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June 28, 2009 at 6:54 PM in reply to: Has anyone actually used Redfin to purchase a home? Interested to hear what your experience was #421628June 28, 2009 at 6:54 PM in reply to: Has anyone actually used Redfin to purchase a home? Interested to hear what your experience was #421901
SD Realtor
ParticipantSdr you have done an admirable job on this thread.
So here are my thoughts….
First off, I think it was Ray Byrnes who brought up a good point about aggregate time. This is the true measure that must be used in you want to break down my hourly rate. I have had one hit wonders where a client buys a home the first time out or where a listing sells in 3 days. Conversely I have a short sale listing right now that I have logged over 150 hours of work with nothing even approved yet. I have had buyers scorch me or backdoor me after months even years worth of work with them.
This isn’t meant to get sympathy it is simply meant to illuminate those who think that on an hourly rate realtors make a killing because the reality is most of them do not.
As an engineer I have spent years on projects that went nowhere. We did not tape them out and eventually they got cancelled. We still get paid. It is valiant to think that a bsee degree and knowledge of how to write code should justify that I should get 125k a year. Honestlyv though as someone who has done both real estate and engineering full time the number of hours are about the same. To me real estate is harder because you deal with people in your profession who are not terribly bright. However you also deal with sellers and buyers who can be quite challenging.
An earlier post in the thread mentioned that you can’t buy or sell a property without paying the 6 percent commission and that is just flat out not true. There are more alternatives now then there have ever been. I go to listing appts, say my peace, give my honest opinion on homes and many times don’t get the listing because other agents tell the seller they can get a higher price or that the seller must have all the marketing bells and whistles or the home will never sell. Yes the industry is filled with swine. Boil it down and it is nothing but a sales job and in the end most people do look back and go “crap I could have saved 10s of thousands of dollars” if I did it this way or that way.
Nostra you posted that you went the fsbo route and found a great home and got a smoking deal and that is a perfectly valid route for people to go down. People have more choices now then ever. I do think that a good realtor does add value to their buyer or seller. It doesn’t matter if they are discount or non discount.
Calling their previous clients is probably the best thing a woodbee client can do.
As far as the poster that brought up the high end homes and 150k in commission. Yes that is true and it does stink. Again it is one of those things where it does not scale properly as well. Those agents who do only the high end do make a killing but again it is hard to say how much time they invested in dead ends. In general though I do agree with you.
June 28, 2009 at 6:54 PM in reply to: Has anyone actually used Redfin to purchase a home? Interested to hear what your experience was #421969SD Realtor
ParticipantSdr you have done an admirable job on this thread.
So here are my thoughts….
First off, I think it was Ray Byrnes who brought up a good point about aggregate time. This is the true measure that must be used in you want to break down my hourly rate. I have had one hit wonders where a client buys a home the first time out or where a listing sells in 3 days. Conversely I have a short sale listing right now that I have logged over 150 hours of work with nothing even approved yet. I have had buyers scorch me or backdoor me after months even years worth of work with them.
This isn’t meant to get sympathy it is simply meant to illuminate those who think that on an hourly rate realtors make a killing because the reality is most of them do not.
As an engineer I have spent years on projects that went nowhere. We did not tape them out and eventually they got cancelled. We still get paid. It is valiant to think that a bsee degree and knowledge of how to write code should justify that I should get 125k a year. Honestlyv though as someone who has done both real estate and engineering full time the number of hours are about the same. To me real estate is harder because you deal with people in your profession who are not terribly bright. However you also deal with sellers and buyers who can be quite challenging.
An earlier post in the thread mentioned that you can’t buy or sell a property without paying the 6 percent commission and that is just flat out not true. There are more alternatives now then there have ever been. I go to listing appts, say my peace, give my honest opinion on homes and many times don’t get the listing because other agents tell the seller they can get a higher price or that the seller must have all the marketing bells and whistles or the home will never sell. Yes the industry is filled with swine. Boil it down and it is nothing but a sales job and in the end most people do look back and go “crap I could have saved 10s of thousands of dollars” if I did it this way or that way.
