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drboom
Participant[quote=bearishgurl][quote=drboom]You can argue semantics all you want, but I did in fact pay 1% less than I would have if I had been a good boy and followed the rules. Maybe you’re too rich to care, but that’s real money to me. I know it’s just a discount on the commission that I, as a buyer, am paying (see my previous post) so I don’t fool myself into thinking it’s “found money”.
Do you feel threatened by that?[/quote]
Actually, no, drboom, I don’t feel “threatened” at all. If it made your problematic deal work and was a win-win for both of you, then it appears that a full-service agent made a business decision to kick you back half their commission to get the deal done.[/quote]
No, he wanted our business and understood we wanted a limited set of services. I never even sat in his Escalade. The deal that closed wasn’t “problematic” as short sales go: it closed 90 days after our first offer.
[quote]The listing agent actually made less out of the sale than you did because he had expenses and possibly commission splits to boot! So, count yourself lucky here.[/quote]
OK, now I’m beginning to think you’ve got comprehension issues. The listing agent on the house we bought paid out the same 3% he would have paid out to anyone else. Our buyer’s agent did a post-tax fee split with us, and he showed us his payout statement from his broker to head off any questions about honesty.
[quote]
(arithmetic redacted)The monthly payment difference is $28.35 between a $495K and $500K purchase price.
[/quote]This is the kind of thinking that is bankrupting our government. Thackeray had some choice rants about conducting one’s life on debt service in Vanity Fair back in the 1840s (edit: fixed century). Great book, though it could have ended better.
Let’s complete your arithmetic, shall we? That piddly $28.35/mo. adds up to $10,206.00 over 360 payments.
My wife and I could take five cruises down the coast of Mexico for that kind of money, but you suggest we’d be better off staying at home so we can pay for services we neither want nor need.
[quote]Hey, drboom?? You still haven’t indicated here whether or not your veteran agent/relative is still speaking to you and/or your wife.[/quote]
Not that it’s any of your business, but I never said she wasn’t speaking to us. Go re-read what I wrote and you’ll figure it out.
Participant[quote=sdrealtor]Absolutely and I would gladly make it again. Its not a perfect system and it has plenty of flaws but it works much better than a system without RE agents involved would.[/quote]
That’s quite an assertion.
In the words of our kind host:
[quote]
In God We Trust.
Everyone Else Bring Data.
[/quote]I assume you have some facts, or at least some economic theory, to back up your position. I encourage you to post them to a new thread–we’ve ventured far enough off the current topic, haven’t we?
Participant[quote=sdrealtor]Absolutely and I would gladly make it again. Its not a perfect system and it has plenty of flaws but it works much better than a system without RE agents involved would.[/quote]
That’s quite an assertion.
In the words of our kind host:
[quote]
In God We Trust.
Everyone Else Bring Data.
[/quote]I assume you have some facts, or at least some economic theory, to back up your position. I encourage you to post them to a new thread–we’ve ventured far enough off the current topic, haven’t we?
Participant[quote=sdrealtor]Absolutely and I would gladly make it again. Its not a perfect system and it has plenty of flaws but it works much better than a system without RE agents involved would.[/quote]
That’s quite an assertion.
In the words of our kind host:
[quote]
In God We Trust.
Everyone Else Bring Data.
[/quote]I assume you have some facts, or at least some economic theory, to back up your position. I encourage you to post them to a new thread–we’ve ventured far enough off the current topic, haven’t we?
Participant[quote=sdrealtor]Absolutely and I would gladly make it again. Its not a perfect system and it has plenty of flaws but it works much better than a system without RE agents involved would.[/quote]
That’s quite an assertion.
In the words of our kind host:
[quote]
In God We Trust.
Everyone Else Bring Data.
[/quote]I assume you have some facts, or at least some economic theory, to back up your position. I encourage you to post them to a new thread–we’ve ventured far enough off the current topic, haven’t we?
Participant[quote=sdrealtor]Absolutely and I would gladly make it again. Its not a perfect system and it has plenty of flaws but it works much better than a system without RE agents involved would.[/quote]
That’s quite an assertion.
In the words of our kind host:
[quote]
In God We Trust.
Everyone Else Bring Data.
[/quote]I assume you have some facts, or at least some economic theory, to back up your position. I encourage you to post them to a new thread–we’ve ventured far enough off the current topic, haven’t we?
Participant[quote=bearishgurl]
drboom, let me ask you . . . Do you HONESTLY THINK that you can get a seller to reduce his price more if you make an offer on their property using his/her listing agent when THEY HAVE ALREADY SIGNED an Exclusive Authorization and Right to Sell contract with that listing agent for AN AGREED UPON COMMISSION to his/her broker (or him/her directly, if they ARE the listing broker)??Your sellers have to pay the set amount of commission THEY HAVE ALREADY AGREED TO upon the successful close of escrow. It makes no difference to them WHO procures the buyer.
Think about it.[/quote]
You can argue semantics all you want, but I did in fact pay 1% less than I would have if I had been a good boy and followed the rules. Maybe you’re too rich to care, but that’s real money to me. I know it’s just a discount on the commission that I, as a buyer, am paying (see my previous post) so I don’t fool myself into thinking it’s “found money”.
Do you feel threatened by that?
Participant[quote=bearishgurl]
drboom, let me ask you . . . Do you HONESTLY THINK that you can get a seller to reduce his price more if you make an offer on their property using his/her listing agent when THEY HAVE ALREADY SIGNED an Exclusive Authorization and Right to Sell contract with that listing agent for AN AGREED UPON COMMISSION to his/her broker (or him/her directly, if they ARE the listing broker)??Your sellers have to pay the set amount of commission THEY HAVE ALREADY AGREED TO upon the successful close of escrow. It makes no difference to them WHO procures the buyer.
