The cult of professional specialists

[drboom]

[quote=njtosd][quote=sdrealtor]CAR

. . . As for showing properties, I absolutely show them myself and would always try to do so for an organic sale. . . [/quote]

I’ve got to know – what is an inorganic sale? I thought all buyers and sellers were carbon based. I’m beginning to think that sdrealtor is right about the intricacies of which I’m unaware.[/quote]

See? It’s a cult. 🙂

There are things you really don’t want to know about the RE business. Not all is as it seems.

(At least you are meant to think so).

[drboom]

[quote=sdrealtor]CAR
Yes there are lots of buyers who back of SS. One of the most important things I can do on a SS is be able to recognize which buyers are most likely to stick.[/quote]

After 4 months, why the hell would you expect anyone to stick around, especially when the lender could say no after waiting all that time? 30 days with no movement? screw ’em. I’ll keep looking rather than pining for months after the short sale of my dreams.

It isn’t a marriage, it’s an offer to buy. If the seller can’t deliver the goods in a reasonable amount of time, that’s not the buyer’s problem. You seem to be looking for emotional buyers, aka “suckers”. That may be a good strategy for your sellers, but don’t disparage the sensible folks who made a good faith effort to buy what you couldn’t manage to sell them before they grew too old to care.

[drboom]

[quote=sdrealtor]CAR
Yes there are lots of buyers who back of SS. One of the most important things I can do on a SS is be able to recognize which buyers are most likely to stick.[/quote]

After 4 months, why the hell would you expect anyone to stick around, especially when the lender could say no after waiting all that time? 30 days with no movement? screw ’em. I’ll keep looking rather than pining for months after the short sale of my dreams.

It isn’t a marriage, it’s an offer to buy. If the seller can’t deliver the goods in a reasonable amount of time, that’s not the buyer’s problem. You seem to be looking for emotional buyers, aka “suckers”. That may be a good strategy for your sellers, but don’t disparage the sensible folks who made a good faith effort to buy what you couldn’t manage to sell them before they grew too old to care.

[drboom]

[quote=sdrealtor]CAR
Yes there are lots of buyers who back of SS. One of the most important things I can do on a SS is be able to recognize which buyers are most likely to stick.[/quote]

After 4 months, why the hell would you expect anyone to stick around, especially when the lender could say no after waiting all that time? 30 days with no movement? screw ’em. I’ll keep looking rather than pining for months after the short sale of my dreams.

It isn’t a marriage, it’s an offer to buy. If the seller can’t deliver the goods in a reasonable amount of time, that’s not the buyer’s problem. You seem to be looking for emotional buyers, aka “suckers”. That may be a good strategy for your sellers, but don’t disparage the sensible folks who made a good faith effort to buy what you couldn’t manage to sell them before they grew too old to care.

[drboom]

[quote=sdrealtor]CAR
Yes there are lots of buyers who back of SS. One of the most important things I can do on a SS is be able to recognize which buyers are most likely to stick.[/quote]

After 4 months, why the hell would you expect anyone to stick around, especially when the lender could say no after waiting all that time? 30 days with no movement? screw ’em. I’ll keep looking rather than pining for months after the short sale of my dreams.

It isn’t a marriage, it’s an offer to buy. If the seller can’t deliver the goods in a reasonable amount of time, that’s not the buyer’s problem. You seem to be looking for emotional buyers, aka “suckers”. That may be a good strategy for your sellers, but don’t disparage the sensible folks who made a good faith effort to buy what you couldn’t manage to sell them before they grew too old to care.

[drboom]

[quote=sdrealtor]CAR
Yes there are lots of buyers who back of SS. One of the most important things I can do on a SS is be able to recognize which buyers are most likely to stick.[/quote]

After 4 months, why the hell would you expect anyone to stick around, especially when the lender could say no after waiting all that time? 30 days with no movement? screw ’em. I’ll keep looking rather than pining for months after the short sale of my dreams.

