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How exactly does the buyer agent work? In the old days , it was understood that the agent worked for the seller, since their paycheck was based on the selling price of the home, hence, the more the house sold for the more money the agent made irregardless of who they represented. How does that situation change with a buyers agent? Why wouldn't they show their client a home that was advertising more commission to the agent or one that was listed higher as to increase their potential paycheck?
Sorry to get off topic.
TT,
Thanks for the clarification. BTW, I didn't realize that we had moved into 8th place. I remember a couple of years ago when Pheonix past us, and we slid back into 7th. Who is 7th now? Houston?
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How exactly does the buyer agent work? In the old days , it was understood that the agent worked for the seller, since their paycheck was based on the selling price of the home, hence, the more the house sold for the more money the agent made irregardless of who they represented. How does that situation change with a buyers agent? Why wouldn't they show their client a home that was advertising more commission to the agent or one that was listed higher as to increase their potential paycheck?
Sorry to get off topic.
TT,
Thanks for the clarification. BTW, I didn't realize that we had moved into 8th place. I remember a couple of years ago when Pheonix past us, and we slid back into 7th. Who is 7th now? Houston?
Of course you'd include the home that offers the higher commission, but I won't exclude others that I feel might be a better match. It's not all about my commission, its about getting the client in the best situation possible, and as I said before, you do that, and it comes back exponentially. That's not to say I'll work for free. Some agents will also ask for a higher commission than what's advertised, before they bring a potential buyer.
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I don't know why people are down on agents and commissions, how much less will you do you're job for? If someone can sell the damn house and make the full commission so what, if you can sell it without an agent then do it, but what makes you less greedy? :rolleyes:
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Bigq,
I do not see it as greed, but rather stewardship. We are responsible for the resources we have been given.
As far as RE agents go. Early on I used RE agents but found they only had a superficial color and texture understanding of houses. No grasp of structure, mechanicals and moisture. They were reluctant to frequently advertise and manage Sunday open houses. Plus they were pushing in house financing and inspections. In my experience they were just used car sales folks.
For the last 15 years in selling, I have only used a real estate attorney for the paperwork and did my own leg work. Less total agravation. more total return on my investment and actually quick transactions. Pure stewardship.
The business of RE salespeople is much like my business of flooring contracting. Anybody can sell their own house and anybody put down their own floor if they want to; and yes that could have a net effect on my client base, but that the nature of the game.
RE sales folks and flooring contractors can not begrudge do-it-yourselfers. Ain't America great!
High quality professionals will always be busy. Everyone else eventually finds their own level in society.
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Airtime lavey,
Please explain your name above. Having raced several Lavey Crafts years ago in SK I am familure with the aerodynamic benefits of the deck design. Very light in flight charasticts.
Is that still a charastic of contempory Lavy Craft? Is that the mfg. of your boat? Laveys had some of the finest quality glass work and always pushed the engineering envelope in 18' flatbottoms.
However they did seem to have more than their share of spills.
I got tied up w/ Julian Pettingill and Ray Edwards selling Biesemeyers on the East Coast and lost touch w/ first hand Lavey experience.
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CBaDad;
US cities pop 2005
NY 8.1 (million)
LA 3.8
CHI 2.8
HOU 2.0
PHIL 1.4
PHX 1.4
San Antinio 1,256,509
San Diego 1,255,540
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I know this is a boat web site but hell somebody has to have a job on here..lmoa.. well we are looking for some ideas or opions on what the hell to do we have try everything under the sun to move our house and no taco's yet!! our last stunt was lowering the house 40k and thats where we stand now..great house wonderful veiw good price good location ...any one got any ides that might help?????..
http://sfbay.craigslist.org/eby/rfs/227864287.html..
707Dog,
Not sure what your status on the sale is but here is some of my belated advice, you can try any or all:
A.) Try to find the TOP sales agent in your area. There is probably a realtor association where you live. Go in and scout the place out. Ask who is the top closer in your area (not the top listing agent). Ask if you can pay a fee to list in the MLS yourself?
B.) Ask your realtor if they will do a 4/2 listing. 4% to the sales agent and 2% for your agent. Worked for me in the early & mid 90's when I had listings. They were shown more often by sales agents.
C.) Stage your house like a model home. Watch "Designed to Sell" on HGTV to get ideas. If you're close enough they may even put your home on the show.
D.) If you have a realtor ask them to hold a broker open house with food. Realtors love freebies and food is one of them. I used to do Carne Asada lunches for less than $100 and would get 30-50 agents through a house. I would also ask them to fill out a "price opinion form". Basically I was asking what they thought the home should be listed at and what it would sell at within 7 days. I also asked what should be done to improve the property to give it more curb appeal or punch.
E.) You may also want to look into an auction. Its starting to be done more widely and many people haven't caught on that it's just the seller trying to sell a house. I went to a Treasury action recently and watched someone pay $100K more than the house was worth and it needed work. People are wierd at auctions. Their eyes glass over and they have to WIN. As a result they will pay more for something than it is worth.
Lastly, just because things have slowed doesn't mean homes aren't selling. Homes sell every day in every market and you can stage a house to play on peoples feelings once in a while but when a house isn't selling it MOSTLY because PRICE, PRICE, and PRICE. Did I mention price?
I wish you luck in your venture. If you have any other questions feel free to ask.
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Something else to think about it the appeal of the home. One of the guys in our office has a gerogous ouse he's listed. Problem is it's done in very nice Japaneese decor. Now it looks beautiful, but it doesn't appeal to many people. He finally convinced them that if they want to unload the home, they need to pait. I'll keep you posted. Sometimes, that can be an issue as well.
As far as some greedy agents, it really is sad, but money drives them. All I can say is the ones that are working tward their clients needs and desires will be the sucessful one in the end...
BRA
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well we did our first open house yesterday with the changes and it went pretty well..had two different couples hang around for awhile and just kinda heard them talking about painting a wall a certain color,removing a wall and adding stuff...lol..also had three agents come by with clients so we will see what happins..funny thing was one of the ladys was trying to score our couch's from us..lmao..all i kept thinking was to hell with the couchs score the house lady.... :rollside:
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Hell Yeah You Can Buy The Couches
There Going For 675,000 And We Do Deliver :) :)
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Hell Yeah You Can Buy The Couches
There Going For 675,000 And We Do Deliver :) :)
same thing i was thinking...buy f#$kers buy...lmao..