05-06-2019, 03:22 AM
276 posts, read
283,269 times
Reputation: 461
"Semi Retiring" to Orlando from the Northeast, will be renting in either Windermere or Winter Garden for at least a year or two to determine if we like the community.
Flat Free Brokers, have become more popular here, which I believe will help my FSBO listing by having the listing on MLS, Realtor.Com, Zillow, Trulia, and other partner sites. We decided to use the flat fee broker and are offering
2.5% broker cooperation for a buyers agent. This will be our 5th home that we have bought and sold in almost 36 years of marriage. I had a real estate license for a short period of time, sold 1 home, but am an inactive license. We feel confident that we can represent ourselves well as the selling agent; we also have employed the services of an attorney that we previously used in two of our transactions. We believe that we have a very "sellable" home, impeccably maintained, very desirable family oriented neighborhood 14 year young home and our lucky enough at this moment to have no other homes in the development on the market, two are under contract using a full service broker. We recently went "live" on MLS, only 5 days now on market, have had one showing, one very detailed inquiry from another agent on MLS, but expected to have more interest so far.
We are able to substantiate our selling price by using the purchase price from 9 years ago, plus ugrades such as 2 year old New Central Air, New Insulated Pella Garage Doors, 5 year old Carpet Upstairs, etc, 1 year old 75 gal HW heater, etc. We feel that local agents "may" be boycotting home, waiting for us to give them a full service listing. We have only gone "live" on May 1st, but thinking of increasing the broker cooperation fee to
3% to generate more interest. Is it too soon to increase the broker cooperation fee?
Can sellers who have successfully used a flat fee listing with broker cooperation or any brokers/agents weigh in here? Real Estate Law prohibits outright boycotting technically, but where is the burden of proof.
I truly feel that the local agents are saying, lets hang back and they will list full service and then we will go after it.
Thanks in advance for any insight!
05-06-2019, 05:15 AM
8,005 posts, read
7,229,238 times
Reputation: 18170
Quote:
Originally Posted by
lovetotravel15
We are able to substantiate our selling price by using the purchase price from 9 years ago, plus ugrades such as 2 year old New Central Air, New Insulated Pella Garage Doors, 5 year old Carpet Upstairs, etc, 1 year old 75 gal HW heater, etc. We feel that local agents "may" be boycotting home, waiting for us to give them a full service listing. We have only gone "live" on May 1st, but thinking of increasing the broker cooperation fee to
3% to generate more interest. Is it too soon to increase the broker cooperation fee?
Can sellers who have successfully used a flat fee listing with broker cooperation or any brokers/agents weigh in here? Real Estate Law prohibits outright boycotting technically, but where is the burden of proof.
I truly feel that the local agents are saying, lets hang back and they will list full service and then we will go after it.
Thanks in advance for any insight!
You're offering 2.5% now. Why would any agent boycott your listing? They're getting paid the same as if you listed full-service and offered out 2.5%. I think it's extremely doubtful that an agent with a buyer ready to buy a house like yours would not show it and collect the 2.5%.
How sure are you of your asking price? You went into a lot of detail to justify it which makes me think it might be optimistic. That's the number one reason properties get few or no showings.
On another note: do you know what happens in the event of an escrow dispute if you decide to hold the escrow at your attorney's office?
05-06-2019, 08:24 AM
20 posts, read
19,773 times
Reputation: 46
whats the $ value of the 2.5%? Id go 2% personally if its 500k+. and at some point id go flat fee. most buyers look for themselves online now and if you get professional photos and stage your property well it will sell itself.
05-06-2019, 08:49 AM
210 posts, read
271,726 times
Reputation: 202
My parents have used flat fee successfully twice. I advised my dad to start at 3% and if it came down to it he could negotiate to 2.5%. While no agent should be skipping your listing based on .5%, the greedy ones may. How are your pictures? The other bit of advice I gave my parents was to hire a professional photographer. It only cost them $150 and the images were stunning. And are you really certain you are priced well?
05-06-2019, 02:18 PM
605 posts, read
712,806 times
Reputation: 778
Get an appraisal. You're most likely overpriced. A few hundred dollars on an appraisal will tell you a LOT. Totally worth it.
05-06-2019, 02:34 PM
24,409 posts, read
26,980,377 times
Reputation: 20003
I don't buy homes from FSBO.
