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Old 08-29-2014, 02:34 PM
 
Location: los angeles county
1,763 posts, read 2,045,946 times
Reputation: 1877

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Those agents who sell a $20 million house after 400-700 days on market.

What makes them any different from you?
Do they have any special skills... sitting on a house for 2 years?
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Old 08-29-2014, 02:40 PM
 
Location: Columbia, SC
10,966 posts, read 21,972,507 times
Reputation: 10659
The agent can't really "sell" the house. The agent can do a good job of marketing but the best agent can't sell a home to someone for more than they think it's worth, or sometime what the appraiser thinks it's worth. So nothing makes them different per say. Some agents market better, some manage the client better, some manage the transaction better and a select few are good at all aspects.
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Old 08-29-2014, 03:37 PM
 
Location: Just south of Denver since 1989
11,825 posts, read 34,420,440 times
Reputation: 8970
Add they can wait the two years to get paid. Most the brokers I know like to pay their mortgage and eat regularly.

Those luxury properties are marketed by people they know, like & trust. They travel in the same social circles. Belong to the same yacht club, country club, etc. These folks do not go to Zillia and register as a lead.
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Old 08-29-2014, 03:43 PM
 
Location: Columbia, SC
10,966 posts, read 21,972,507 times
Reputation: 10659
Quote:
Originally Posted by 2bindenver View Post
Add they can wait the two years to get paid. Most the brokers I know like to pay their mortgage and eat regularly.

Those luxury properties are marketed by people they know, like & trust. They travel in the same social circles. Belong to the same yacht club, country club, etc. These folks do not go to Zillia and register as a lead.
This too.
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Old 08-30-2014, 03:16 PM
 
28,455 posts, read 85,332,804 times
Reputation: 18728
Default Weeeeeell....

Quote:
Originally Posted by 2bindenver View Post
Add they can wait the two years to get paid. Most the brokers I know like to pay their mortgage and eat regularly.

Those luxury properties are marketed by people they know, like & trust. They travel in the same social circles. Belong to the same yacht club, country club, etc. These folks do not go to Zillia and register as a lead.
Part of that is true, the "same circles" is mostly true. With out giving away too much personal info I can say that a fairly close relative of mine, now retired, was in a position of leadership for a major sports team that once was in located in a fairly "celebrity centric" community. He routinely dealt with the agents of the players. Some of them were very down-to-earth people that anybody could relate to, others however...

The point is that these sports agents often have real estate agents literally willing to forsake their marital vows to sell a "trophy" property to some 23 year kind that does not have a clue what it is like to go from hoodie wearing college kid to sports here in the space of about 6 months. The sorts of scamsters, hangers-on, and downright creeps that hook their wagon to the sorts of celebrity clients are quite colorful. Few of them are really all that trustyworthy or likeable.

When it comes to the specifics of closing on multiple "trophy" type properties the kind of agents that do this almost always have a long history of family involvement in real estate sales. The ability to have a whole business that operates kind of on "autopilot" with more routine but still profitable normal agents keep the lights while one or two of the "named" principles focus on bringing the big game is way for the "celebrity" type real estate agent to occaisionally bring in a whale of a payday while they are busily keeping the firm's name in the papers and on the minds of party goers...
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Old 08-30-2014, 05:38 PM
 
Location: los angeles county
1,763 posts, read 2,045,946 times
Reputation: 1877
If they had "exclusive lists" of all the saudi princes and chinese and russian tycoons as they claim to have, I would have expected these to sell faster.
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Old 08-31-2014, 11:43 AM
 
Location: Raleigh, NC
19,429 posts, read 27,808,716 times
Reputation: 36092
Quote:
Originally Posted by 2bindenver View Post
Add they can wait the two years to get paid. Most the brokers I know like to pay their mortgage and eat regularly.

Those luxury properties are marketed by people they know, like & trust. They travel in the same social circles. Belong to the same yacht club, country club, etc. These folks do not go to Zillia and register as a lead.
Or have a staff that has contacts with international buyers.
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