Think about it.[/quote]
You can argue semantics all you want, but I did in fact pay 1% less than I would have if I had been a good boy and followed the rules. Maybe you’re too rich to care, but that’s real money to me. I know it’s just a discount on the commission that I, as a buyer, am paying (see my previous post) so I don’t fool myself into thinking it’s “found money”.
Do you feel threatened by that?
Participant[quote=bearishgurl]
drboom, let me ask you . . . Do you HONESTLY THINK that you can get a seller to reduce his price more if you make an offer on their property using his/her listing agent when THEY HAVE ALREADY SIGNED an Exclusive Authorization and Right to Sell contract with that listing agent for AN AGREED UPON COMMISSION to his/her broker (or him/her directly, if they ARE the listing broker)??Your sellers have to pay the set amount of commission THEY HAVE ALREADY AGREED TO upon the successful close of escrow. It makes no difference to them WHO procures the buyer.
Think about it.[/quote]
You can argue semantics all you want, but I did in fact pay 1% less than I would have if I had been a good boy and followed the rules. Maybe you’re too rich to care, but that’s real money to me. I know it’s just a discount on the commission that I, as a buyer, am paying (see my previous post) so I don’t fool myself into thinking it’s “found money”.
Do you feel threatened by that?
Participant[quote=bearishgurl]
drboom, let me ask you . . . Do you HONESTLY THINK that you can get a seller to reduce his price more if you make an offer on their property using his/her listing agent when THEY HAVE ALREADY SIGNED an Exclusive Authorization and Right to Sell contract with that listing agent for AN AGREED UPON COMMISSION to his/her broker (or him/her directly, if they ARE the listing broker)??Your sellers have to pay the set amount of commission THEY HAVE ALREADY AGREED TO upon the successful close of escrow. It makes no difference to them WHO procures the buyer.
Think about it.[/quote]
You can argue semantics all you want, but I did in fact pay 1% less than I would have if I had been a good boy and followed the rules. Maybe you’re too rich to care, but that’s real money to me. I know it’s just a discount on the commission that I, as a buyer, am paying (see my previous post) so I don’t fool myself into thinking it’s “found money”.
Do you feel threatened by that?
Participant[quote=bearishgurl]
drboom, let me ask you . . . Do you HONESTLY THINK that you can get a seller to reduce his price more if you make an offer on their property using his/her listing agent when THEY HAVE ALREADY SIGNED an Exclusive Authorization and Right to Sell contract with that listing agent for AN AGREED UPON COMMISSION to his/her broker (or him/her directly, if they ARE the listing broker)??Your sellers have to pay the set amount of commission THEY HAVE ALREADY AGREED TO upon the successful close of escrow. It makes no difference to them WHO procures the buyer.
Think about it.[/quote]
You can argue semantics all you want, but I did in fact pay 1% less than I would have if I had been a good boy and followed the rules. Maybe you’re too rich to care, but that’s real money to me. I know it’s just a discount on the commission that I, as a buyer, am paying (see my previous post) so I don’t fool myself into thinking it’s “found money”.
Do you feel threatened by that?
Participant[quote=bearishgurl]
drboom, it appears from your post, above, that you ended up purchasing a property that had been close to default, (snip)[/quote]Perhaps I wasn’t clear. The day after BofA tried to screw his seller, the listing agent on the first short sale drove out and pulled up his sign. He had been involved with the listing for a grand total of 4 months. He then made his fee split offer, and we did a deal on another completely unrelated house.
Why are you trying to put the worst construction on this? Are you, like sdr, threatened by the notion that your services aren’t essential to life, liberty, and the pursuit of happiness?
[quote]Just wondering though . . . How does your wife’s relative feel about you both now after he was cut out of the commission on that deal?[/quote]
He was pissed, and so were a couple of other family members, but they got over it. It’s better than having him hose us on a deal, which he was bidding fair to do, and end up never speaking to him again.
Participant[quote=bearishgurl]
drboom, it appears from your post, above, that you ended up purchasing a property that had been close to default, (snip)[/quote]Perhaps I wasn’t clear. The day after BofA tried to screw his seller, the listing agent on the first short sale drove out and pulled up his sign. He had been involved with the listing for a grand total of 4 months. He then made his fee split offer, and we did a deal on another completely unrelated house.
Why are you trying to put the worst construction on this? Are you, like sdr, threatened by the notion that your services aren’t essential to life, liberty, and the pursuit of happiness?
[quote]Just wondering though . . . How does your wife’s relative feel about you both now after he was cut out of the commission on that deal?[/quote]
He was pissed, and so were a couple of other family members, but they got over it. It’s better than having him hose us on a deal, which he was bidding fair to do, and end up never speaking to him again.
Participant[quote=bearishgurl]
drboom, it appears from your post, above, that you ended up purchasing a property that had been close to default, (snip)[/quote]Perhaps I wasn’t clear. The day after BofA tried to screw his seller, the listing agent on the first short sale drove out and pulled up his sign. He had been involved with the listing for a grand total of 4 months. He then made his fee split offer, and we did a deal on another completely unrelated house.
Why are you trying to put the worst construction on this? Are you, like sdr, threatened by the notion that your services aren’t essential to life, liberty, and the pursuit of happiness?
[quote]Just wondering though . . . How does your wife’s relative feel about you both now after he was cut out of the commission on that deal?[/quote]
He was pissed, and so were a couple of other family members, but they got over it. It’s better than having him hose us on a deal, which he was bidding fair to do, and end up never speaking to him again.
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