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SD Realtor
ParticipantIts pretty generic stuff Rus…. pretty much a total of actives, pendings, what has come on and what has dropped off over the past week. I know your feelings on individual listings and such and I can respect that. Doing more then one or two zips well…okay to be honest I am just lazy and doing more then one or two zips is not as fun as just munging around on other threads…
SD Realtor
ParticipantOh you dog!!!
I wish I could LOL…. I still slave away for the man… electrical engineering.
SD Realtor
ParticipantOh you dog!!!
I wish I could LOL…. I still slave away for the man… electrical engineering.
SD Realtor
ParticipantI would do it with you in a heartbeat….
Like I said though, we would still need to keep our dayjobs…
SD Realtor
ParticipantI would do it with you in a heartbeat….
Like I said though, we would still need to keep our dayjobs…
SD Realtor
ParticipantThey claimed to have made about 70k price cuts. I cannot verify that. I agree with Farbet that the noise was just to much. The units that my clients liked were priced in the high 500’s, about 589k.
In terms of what I think would be a fair price for them? Not sure, I would never buy them to live in as I am really anal when it comes to noise. So I would need to look at what I could get for rent and go from there…. IMO just as a guess I wouldn’t pay over 400k for one of them but that is not based on any analysis at all.
SD Realtor
ParticipantThey claimed to have made about 70k price cuts. I cannot verify that. I agree with Farbet that the noise was just to much. The units that my clients liked were priced in the high 500’s, about 589k.
In terms of what I think would be a fair price for them? Not sure, I would never buy them to live in as I am really anal when it comes to noise. So I would need to look at what I could get for rent and go from there…. IMO just as a guess I wouldn’t pay over 400k for one of them but that is not based on any analysis at all.
SD Realtor
Participantnewguy no worries at all.
Your realtor should have definitely asked you if you were interested in new homes or resale homes. However, after awhile it may have been helpful for you to tell him/her that you wanted to see new developments as well.
jan777 yeah I do agree with you that the realtor should have asked from the beginning if newguy was interested in new homes verses resale.
As far as commissions go, most of the new home developments (at least down here in SD) offer just as much if not more then resellers. This has been a fairly recent change because as little as a year and a half ago, the majority of the builders didn’t offer any commissions. As soon as the market started to tank they changed their tune.
rus I am sorry for not being explicit in my description. When you described the way you work you were very accurate and I was not.
To answer your questions, yes I list for 1% and encourage sellers to offer at least 2.5% as a coop (for the buyers agent). So yes at the end of escrow I get 1% and that is it. What I do not provide are open houses, print advertising, caravans (unless it is a high end home) and mailers. If people want that extra advertising I will provide it for them and they can pay for it. Transaction coordination is $395.
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Again, just to clarify there are ample choices out there. Help U Sell is one of them. Powayseller and others have used them. They advertise a fixed fee to sell your home however the fixed fee actually varies with the sales price of your home. In reality it is about 1.2-1.5% on the listing side and they to encourage sellers to offer a 2.5% coop commission. I Pay 1 is no longer in the game. Jeff Karchin will list your home on the MLS for a matter of a few hundred dollars. That is about all he does but that gets sellers exposure. Forsalebyowner.com is another alternative for people who want to FSBO.
The degree of service people offer varies of course. Rus I am not sure what sources of advertising you do, open houses, print ads, etc but I don’t do any of that. For 1% I could never afford it. The full service guys do of course provide all of that. I contend it is pricing and the condition of your home that will determine if it will sell. Help U Sell franchises offer different service plans (if I recall correctly) regarding open houses and stuff like that. The large brokerages have such a sheer number of agents that I believe this is where their major advantage lies. However, there is a listing 4 homes away from me that is a Prudential home and has been on the market for several months now. IMO it was simply not priced correctly.
Participantnewguy no worries at all.
Your realtor should have definitely asked you if you were interested in new homes or resale homes. However, after awhile it may have been helpful for you to tell him/her that you wanted to see new developments as well.
jan777 yeah I do agree with you that the realtor should have asked from the beginning if newguy was interested in new homes verses resale.
