|12-30-2011, 03:11 PM||#1|
Join Date: Oct 2008
Location: Wash DC Metro Area
Buying Resale: Small Broker or Professional Company?
Now that the points are mine and I've made my first reservation, I feel comfortable sharing my thoughts on how my resale purchase went with a small sales broker.
Bottom line is is was extremely underwhelmed by my sales broker, who is a sole proprietor. Having gone through the purchase of one home and the sale of another in the last 18 months, I guess I expected too much from my broker given my recent experience with real estate agents. It took way too long for her to respond to my questions. And when the deal was looking like it might head south, she apparently wasn't available.Title Company
There was one thing I do not like about how the title company handled things, and that has to do with money. As soon as I got my closing documents, I spoke with the title agent and clearly indicated that I was going to be wiring funds - I went to my bank that day and did so. Well, it took more than two weeks from that point for the sellers to get their docs in, and all-the-while the title company had my money. The title company should advise buyers who are wiring the funds to wait until closing is imminent to do the actual transfer. Its one thing for closing to take awhile....it's another when they have all the cash and you're waiting.So my advice is to go with a more professional sales broker with multiple staff members if you're looking to buy resale...I'm assuming they are more responsive than my sole-proprietor broker. Anybody have a similar experience? Would a professional business with more staff been more responsive?
And here's a detailed time-line of the events:
80s: Poly X 2, LBR X 3;
YC 10/02, 9/06
DL - Grand Californian 3/06
Disneyland Paris 9/07
Swan 9/08, 6/10
BLT 9/09, 12/10 - Father-Daughter Trip, 10/11, 10/12, 10/13
Disney-Like: Atlantis - Paradise Island 3/01, 3/02, 9/03, 9/05, 3/07, 4/08, 3/09, 4/10, 3/11, 4/12, 3/13, and 4/14
Last edited by GrnMtnMan; 12-30-2011 at 03:15 PM. Reason: typo
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