Nostra you posted that you went the fsbo route and found a great home and got a smoking deal and that is a perfectly valid route for people to go down. People have more choices now then ever. I do think that a good realtor does add value to their buyer or seller. It doesn’t matter if they are discount or non discount.
Calling their previous clients is probably the best thing a woodbee client can do.
As far as the poster that brought up the high end homes and 150k in commission. Yes that is true and it does stink. Again it is one of those things where it does not scale properly as well. Those agents who do only the high end do make a killing but again it is hard to say how much time they invested in dead ends. In general though I do agree with you.
June 28, 2009 at 6:54 PM in reply to: Has anyone actually used Redfin to purchase a home? Interested to hear what your experience was #422130SD Realtor
ParticipantSdr you have done an admirable job on this thread.
So here are my thoughts….
First off, I think it was Ray Byrnes who brought up a good point about aggregate time. This is the true measure that must be used in you want to break down my hourly rate. I have had one hit wonders where a client buys a home the first time out or where a listing sells in 3 days. Conversely I have a short sale listing right now that I have logged over 150 hours of work with nothing even approved yet. I have had buyers scorch me or backdoor me after months even years worth of work with them.
This isn’t meant to get sympathy it is simply meant to illuminate those who think that on an hourly rate realtors make a killing because the reality is most of them do not.
As an engineer I have spent years on projects that went nowhere. We did not tape them out and eventually they got cancelled. We still get paid. It is valiant to think that a bsee degree and knowledge of how to write code should justify that I should get 125k a year. Honestlyv though as someone who has done both real estate and engineering full time the number of hours are about the same. To me real estate is harder because you deal with people in your profession who are not terribly bright. However you also deal with sellers and buyers who can be quite challenging.
An earlier post in the thread mentioned that you can’t buy or sell a property without paying the 6 percent commission and that is just flat out not true. There are more alternatives now then there have ever been. I go to listing appts, say my peace, give my honest opinion on homes and many times don’t get the listing because other agents tell the seller they can get a higher price or that the seller must have all the marketing bells and whistles or the home will never sell. Yes the industry is filled with swine. Boil it down and it is nothing but a sales job and in the end most people do look back and go “crap I could have saved 10s of thousands of dollars” if I did it this way or that way.
Nostra you posted that you went the fsbo route and found a great home and got a smoking deal and that is a perfectly valid route for people to go down. People have more choices now then ever. I do think that a good realtor does add value to their buyer or seller. It doesn’t matter if they are discount or non discount.
Calling their previous clients is probably the best thing a woodbee client can do.
As far as the poster that brought up the high end homes and 150k in commission. Yes that is true and it does stink. Again it is one of those things where it does not scale properly as well. Those agents who do only the high end do make a killing but again it is hard to say how much time they invested in dead ends. In general though I do agree with you.
June 27, 2009 at 9:22 PM in reply to: OT: Cap and Tax. Maybe One of the Largest Tax Increases in a Long While? #421109SD Realtor
ParticipantAhh on your points above 4plex I would 100% agree. No argument there and yes the cap and trade package is just more of the same yes.
June 27, 2009 at 9:22 PM in reply to: OT: Cap and Tax. Maybe One of the Largest Tax Increases in a Long While? #421339SD Realtor
ParticipantAhh on your points above 4plex I would 100% agree. No argument there and yes the cap and trade package is just more of the same yes.
June 27, 2009 at 9:22 PM in reply to: OT: Cap and Tax. Maybe One of the Largest Tax Increases in a Long While? #421611SD Realtor
ParticipantAhh on your points above 4plex I would 100% agree. No argument there and yes the cap and trade package is just more of the same yes.
June 27, 2009 at 9:22 PM in reply to: OT: Cap and Tax. Maybe One of the Largest Tax Increases in a Long While? #421679SD Realtor
ParticipantAhh on your points above 4plex I would 100% agree. No argument there and yes the cap and trade package is just more of the same yes.
