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It has always astounded me how casually people deal with the biggest investment they will ever make. BTW, there is no "i" in realtor.
Funny, the very first real estate course I ever took 30 years ago, was taught by a very funny and entertaining instructor. When we walked into class, the word REALITOR was posted on the board in huge letters with the letter I circled in red. He promptly informed us that there was no I in realtor, and anyone ever saying it that way or writing it that way, would automatically fail his class.
Another thing I could do is just keep changing realitors every 6 months until one of them can sell it
You could...but the best agent in the world can't sell an overpriced house. There's some professional advice for you.
As a side, why are you on harping on Realtors and then wanting them to tell you for free what they spent time and money learning? To steal Bill's line from another thread, when you were learning to fly did you teach yourself or hire a professional to instruct you?
You could...but the best agent in the world can't sell an overpriced house. There's some professional advice for you.
As a side, why are you on harping on Realtors and then wanting them to tell you for free what they spent time and money learning? To steal Bill's line from another thread, when you were learning to fly did you teach yourself or hire a professional to instruct you?
Well if they want to earn their money then it needs to be a mutually benificial deal. Why should he make money while I loose money, that does not sound like a professional buisness transaction to me. I would say realtors should be taking a 1% cut if that is what is nessicary in this market.
Its like they try to "teach" everyone else the reality while their bill rates are still pre 2008, thats why you see more FSBO, part of the reason the house might be priced too high is because of the high commissions. Its like they have not caught on that everyone elses wages are deflating why do they think they are special.
There are fewer FSBO's in a buyers market because it's more difficult and the owner is more likely to need help. You say agents should take a hit, I say agents are taking a hit. It's a percentage hit. If home prices drop 25%, the agents earnings drop 25%.
Agents are a service industry like lawyers, doctors, etc. Some don't need the service, some need it and pay for it, some need it and can't pay for it. There are other options and many different business models for people to choose from, including representing yourself.
If you don't get the basic precept that an overpriced house isn't going to sell then nobody here can help you with any amount of "free" advice. Instead of poking at agents with a sharpened stick maybe you should be researching your options.
Location: Mokelumne Hill, CA & El Pescadero, BCS MX.
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Quote:
Originally Posted by highlife2
Its like they try to "teach" everyone else the reality while their bill rates are still pre 2008, thats why you see more FSBO, part of the reason the house might be priced too high is because of the high commissions. Its like they have not caught on that everyone elses wages are deflating why do they think they are special.
We're going to close business this year with one less transaction than we did in 2006. It's been our best year since then.
Dollar volume in 2006: Just slightly more than $6,000,000 in homes sold.
Dollar Volume in 2011: Just slightly more than $3,000,000 in homes sold
Have YOU taken a 50% cut in wages? I've discounted my commission a few times this year to help the seller out too, but not up front.
What's a FSBO? I haven't seen one around here for 3 years.
I think I'm special because I've survived the worst housing market in recorded times and managed to take market share away from my competition. May I suggest it's because I know what I'm doing?
Well if they want to earn their money then it needs to be a mutually benificial deal. Why should he make money while I loose money, that does not sound like a professional buisness transaction to me. I would say realtors should be taking a 1% cut if that is what is nessicary in this market.
Its like they try to "teach" everyone else the reality while their bill rates are still pre 2008, thats why you see more FSBO, part of the reason the house might be priced too high is because of the high commissions. Its like they have not caught on that everyone elses wages are deflating why do they think they are special.
I am a firm believer that not everybody is cut out to be a home owner. I also believe that you are one of those people. Not only do you not have a clue as to how real estate works, you refuse to listen to those who are highly qualified to give you advise.
I am a firm believer that not everybody is cut out to be a home owner. I also believe that you are one of those people. Not only do you not have a clue as to how real estate works, you refuse to listen to those who are highly qualified to give you advise.
I agree, but no real advice has been given on here. I have taken my search to google and will look for text book ISBN numbers etc. This is strictly entertainment now becuase the real meat info has not been shared. Telling someone to write a check that represents a significant percentage of their annual income in a state that does not allow deficiancy judgement is non professional advice.
I agree, but no real advice has been given on here. I have taken my search to google and will look for text book ISBN numbers etc. This is strictly entertainment now becuase the real meat info has not been shared. Telling someone to write a check that represents a significant percentage of their annual income in a state that does not allow deficiancy judgement is non professional advice.
Advice HAS been given. It's just not what you wanted to hear. There is no magic bullet, there is no secret to getting it done cheaply, there is no shortcut that will let you sell your property for more than it's worth. Statistically, the way to get the most money for your property is to have a professional sell it for you. You can do it yourself, and attempt to "save" the commission. As to the legalities & paperwork, that's going to be specific to YOUR state & municipality, and should be fairly easy to find if you go to the municipal offices & ask, or hire a local real estate attorney. No one told you to write a check. That was merely presented to you as one possibility. I happen to agree with you regarding the folly of allowing a bank to sue you for the difference after they foreclose and take possession of the house, but that's not something any of us have the ability to change. I tend to deal with WHAT IS, and not offer up advice based on WHAT WE WISH.
Advice HAS been given. It's just not what you wanted to hear. There is no magic bullet, there is no secret to getting it done cheaply, there is no shortcut that will let you sell your property for more than it's worth. Statistically, the way to get the most money for your property is to have a professional sell it for you. You can do it yourself, and attempt to "save" the commission. As to the legalities & paperwork, that's going to be specific to YOUR state & municipality, and should be fairly easy to find if you go to the municipal offices & ask, or hire a local real estate attorney. No one told you to write a check. That was merely presented to you as one possibility. I happen to agree with you regarding the folly of allowing a bank to sue you for the difference after they foreclose and take possession of the house, but that's not something any of us have the ability to change. I tend to deal with WHAT IS, and not offer up advice based on WHAT WE WISH.
I just hope I can sell it before the contract expires, if I jump around to enough realitors each with a 6 month contract hopefully in that time the market will change just due to the nature of the lenght of each contract. I mean 2 realitors would be 1 year, 4 would be 2 years and the market can change quite a bit in that amount of time so one of them should be able to get it done at some point.
Maybe that is my best bet.
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