Miami Dade Real Estate Scoop: March 2009

Greed. Greed. And More Greed.

one is not enough I'm so tired of the greed. Everyone needs to make a living. But charging fees to a client that isn't your own because your client is not paying it, is WRONG.

I have a buyer who's been looking at foreclosures. Today we found one he'd like to make an offer on. When I saw who the listing agent is, I cringed. I've dealt with them before. They're the kind that stipulate in the Broker's Remarks : DO NOT CALL OUR OFFICE TO FIND OUT IF YOUR OFFER WAS RECEIVED. Gee, I thought that's what offices, phones and staff were for; to provide customer service.

Anyway, that's not my beef with them today. When I looked further in the remarks it states that the buyer "must pay a $325 compliance fee for maintaining records and files." The only reason they are charging my buyer this is because their seller won't pay it to them!

My buyer is already agreeing to pay my brokerage firm our administrative charge. Why should he get hit with a double whammy and have to pay the seller's side of the listing office fee because the seller refuses to pay it?

By the way, we've been on the other side of this as well and we do NOT charge buyers of our REO listings our administrative fee even though the seller (bank) is not paying us. We waive it because it's the right thing to do. The seller is sending many listings our way, and we are going to show them our appreciation for those listings by charging our administrative fee to the buyer?! No. That would be wrong.

Maggie Dokic is a licensed real estate broker in the state of Florida selling residential real estate in Miami, Palmetto Bay, Pinecrest, Coral Gables, Gables by the Sea, High Pines and the Redland.

For more information on our local real estate market, or to see or sell a home in Miami, Palmetto Bay, Pinecrest, Coral Gables or the Redland, visit my Miami Real Estate blog or contact me at Maggie (at) TheBlogThatAteMiami (dot) com.

The opinions expressed herein, are those of the author, and not necessarily of EWM Realtors.

Maggie Dokic, SFR is a licensed real estate broker in the state of Florida selling residential real estate in Miami, Palmetto Bay, Pinecrest, Coral Gables, Gables by the Sea, High Pines, the Redland and other select areas of SW Miami-Dade County.

Maggie has earned her SFR certification to be able to better serve the needs of her customers in today's non-traditional real estate market. SFR is a Short Sale, Foreclosure Resource Specialist. Designees have been trained to understand the highly specialized options available to Sellers facing short sales & foreclosures and Buyers looking to buy them.

For more information on our local real estate market, or to see or sell a home in Miami, Palmetto Bay, Pinecrest, Coral Gables or the Redland, visit my Miami Real Estate blog or contact me at Maggie (at) TheBlogThatAteMiami (dot) com.

The opinions expressed herein, are those of the author, and not necessarily of Keller Williams Realty.

None of this information is to be deemed legal or financial advice. Please contact your attorney or accountant for same.

18 comments • Pinecrest | Palmetto Bay | Maggie Dokic, SFR • March 17 2009 10:15AM

Palmetto Bay Foreclosures - Great Deals Available

Have you been looking at foreclosures in Palmetto Bay? Here's the latest home listings in the foreclosure sector.

Palmetto Bay foreclosures are a great way to get a good deal on a home in the area. Of course, inspections are in order, as in any home purchase. Just because you're buying AS IS, as most foreclosures are sold, doesn't mean you can't perform an inspection.

As of today there are 228 single family homes for sale in Palmetto Bay. Of those, 21 are foreclosures. Of those 21, I am providing a link to the 16 that I feel represent the best value. Click on the picture below for more details.

This is a live link, which means that as soon as information is updated on the multiple listing service, you will see the updates here also. That includes the addition of pictures if there are none now.