Real Estate Agent that offers incentives

[ruddstud]

thanks but I am going to go with an agent who is going to list for $2000 flat fee as long as I pruchase through her...... everyone should bargain this!!!

[cmyden]

thanks but I am going to go with an agent who is going to list for $2000 flat fee as long as I pruchase through her...... everyone should bargain this!!!

I know a realtor that will do it for $1000 if you haven't signed yet. Send over a PM if you're interested.

In this market the *only* thing that will sell your house is being *the* best priced property in not only your neighborhood, but in the surrounding neighborhoods as well.

And no, I'm not a realtor, but someone who has experience with trying to sell their house in a bad market with a flat-fee listing on MLS.

Realtors are just facilitators for the transaction. They don't have access to any sort of untapped market, or secret knowledge of where/how to find buyers above and beyond what anyone else can do on their own. Other than being able to put you on MLS, which costs them 50 bucks.

1. price
2. price
3. price
4. stage your house properly / good pictures
5. price

[CaptainCrunch]

Gotta be honest, but as someone in sales if I sell something worth 4 to 500k, its not worth my time or effort to do it for a 1000 or 2000 dollars, I'd rather focus my attention on something where I can make money for selling what is a high end item. Especially in a slow market.

[cmyden]

Gotta be honest, but as someone in sales if I sell something worth 4 to 500k, its not worth my time or effort to do it for a 1000 or 2000 dollars, I'd rather focus my attention on something where I can make money for selling what is a high end item. Especially in a slow market.

The deal I made with my realtor was this...

"Alright, you put it on MLS (which costs him 50 bucks). I'll take the pictures. I'll write the description. I'll determine the fair market value. I'll even handle the showings/appointments (work from home)".

Even if I didn't work from home, and couldn't take care of the showings myself, the seller's realtor simply puts a lockbox on your property ($50 value). It's the buyer's realtor that actually spends their time showing your property.

It's funny when you hear a seller's realtor say they're going to 'market your property'. Seriously, ask them what they are going to do to market it. They are going to take pictures (often poor ones, time is money), write a description, post it on MLS, and hope you get a bite. The whole process has a value of about $500 tops.

Some of them will mention 'flyers' or try to make it sound like they have access to buyers that the MLS system doesn't reach. Nonsense.

Now the buyer's realtor, at least they have to actually drive to the showing, spend time with the client, etc. And the commission is split 50/50.

I have no doubt that in the future the seller's realtor role will become nearly obsolete. It probably would be already if not for the monopoly on listings that MLS has.

Don't even get me started on Realtor.ca, a giant step backwards for their industry.

[ruddstud]

If ANYONE wants to sell their own home and NOT have to pay the LAUGHABLE LISTERS fee, contact me

[cmyden]

If ANYONE wants to sell their own home and NOT have to pay the LAUGHABLE LISTERS fee, see sellersdirect.ca

We are definately going this route.

Umm, all that's on there is a parked domain page.

[flamesaresmokin]

Originally Posted by ruddstud

The last 2 homes I have listed and been aggressive, we've sold them in a total of 5 days..... $$28,000 for 5 days work for my previous agent was a joke..... Maybe I've just had bad experiences......

Nope,

I don't want to stereotype here but there is a reason a lot of these people are realtors.....Its not to help their clients out. Its to make a quick buck with as little work as possible. Through all the realtors me/my family and friends have dealt with, they all are impossible to deal with and get angry if you even remotely specify personal preferences or safety nets for any deals you have on the table. They are working for you and they feel that they are calling the shots all the time.

[ruddstud]

I just spoke with my agent and she is willing to do my sale for $1000 flat fee as long as I buy with her..... Anyone want her # PM me.

[cmyden]

I'd imagine there would be a lot of agents willing to do this right now, they must be getting hungry.

[DuffMan]

Originally Posted by cmyden

The deal I made with my realtor was this...

"Alright, you put it on MLS (which costs him 50 bucks). I'll take the pictures. I'll write the description. I'll determine the fair market value. I'll even handle the showings/appointments (work from home)".

This part here is hilarious. Anyone could do this.

Just exchange
"needs replacing" with "original"
"5 years old" with "recent"
"dump" with "needs tlc or handymans special"
"you'll need to replace flooring" with "newer lino or carpet"

etc.

[cmyden]

Don't forget "cozy" = size of a broom closet

[ruddstud]

For anyone selling a house I have someone that will list on MLS, provide signage, as well as feature sheets, show your home, advertise your house in MANY places, help with open houses, all for the price of $1000 after the sale of your home. If someone brings the buyer it works out to $3500 total commissions for the sale. (I am going to save $12,000 in commissions) In order to do this you must buy through them..... I have listed with them a week ago and it is going very well...... pm me if you want more information.