05-06-2019, 02:39 PM
605 posts, read
712,806 times
Reputation: 778
Quote:
Originally Posted by
bmw335xi
I don't buy homes from FSBO.
I wouldn't buy a FSBO either. I don't want to deal with an emotional seller directly. Too unpredictable and too much emotion involved.
I'm sure he knows how to do a CMA, but probably has no access to the MLS so he can't get good data. And there's so much nuance to it, that he's probably not proficient having sold one house in his whole career.
Many people think that an agent is unnecessary, but I disagree. I think a GOOD agent is worth every penny. Not every agent is a good agent, however. Maybe 10-20% of them are. So that's where the problem is.
05-06-2019, 02:52 PM
Location: USA
1,599 posts, read
1,433,307 times
Reputation: 1552
I'd pass on FSBO.
05-06-2019, 06:40 PM
12,017 posts, read
14,337,386 times
Reputation: 5981
Quote:
Originally Posted by
FireStation46
I'd pass on FSBO.
Seems silly imo... Honestly realtors seem like the next tech disruption. We went to the listing agent directly and bought a place well below the comps in the neighborhood and the selling agent of course got both commissions so they were incentivized to deal directly with us
05-06-2019, 08:12 PM
24,409 posts, read
26,980,377 times
Reputation: 20003
Quote:
Originally Posted by
chopchop0
Seems silly imo... Honestly realtors seem like the next tech disruption. We went to the listing agent directly and bought a place well below the comps in the neighborhood and the selling agent of course got both commissions so they were incentivized to deal directly with us
A realtor is more important on the listing side vs buying side like in the OP’s situation. However, a good realtor is still nice to have on the buying side for help with various things like renovation estimates, connections with contractors, general advice, etc. A novice buyer can be taken advantage going directly to the listing agent as well. In California, you have to sign a disclosure that says I know the listing agent is working in the best interest of the seller and not mine. An experienced buyer it doesn’t matter though.
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Class of Workers - State government workers (%)
Class of Workers - Federal government workers (%)
Class of Workers - Self-employed workers in own not incorporated business and Unpaid family workers (%)
House heating fuel used in houses and condos - Utility gas (%)
House heating fuel used in houses and condos - Bottled, tank, or LP gas (%)
House heating fuel used in houses and condos - Electricity (%)
House heating fuel used in houses and condos - Fuel oil, kerosene, etc. (%)
House heating fuel used in houses and condos - Coal or coke (%)
House heating fuel used in houses and condos - Wood (%)
House heating fuel used in houses and condos - Solar energy (%)
House heating fuel used in houses and condos - Other fuel (%)
House heating fuel used in houses and condos - No fuel used (%)
House heating fuel used in apartments - Utility gas (%)
House heating fuel used in apartments - Bottled, tank, or LP gas (%)
House heating fuel used in apartments - Electricity (%)
House heating fuel used in apartments - Fuel oil, kerosene, etc. (%)
House heating fuel used in apartments - Coal or coke (%)
House heating fuel used in apartments - Wood (%)
House heating fuel used in apartments - Solar energy (%)
House heating fuel used in apartments - Other fuel (%)
House heating fuel used in apartments - No fuel used (%)
Armed forces status - In Armed Forces (%)
Armed forces status - Civilian (%)
Armed forces status - Civilian - Veteran (%)
Armed forces status - Civilian - Nonveteran (%)
Fatal accidents locations in years 2005-2021
Fatal accidents locations in 2005
Fatal accidents locations in 2006
Fatal accidents locations in 2007
Fatal accidents locations in 2008
Fatal accidents locations in 2009
Fatal accidents locations in 2010
Fatal accidents locations in 2011
Fatal accidents locations in 2012
Fatal accidents locations in 2013
Fatal accidents locations in 2014
Fatal accidents locations in 2015
Fatal accidents locations in 2016
Fatal accidents locations in 2017
Fatal accidents locations in 2018
Fatal accidents locations in 2019
Fatal accidents locations in 2020
Fatal accidents locations in 2021
Alcohol use - People drinking some alcohol every month (%)
Alcohol use - People not drinking at all (%)
Alcohol use - Average days/month drinking alcohol