As far as commissions go, most of the new home developments (at least down here in SD) offer just as much if not more then resellers. This has been a fairly recent change because as little as a year and a half ago, the majority of the builders didn’t offer any commissions. As soon as the market started to tank they changed their tune.
rus I am sorry for not being explicit in my description. When you described the way you work you were very accurate and I was not.
To answer your questions, yes I list for 1% and encourage sellers to offer at least 2.5% as a coop (for the buyers agent). So yes at the end of escrow I get 1% and that is it. What I do not provide are open houses, print advertising, caravans (unless it is a high end home) and mailers. If people want that extra advertising I will provide it for them and they can pay for it. Transaction coordination is $395.
******
Again, just to clarify there are ample choices out there. Help U Sell is one of them. Powayseller and others have used them. They advertise a fixed fee to sell your home however the fixed fee actually varies with the sales price of your home. In reality it is about 1.2-1.5% on the listing side and they to encourage sellers to offer a 2.5% coop commission. I Pay 1 is no longer in the game. Jeff Karchin will list your home on the MLS for a matter of a few hundred dollars. That is about all he does but that gets sellers exposure. Forsalebyowner.com is another alternative for people who want to FSBO.
The degree of service people offer varies of course. Rus I am not sure what sources of advertising you do, open houses, print ads, etc but I don’t do any of that. For 1% I could never afford it. The full service guys do of course provide all of that. I contend it is pricing and the condition of your home that will determine if it will sell. Help U Sell franchises offer different service plans (if I recall correctly) regarding open houses and stuff like that. The large brokerages have such a sheer number of agents that I believe this is where their major advantage lies. However, there is a listing 4 homes away from me that is a Prudential home and has been on the market for several months now. IMO it was simply not priced correctly.
ParticipantThis was quite a thread…
Newguy – One thing, you never answered my question about whether you actually told or asked your sales agent to show you any new homes. I am still kind of curious about that.
I think everyone made alot of good posts and it seems clear to me at least that it is more of a situation of “to each his own”… Rustico noted how he offers reduced commission and rebates buyers commission, there are guys like me that list homes for 1% commission and rebate buyers commissions, there are Help U Sell brokerages, there are guys like Jeff Karchin that put your home on the MLS for like 500 bucks and let you negotiate the deal with buyers. There are websites like forsalebyowner.com as well. There are full service traditional brokerages as well.
Once more, there are all kinds of alternatives out there. Different use s for different buyers and sellers.
SD Realtor
ParticipantThis was quite a thread…
Newguy – One thing, you never answered my question about whether you actually told or asked your sales agent to show you any new homes. I am still kind of curious about that.
I think everyone made alot of good posts and it seems clear to me at least that it is more of a situation of “to each his own”… Rustico noted how he offers reduced commission and rebates buyers commission, there are guys like me that list homes for 1% commission and rebate buyers commissions, there are Help U Sell brokerages, there are guys like Jeff Karchin that put your home on the MLS for like 500 bucks and let you negotiate the deal with buyers. There are websites like forsalebyowner.com as well. There are full service traditional brokerages as well.
Once more, there are all kinds of alternatives out there. Different use s for different buyers and sellers.
SD Realtor
ParticipantLostkitty we went to the 94th Aero Squadron for mothers day and while we were leaving I saw Jerry (who was one of the lead guitars) walk in. I said hello and he was really nice.
Country Dick lives on…
SD Realtor
ParticipantLostkitty we went to the 94th Aero Squadron for mothers day and while we were leaving I saw Jerry (who was one of the lead guitars) walk in. I said hello and he was really nice.
Country Dick lives on…
SD Realtor
Participant“How does an agent or broker on this blog know that these anonymous posters are potential clients or snoops?”
I don’t know.
“Also, how would piggingtonians feel if it were them being exposed?”
Personally I am okay with anyone looking up properties I have owned and what I paid for them and what the mortgage recordings are.
“Anyway I wonder if the Realtors here think there is an ethical fine line? Or is this just my own standard?”
We all have our own standards. Personally I have no problem regurgitating what is on public record.
SD Realtor
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