Real Estate Agent that offers incentives

[Bobblehead]

[ruddstud]

Originally Posted by 4X4

I just want to add that I'm glad that CREB finally upped the ante for wannabe realtors. Like everyone and their dog has a real estate license and half only ever dust it off once a year to sell their brother's house. Then they nickle and dime and try to negotiate you down an extra $500 dollars. There's one particular race of people that do that (and it's not Jews) on every deal and it's frustrating.
When I was selling houses, as soon as I encountered one of these bargain bozo realtors that was trying to get you an extra $500 for your house, I let the deal fall through on purpose. There's no need to nickle and dime and try to get them to throw in the garden hose and sprinkler. You're either doing business or you're not. Some realtors will work for a discounted rate, but I'd probably ask them why.

Aren't you one of these "dogs" that has their license that dusts it off also??? (you admitted to it earlier???) Also why let the deal fall through if it benefits your clients???? You shouldn't be making that decision on their part..... conflict of interest???

[troutman]

I'm not advocating one way or the other (well, maybe in this market I would recommend realtors for sure). Basically you have to calculate if the reduced commissions exceed what another realtor can get you on the sale price (or what you can get privately). You also have to factor in what your time is worth.

There is some research that demonstrates realtors obtain higher sale prices than private sellers (about 16% IIRC).

[Gobsgraham]

Originally Posted by ruddstud

Bargain for the Lawyer also.... hell ya! Hook me up... Sounds like you are in real estate and don't like the facts brought to your attention. I guess that's also why I have had 2 replies from agents willing to negotiate....

I can't believe that 2 realtors from CP have contacted you after listening to you bash them and everything they do. If they have you can probably bet they they are new to the business and are putting their pride aside to try and just trying to scrape by.

A good realtor will market your house properly, price it properly and it will sell accordingly. A bargain realtor will post it on MLS and wait. Good luck with that.

[4X4]

Originally Posted by ruddstud

"I admit that some (ok, lots) (ok, most) realtors are greaseballs, but that's the essence of the job. Selling. Salespeople are born, not bred. Which is why there are two tiers of realtors."

That's what I mean, why not start fighting back and start pressuring agents to charge lesss. It should be like dealing with a Mexican beach jewelery salesman. They are basically all the same. Same product. Same way of luring you and your money. Why can't sellers barter with agents for the best possible rate!!!

OH WAIT, I KNOW !!!!! Real estate agents won't take their clients to houses that have discounted comissions!!!! (even if it benefits the buyer)

So deal with it. There is a reason the profession exists. And yeah, there's collusion. Just like with lawyers and gas stations and everything else in the world.
It's to keep the profession respectable. You wanna do it yourself, have fun looking for recourse if a major problem arises. You wanna hire Jimmy from down the street that works full time and sells real estate on the side? Have fun getting fair market value or even selling the house.
You wanna hire Joe that fishes for leads on a messageboard (although, I would, too if I were still selling), then great. But just don't go around badmouthing the guy afterwards if the deal doesn't go completely the way the guy promises. Because that's what you'll get. A guy or gal that has been in business for 3 years and sold about 20 houses and is barely staying above water. They'll promise you anything you want just to get the listing. Buecause having a sign on your lawn means that potential buyers are calling. They're not trying to sell your house, they're looking for more business. The $4000 that they get after selling your house is going to be nice, but the leads they get while the sign is up will be nicer.
Real realtors charge what they charge because
a) its the going rate (yeah, I said it)
b) you don't discount full service
If you don't understand what I'm saying, well, too bad for you. And no offense to whoever has replied to you via pm. But I bet I'm bang on about them. I was there too. That's why I don't sell.

[jtfrogger]

Actually, 4x4, you should toss your hat in the ring here. Offer a $3,500 flat rate. You won't have to do much, because the expectation is already quite low.

[4X4]

Originally Posted by ruddstud

Aren't you one of these "dogs" that has their license that dusts it off also??? (you admitted to it earlier???) Also why let the deal fall through if it benefits your clients???? You shouldn't be making that decision on their part..... conflict of interest???

Don't you worry about me, friendo. If I were one of those people, I'd have been pmming you, don't ya think?

[ruddstud]

Originally Posted by Gobsgraham

I can't believe that 2 realtors from CP have contacted you after listening to you bash them and everything they do. If they have you can probably bet they they are new to the business and are putting their pride aside to try and just trying to scrape by.

A good realtor will market your house properly, price it properly and it will sell accordingly. A bargain realtor will post it on MLS and wait. Good luck with that.

Market it properly..... MLS and some other website etc..
Price it properly..... do the comparibles yourself!
And all this for $15,000 what a deal... Sign me up.

[Prototype]

I'm so glad my real estate agent was my brother's old hockey coach, and a friend of the family...

When we sold our condo, and bought our house... he told us what price he was going to charge, and he actually lowered his commission, and upped the buyer's commission on our condo.