It isn’t a marriage, it’s an offer to buy. If the seller can’t deliver the goods in a reasonable amount of time, that’s not the buyer’s problem. You seem to be looking for emotional buyers, aka “suckers”. That may be a good strategy for your sellers, but don’t disparage the sensible folks who made a good faith effort to buy what you couldn’t manage to sell them before they grew too old to care.

[justme]

6% is siphoned off each time

[quote=bearishgurl]
Fascinating, njosd, I’ll look up the book.

I stand by my assertion that buying a FSBO does NOT save the buyer any money. Therefore, I would surmise that eliminating commission would shave little to nothing off the the purchase price for the buyer.[/quote]

Possibly, the total purchase sum would always be what the market will bear, or as we have seen recently, what a fraudulent mortgage lender and borrower will bear.

But that is not the point. When the FSBO buyer later becomes a FSBO seller, s/he would also have no sales expense of 6% and get ALL the money back.

There is no way that siphoning off 6% of each transaction will get either buyer or seller as good a deal as they otherwise would have.

Come to think of it, how many distress sales have we all seen that are priced at what-I-owe-plus-6%. Agency costs surely make home prices more sticky in underwater situations.

[justme]

6% is siphoned off each time

[quote=bearishgurl]
Fascinating, njosd, I’ll look up the book.

I stand by my assertion that buying a FSBO does NOT save the buyer any money. Therefore, I would surmise that eliminating commission would shave little to nothing off the the purchase price for the buyer.[/quote]

Possibly, the total purchase sum would always be what the market will bear, or as we have seen recently, what a fraudulent mortgage lender and borrower will bear.

But that is not the point. When the FSBO buyer later becomes a FSBO seller, s/he would also have no sales expense of 6% and get ALL the money back.

There is no way that siphoning off 6% of each transaction will get either buyer or seller as good a deal as they otherwise would have.

Come to think of it, how many distress sales have we all seen that are priced at what-I-owe-plus-6%. Agency costs surely make home prices more sticky in underwater situations.

[justme]

6% is siphoned off each time

[quote=bearishgurl]
Fascinating, njosd, I’ll look up the book.

I stand by my assertion that buying a FSBO does NOT save the buyer any money. Therefore, I would surmise that eliminating commission would shave little to nothing off the the purchase price for the buyer.[/quote]

Possibly, the total purchase sum would always be what the market will bear, or as we have seen recently, what a fraudulent mortgage lender and borrower will bear.

But that is not the point. When the FSBO buyer later becomes a FSBO seller, s/he would also have no sales expense of 6% and get ALL the money back.

There is no way that siphoning off 6% of each transaction will get either buyer or seller as good a deal as they otherwise would have.

Come to think of it, how many distress sales have we all seen that are priced at what-I-owe-plus-6%. Agency costs surely make home prices more sticky in underwater situations.

[justme]

6% is siphoned off each time

[quote=bearishgurl]
Fascinating, njosd, I’ll look up the book.

I stand by my assertion that buying a FSBO does NOT save the buyer any money. Therefore, I would surmise that eliminating commission would shave little to nothing off the the purchase price for the buyer.[/quote]

Possibly, the total purchase sum would always be what the market will bear, or as we have seen recently, what a fraudulent mortgage lender and borrower will bear.

But that is not the point. When the FSBO buyer later becomes a FSBO seller, s/he would also have no sales expense of 6% and get ALL the money back.

There is no way that siphoning off 6% of each transaction will get either buyer or seller as good a deal as they otherwise would have.

Come to think of it, how many distress sales have we all seen that are priced at what-I-owe-plus-6%. Agency costs surely make home prices more sticky in underwater situations.

[justme]

6% is siphoned off each time

[quote=bearishgurl]
Fascinating, njosd, I’ll look up the book.

I stand by my assertion that buying a FSBO does NOT save the buyer any money. Therefore, I would surmise that eliminating commission would shave little to nothing off the the purchase price for the buyer.[/quote]

Possibly, the total purchase sum would always be what the market will bear, or as we have seen recently, what a fraudulent mortgage lender and borrower will bear.

But that is not the point. When the FSBO buyer later becomes a FSBO seller, s/he would also have no sales expense of 6% and get ALL the money back.

