What it means to be a Trusted Real Estate Professional.The phone rings and the voice on the other end is a familiar voice from the past. A client from Florida."Hello Hannah its is Brian. How are you?" We laugh and catch up on the past.
Last year I sold one of Brian's investment properties he had purchased from me oh perhaps five maybe six years prior ..time does fly these days..It is hard to keep track of the time. It was an easy transaction . He was in Florida he trusted me as his real estate professional to list and sell his property in Phila Pa for him.He sent me a power of attorney. I posted the listing on our board and then in the MLS. I had and agreement of sale in 48 hours for $10,000 more than he expected,but $10,000 less than I would have liked to have sold it for..It was investment property and it was a quick sale .I would not sign any papers without discussing these options with Brian.
Have you ever met buyers or sellers that you immediately have a bond with? That as soon as you met them you knew you were on the same wave length.You just hit it off. There was trust. The trust was on both parts.They not only trusted you ;but you trusted them. Trust is something that must be earned;but some people are just trustworthy.This is our relationship. It has lasted many many years.
Now we are selling another investment property. I had checked out the property for him as his trusted Real estate professional.There was some damage to the property .The tenant had a leak in the bathroom .He had the leak fixed .Apparently it was leaking for some time because it caused damage to the ceiling. I took pictures and emailed them. Brian is an excellent contractor. (When I purchased my condo I trusted him to redesigned my bathroom for me.It is perfect. I love it.) He flew in from Florida to visit family in Pa for a long weekend.He fixed the problems.. He also discovered the electric and gas was shut off when replacing the range..
The Power of Attorney was drawn up and notarized. I just received the documents from Florida . I need to have my side notarized.This involves a large amount of trust and a large amount of fiduciary responsibility
Now I must get the property ready to be put on the market. The tenant has received proper notification and is willing to cooperate with showings. There will be a lock box on the property. Brian is going to make sure the utilities are turned on and paid up to date. He does have a landlord license in Philadelphia. When he purchased this home from his trusted Real estate agent in 2003. I reminded him that he must have one in the city of Philadelphia Pa. It will be submitted shortly to the MLS.
I do not expect this property to be on the market long.The property will be priced below market value. A great buy for a first time home buyer looking for the $8000 tax credit. Brian and I discussed what would be a fair market value.He Trusted my Real Estate opinion.Although he would have liked to have listed it for less. I would not have been doing my job or living up to my fiduciary relationship to the seller.
This is What is Means to be a Trusted Real Estate Professional in Phila Pa. When someone signs a Power of a Attorney and trusts you enough to appoint you to be their lawful and true agent;to sign and execute any and all documents,forms,etc, that are necessary to complete the sale/purchase of real property.