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Old 08-31-2011, 04:12 PM
 
20,273 posts, read 32,877,652 times
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Yeah, but 3% of $200K (if you are offering 3% to buyers' agents) is only $6K. And if you have to lower your price from $200K to $190K to overcome all this resistance, then you have lost out on the deal.

Incidentally, part of why I am confident agents were steering potential buyers away from our listing is we had quite a few agents contacting us to do the listing for us. One agent basically just lied to get a meeting with me, and then implied she had buyers who might be interested if I was willing to sign with her.

In other words, from their perspective, 3% may be OK, but 6% is worth trying for.
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Old 08-31-2011, 05:16 PM
gg
 
Location: Pittsburgh
26,137 posts, read 25,783,846 times
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Keeping in mind brian, you are talking about your one time trying to sell your home. I am talking about over 15 years of selling real estate. Very different perspectives. Mine being lots of professional experience and yours being a one time shot.

You can think what you like. I would't list unless I was in an area that was a tough sell. Even then, pricing it correctly is the ballgame. The is usually an azz for every seat.
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Old 08-31-2011, 05:43 PM
 
1,164 posts, read 2,049,730 times
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If you sell your house yourself, you could tell potential buyers its square footage. That should attract a lot of buyers from out-of-state who have always dealt in terms of square footage and get put-off by real estate agents here not disclosing it.
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Old 08-31-2011, 06:33 PM
 
Location: Mid-Atlantic
12,529 posts, read 17,446,660 times
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If you live in a very hot market, FSBO might be the way to go. But Bazzwell is right, some things such as lead paint disclosure must be made available. That's the law, written by lawyers, who by the way, automatically are able to sit for the broker's license, how did that happen? As to agents steering people away, sure, happens all the time, but not by EVERY agent.
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Old 09-01-2011, 10:14 AM
 
472 posts, read 623,487 times
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Thanks everyone!! Let's see if it sells quickly and at asking price. Spent the past two years making improvements purchased it at the best time to buy things should go well!
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Old 09-01-2011, 11:18 AM
 
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Good luck!
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Old 09-01-2011, 11:42 AM
 
408 posts, read 988,340 times
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Here's a couple things I always wonder about:

1) It only a takes a weekend to get a real estate license, right? Is there any benefit to just taking the class to understand everything you need to do in order to represent yourself?
2) Negotiating agent commissions, buy and/or seller.. bad idea?
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Old 09-01-2011, 11:55 AM
 
Location: Southwest Pa
1,440 posts, read 4,398,840 times
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Quote:
Originally Posted by jimmyev View Post
If you sell your house yourself, you could tell potential buyers its square footage. That should attract a lot of buyers from out-of-state who have always dealt in terms of square footage and get put-off by real estate agents here not disclosing it.
We're not allowed by our ruling MLS to discuss square footage and can be disciplined by having our membership revoked. This stems from a court case years ago where the agent/broker/company and MLS service were all sued concerning a square footage discrepancy and lost. However, smaller areas that use other MLS can do square footage.
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Old 09-01-2011, 11:59 AM
 
Location: Southwest Pa
1,440 posts, read 4,398,840 times
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Quote:
Originally Posted by tranceFusion View Post
Here's a couple things I always wonder about:

1) It only a takes a weekend to get a real estate license, right? Is there any benefit to just taking the class to understand everything you need to do in order to represent yourself?
2) Negotiating agent commissions, buy and/or seller.. bad idea?
(1) $500 will get you almost everything you know if you take the classes. Two weekends or online at your convenience. Or, you could just buy the latest classbook.

(2) You should always negotiate, nothing is set in stone.
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Old 09-01-2011, 12:01 PM
 
Location: Southwest Pa
1,440 posts, read 4,398,840 times
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Quote:
Originally Posted by BrianTH View Post
.....And if you have to lower your price from $200K to $190K to overcome all this resistance, then you have lost out on the deal.
Or lowering the price puts your property in the range it should have been in the first place perhaps.
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