There is no way that siphoning off 6% of each transaction will get either buyer or seller as good a deal as they otherwise would have.

Come to think of it, how many distress sales have we all seen that are priced at what-I-owe-plus-6%. Agency costs surely make home prices more sticky in underwater situations.

[bearishgurl]

[quote=Russell]The important feature in RE is the “cabal” not the “cult” of professional specialists. The first enables the second and real estate is hardly the only “profession” under such a system.

Most endeavors in our society have been put under difficult to circumvent, “pay to play” constricts. In some cases the financial burdens to the consumer are ridiculous as in real estate commissions.

When you witness the typical schmoozing, puffing , bullying, word twisting, mystique inducing realtor, that is only happening because that is what works best.If it didn’t work, we would have a different “typical” realtor. Obviously, some RE sales and mortgage people have skills and work ethics that are beneficial to their businesses and prevalance of the negative components,however typical, is highly variable.[/quote]

Russell, I agree about “pay to play” constricts being expensive for consumers. Of course, the same could be said for attorneys – you can’t live with ’em and you can’t live without ’em. You would actually have to follow a busy atty or RE agent around all day to see exactly what it is that they do for a living . . . kinda like a police ride-along. If you follow your attorney you’re riding along with into court and watch him/her address the court and possibly argue, you might ask yourself if you can do that for yourself and also ask yourself what that atty had to do in order to prepare him/herself to address the court today. Then, if it looks easy to you, cake . . . easy money, and you think you might like to pursue this line of work, then you should prepare and apply for that license, that law school (assuming you’re admittable and admitted) . . . and 3-5 years later, apply and pay to take the bar exam . . . lather, rinse and repeat until you pass it. And then get ready to “assume the position” of paying down your $120K+ law school debt (working or not).

Did y’all ever think that “typical” realtors might be schmoozing, puffing , bullying, word twisting and mystique inducing because they are constantly approached by the captchas, drbooms and stevenos (no offense here) of the world about piecemealing their services, commission kickbacks and “representing themselves.” How can an agent get anything going with a “qualified long-time resident shopping in their own home turf” (like drboom and the best kind of buyer to have) unless they figure out a way to make him/her feel like they are “representing themselves?”

You might want to ask an active CA RE licensee how much IT COSTS them to remain “active” whether they make any $$ or not. Licensing fees, required continuing ed, REALIST, elec CAR forms, high-speed scanner rental, gas, signage, mobile broadband, business license and possibly office overhead (if broker), advertising, lockboxes, sandicor, transaction coordinator fee, assistant salary, extra block of minutes for cell phone and of course, health insurance and social security. If working with distressed properties, you might also need Lexis Nexis and/or an online up to the minute trust-deed status service and, as sdr said, a “short-sale negotiator.” Not to mention that the majority of agent-salespersons have to split their 2-3% commission with their broker when they finally DO get paid!

It’s EASY to waste 100 hours working in RE sales. If an active licensee chooses to waste their time with every Joe Schmo Flake that wants some of it, the clock WOULD STILL BE RUNNING on all the above expenses (in addition to their LIVING expenses) and they would end up having to get out of the business . . . very fast.

I’ll repeat my mantra . . . if ya can’t beat ’em, STOP COMPLAINING AND JOIN ‘EM!

[bearishgurl]

[quote=Russell]The important feature in RE is the “cabal” not the “cult” of professional specialists. The first enables the second and real estate is hardly the only “profession” under such a system.

Most endeavors in our society have been put under difficult to circumvent, “pay to play” constricts. In some cases the financial burdens to the consumer are ridiculous as in real estate commissions.

