@Matt Battiata
A bit of a recommendation here. I have mentioned something like this in the past to at least one other poster. Be careful about posting here if you don’t want every detail dissected, including histories of past transactions etc. With every ‘discussion board’ there will always be people making questionable claims. Best thing to do at times is just ‘ignore’ them. In many cases, the rest of the discussion board members do the same. The members of this board include other Realtors/Brokers, investors(stock, bonds & property), people with a lot of banking experience, people who work in the Defense Industry, engineering types, phone app writers and people who have the ability to dig up all sorts of info and correlate it. Most of the people here don’t sit at home watching TV and then just decide to randomly ‘pop-off’ on Piggington.
Looking at what sdrealtor dug up.. I find something interesting. The transactions are very heavily biased to the sell/list side as opposed to buyer side transactions (136 to 16). If I am not mistaken, and other Realtors can/will chime in here, the buyer side of the transaction is much harder than the list side. Yes, the seller has to get the owner to prep, help with staging and has to run the open house and list on the MLS. The buyer side has to do a lot of travel with the potential buyer to several properties.. on the chance that maybe the buyer will purchase. Sometimes the buyer is a ‘dry hole’.. does not purchase. Looking at the history and assuming $500k average per property, standard commission (3%/3%) means grosses of $2,040,000 on the sell side and $240,000 on the buy side of the transaction. Not bad, but looking at it from the ‘balance’ of sell to buy transactions, it would seem that it is ‘cherry picking’ the side of the transaction that is easier complete, leaving other Realtors with the more time consuming, less profitable per hour part of the task.
Now as to the quality of the listings/properties as well as to whether there is a pattern of under-listing and selling under comps, effectively short changing the seller.. I am not going to address it. I would not be surprised if one of the Realtors might be so inclined as to check completed sales against price vs comps.
I would wonder why you, Matt Battiata, would want to resurrect this thread that does not necessarily put you in a flattering light. To repeat an old adage: “Best let sleeping dogs lie”.
