In our travels in a Maine real estate day to day operation, from time to time run in to family situations where property is involved.In your experience with family, and we're not talking immediate live in the same household type, but your garden variety first, second cousins, aunts and uncles sort of relatives. How has the transaction gone for you?
Smooth sailing, bumpy flying or never really thought about it now as you look back and take inventory?
At times because the buyer or seller of real estate is family, expectations can be higher from all sides. And some members may see you as still eight years old even if you are wearing an "R" the hardest working letter in the alphabet.
And delivery of product, services to family members causes complaints that relatives can become low man on the totem pole. Take a number, have a seat and instead of better service, no or lack luster handling. Is it like the "don't buy a car from a mechanic" thinking that too busy with what he considers real, paying customers? And is would you do it for free the reason for the avoid you like kryptonite syndrome? And even if a money paying customer holding up your ticket for the real estate ride, for some reason would it have been better to not link up with someone that has the same dna trickling thru their veins? Why is that and has that been your experience?
Maybe the advice, protection and over, above guidance to say a 20 year old ME real estate buying cousin who you make sure knows the cardinal mistake of big elaborate additions on their mobile home and your warnings, fatherly advice. They might not like it, need it, or just over their head.
Or as a relative REALTOR, real estate agent, broker you get a listing on a family property from dear departed aunt and uncle what's their name and you're told the value. Cut and dry this is what the personal representative wants for the place. Don't care about market analysis, comps, competing listings. No place compares to Mom and Dad's thinking where as a mild manner ME REALTOR I see the sticks, bricks. Not just the nice aunt in the apron asking if you would like one more home made molasses date filled cookie hot out of the wood stove cook oven, parked next to the home made yellow eye or soldier baked beans.
Where in a normal CMA on the kitchen table chit chat you would have been a little more forceful about warning about wiggle room the size of Kansas proportions tacked on. But maybe as family they remember you as a little kid in shorts eating watermelon and be pretty good at horse shoes. Not sure about this real estate game, never played it with you before. But they'll give it a whirl, as Home Alone's Kevin tells the check out gal.
Because ten family members are dividing the property spoils and add some extra water to the property soup to stretch it to fill more open wallets at the end of the deal. But when it does not sell, the famiy loyalty is jettisoned, deep sixed as you sense cousins not so bosom buddied, friendly, child hood happy as you remember them.
It's the broker's fault who seems to be siding with the family segment, faction that is muttering more loudly I could have told you ma and pa's property was over priced. That we needed to get rid of all this stuff.
Should have listened to his advice about painting this, replacing that to make a real estate SOLD sign show up on the front lawn quicker.
What happened to all those "kissing" cousins you played with summers at the Maine lake?
The ones you ate hot dogs, hamburgers, waited a half hour to swing on rope into the lake water and sang songs around a fire with?They married, and the cousins's spouses are sharp nosed, giving advice and only related to you by marriage. They may not know you, care to know you, and don't remember you in childhood family gatherings. They were not at them or in the one big happy family picture yet. It's become a sticky situation and suddenly family in business means it could be fun or tedious as you try to stay family tight, friendly. You may see the place Aunt Bea made those killer apple pies and cinammon buns with a Brand X real estate sign a year later after the family ignores the real property value you urged them to list at that went on deaf ears, ignored. The new price the one you quoted, predicted twelve months earlier would be the right one to scribble on the property yard sale tag.
Maine, she's grab your heart, she will not let go. And you'll be comfortable here.