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Old 02-23-2008, 07:56 AM
 
11 posts, read 46,370 times
Reputation: 15

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Thanks so much Bill.I agree 100% on what you have said. Thats why i think she was pushing the $285 offer,he came to her, the other had a realtor on the $310 bid.
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Old 02-23-2008, 09:37 AM
 
Location: Columbia, SC
10,916 posts, read 21,890,647 times
Reputation: 10549
Shoot, give someone money up front and a lot of time it's money thrown away. I'd love that as an agent, getting money up front, but the commission structure motivates me sell the properties, not just list them. If I could get a 1k guaranteed up front I'd list a whole bunch of homes, and would do it for whatever price and terms the seller wanted.

Yes, I think guaranteed money is a bad move for sellers.
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Old 02-23-2008, 01:16 PM
 
Location: Gilbert - Val Vista Lakes
6,069 posts, read 14,743,367 times
Reputation: 3876
Quote:
Originally Posted by Brandon Hoffman View Post
Shoot, give someone money up front and a lot of time it's money thrown away. I'd love that as an agent, getting money up front, but the commission structure motivates me sell the properties, not just list them. If I could get a 1k guaranteed up front I'd list a whole bunch of homes, and would do it for whatever price and terms the seller wanted.

Yes, I think guaranteed money is a bad move for sellers.
I agree Brandon. A friend of mine, whose fee was 6% had a seller want to hire her but on the condition that she cut her fee to 5%. This was a $300k home. She said she gave him the option of 6% or 5% with $1k up front, non-returnable if the home didn't sell, and credited toward the commission if the house sold.

The owner took the 6% option.
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Old 02-23-2008, 03:57 PM
 
27,206 posts, read 46,604,028 times
Reputation: 15661
What you paid $ 1,000 upfront. Why???? Are you considering renting it out and wait for the value to go up? Or a lease purchase.
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Old 02-23-2008, 06:35 PM
 
Location: Woodbridge Twp NJ
316 posts, read 1,246,860 times
Reputation: 60
I would have the other agent that you might list with write up her maketing plan
and have you and her sign it . So you know what you are getting into such as how many open houses she will have,where she will ads at to market your home.
I had an agent call me from fl last week because I sent her 4 listings.
she said see starting to see activity where she is in FL.
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Old 02-25-2008, 09:12 AM
 
930 posts, read 2,418,750 times
Reputation: 1006
Nice group hug you have going on here. Bill, for once I also agree with you 100%.
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Old 02-25-2008, 12:35 PM
 
Location: Barrington
63,919 posts, read 46,539,278 times
Reputation: 20674
I live in an area where it is not unheard of to get an offer of $100.00 on a $3MM home and this sort of thing began in 2005. Different cultures approach everything as negotiable.

An offer is nothing more than asking for a dance. Where it begins means nothing. All that matters is where you end up.

Sellers really need to understand this and not be offended. The focus has to be on the end result, not the journey.
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