OK Brokers, how about this one - Real Estate Professionals - Page 5 - City-Data Forum

shellytc · 10-20-2007, 03:47 PM

Oh, and one more thing... how did you find out about the house when you bought it? a newspaper ad in NYC? or through a local agent and MLS? I am just wondering...

Shelly

ep4property · 10-20-2007, 04:59 PM

If I'm reading this correctly, it's basically a FSBO and you have agreed that if this agent (or someone in her agency?) has a feasible buyer, then you will agree to a certain commission?

It's done all the time. You agree to pay what may relatively be 1/2 the standard commission. That's what we do in No. NJ.

However, that's if an agent has a prospective buyer. However, if you come across a lead and want the agent to show it...there may be some state regs that don't allow for this.

You're asking her to be owner's rep. Typically people charge for that as they would being a property manager for a seller residing far away from their property.

Please remember that the agent's broker (the agency where agent hangs her professional license) may not allow her to act in this way. It's different than an exclusive listing which is only listed at that particular agency.

I believe that you feel that if the agent does not list, take photos, pays for a virtual tour, open houses, advertising, marketing, staging, etc., they should make less. I agree...if it's clearly a FSBO.

Marty Van Diest · 10-21-2007, 02:22 AM

I still say it's probably the price.

However, there is a chance that you could be correct and if you advertise it in different places, you might find the unique buyer willing to pay your price because it fits their unique needs.

You won't know that unless you try it, so go for it.

If your agent or her broker doesn't allow it, you might want to find someone in your area tha is an Accredited Consultant in Real Estate. These people will work on commission, or on a fixed fee basis, or by the hour. You might want to do a search for Accredited Consultant in Real Estate to see if you can find one in your area.

NCanswers · 10-21-2007, 05:21 AM

We just got back from VT just over a week ago. It is beautiful country.
Vermont is sparsely populated and you obviously have a unique property.
Is it possible for the forum to view your house or get a detailed description?
You got a lot of widespread response from your auction. I lot of people visit
VT and probably have second homes there. Because of the sparse population
and interest from the outside, some unique advertising is probably required.
This could be an internet ad and possibly even Ebay. Some thinking "outside
of the box" is required.

palmcoasting · 10-21-2007, 06:01 AM

Great! So, she's agreed to the arrangement, knows what you are doing, has a handle on what her liability is and is comfortable with it. Nothing wrong with that.
I'm still not sure I understand the 'cancer' situation regarding MLS. If it's listed in there AND you are advertising, you're hitting the best of both worlds. Either way, the very best to you with it.

Brandon Hoffman · 10-21-2007, 07:13 AM

It's price. Not even getting showings but it's on the internet? It's price. Getting showings, no offers? It's price. 85% of buyers shop on the internet, whereas you capture 8% with print ads. You are too hung up on print.

Save your money and drop the price by that much. No showings means you are at least 5% overpriced even if you don't feel that way.

Edit: Iggy, I'd set a meeting to analyze it. I'm not a telemarketer and I need to get face to face with people. But I also know if it's been 2 months and 2 agents it's price. They could fix condition or terms to try and get price, but in the end you can fix both those with price.