Alcohol use - Average drinks/week
Alcohol use - Average days/year people drink much
Audiometry - Average condition of hearing (%)
Audiometry - People that can hear a whisper from across a quiet room (%)
Audiometry - People that can hear normal voice from across a quiet room (%)
Audiometry - Ears ringing, roaring, buzzing (%)
Audiometry - Had a job exposure to loud noise (%)
Audiometry - Had off-work exposure to loud noise (%)
Blood Pressure & Cholesterol - Has high blood pressure (%)
Blood Pressure & Cholesterol - Checking blood pressure at home (%)
Blood Pressure & Cholesterol - Frequently checking blood cholesterol (%)
Blood Pressure & Cholesterol - Has high cholesterol level (%)
Consumer Behavior - Money monthly spent on food at supermarket/grocery store
Consumer Behavior - Money monthly spent on food at other stores
Consumer Behavior - Money monthly spent on eating out
Consumer Behavior - Money monthly spent on carryout/delivered foods
Consumer Behavior - Income spent on food at supermarket/grocery store (%)
Consumer Behavior - Income spent on food at other stores (%)
Consumer Behavior - Income spent on eating out (%)
Consumer Behavior - Income spent on carryout/delivered foods (%)
Current Health Status - General health condition (%)
Current Health Status - Blood donors (%)
Current Health Status - Has blood ever tested for HIV virus (%)
Current Health Status - Left-handed people (%)
Dermatology - People using sunscreen (%)
Diabetes - Diabetics (%)
Diabetes - Had a blood test for high blood sugar (%)
Diabetes - People taking insulin (%)
Diet Behavior & Nutrition - Diet health (%)
Diet Behavior & Nutrition - Milk product consumption (# of products/month)
Diet Behavior & Nutrition - Meals not home prepared (#/week)
Diet Behavior & Nutrition - Meals from fast food or pizza place (#/week)
Diet Behavior & Nutrition - Ready-to-eat foods (#/month)
Diet Behavior & Nutrition - Frozen meals/pizza (#/month)
Drug Use - People that ever used marijuana or hashish (%)
Drug Use - Ever used hard drugs (%)
Drug Use - Ever used any form of cocaine (%)
Drug Use - Ever used heroin (%)
Drug Use - Ever used methamphetamine (%)
Health Insurance - People covered by health insurance (%)
Kidney Conditions-Urology - Avg. # of times urinating at night
Medical Conditions - People with asthma (%)
Medical Conditions - People with anemia (%)
Medical Conditions - People with psoriasis (%)
Medical Conditions - People with overweight (%)
Medical Conditions - Elderly people having difficulties in thinking or remembering (%)
Medical Conditions - People who ever received blood transfusion (%)
Medical Conditions - People having trouble seeing even with glass/contacts (%)
Medical Conditions - People with arthritis (%)
Medical Conditions - People with gout (%)
Medical Conditions - People with congestive heart failure (%)
Medical Conditions - People with coronary heart disease (%)
Medical Conditions - People with angina pectoris (%)
Medical Conditions - People who ever had heart attack (%)
Medical Conditions - People who ever had stroke (%)
Medical Conditions - People with emphysema (%)
Medical Conditions - People with thyroid problem (%)
Medical Conditions - People with chronic bronchitis (%)
Medical Conditions - People with any liver condition (%)
Medical Conditions - People who ever had cancer or malignancy (%)
Mental Health - People who have little interest in doing things (%)
Mental Health - People feeling down, depressed, or hopeless (%)
Mental Health - People who have trouble sleeping or sleeping too much (%)
Mental Health - People feeling tired or having little energy (%)
Mental Health - People with poor appetite or overeating (%)
Mental Health - People feeling bad about themself (%)
Mental Health - People who have trouble concentrating on things (%)
Mental Health - People moving or speaking slowly or too fast (%)
Mental Health - People having thoughts they would be better off dead (%)
Oral Health - Average years since last visit a dentist
Oral Health - People embarrassed because of mouth (%)
Oral Health - People with gum disease (%)
Oral Health - General health of teeth and gums (%)
Oral Health - Average days a week using dental floss/device
Oral Health - Average days a week using mouthwash for dental problem
Oral Health - Average number of teeth
Pesticide Use - Households using pesticides to control insects (%)
Pesticide Use - Households using pesticides to kill weeds (%)
