The cult of professional specialists

[sdrealtor]

DR. B
LOL, I was not incredulous and said you may have done very well. I just dont have the data to know that to be true and dont think you do either. We dont have special insight we just subscribe to databases you dont have access to. Thats all it is. Pay a few grand a year and you can see them also.

nj
I did not refuse to deal with any buyers and would deal with anyone who wants to buy any of my lisitngs. I encouraged them to find someone to represent them and I would gladly deal with any of them. There were not turned away from buying the property, just turned away from the opportunity to waste my time trying to bend me over a barrel and take me from behind. There is nothing wrong with asking them to find an agent to show them the property. If they have a sincere interest in the property they should have no problem doing that.

The proceeds delivered to a seller are unchanged whether the buyer is represented by an agent who gets paid a commission or by a principal who gets that commission for themselves. On the other hand a buyer represented by a good agent is more likely to have gone through some vetting process which is beneficial to my client.

[drboom]

[quote=bearishgurl]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]

Let’s see …

On one side we have an internationally known economist who wrote a book that sold 4 million copies and got vetted by the world’s smartest people.

On the other side, we have a local real estate agent’s assertion in an online forum.

I think we’ll need some data to back up that assertion.

Also, do you care to answer the questions I asked in the last part of my post above? I think you owe me that much after all the questions I answered. 🙂

[drboom]

[quote=bearishgurl]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]

Let’s see …

On one side we have an internationally known economist who wrote a book that sold 4 million copies and got vetted by the world’s smartest people.

On the other side, we have a local real estate agent’s assertion in an online forum.

I think we’ll need some data to back up that assertion.

Also, do you care to answer the questions I asked in the last part of my post above? I think you owe me that much after all the questions I answered. 🙂

[drboom]

[quote=bearishgurl]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]

Let’s see …

On one side we have an internationally known economist who wrote a book that sold 4 million copies and got vetted by the world’s smartest people.

On the other side, we have a local real estate agent’s assertion in an online forum.

I think we’ll need some data to back up that assertion.

Also, do you care to answer the questions I asked in the last part of my post above? I think you owe me that much after all the questions I answered. 🙂

[drboom]

[quote=bearishgurl]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]

Let’s see …

On one side we have an internationally known economist who wrote a book that sold 4 million copies and got vetted by the world’s smartest people.

On the other side, we have a local real estate agent’s assertion in an online forum.

I think we’ll need some data to back up that assertion.

Also, do you care to answer the questions I asked in the last part of my post above? I think you owe me that much after all the questions I answered. 🙂

[drboom]

[quote=bearishgurl]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]

Let’s see …

On one side we have an internationally known economist who wrote a book that sold 4 million copies and got vetted by the world’s smartest people.

On the other side, we have a local real estate agent’s assertion in an online forum.

I think we’ll need some data to back up that assertion.

Also, do you care to answer the questions I asked in the last part of my post above? I think you owe me that much after all the questions I answered. 🙂

[drboom]

[quote=sdrealtor]DR. B
LOL, I was not incredulous and said you may have done very well.[/quote]

Really? Where? A URL would help, but I don’t think you’ll find one.

[quote]I just dont have the data to know that to be true and dont think you do either.[/quote]

I already addressed your data. Find something specifically wrong with my points above and we might have something to talk about.

[quote]We dont have special insight we just subscribe to databases you dont have access to. Thats all it is. Pay a few grand a year and you can see them also.[/quote]

OK, I’m confused. Now your years of professional experience don’t give you any special insight? Not even I would go that far. I can produce quotes from the other thread if you don’t know what I’m confused about.

Also, you didn’t answer the questions I asked at the end of my post.

[drboom]

[quote=sdrealtor]DR. B
LOL, I was not incredulous and said you may have done very well.[/quote]

Really? Where? A URL would help, but I don’t think you’ll find one.

[quote]I just dont have the data to know that to be true and dont think you do either.[/quote]

I already addressed your data. Find something specifically wrong with my points above and we might have something to talk about.

[quote]We dont have special insight we just subscribe to databases you dont have access to. Thats all it is. Pay a few grand a year and you can see them also.[/quote]

OK, I’m confused. Now your years of professional experience don’t give you any special insight? Not even I would go that far. I can produce quotes from the other thread if you don’t know what I’m confused about.

Also, you didn’t answer the questions I asked at the end of my post.

[drboom]

[quote=sdrealtor]DR. B
LOL, I was not incredulous and said you may have done very well.[/quote]

Really? Where? A URL would help, but I don’t think you’ll find one.

[quote]I just dont have the data to know that to be true and dont think you do either.[/quote]

I already addressed your data. Find something specifically wrong with my points above and we might have something to talk about.

[quote]We dont have special insight we just subscribe to databases you dont have access to. Thats all it is. Pay a few grand a year and you can see them also.[/quote]

OK, I’m confused. Now your years of professional experience don’t give you any special insight? Not even I would go that far. I can produce quotes from the other thread if you don’t know what I’m confused about.

Also, you didn’t answer the questions I asked at the end of my post.

[drboom]

[quote=sdrealtor]DR. B
LOL, I was not incredulous and said you may have done very well.[/quote]

Really? Where? A URL would help, but I don’t think you’ll find one.

[quote]I just dont have the data to know that to be true and dont think you do either.[/quote]

I already addressed your data. Find something specifically wrong with my points above and we might have something to talk about.

[quote]We dont have special insight we just subscribe to databases you dont have access to. Thats all it is. Pay a few grand a year and you can see them also.[/quote]

OK, I’m confused. Now your years of professional experience don’t give you any special insight? Not even I would go that far. I can produce quotes from the other thread if you don’t know what I’m confused about.

