciary obligation they need to speak with the broker and set it straight. In Georgia where I’m licensed the agent works on behalf of their broker. Bringing the broker into it would basically be saying hey this has to be above board.
All agents work for their brokers no matter the state. I find their wording strange about an agent being assigned. Why didn’t they pick their agent?
That is very strange. But they also said the agent was an in-law. I think assigned is probably not the correct term.
It was a lot of not make sense! And when asked for clarification they sucked, post was deleted by OP. That was everywhere
I appreciate the detail, especially from someone who doesn't know what may or may not be relevant. Certainly not everything is, but I appreciate context.
Your buyer's agent is either lazy, shady, or both. Sounds like your agent is trying to do something that benefits them, not you.
I'm a broker in NC, and most of the title work goes to the closing attorney, so I'll speak to the lender and insurance. Many firms (like the one you're working with) have in-house everything to make more money throughout the process. This doesn't mean they're better, it means the company wants more money and those in-house services get easy clients. The firm will also give incentives to their agents who use those in-house services.
To your situation, your agent is trying to take advantage of some incentive. Ask them point blank if they get anything if you use their in-house people. Also ask if they refer the in-house service X times per year if they get a bonus or different commission split. That's one way some agents think they can say "no, I don't get a kickback."
Finally, you are the one who directs your agent. As much as some agents try to control everything, they still must do what their client says (within the scope of the agency agreement). If you say go with a lender, they go with that lender. Period.
Same for insurance.
Your agent also sounds like a 5-yr old trying to explain their way out of a lie. "Wow, whatever you said must have changed their mind."
If they try to keep up the shinanigans, call their broker-in-charge (the boss in charge of the office), the local realtor office, or the state commission. I personally have no patience for agents like this, they give our profession a bad wrap.
I understand the gist of it. As a realtor I think it’s an annoyance to make a change like this. I can tell you’re an incredibly detailed person and you’re going to focus on every aspect of the transaction until it’s closed. I didn’t read all of your post, so I don’t know how much of a savings this will bring you. You’re going to drive yourself up the wall. It will all work out. Just relax… Let your agent do their part and get you the keys. You’ll have no regrets at the end of this!!
I think you already know the answer to this. Your agent is trying to fleece you for kickbacks by trying to convince you to use the in-house agent. You absolutely have the right to choose the title agent of your choice. Of the 20 + deals I've done, I've choose those agencies myself and saved a butt-ton of cash. Threaten to walk if you don't get to choose. Doubt theyll kill a 18k commission over a few hundos in kickback. If they do, report them to the PAR board and cancel your agency agreement due to violation.
Good luck, I think you'll get your desired outcome.
Dude I would just run. Can you get away from your buyer's agent? I don't know what they're talking about trying to set up the seller's agent to take the fall on this. The seller's agent doesn't fill out paperwork for your situation. The buyer's agent is obviously getting kickback somewhere which they should have disclosed. Call the buyers broker and tell them exactly what's going on. And tell them that you're going to report them if they don't do everything that you want them to do in terms of your chosen vendors.
What did he say Robin?