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Old 07-08-2008, 01:58 PM
 
Location: Huntersville
1,521 posts, read 4,482,404 times
Reputation: 298

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I have some charts I could post for May and June but it may cross the boundry line on the TOS so therefore if you would like to see them send me a DM and I'll give you the link.
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Old 07-08-2008, 01:58 PM
 
17 posts, read 37,236 times
Reputation: 14
Quote:
Originally Posted by Kari Strong View Post
Wait did someone say a seller's agent doesn't do anything???? WOW- you must be talking about the listing agents that would be happy to put your home on MLS for 1% and let it sit there.
Ok I think we all agree you get what you pay for. If you want a 4% listing you will get 4% service. I, for example, am confident in saying I have an outstanding marketing program and am very driven when it comes to selling homes and will not settle for 1%. Many brokers are worth every dollar they are paid, just like any other profession. Would you do your job at 100% if your boss paid you 66% less? It's a good way to look at it.
One should do their job 100% regardless
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Old 07-08-2008, 02:37 PM
 
Location: Charlotte, NC
195 posts, read 482,683 times
Reputation: 56
"Should" is the key word in that sentence.
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Old 07-08-2008, 02:44 PM
 
17 posts, read 37,236 times
Reputation: 14
Quote:
Originally Posted by Kari Strong View Post
"Should" is the key word in that sentence.
Yep and anyone with a shred of integrity "should" do their job 100% like I said. (but none of us do)
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Old 07-08-2008, 03:53 PM
 
7,109 posts, read 9,731,434 times
Reputation: 2564
Quote:
Originally Posted by berryjuice4life View Post
right on the money as ive been a realtor in NJ for 6.5 yrs a good listing agent will do the advertising, is there for inspections, does the negotiating when an offer comes in, does the best to get you the best deal, A good agent is there every step of the way...but again I wont go into it.....NOT ALL listing agents are good I will give you that, but the GOOD ones will do whatever they can to try and get it sold...Also remember these market conditions arent easy to sell homes in right now, and since the market dictates everything what else can I say...

good luck in your decision....me personally I dont like Buyer agent Bonus's they should want to sell a house regardless of whether or not they make an extra 1,000 bucks...I always told my clients whether or not there was a bonus on it because I didnt just show a property because I was getting a bonus....the buyers agent does work very hard which also is their job and a good buyer agent knows their clients wants and needs...
You left out (I'm sure not intentionally) the most important first step--and that is to advise the seller where the house should be priced at. Advise comps, last sales, differences bet. your & theirs. And when the seller doesn't want to let go of "their baby" the house that has "so many memories that I can't bear letting go at any price" he is there to hold her dear little hand and tell her the right price is $140,000 NOT $295000$$$$$$$$$$$$$$$!!!!! That my friends is the hard part of their job. Like going to someone's house to report a death in the family.
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Old 07-08-2008, 04:21 PM
 
Location: Trinity Florida
7,930 posts, read 17,788,392 times
Reputation: 1997
Quote:
Originally Posted by johne482 View Post
You left out (I'm sure not intentionally) the most important first step--and that is to advise the seller where the house should be priced at. Advise comps, last sales, differences bet. your & theirs. And when the seller doesn't want to let go of "their baby" the house that has "so many memories that I can't bear letting go at any price" he is there to hold her dear little hand and tell her the right price is $140,000 NOT $295000$$$$$$$$$$$$$$$!!!!! That my friends is the hard part of their job. Like going to someone's house to report a death in the family.

You are SO right.LOL I cant beileve I left that out....that is the most important component to the house selling....unfortuantely not everyone is going to profit in this market, however it depends how badly one wants to sell and what the market will bare and most importantly what a potential buyer will pay for it...

Thanks John
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Old 07-08-2008, 04:24 PM
 
Location: Concord, NC
367 posts, read 929,575 times
Reputation: 117
We sold our house in Oregon in May 2007. We used a discount brokerage firm. The deal there was if they brought the person that buys your house it is 1%. If another firm brings the buyer, you have to pay their agent. We ended up paying 4% total. The house sold in three weeks, but those were in better times. I listed the house at what I wanted to list it, which was 13,000 more than what she advised. We sold it for my asking price. She was surprised and happy
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Old 07-08-2008, 04:49 PM
 
7,109 posts, read 9,731,434 times
Reputation: 2564
Quote:
Originally Posted by stephen424 View Post
BABYFACE,

I don't see how asking them to lower to 4% would "unmotivate" them.
4% is still better than zero
Steve--it seems that I am going to have to slap you around a bit. It's a good thing you're around friends here. Your logic is flawed when you say "4% is still better than zero" because ONLY YOU is starting with the assumption that you are going to get a good RE agency with a great, experienced agent to put you ahead of another dozen people with the same house as yours at FOUR PERCENT. Please excuse the caps but sometimes that's necessary with people that have thick heads.Why are you so hung up on reducing a commission before you know (a) who will sell your house (b) at what price (3) what the agency will do for you?----why are the 2 pts. of commission so hard to give up and for you to understand what some other very smart people have told you so far?

I think you need to understand IN THIS MARKET (not like 2-4 years ago) they don't need you. Make believe this is a Dear John letter..OK?..and you're Steve and I'm John.Aw schucks isn't it suppose to be the other way around or something like that?

Don't have anything else to say on this matter other than Good LucK!
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Old 07-08-2008, 06:18 PM
 
236 posts, read 731,881 times
Reputation: 139
JOHNE482

lets just i am trying to sell my home for 200k.
at 6%, the realtor would get 12,000 right? at 4% he'd get 8k, right?

thats a 4 thousand dollar difference....4 thousand less in my pocket.
maybe you're rich and 4k isn't alot to you. but to me, that's alot.
i could use that 4k for another bedroom in my new house...granite countertops...wood flooring....wrought iron balusters...upgraded carpet with 8lb padding...an irrigation system for the whole yard....a wrought iron fence outside...i could make 10 car payments...2 1/2 mortgage payments....

there's so much i could do with that extra 4k!!

and what do you mean "in this market" they don't need me. so how are they making money if they don't need "me" in a slow market?
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Old 07-08-2008, 06:23 PM
 
Location: Up above the world so high!
45,269 posts, read 88,516,378 times
Reputation: 39856
Quote:
Originally Posted by stephen424 View Post
JOHNE482

lets just i am trying to sell my home for 200k.
at 6%, the realtor would get 12,000 right? at 4% he'd get 8k, right?

thats a 4 thousand dollar difference....4 thousand less in my pocket.
maybe you're rich and 4k isn't alot to you. but to me, that's alot.
i could use that 4k for another bedroom in my new house...granite countertops...wood flooring....wrought iron balusters...upgraded carpet with 8lb padding...an irrigation system for the whole yard....a wrought iron fence outside...i could make 10 car payments...2 1/2 mortgage payments....

there's so much i could do with that extra 4k!!

and what do you mean "in this market" they don't need me. so how are they making money if they don't need "me" in a slow market?
He means that in this buyers market it is more profitable to be a buyers agent. It's the old supply and demand theory - there is a huge supply of people like you trying to sell and only so many buyers to go around - now more than ever you need the most experienced realtor you can get. Trying to undercut one their commission is not likely to net you one you'd have the most success with.
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