Lockwood & Mead will no longer conduct business as we used to or like this brokerage firm still does:
A real-estate salesman says his former boss threw scissors at him, bit him, intentionally sneezed on him — and even urinated on his clothes.
That’s the old firm – we’re real dignified now, and sales associates are gonna love it.
It’s buying a data service that will feed members data on past sales prices, zoning, liens, etc. All of that information is already available but for the agent too dumb and lazy to find it, this will enable her to do so at a touch of a button. Full access to information is the future – in fact, it’s here – and it’s nice to see the hidebound NAR start to understand that.
Long term rental - maybe
With 280 houses awaiting foreclosure in town, the odds of renting one without being told that you could get tossed out by the foreclosing lender at any time are pretty good – especially because my colleagues don’t like to mention that possibility on their listing sheets. This one at 20 Heronvue is just the latest example. You can buy it for $4.350 million (but don’t offer less – we did, and were met by a stream of profanity that would have made my own Marine Corp Granny blush. We got a better deal up the street, though, so thank you, sir) or, as of today, you can rent it for $12,500 a month and, in the words of its agent Jay Cook, enjoy
NEWER CONSTRUCTION IN A PRIVATE HAVEN. 6 BEDROOMS, 5 FULL, 3 HALF BATHS, 4 CAR GARAGE, COMMUNITY TENNIS COURT. A HANDCRAFTED GEM. FLOODED W/LIGHT, DEFINED BY GREAT MATERIALS & STUNNING CRAFTSMANSHIP, THIS HOUSE WILL BE A COMFORTABLE RENTAL. ITS BEAUTIFULLY SITED WITH A BROAD LAWNS AND WOODLAND QUIETUDE
You may be comfortable and you may enjoy woodland quietude, but there’s certainly no guarantee of “quiet enjoyment” – the place has a $3.5 million mortgage on it that’s being foreclosed on. That action could be dragged out long enough for you to stay a full year here, or it may not, but wouldn’t you want to know about the possibility of being evicted some “quiet” Saturday morning?
I’m not picking on Jay in particular – there must be dozens of rental offerings on the market right now and none warn of pending foreclosures. But if agents and their brokers won’t disclose it, the Board ought to, because, supposedly, we’re all in this business to be fair and to protect the interests of all parties in a real estate transaction, not just the one paying our fee. Supposedly.
As of close of business today it looks as though the closing scheduled for today and sabotaged by a professional Realtor (capitalized and trademarked, if you please) has somehow survived his best efforts and will go forward Tuesday. If so, this delay will only cause interest to accrue at $985 a day for five more days, money that will go to the lender, not the agent’s client. D’uh.
I’m still at a loss to explain what dim circuit lighted up this fellow’s neurons and caused him to use a contractual condition that was of no concern to the buyer, the seller or either party’s lawyers to screw up the deal. He can’t explain it or won’t, and has retreated into radio silence, I hope from embarrassment.
I’m reminded of a kid I grew up with here in town who seemed to have had a few chromosomes go astray during gestation. He was a little slow – alright, a lot of slow – and as I watched him fail at job after job through the years I worried about him, until his mother, a local politician, arranged for a town job for him just before her own death. Now I see him around town clearing clogged storm drains and raking leaves and I’m glad – another ten years in the cold and he can retire with a pension and not spend his declining years sharing a cardboard box with me.
So I am not angry with this poor, befuddled guy who can’t sell real estate. I understand his handicap and I sympathize. In fact, I hope he too has a politically connected mommy who can take care of his future. He’s going to need it.
Next to soothing angry sellers whose houses won’t sell, a real estate branch manager’s most important task is poaching agents from competitors. Less money for the competitor, more money for the manager and his or her employer. That’s the theory, anyway – in actuality, the agents they persuade to jump ship are rarely top performers so I wonder what’s really accomplished by this elaborate game of musical chairs.
Nonetheless, today’s “Green Sheet ” from the Greenwich Board of Realtors shows that Coldwell Banker’s manager has been plying the coffee shops and raided three agents from Weikert. That’s nice for the agents: they’ll finally have access to a color copier – but I’d guess it won’t have any permanent, life-changing effect on them, Weikert or CB. But “CB moves,” it likes to say, so there they go.
Here’s a video of the process.