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I am a buyer with an accepted offer on a house that I found due to seeing the "For Sale" less than an hour after it went up, at 8 PM. It didn't even hit the MLS that my real estate agent has access to, until the next day. And, it didn't hit realtor.com until a little while after that (a day or two? I don't remember!).
My agent was so cool, answered my "OMG!!" e-mail that night within 3 minutes and arranged for me to have the very first showing of that house, the following day. I had an offer in an hour later, less than 24 hours after that sign was put up.
This was a conventional situation, not a FSBO, but with both buyer and seller having their own realtor from two different major real estate companies.
Just waiting for closing... this house is a dream come true for me.
My agent was so cool, answered my "OMG!!" e-mail that night within 3 minutes and arranged for me to have the very first showing of that house, the following day. I had an offer in an hour later, less than 24 hours after that sign was put up.
Your agent was thinking..... I barely did anything and I'm making $15k on this deal. Money in the bank! LOL.
Newspapers are dead. Any agent that says let us advertise in the newspaper is out of touch. Internet is #1. The presentation of the home on the Internet/MLS is #2 (pics, video, facts, etc.). An agents circle of associates/contacts/experience is #3. Signage is #4. Open Houses are #5.
Your agent was thinking..... I barely did anything and I'm making $15k on this deal. Money in the bank! LOL.
LOL!!! That's OK. I made him show me the insides of 26 houses before I bought my present house with him. I think he was beginning to wonder if I'd EVER buy. That was in 2002. Since then, he showed me one house last September and then this house in May. So, it all averages out... LOL
Now, he'll get to sell my present house. He may have to earn his money in order to get that done, too.
LOL!!! That's OK. I made him show me the insides of 26 houses before I bought my present house with him. I think he was beginning to wonder if I'd EVER buy. That was in 2002. Since then, he showed me one house last September and then this house in May. So, it all averages out... LOL
Now, he'll get to sell my present house. He may have to earn his money in order to get that done, too.
How true. And the "law of averages" is not always on the agent's side.
Things move so quickly here, that I think it is best to keep up with new listings using Redfin or Zillow. In fact a Zillow listing is exactly how we found our house. We went to see it a day after it hit. Lucky for us the seller's agent listed it on a Sunday. We submitted a contract by Tuesday.
If he had submitted the listing on the previous Friday, I don't know if we would have been able to so quickly react.
Last graph I saw was along these lines: How buyers found their house:
38%-Agent
37%-web
11%-yard sign
6%-friend
4%-builder
3%-print
1%-other (open houses lumped in this category)
Other than builder's website you can definitely find new home on various listing sites of specific region like http://www.zillow.com, http://buzzbuzzhome.com/, http://toronto.craigslist.ca/ or may be some classified sites. Even i did the same! I was searching for new home and wanted to avoid agents.. so i did lot of research on web got common listings of http://www.bremonthomes.com. Thus buy home from this builder!
Last edited by amelietremblay6; 06-16-2015 at 11:45 PM..
Reason: Spell check and website
I belong to a meetup real estate investors groups and get emails pretty regularly from other investors with properties to sell.
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