| i Realty Properties |
| i Realty Properties Realty Michelle Chauvin MICHELLE CHAUVIN LISTED HOUSE FOR 5% ON MY $600,000 APRAISED HOUSE, TOOK BUYERS TO WHERE SHE COULD GET 6% |
| 6th of Aug, 2011 by User817012 |
| Michelle Chauvin became a broker with i Realty Properties in Henderson, Nevada. After any prospective seller or buyer reads what I have to say, they should run from this realtor. I will try to explain what how Michelle Chauvin destroyed me financially. In 2005, my house was appraised at $600,000 free and clear. A good business person will always negotiate in real estate matters. Realtors always try to get a 6% commission. I negotiated a 5% commission with Michelle Chauvin. How I wish I had never set eyes on her. She turned out to be the Angel of financial death for me. She placed her real estate sign on my front lawn, staged my furniture and brought in a small model boat which she placed at the top of my staircase, and told me that she practiced Feng Shui, a Chinese practice. She told me she always sold a house when she did this. Well, naive me, buys her story in a hot, hot real estate market. I truly believed she would sell my house. Why not? It sits on 10,000 sq. ft. and is over upgraded with a Pella leaded glass front door. Las Vegas had never seen a hot real estate market like this. And even houses that needed a llot of work, with no upgrades were selling for $600,000 plus. Every house was selling, people were paying more than the houses were worth, there were multiple offers, but Michelle Chauvin never brought one buyer to look at my house in almost a year that she had my listing. I kept giving her extentions. Because I believed that she would sell my house, I bought a new Lexus with my 850 fico score and took on $700 a month in car payments. I planned on paying it off, when my house sold. Instead, I got stuck with $700 a month car payments, when Michelle Chauvin after almost a year of having my listing, came to me and said, "I really tried to sell your house. I give up." Then she was gone and the hot real estate market crashed. To make a long story short, after four years of paying $700 a month in Lexus car payments, I caved in. I got my car repossessed, went through all of my savings, panicked and got into a Reverse Mortgage on a property that was free and clear. My house was appraised at $317,000 and then the nightmare got worse. This Reverse Mortgage company gave me $201,984.07 in credit, stole $215,000 and perpetrated illegal predatory lending fee's. I am now living off what equity is left. I am now with a law group that found me through the list of reverse mortgage victims. The courts forced this mortgage company to release the list. I had to put up $4,000 of what is left of my equity to opt into this nationwide pending lawsuit against this mortgage company. I am positive I will get my house back free and clear and a monetary cash settlement. The worst part of my story is it took me forty years to have this property free and clear. It took six years to figure out why Michelle Chauvin didn't show my property once, blew the hot real estate market for me and caused me enough grief for ten life times. The answer is everytime a potential buyer called on my property, she would take them to another property for a 6% commission. Other realtors would always get 3% on a 5% commission. Michelle Chauvin would only get half of a 3% commission giving her a 1 1/2 % commission, instead of a 3% on a 6% commission. Yes, Michelle Chauvin sold me out, knowing my property was free and clear. Sellers and buyers, stay away from Michelle Chauvin. She will sell you out. |
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Sounds like Ms Chauvin was not totally to blame here. I believe that you "negotiated" a reduced commission - was that "greed" on your part or were you just being "shrewd"? In a hot market not the smartest thing to do. A "listing" agents job is NOT to sell your home, thier job is to market the home. One of the major mistakes that people make is that they "overprice" their home to the market. If you home was on the "hot" market as you say, then why was it not being sold? Price maybe? By giving extensions to an agent in a hot market is also not the best way to sell a home. If the agent isn't selling it during a "hot" market, then you should have asked to have the contract withdrawn. The car payments have nothing to do woith your complaint against this realtor. Also the "reverse mrtgage" fiasco that you got into was not Ms Chauvins causing, unless you are going to blame her for everything that will happen the rest of your life!! Barbara, lets be honest here, as I know that Ms Chauvin, did bring a "buyer" to your property and you REJECTED that offer as it was to low!!
So with all this verbage that you are throwing against someone, let's let the entire truth be known. It's very easy for someone to post these kinds of acusations about another person, but when you are only telling "half-truths" and a bunch of BS about your car and Mortage - Get real! |
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Well, you really don’t give us consumers much credit for having a brain and making up our own minds about things. So after reading your story I may actually want to work with this realtor.
Your house was free and clear, you say. Then it would not matter whether you sold the house or not, regardless or good or bad market, why would you have any financial ruin? Free and clear is free and clear.
She staged your furniture practicing Feng Shui and she didn’t charge you for that? Wow, do you have any idea what that costs and how fortunate you are that she did that for you? You probably had a lot of negative energy in that house. Judging by your post, I suspect that the negative energy is still quite pervasive in your house and that certainly repels potential buyers.
As far as having a 10, 000 sq. ft. lot, that doesn’t mean much because not all lots are flat and if they have a heavy slope to them, there is a lot of unusable space. You did not mention if your lot is flat or not.
You admit that your house is over upgraded. You do know that having the best house in a neighborhood is not as beneficial as having the worst house in a neighborhood with houses better than yours.
It isn’t the listing agent’s job to work as a buyer’s agent and work with all the potential buyers to personally show your property. The listing agent’s job is to advise the seller regarding price, try to make the property as appealing as possible, do the marketing. If you make too many demands on access to the property that has a negative effect on Buyer’s Agents being able to show the place. You did not mention whether you restricted the hours or whether you insisted of being present at every showing. Depending on your personality, it usually is a good idea for the owner not to be present as that can turn the buyers off and you will never know it.
You bought a new Lexus and you blame the agent? You’re really out of your mind on that one. That was your decision and nothing to do with this agent that you so want to crucify.
I can see why you are in such financial trouble, you can’t do math very well or you just don’t understand how things work. You say your agent didn’t show your property (which I already explained was not her job) and you say it is because you negotiated a 5% instead of 6% commission. When my house was on the market, my agent put a lockbox on the house. People didn’t have to call my agent to go show the house. They would just use the lockbox and show the property. So unless you put some weird restrictions on access, there was no reason for agents to call her. If a buyer called her directly and your accusation is that she took them elsewhere for 6%? You are assuming that the property that she took them to was also her listing because that is the only way she would be able to get 6%. Then you say that she would only get half of a 3% commission giving her a 1 1/2 % commission??? So is this fact or you just think may have happened? You know you are opening yourself up to some kind of defamation lawsuit.
You yourself stated that your agent really tried to sell your house and she gave up. She might have been fed up with you for what I suspect is not adjusting your price and being obstinate about it thinking your house was worth so much more than everyone else’s (your did say it is over upgraded). You did not mention whether you had your house on the market before. How many other agents preceded this one? How many other agents came after this one? Were the results any different? I would bet the results were similar even if you offered them 6% commissions.
I don’t know this agent that you have fixated on to pin your poor decisions on her. My guess is that she is a good agent, probably one that went above and beyond to help you – bringing her expertise of Feng Shui, accepting a 5% commission instead of 6% and marketing your property for a year (and incurring marketing expenses all the while).
Lady, I’m sorry to totally disagree with you about your agent selling you out. The only one that sold you out is yourself. Personally, I would like meet the agent you had, but not so sure that I would want to meet you. |
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