Physical Activity - People doing vigorous-intensity work activities (%)
Physical Activity - People doing moderate-intensity work activities (%)
Physical Activity - People walking or bicycling (%)
Physical Activity - People doing vigorous-intensity recreational activities (%)
Physical Activity - People doing moderate-intensity recreational activities (%)
Physical Activity - Average hours a day doing sedentary activities
Physical Activity - Average hours a day watching TV or videos
Physical Activity - Average hours a day using computer
Physical Functioning - People having limitations keeping them from working (%)
Physical Functioning - People limited in amount of work they can do (%)
Physical Functioning - People that need special equipment to walk (%)
Physical Functioning - People experiencing confusion/memory problems (%)
Physical Functioning - People requiring special healthcare equipment (%)
Prescription Medications - Average number of prescription medicines taking
Preventive Aspirin Use - Adults 40+ taking low-dose aspirin (%)
Reproductive Health - Vaginal deliveries (%)
Reproductive Health - Cesarean deliveries (%)
Reproductive Health - Deliveries resulted in a live birth (%)
Reproductive Health - Pregnancies resulted in a delivery (%)
Reproductive Health - Women breastfeeding newborns (%)
Reproductive Health - Women that had a hysterectomy (%)
Reproductive Health - Women that had both ovaries removed (%)
Reproductive Health - Women that have ever taken birth control pills (%)
Reproductive Health - Women taking birth control pills (%)
Reproductive Health - Women that have ever used Depo-Provera or injectables (%)
Reproductive Health - Women that have ever used female hormones (%)
Sexual Behavior - People 18+ that ever had sex (vaginal, anal, or oral) (%)
Sexual Behavior - Males 18+ that ever had vaginal sex with a woman (%)
Sexual Behavior - Males 18+ that ever performed oral sex on a woman (%)
Sexual Behavior - Males 18+ that ever had anal sex with a woman (%)
Sexual Behavior - Males 18+ that ever had any sex with a man (%)
Sexual Behavior - Females 18+ that ever had vaginal sex with a man (%)
Sexual Behavior - Females 18+ that ever performed oral sex on a man (%)
Sexual Behavior - Females 18+ that ever had anal sex with a man (%)
Sexual Behavior - Females 18+ that ever had any kind of sex with a woman (%)
Sexual Behavior - Average age people first had sex
Sexual Behavior - Average number of female sex partners in lifetime (males 18+)
Sexual Behavior - Average number of female vaginal sex partners in lifetime (males 18+)
Sexual Behavior - Average age people first performed oral sex on a woman (18+)
Sexual Behavior - Average number of woman performed oral sex on in lifetime (18+)
Sexual Behavior - Average number of male sex partners in lifetime (males 18+)
Sexual Behavior - Average number of male anal sex partners in lifetime (males 18+)
Sexual Behavior - Average age people first performed oral sex on a man (18+)
Sexual Behavior - Average number of male oral sex partners in lifetime (18+)
Sexual Behavior - People using protection when performing oral sex (%)
Sexual Behavior - Average number of times people have vaginal or anal sex a year
Sexual Behavior - People having sex without condom (%)
Sexual Behavior - Average number of male sex partners in lifetime (females 18+)
Sexual Behavior - Average number of male vaginal sex partners in lifetime (females 18+)
Sexual Behavior - Average number of female sex partners in lifetime (females 18+)
Sexual Behavior - Circumcised males 18+ (%)
Sleep Disorders - Average hours sleeping at night
Sleep Disorders - People that has trouble sleeping (%)
Smoking-Cigarette Use - People smoking cigarettes (%)
Taste & Smell - People 40+ having problems with smell (%)
Taste & Smell - People 40+ having problems with taste (%)
Taste & Smell - People 40+ that ever had wisdom teeth removed (%)
Taste & Smell - People 40+ that ever had tonsils teeth removed (%)
Taste & Smell - People 40+ that ever had a loss of consciousness because of a head injury (%)
Taste & Smell - People 40+ that ever had a broken nose or other serious injury to face or skull (%)
Taste & Smell - People 40+ that ever had two or more sinus infections (%)
Weight - Average height (inches)
Weight - Average weight (pounds)
Weight - Average BMI
Weight - People that are obese (%)
Weight - People that ever were obese (%)
Weight - People trying to lose weight (%)
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