Anonymous

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Rainmaker
282,070
Joseph Domino 480-390-6011
HomeSmart - Scottsdale, AZ
Real Estate Made Easy

I really don't think you can evaluate a residential transaction the way you are asking. Every one is different. Every seller is different and every buyer is different. Add into the mix agents, lenders, appraisers, inspectors, HOAs and other players and it can get complicated real fast.

How much brainpower does it take to manage all these players? A lot!

Sep 22, 2017 05:52 PM
Rainer
91,075
Theo Shaw
Baird & Warner Residential Real Estate - Evanston, IL
Serving Evanston, IL & Beyond

On a scale of 1 to 10, any deal, at any time, can be a one, two, three, four, five, six, seven, eight, nine, or ten--subject to change with the next phone call, email, inspection, appraisal, or participants' actions or thoughts. 

Sep 22, 2017 08:17 PM
Ambassador
3,725,705
Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
The right Charlotte REALTOR!

Project management is really what we do and there is no transaction that is alike - the players change, the properties change and the attitudes change. 

We have to proactively think on our feet and be ahead of every single aspect of the transaction - some take micromanagement, others are easy peasy!

Sep 22, 2017 06:32 PM
Rainmaker
3,685,869
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Debe Maxwell, CRS has an excellent description of our role in the process --- project management.   And the 1 -10 reference really does depend on the individual transaction as Theo Shaw and Bob Crane answered.  

Sep 22, 2017 09:14 PM
Ambassador
4,770,376
Bob Crane
Woodland Management Service / Woodland Real Estate, Keller Williams Fox Cities - Stevens Point, WI
Forestland Experts! 715-204-9671

Depends on

  • the home
  • the municipality
  • the state
  • the sellers
  • the buyers
  • and a few other things.
Sep 22, 2017 06:37 PM
Rainmaker
3,508,585
Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

I can do this with my eyes closed. What does this mean does your number change if you're the listing versus buyer's agent? 

Sep 23, 2017 01:06 AM
Ambassador
3,985,382
Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

Every transaction is different. I have one right now that is taking a very high skill level and tons of patience and we are nowhere near the closing table yet.

Sep 22, 2017 09:14 PM
Ambassador
1,740,533
Alan May
Jameson Sotheby's International Realty - Evanston, IL
There's no place like home.

Thank you for you question Señor Anonymous.

If you're not a Realtor, it's a 10.

If you're a good Realtor, it's a 1.

It's just like brain surgery.  If I tried to do brain surgery it would be very difficult... maybe like 100... because I don't know what I'm doing, and I'm not trained at it.  I'm not a rocket surgeon.

Sep 22, 2017 08:57 PM
Ambassador
2,470,522
Fred Griffin Tallahassee Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

      Some are 1, some are 10.  It depends upon the property, the buyer, the seller, the other agent(s) involved, the lender, and lots of other factors.

Sep 22, 2017 06:47 PM
Rainmaker
2,888,501
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate

I could not say it any better than Corinne Guest, Managing Broker 

I prefer to be the listing agent as I have more control over the transaction therefore making it less stressful and"easier" to manage.  When working with a 1 on the other side ... not so much.

Sep 23, 2017 07:57 AM
Rainmaker
1,363,430
Anthony Acosta - ALLATLANTACONDOS.COM
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

Not as difficult as posting a question Anonymously. 

Sep 23, 2017 07:00 AM
Rainmaker
1,597,242
Kat Palmiotti
406-270-3667, kat@thehousekat.com, Broker, Blackstone Realty Group - brokered by eXp Realty - Kalispell, MT
The House Kat

Both the listing agent and buyer agent have to know how to handle paperwork - it's pretty much the same actually. On both sides there are various disclosures and right to represent forms and the like.

To be clear, though, the paperwork is the smallest part of a real estate job. It's the knowing what to do and how to do it that takes time and skill and effort. As Debe points out in her response, real estate professionals are project managers. In addition, they are business owners. In addition to knowing how to work with buyers and sellers, you need to know how to plan, budget, prospect, communicate, market, and more.

Good luck.

Sep 23, 2017 02:55 AM
Ambassador
4,257,410
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

There are so many factors that can intervene and turn what appears to be a simple transaction into a nightmare. It's a lot of work even if everything go well! It really is managing a project, and a number of tasks, deadlines, and players.