June 27, 2009 at 9:22 PM in reply to: OT: Cap and Tax. Maybe One of the Largest Tax Increases in a Long While? #421840SD Realtor
ParticipantAhh on your points above 4plex I would 100% agree. No argument there and yes the cap and trade package is just more of the same yes.
June 27, 2009 at 8:28 AM in reply to: OT: Cap and Tax. Maybe One of the Largest Tax Increases in a Long While? #420965SD Realtor
Participant4Plex, lets try to focus on the present. I never liked Bush either and am a strict libertarian not a republican.
However I dont recall Bush saying his administration would be a model of tranparency do you?
Also adding a 300 page addendum to the this bill at 3 am Friday morning was interesting dont you think?
June 27, 2009 at 8:28 AM in reply to: OT: Cap and Tax. Maybe One of the Largest Tax Increases in a Long While? #421195SD Realtor
Participant4Plex, lets try to focus on the present. I never liked Bush either and am a strict libertarian not a republican.
However I dont recall Bush saying his administration would be a model of tranparency do you?
Also adding a 300 page addendum to the this bill at 3 am Friday morning was interesting dont you think?
June 27, 2009 at 8:28 AM in reply to: OT: Cap and Tax. Maybe One of the Largest Tax Increases in a Long While? #421466SD Realtor
Participant4Plex, lets try to focus on the present. I never liked Bush either and am a strict libertarian not a republican.
However I dont recall Bush saying his administration would be a model of tranparency do you?
Also adding a 300 page addendum to the this bill at 3 am Friday morning was interesting dont you think?
June 27, 2009 at 8:28 AM in reply to: OT: Cap and Tax. Maybe One of the Largest Tax Increases in a Long While? #421533SD Realtor
Participant4Plex, lets try to focus on the present. I never liked Bush either and am a strict libertarian not a republican.
However I dont recall Bush saying his administration would be a model of tranparency do you?
Also adding a 300 page addendum to the this bill at 3 am Friday morning was interesting dont you think?
June 27, 2009 at 8:28 AM in reply to: OT: Cap and Tax. Maybe One of the Largest Tax Increases in a Long While? #421695SD Realtor
Participant4Plex, lets try to focus on the present. I never liked Bush either and am a strict libertarian not a republican.
However I dont recall Bush saying his administration would be a model of tranparency do you?
Also adding a 300 page addendum to the this bill at 3 am Friday morning was interesting dont you think?
June 26, 2009 at 11:03 PM in reply to: OT: Cap and Tax. Maybe One of the Largest Tax Increases in a Long While? #420935SD Realtor
ParticipantI agree with you Matt. I am all for conservation. I am all for trying to create a cleaner environment. I think there are many ways to do it that are a hell of alot better then what will be passed. I sincerely have no faith that expanding a government that is now the most overpowering government we have ever had is the solution. Lets see… social security money? gone…. medicare? gone… Our government literally LOSES billions of dollars every year. That is they literally lose the money.
Anyone here, go ahead and google “government misplacing money”. This is not a Bush or an Obama thing. It is a “our government is TO BIG TO FUNCTION properly thing” and the bigger it gets the larger the mistakes will be.
I also feel that Felix made some very good points as well. I am puzzled how fast and furious the administration is rushing things through.
Does anyone not recall that the “stimulus bill” was so thick that legislators admitted they didn’t read it? That it was not posted on line until the 11th hour?
Doesn’t this make anyone go holy crap?
By they way, please google the following,
“with my plan energy plans will necessarily skyrocket”.
If you are to lazy then you can just click on this link.
http://www.youtube.com/watch?v=HlTxGHn4sH4
Funny how now that cap and trade is actually up for votes, none if this is brought up anymore because if the joe public understood that his president freely admits that this plan will hit joes pocketbook, I am not sure if joe public would continue to bobble head his approval.
Sorry for the rant… I want an improved climate, I believe we are ALL destroying it, not just the USA. I think there are better ways of trying to combat the problem.
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