When you witness the typical schmoozing, puffing , bullying, word twisting, mystique inducing realtor, that is only happening because that is what works best.If it didn’t work, we would have a different “typical” realtor. Obviously, some RE sales and mortgage people have skills and work ethics that are beneficial to their businesses and prevalance of the negative components,however typical, is highly variable.[/quote]

Russell, I agree about “pay to play” constricts being expensive for consumers. Of course, the same could be said for attorneys – you can’t live with ’em and you can’t live without ’em. You would actually have to follow a busy atty or RE agent around all day to see exactly what it is that they do for a living . . . kinda like a police ride-along. If you follow your attorney you’re riding along with into court and watch him/her address the court and possibly argue, you might ask yourself if you can do that for yourself and also ask yourself what that atty had to do in order to prepare him/herself to address the court today. Then, if it looks easy to you, cake . . . easy money, and you think you might like to pursue this line of work, then you should prepare and apply for that license, that law school (assuming you’re admittable and admitted) . . . and 3-5 years later, apply and pay to take the bar exam . . . lather, rinse and repeat until you pass it. And then get ready to “assume the position” of paying down your $120K+ law school debt (working or not).

Did y’all ever think that “typical” realtors might be schmoozing, puffing , bullying, word twisting and mystique inducing because they are constantly approached by the captchas, drbooms and stevenos (no offense here) of the world about piecemealing their services, commission kickbacks and “representing themselves.” How can an agent get anything going with a “qualified long-time resident shopping in their own home turf” (like drboom and the best kind of buyer to have) unless they figure out a way to make him/her feel like they are “representing themselves?”

You might want to ask an active CA RE licensee how much IT COSTS them to remain “active” whether they make any $$ or not. Licensing fees, required continuing ed, REALIST, elec CAR forms, high-speed scanner rental, gas, signage, mobile broadband, business license and possibly office overhead (if broker), advertising, lockboxes, sandicor, transaction coordinator fee, assistant salary, extra block of minutes for cell phone and of course, health insurance and social security. If working with distressed properties, you might also need Lexis Nexis and/or an online up to the minute trust-deed status service and, as sdr said, a “short-sale negotiator.” Not to mention that the majority of agent-salespersons have to split their 2-3% commission with their broker when they finally DO get paid!

It’s EASY to waste 100 hours working in RE sales. If an active licensee chooses to waste their time with every Joe Schmo Flake that wants some of it, the clock WOULD STILL BE RUNNING on all the above expenses (in addition to their LIVING expenses) and they would end up having to get out of the business . . . very fast.

I’ll repeat my mantra . . . if ya can’t beat ’em, STOP COMPLAINING AND JOIN ‘EM!

[bearishgurl]

[quote=Russell]The important feature in RE is the “cabal” not the “cult” of professional specialists. The first enables the second and real estate is hardly the only “profession” under such a system.

Most endeavors in our society have been put under difficult to circumvent, “pay to play” constricts. In some cases the financial burdens to the consumer are ridiculous as in real estate commissions.

When you witness the typical schmoozing, puffing , bullying, word twisting, mystique inducing realtor, that is only happening because that is what works best.If it didn’t work, we would have a different “typical” realtor. Obviously, some RE sales and mortgage people have skills and work ethics that are beneficial to their businesses and prevalance of the negative components,however typical, is highly variable.[/quote]

Russell, I agree about “pay to play” constricts being expensive for consumers. Of course, the same could be said for attorneys – you can’t live with ’em and you can’t live without ’em. You would actually have to follow a busy atty or RE agent around all day to see exactly what it is that they do for a living . . . kinda like a police ride-along. If you follow your attorney you’re riding along with into court and watch him/her address the court and possibly argue, you might ask yourself if you can do that for yourself and also ask yourself what that atty had to do in order to prepare him/herself to address the court today. Then, if it looks easy to you, cake . . . easy money, and you think you might like to pursue this line of work, then you should prepare and apply for that license, that law school (assuming you’re admittable and admitted) . . . and 3-5 years later, apply and pay to take the bar exam . . . lather, rinse and repeat until you pass it. And then get ready to “assume the position” of paying down your $120K+ law school debt (working or not).

Did y’all ever think that “typical” realtors might be schmoozing, puffing , bullying, word twisting and mystique inducing because they are constantly approached by the captchas, drbooms and stevenos (no offense here) of the world about piecemealing their services, commission kickbacks and “representing themselves.” How can an agent get anything going with a “qualified long-time resident shopping in their own home turf” (like drboom and the best kind of buyer to have) unless they figure out a way to make him/her feel like they are “representing themselves?”

