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Lets say that the deal is for a 6% commision and you split that and get your 2% of the deal after paying your broker. Maybe the thing to do is sell higher end homes then. I know several people that only deal in high end homes. The people that buy these homes have high end cars. If I am buying a home and have an E class Mercedes I may want to be in the company of someone that knows what I want out of life and can understand my lifestyle. I doubt that I would even be in the business to sell $300,000 homes. Figure that it would be just as much work to sell a $3,000,000 home and chances are the buyers for that end of the market have either cash, financing, and are ready to move on the deal.
I do know a realtor that has made a career out of selling forclosure properties and high end homes. He has been in the business for 30 or so years and drives a Chevy pickup. Now he does seem to buy a new truck every 3 or 4 years. He may even lease them, I don't know. He also has a late model Volvo.
If my financial planner drove a Bentley one day and an Aston Martin the next day, then I may begin to question if he's living high off of my money, and may disappear one day.
If he is driving a pickup, then I may question if he is successful.
If my Realtor came in a pickup without AC in Phoenix in the 120 degree August heat to drive me to see homes, then I may begin to question if I picked the right Realtor. (That's ok Mr. Realtor, I'll meet you at the property)
This discussion is fun. I have a 97 Ford van that I use for my rehab work. I have an appointment with a buyer at 4:30. Maybe just for fun, I'll go pick him up in that van to see his reaction
The realtor with the Honda 125 motorbike, was an ERA agent. They did bring out the Land Cruiser for my second look, but after I signed it was Tuk-Tuks and motorbikes. If you saw this lady, you too, would have enjoyed the motorbike ride. My attorney gave me a ride to the land office, she was even better looking than the Realtor; half Indian/half Chinese. She told me she splurged and bought the Honda Civic with the 1.5 liter, because the 1.3 liter didn't have enough zoom.
You must all know two things:
1. That buyers HATE when you take them to properties over their budget.
2. That buyers care about the House and not your car: on the flip side sellers care about Selling their house and not what vehicle u drive!!!!!!
Thanks for clarifying this! I had NO idea!
In this day and age, I'd say 99% of my buyers choose the houses they want to see. They do their searches and I do mine. We compare notes...most likely have the same listings. They choose what they want to see so I NEVER take them to properties over their budget.
If my financial planner drove a Bentley one day and an Aston Martin the next day, then I may begin to question if he's living high off of my money, and may disappear one day.
If he is driving a pickup, then I may question if he is successful.
If my Realtor came in a pickup without AC in Phoenix in the 120 degree August heat to drive me to see homes, then I may begin to question if I picked the right Realtor. (That's ok Mr. Realtor, I'll meet you at the property)
This discussion is fun. I have a 97 Ford van that I use for my rehab work. I have an appointment with a buyer at 4:30. Maybe just for fun, I'll go pick him up in that van to see his reaction
That is FUNNY that you said this...years ago when my oldest was a baby...
We called an Agent to see a few homes. He offered to pick us up at our home. He showed up in a very old car WITHOUT air conditioning. I have to tell you that I am very hot natured. I sat in the back with my son and hubby sat in the front. After 2 houses, son (who was about a year old then) was sweaty with bright red cheeks. At that time, I SUGGESTED that Agent take us back to our car and we'd drive our car to see the other houses.
Kinda scared me a bit when Agent said he didn't have the funds to fix the A/C!
I have a trick to motivate buyers in the summer. The more homes we see I start turning up the thermostat in the car. After awhile it sweats them out and they want to get it over ASAP.
Our Realtor was driving a 1999 Toyota 4Runner and had just sold a $700k house before we bought our house. He seemed to be doing well and he didn't have the typical flashy car that LA Realtors drive. I didn't see it as a negative.
I have my own engineering business and this reminds me of a conversation I had with my partner on whether it was a positive or negative to take my 1995 Porsche Carrera to job sites. At the end I didn't care and we always drove in my car to job sites. After the car was stolen a couple of years ago I now have no issues taking my Honda S2000.
If you owned a restaurant, would you let people sit on folding chairs and junky WAL*MART card tables to experience what you were serving for dinner?
My clients will be treated like kings and queens and with lots of respect given to the investment they are about to make.
I'll rent a Rolls if that will make them more comfortable.
I have a trick to motivate buyers in the summer. The more homes we see I start turning up the thermostat in the car. After awhile it sweats them out and they want to get it over ASAP.
No AC means a highly motivated buyer.
We had that happen to us in Florida. And it worked . . . We were highly motivated to use another agency
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I'll meet you at the property)