We would have paid full price for him, cause he stops in every so often, as he knows that moving again is in the future plans, but not right away. Keeps tabs on us, we've asked hundreds of questions about the market, staging, what fixes around the house are worth it... etc.

When we go to sell, he's probably going to lose money, as it's been about 2 and a half years since we moved into the house we're in.

Any real estate agent who takes the $15k ish in a week, and never talks to you again isn't worth the $15k. An agent like the guy we got, I'd never ask him for a discount. That's up to him.

[4X4]

Originally Posted by ruddstud

Market it properly..... MLS and some other website etc..
Price it properly..... do the comparibles yourself!
And all this for $15,000 what a deal... Sign me up.

Y'know, I'll give you a bit of benefit of doubt. If your house truly is identical to many comparables, the sure, DIY. But the moment that there's any kind of snafu, what are you going to do? Google it?

I used to fix my own cars. Back when I drove an '86 Tempo and there were dozens of them at the junkyard. Now I drive a new truck and the only thing I open the hood for is to put in washer fluid. There's a reason why mechanics exist and there's a reason why realtors exist. Strangely, alot of their business ends up coming from wannabe DIYers and people that hired Joe Dude from Hole in the Wall Reel Estate Companny.

[Dan02]

I have no problem paying full price, but when we bought we made our realtor work for it, and when we sell they will too. Not gonna just pound a post in the ground, list on MLS and be done with it.

[ruddstud]

For anyone who is an agent here and think that I intended to personally attack the , I do appologize.

.

All that I am looking for is someone to list my house on MLS and do minimal work at selling. A license and a heartbeat is all I need, as I am going to be super aggressive with my price and DON't NEED the fluffy fancy sales crap........ that's it.... LIST, SHOW, SELL.......

[4X4]

Y'know, I'm sorry I'm being so overbearing about this. There are alot of private individuals that are fully capable of selling their own house in a very (comparatively speaking) professional manner.

I guess what I'm taking issue with is the notion that realtors, in general, are doing hardly anything and are unjustly overpaid. Realtors provide a service that is necessary to most homeowners. Sorta like travel agents. Sure, you can go and search all the hotels and flights yourself and book it and go on vacation, but at what cost? And if something goes wrong or a mistake is made, who you gonna blame?

Anyway, not trying to insult your intelligence or suggest that you're not capable. Just saying that if you were, why don't you go sell real estate. I hear it's pretty lucrative...

[ruddstud]

Originally Posted by fotze

Simmer down fatatard.

AGENT?? LOL

[Bertuzzied]

Originally Posted by ruddstud

AGENT?? LOL

STOP it with the underlining. I keep clicking it and it takes me no where!

I'm sure there are some good realtors out there but the 4 times i ever had to deal with a realtor they were total crap asses. Using one for me personally, will be a last resort.

[CaptainCrunch]

Sounds like a communist to me

[Bagor]

I have to agree with Ruddstudd here. The vast majority IMO are a waste of space, generally clueless and full of merde. Not saying they are all bad but I will go as far as saying there are a lot of idiots out there.

No reason why if like anything the house is priced right with comparables, showed right and open houses are timed with others in your area that you can't do it yourself.

Troutman, as for the 16% that agents are supposed to get more in value for a house I personally would be skeptical of the sources and methodologies and who commissioned said report.

Of course they can list it for 50k more just like a house on our street that sat on the market all summer and remained unsold. Hey at least she got the listing.

[onetwo_threefour]

+1 for use a realtor in a bad market.

Selling privately...

You don't have access to MLS, (unless you use one of those cut rate services, where you're still paying a biunch of money to have your house on a website)
You don't have access to proper market data to do comparables...
You don't have anyone with legal training preparing your contract in an environment where Buyers get cold feet every five minutes. (unless you hire a lawyer to do that part, which you probably don't because you're being frugal)
You don't have access to specialized marketing such as mailouts, magazine ads, Realtor bulletin boards that sell a lot of properties.
You have to spend a lot of your own time marketing and showing... (depending how you value your time that can add up quickly)

And no, I'm not an agent, I'm a real estate lawyer like troutman.

[ken0042]

Originally Posted by fotze

If you TRULY have it priced good then I think you can get away with welist

That's the only part of your post I might disagree with. I have seen friends list with welist, only to have buyers look at comparables, and ask for $10K off because they know you are saving $15K on the listing.

ruddstud- keep in mind most of the people in this thread have been trying to offer you their opinion. You dismissing it as "everybody must be a realtor" is your perogative; however if most of the posters think it's a bad idea to try and sell in this market with a discount realtor you might want to take a step back and look at this objectively.

But like Fotze said; unless your house really stands out- you can put this non-realtor in the "bad idea" camp.

[Bagor]

Bumping just to say that according to this Ottawa company you can get 6 months listing on MLS for $195. I'm presuming this is a new company as heard nothing about them last year and they seem to be on a bit of an advertising blitz.

http://www.bestvalue.biz/