You might want to ask an active CA RE licensee how much IT COSTS them to remain “active” whether they make any $$ or not. Licensing fees, required continuing ed, REALIST, elec CAR forms, high-speed scanner rental, gas, signage, mobile broadband, business license and possibly office overhead (if broker), advertising, lockboxes, sandicor, transaction coordinator fee, assistant salary, extra block of minutes for cell phone and of course, health insurance and social security. If working with distressed properties, you might also need Lexis Nexis and/or an online up to the minute trust-deed status service and, as sdr said, a “short-sale negotiator.” Not to mention that the majority of agent-salespersons have to split their 2-3% commission with their broker when they finally DO get paid!

It’s EASY to waste 100 hours working in RE sales. If an active licensee chooses to waste their time with every Joe Schmo Flake that wants some of it, the clock WOULD STILL BE RUNNING on all the above expenses (in addition to their LIVING expenses) and they would end up having to get out of the business . . . very fast.

I’ll repeat my mantra . . . if ya can’t beat ’em, STOP COMPLAINING AND JOIN ‘EM!

[bearishgurl]

[quote=Russell]The important feature in RE is the “cabal” not the “cult” of professional specialists. The first enables the second and real estate is hardly the only “profession” under such a system.

Most endeavors in our society have been put under difficult to circumvent, “pay to play” constricts. In some cases the financial burdens to the consumer are ridiculous as in real estate commissions.

When you witness the typical schmoozing, puffing , bullying, word twisting, mystique inducing realtor, that is only happening because that is what works best.If it didn’t work, we would have a different “typical” realtor. Obviously, some RE sales and mortgage people have skills and work ethics that are beneficial to their businesses and prevalance of the negative components,however typical, is highly variable.[/quote]

Russell, I agree about “pay to play” constricts being expensive for consumers. Of course, the same could be said for attorneys – you can’t live with ’em and you can’t live without ’em. You would actually have to follow a busy atty or RE agent around all day to see exactly what it is that they do for a living . . . kinda like a police ride-along. If you follow your attorney you’re riding along with into court and watch him/her address the court and possibly argue, you might ask yourself if you can do that for yourself and also ask yourself what that atty had to do in order to prepare him/herself to address the court today. Then, if it looks easy to you, cake . . . easy money, and you think you might like to pursue this line of work, then you should prepare and apply for that license, that law school (assuming you’re admittable and admitted) . . . and 3-5 years later, apply and pay to take the bar exam . . . lather, rinse and repeat until you pass it. And then get ready to “assume the position” of paying down your $120K+ law school debt (working or not).

Did y’all ever think that “typical” realtors might be schmoozing, puffing , bullying, word twisting and mystique inducing because they are constantly approached by the captchas, drbooms and stevenos (no offense here) of the world about piecemealing their services, commission kickbacks and “representing themselves.” How can an agent get anything going with a “qualified long-time resident shopping in their own home turf” (like drboom and the best kind of buyer to have) unless they figure out a way to make him/her feel like they are “representing themselves?”

You might want to ask an active CA RE licensee how much IT COSTS them to remain “active” whether they make any $$ or not. Licensing fees, required continuing ed, REALIST, elec CAR forms, high-speed scanner rental, gas, signage, mobile broadband, business license and possibly office overhead (if broker), advertising, lockboxes, sandicor, transaction coordinator fee, assistant salary, extra block of minutes for cell phone and of course, health insurance and social security. If working with distressed properties, you might also need Lexis Nexis and/or an online up to the minute trust-deed status service and, as sdr said, a “short-sale negotiator.” Not to mention that the majority of agent-salespersons have to split their 2-3% commission with their broker when they finally DO get paid!

It’s EASY to waste 100 hours working in RE sales. If an active licensee chooses to waste their time with every Joe Schmo Flake that wants some of it, the clock WOULD STILL BE RUNNING on all the above expenses (in addition to their LIVING expenses) and they would end up having to get out of the business . . . very fast.

I’ll repeat my mantra . . . if ya can’t beat ’em, STOP COMPLAINING AND JOIN ‘EM!

[Author]

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