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  1. #1
    superArti artifice's Avatar
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    friends and business

    A gal I ride with is a Realtor. We've dropped lines via email for several months about buying, the last few weeks I've been digging through MLS listings she's provided, and I'm ready to look (we had decided on a few showings this sunday)- when out of the blue last night, she's required a pre-approval letter first.

    First email: I'll need a pre-approval letter to set up the showings.
    My response: In my previous experience this wasn't a requirement- why now?
    Her response: It looks better to set up the showing for a qualified buyer.

    I know this is bunk. If its that she is afraid of "wasting her time" by finding out down the road I wont qualify, she needs to say so. If she can't be up-front about this, what else might she not disclose? I get concerned about people who can't tell it like it is.

    I also question the quality of her listing searches versus what I can find on public real estate websites- I'm finding some really nice houses elsewhere her searches don't provide. Something seems off.

    1) SO, Whats the best way to tell her? do I just tell her I don't want to mix business with friendship?

    2) My boss is also a Realtor on the side, and really excited about the industry (we worked together briefly last summer before I moved). HUGE advantage is "Hey, lets take a long lunch and check out some homes-" or "Why don't you leave at 3 today and we'll check out some houses". He's a trusted business partner, but could it also be a problem that we work together?
    Last edited by artifice; 07-15-09 at 09:39 PM.
    i woke up one morning and i stepped out of bed | had to get a bike, had to paint it red
    Of all the treasures I have, itís the memories that are the most precious.

  2. #2
    riding once again jschen's Avatar
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    I'd be weary of mixing friendship and business.
    If you notice this notice then you will notice that this notice is not worth noticing.

  3. #3
    superArti artifice's Avatar
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    yup, Ive already decided thats a bad idea, I just need to grow some balls and tell her.

    so, what about business and the bossman?
    i woke up one morning and i stepped out of bed | had to get a bike, had to paint it red
    Of all the treasures I have, itís the memories that are the most precious.

  4. #4
    riding once again jschen's Avatar
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    Also a high risk proposition.
    If you notice this notice then you will notice that this notice is not worth noticing.

  5. #5
    superArti artifice's Avatar
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    jschen, you make a great conscience.

    yeah, I have a call scheduled tomorrow with the "family realtor" my parents have worked with a couple times (and a few friends). probably the best route. WAY less fun than leaving work early, though.
    i woke up one morning and i stepped out of bed | had to get a bike, had to paint it red
    Of all the treasures I have, itís the memories that are the most precious.

  6. #6
    Senior Member travelmama's Avatar
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    Just get pre approved and be done with it. If I were a realtor I would not waste my time with someone who isn't pre approved or has enough funds stashed to make the move. Hey, I am looking too. I have a good realtor to work with. She is both a friend as well as one of my employers. Daily I check the listings, send her an email, get the scoop on the property and look myself. I don't want to waste her time because I know what I want to do with my money. She is game and knows that whatever I end up with will be a cash cow for the two of us.
    Two Wheels One Love

  7. #7
    riding once again jschen's Avatar
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    Quote Originally Posted by artifice View Post
    jschen, you make a great conscience.
    I'm glad to hear that I did something useful for the day.
    If you notice this notice then you will notice that this notice is not worth noticing.

  8. #8
    Pwnerer Wordbiker's Avatar
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    Find an owner/seller and save yourself thousands.

    Just my opinion, but realtors are extremely overpaid. If you want to enlist one, give them your terms for drawing up a contract. In a depressed market, you may find they'll take a much lower offer for their commission or a flat fee for drawing up a contract that holds water.
    Quote Originally Posted by ahsposo View Post
    Ski, bike and wish I was gay.

  9. #9
    Senior Member
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    I have had really bad luck with mixing friendship and business. If you do it, you will have to be very diplomatic and careful of every word you say.

  10. #10
    runnin' down a dream edbikebabe's Avatar
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    I liked getting pre-approved. One - I knew that I would get financing for something. And two - it stopped my real estate agent from showing me stuff just above my price point. That is a waste of time for everyone.

    If you are seriously looking - why wouldn't you want to be pre-approved? Plus, you can narrow down what you are looking at into your price range (not just places that you like but are un-doable financially).

  11. #11
    You Know!? For Kids! jsharr's Avatar
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    I thought this was going to be about a place where I could buy some friends.

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    Quote Originally Posted by colorider View Post
    Phobias are for irrational fears. Fear of junk ripping badgers is perfectly rational. Those things are nasty.

  12. #12
    Banned. ModoVincere's Avatar
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    Quote Originally Posted by artifice View Post
    yup, Ive already decided thats a bad idea, I just need to grow some balls and tell her.

    so, what about business and the bossman?
    This would not be a good thing.

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