[Winsor_Pilates]

This thread should be called "Are realtors worth the money" and moved to the off topic. It's quite the entertaining read that I have missed for a while because it's in the buy/sell.

Keep us posted on your listing and progress of selling your place. As an "overpaid, useless glorified used car salesman (realtor)" I'm quite entertained by this thread.

It's funny that you found a realtor hungry enough to list for $1000, yet still think they're all overpaid and raking in $$$. Maybe it's not as glamorous as you think if realtors need to be taking listing like this to pay the bills.

[JustAnotherGuy]

This is my issue with the fee charged by the real estate agents. I will use a simple example. I know the numbers are not exact but they are semi-valid rough estimates based on the full real estate fees charged.

My house is appraised at $500,000 and sells at the amount. Then the real estate fees are about $20,000. So I have $480,000 to buy a house. The price of the $480,000 house has real estate fees of about $20,000 as well. So then I am getting $460,000 worth of house.

So with that very rough example. I am down $40,000 just for wanting to move.

[troutman]

Originally Posted by JustAnotherGuy

This is my issue with the fee charged by the real estate agents. I will use a simple example. I know the numbers are not exact but they are semi-valid rough estimates based on the full real estate fees charged.

My house is appraised at $500,000 and sells at the amount. Then the real estate fees are about $20,000. So I have $480,000 to buy a house. The price of the $480,000 house has real estate fees of about $20,000 as well. So then I am getting $460,000 worth of house.

So with that very rough example. I am down $40,000 just for wanting to move.

That is a bit simplistic.

Hopefully when you sell, there is value in the commission -ex. they obtained a good price for you, they provided a good service, they did things for you because your time is valuable.

When you buy, you don't pay commission. The value of the home is exactly what you offered for it ($480,000).

[JustAnotherGuy]

Originally Posted by troutman

That is a bit simplistic.

Hopefully when you sell, there is value in the commission -ex. they obtained a good price for you, they provided a good service, they did things for you because your time is valuable.

When you buy, you don't pay commission. The value of the home is exactly what you offered for it ($480,000).

Yes, the example is very simplistic. Still makes my point.

And for the love of god don't feed me the bull story of me not paying any commission for the house that I buy. I am not that stupid.

Using my simplistic example again. The person who I am buying the house from is only getting $460,000 into their pocket. So where does the extra money go to? It goes to pay the real estate fees.

Also, yes. I believe that a real estate agent provides a valuable service. But not for the full $20,000. I would say $5,000 - $7,000. is a more appropriate amount.

[ken0042]

OK, if you are dealing with a realtor who also charges you a comission when you buy- then you are getting seriously ripped off.

This is how the OP got a deal with his current realtor; the current guy isn't going to seel his house for $1000. But he will earn money when the OP buys a house using him, and that seller pays the comission.

[JustAnotherGuy]

Originally Posted by ken0042

OK, if you are dealing with a realtor who also charges you a comission when you buy- then you are getting seriously ripped off.

This is how the OP got a deal with his current realtor; the current guy isn't going to seel his house for $1000. But he will earn money when the OP buys a house using him, and that seller pays the comission.

LOL Seller pays the commission. LOL

Um, where does the money come from that the Seller is using to pay the commission? LOL From the guy who who is buying the house. Come on. Call it what you want but the buyer is still paying money for the commission when he buys the house.

[moeman]

Most realtors I know make very little money doing what they do as the big fish swallow most of the listings and the brokerages and various entities like CREB and AREA take a lot of what's left in their pockets. They've got to make a living, and most don't.

What really bothers me is when a realtor tells you to sign them up because their famous name will bring you buyers. My response to that is that if you had so many buyers, why list the place at all? Bring me a buyer and I'll gladly pay you half the commission, but I have no intention of letting you put a sign on my lawn so you can double-end the deal. Guys like Gordon W. Ross come to mind where they advertise how many times they represent both buyer and seller. That kind of stuff annoys me.

I don't mind realtors making what they make, and the one we used for years was always fair with us when it came time to figuring out the commissions. But the big fish who are so damned pompous, as well as the ones who say they'll list your house for $1000 but do nothing to market your house because they're basically doing it for free make the hard working and honest ones look bad.

[ken0042]

Originally Posted by JustAnotherGuy

LOL Seller pays the commission. LOL

Um, where does the money come from that the Seller is using to pay the commission? LOL From the guy who who is buying the house. Come on. Call it what you want but the buyer is still paying money for the commission when he buys the house.

Then to turn it around like that, the guy who bought your house is the one who paid the first comission then.

Either way, as somebody buying and selling, you are only paying one comission. Yes, at some point along the transactions, $40K goes to realtors. But you don't lose $40K just by moving; just $20K.

Also, it's not like the seller can up the price to make the buyer pay the comission. If my house ill sell right now for $335K, I can't list it for $345K to make up for what the realtors make; because it won't sell for that higher amount.