Sep 22, 2017 08:10 PM
Rainmaker
584,275
Nathan Gesner
American West Realty and Management - Cody, WY
Broker / Property Manager

I would say it's somewhere between 1 and 10. It depends on the transaction because some are very simple and some are very difficult.

Sep 23, 2017 07:24 AM
Rainmaker
3,648,807
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Each transaction deserves a score  of its own!

Sep 23, 2017 06:17 AM
Rainmaker
3,066,721
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty

Corinne Guest, Managing Broker nailed this one!

Sep 23, 2017 05:02 AM
Rainmaker
5,900,490
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Every transaction has challenges. Some are easy and many are difficult.

Sep 23, 2017 04:14 AM
Rainmaker
4,432,941
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Every transaction is different.

Sep 23, 2017 03:49 AM
Rainmaker
776,682
Olga Simoncelli
Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT
CONSULTANT, Real Estate Services & Risk Management

Everything is easy if you know what you're doing.

Sep 22, 2017 06:13 PM
Rainmaker
5,398,699
Barbara Todaro
RE/MAX Executive Realty - Retired - Franklin, MA
Previously Affiliated with The Todaro Team

practice makes perfect!!! and on a scale of 1 to 10 it's a 4

Sep 24, 2017 12:45 PM
Rainmaker
1,308,222
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

1.  It always amazes me that transaction coordinators exist and that some agents can't operate w/o them.

Sep 24, 2017 10:18 AM
Rainer
352,726
Teri Pacitto
Compass - Westlake Village, CA
Real Estate, Your Style...Your Home...My Specialty

Joseph Domino 480-390-6011 says it all.   Can't say it any better than that.  

Sep 24, 2017 09:59 AM
Ambassador
4,307,257
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

If you think it is 'difficult' it is, if you think it is easy, it is...

Sep 23, 2017 11:22 PM
Rainmaker
1,054,107
Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets
Big Block Realty 858.232.8722 - La Jolla, CA
& Host of Postcards From Success Podcast

It's harder to post your photo.

Sep 23, 2017 09:21 PM
Rainmaker
4,935,434
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Corinne Guest, Managing Broker summarized it beautifully.

Sep 23, 2017 04:43 PM
Rainmaker
467,654
Lynnea Miller
Bend Premier Real Estate - Bend, OR
Premier Real Estate Service in Central Oregon

This is a hard question to answer because each transaction is so different. A straight forward cash sale with no contingencies is very easy. A transaction involving many contingencies, water rights, septic issues, home repair issues, encroachments, lack of permits, etc is very difficult. On top of that, how responsive is the other agent on the other side? When you have lack of communication, the work load escalates.

Sep 23, 2017 10:53 AM
Rainmaker
426,038
Susie Kay
Ultra Real Estate Dallas Fort Worth - Plano, TX
North Dallas Specialist

It will be a 1- 10 depending upon the transcation!

Sep 23, 2017 09:10 AM
Rainmaker
4,798,831
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Every transaction is different.

Sep 23, 2017 06:48 AM
Rainmaker
1,412,427
Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

I don't think you have to be a rocket scientist, but you do have to be able to hold a transaction together to get it to close successfully.

Sep 23, 2017 06:18 AM
Ambassador
1,706,708
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

I will ask The Count from Sesame Street.

Sep 23, 2017 05:11 AM
Rainer
65,178
Steve Bracero
Heisler and Mattson - Shrewsbury, MA
First Time Homebuyer and Investor Specialist

great read here, depends on the property 

Sep 23, 2017 04:37 AM
Rainmaker
1,913,933
Evelina Tsigelnitskaya
SIB Realty - Sunny Isles Beach, FL
www.SIBRealty.org 305-931-6931

No idea.

Sep 21, 2018 02:14 PM
Rainmaker
1,454,632
Valeria Mola
SIB Realty - Miami, Sunny Isles Beach - Sunny Isles Beach, FL
305-607-0709 SIB Realty Condos for Sale and Rent

Depends of transaction

Sep 21, 2018 01:42 PM
Rainmaker
3,486,068
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

The more you do the easier it gets.

 

Sep 26, 2017 11:54 AM
Rainmaker
4,395,155
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

I agree with Corinne, easy transactions are hard to come by nowdays.

Sep 26, 2017 06:51 AM
Rainmaker
1,593,703
Sandy Padula and Norm Padula, JD, GRI
HomeSmart Realty West & Lend Smart Mortgage, Llc. - Carlsbad, CA
Presence, Persistence & Perseverance

It all depends

Sep 24, 2017 01:14 PM