Also, you didn’t answer the questions I asked at the end of my post.

[drboom]

[quote=sdrealtor]DR. B
LOL, I was not incredulous and said you may have done very well.[/quote]

Really? Where? A URL would help, but I don’t think you’ll find one.

[quote]I just dont have the data to know that to be true and dont think you do either.[/quote]

I already addressed your data. Find something specifically wrong with my points above and we might have something to talk about.

[quote]We dont have special insight we just subscribe to databases you dont have access to. Thats all it is. Pay a few grand a year and you can see them also.[/quote]

OK, I’m confused. Now your years of professional experience don’t give you any special insight? Not even I would go that far. I can produce quotes from the other thread if you don’t know what I’m confused about.

Also, you didn’t answer the questions I asked at the end of my post.

[sdrealtor]

DR B
To answer your question very few are underwater. They bought for the right reason and bought homes they will stay in long term.

I sold 24 hopmes between 2003 and 2007. Three have already sold for gains. Two sold for losses (short sales) but came out with little or no monetray losses and FICO scores intact. The 1st of those shorts would have stayed forever in the home they bought but had an incredible job opportunity so they moved. I got a short sale done for them which dropped their FICO’s from 800 to 780 (I saw the report 6 months after) and a full release from liability. The 2nd bought against my advice and was pushed into it by his young bride he has since divorced. I tried my best to talk him out of it.

Nearly all of the other 19 are all in homes they love and will stay in at least 5 to 10 years longer and many much longer. The most underwater bought in 2005 and I called and begged to them to sell in 2007. They were underwater and would have lost about $10K. They made over $200K a year and I told them to rent for 2 years and then buy back in. They would not listen and now wish they did. On the plus side they came to me committed to buying something in my area in 2005. A previous agent almost sold them a 1300 sf home for $50K more than the 2100 sf home I got them. While they are a bit trapped because they did not listen to my advice to sell and rent a couple years, they do have a enough space to live.

There is not a single client I cant look in the face and tell I did right by them.

[sdrealtor]

DR B
To answer your question very few are underwater. They bought for the right reason and bought homes they will stay in long term.

I sold 24 hopmes between 2003 and 2007. Three have already sold for gains. Two sold for losses (short sales) but came out with little or no monetray losses and FICO scores intact. The 1st of those shorts would have stayed forever in the home they bought but had an incredible job opportunity so they moved. I got a short sale done for them which dropped their FICO’s from 800 to 780 (I saw the report 6 months after) and a full release from liability. The 2nd bought against my advice and was pushed into it by his young bride he has since divorced. I tried my best to talk him out of it.

Nearly all of the other 19 are all in homes they love and will stay in at least 5 to 10 years longer and many much longer. The most underwater bought in 2005 and I called and begged to them to sell in 2007. They were underwater and would have lost about $10K. They made over $200K a year and I told them to rent for 2 years and then buy back in. They would not listen and now wish they did. On the plus side they came to me committed to buying something in my area in 2005. A previous agent almost sold them a 1300 sf home for $50K more than the 2100 sf home I got them. While they are a bit trapped because they did not listen to my advice to sell and rent a couple years, they do have a enough space to live.

There is not a single client I cant look in the face and tell I did right by them.

[sdrealtor]

DR B
To answer your question very few are underwater. They bought for the right reason and bought homes they will stay in long term.

I sold 24 hopmes between 2003 and 2007. Three have already sold for gains. Two sold for losses (short sales) but came out with little or no monetray losses and FICO scores intact. The 1st of those shorts would have stayed forever in the home they bought but had an incredible job opportunity so they moved. I got a short sale done for them which dropped their FICO’s from 800 to 780 (I saw the report 6 months after) and a full release from liability. The 2nd bought against my advice and was pushed into it by his young bride he has since divorced. I tried my best to talk him out of it.

Nearly all of the other 19 are all in homes they love and will stay in at least 5 to 10 years longer and many much longer. The most underwater bought in 2005 and I called and begged to them to sell in 2007. They were underwater and would have lost about $10K. They made over $200K a year and I told them to rent for 2 years and then buy back in. They would not listen and now wish they did. On the plus side they came to me committed to buying something in my area in 2005. A previous agent almost sold them a 1300 sf home for $50K more than the 2100 sf home I got them. While they are a bit trapped because they did not listen to my advice to sell and rent a couple years, they do have a enough space to live.

There is not a single client I cant look in the face and tell I did right by them.

[sdrealtor]

DR B
To answer your question very few are underwater. They bought for the right reason and bought homes they will stay in long term.

I sold 24 hopmes between 2003 and 2007. Three have already sold for gains. Two sold for losses (short sales) but came out with little or no monetray losses and FICO scores intact. The 1st of those shorts would have stayed forever in the home they bought but had an incredible job opportunity so they moved. I got a short sale done for them which dropped their FICO’s from 800 to 780 (I saw the report 6 months after) and a full release from liability. The 2nd bought against my advice and was pushed into it by his young bride he has since divorced. I tried my best to talk him out of it.

Nearly all of the other 19 are all in homes they love and will stay in at least 5 to 10 years longer and many much longer. The most underwater bought in 2005 and I called and begged to them to sell in 2007. They were underwater and would have lost about $10K. They made over $200K a year and I told them to rent for 2 years and then buy back in. They would not listen and now wish they did. On the plus side they came to me committed to buying something in my area in 2005. A previous agent almost sold them a 1300 sf home for $50K more than the 2100 sf home I got them. While they are a bit trapped because they did not listen to my advice to sell and rent a couple years, they do have a enough space to live.

There is not a single client I cant look in the face and tell I did right by them.

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