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June 28, 2009 at 7:53 PM in reply to: Has anyone actually used Redfin to purchase a home? Interested to hear what your experience was #421407June 28, 2009 at 7:53 PM in reply to: Has anyone actually used Redfin to purchase a home? Interested to hear what your experience was #421638
waterboy
ParticipantJust wish the major brokerage houses would make breakpoints mainstream because all these small shops such as redfin will still take a long time to have a major impact on industry if they ever do.
-5% total comp < $500k -4.5% $500k-$999k -4% $1M-1.499M -3.5% $1.5M-1.999M -3% $2M+ As much as I want to say I'm an expert and researched things better than most, I can never have the relationship that my realtor has with other realtors in the area. I believe that is where the most value comes in and why I am able to get the properties I want at the right price. Since I always price my properties to sell quickly I don't see as much value when they represent me as a seller which is why I would like the breakpoint then
June 28, 2009 at 7:53 PM in reply to: Has anyone actually used Redfin to purchase a home? Interested to hear what your experience was #421911waterboy
ParticipantJust wish the major brokerage houses would make breakpoints mainstream because all these small shops such as redfin will still take a long time to have a major impact on industry if they ever do.
-5% total comp < $500k -4.5% $500k-$999k -4% $1M-1.499M -3.5% $1.5M-1.999M -3% $2M+ As much as I want to say I'm an expert and researched things better than most, I can never have the relationship that my realtor has with other realtors in the area. I believe that is where the most value comes in and why I am able to get the properties I want at the right price. Since I always price my properties to sell quickly I don't see as much value when they represent me as a seller which is why I would like the breakpoint then
June 28, 2009 at 7:53 PM in reply to: Has anyone actually used Redfin to purchase a home? Interested to hear what your experience was #421979waterboy
ParticipantJust wish the major brokerage houses would make breakpoints mainstream because all these small shops such as redfin will still take a long time to have a major impact on industry if they ever do.
-5% total comp < $500k -4.5% $500k-$999k -4% $1M-1.499M -3.5% $1.5M-1.999M -3% $2M+ As much as I want to say I'm an expert and researched things better than most, I can never have the relationship that my realtor has with other realtors in the area. I believe that is where the most value comes in and why I am able to get the properties I want at the right price. Since I always price my properties to sell quickly I don't see as much value when they represent me as a seller which is why I would like the breakpoint then
June 28, 2009 at 7:53 PM in reply to: Has anyone actually used Redfin to purchase a home? Interested to hear what your experience was #422140waterboy
ParticipantJust wish the major brokerage houses would make breakpoints mainstream because all these small shops such as redfin will still take a long time to have a major impact on industry if they ever do.
-5% total comp < $500k -4.5% $500k-$999k -4% $1M-1.499M -3.5% $1.5M-1.999M -3% $2M+ As much as I want to say I'm an expert and researched things better than most, I can never have the relationship that my realtor has with other realtors in the area. I believe that is where the most value comes in and why I am able to get the properties I want at the right price. Since I always price my properties to sell quickly I don't see as much value when they represent me as a seller which is why I would like the breakpoint then
June 28, 2009 at 10:47 AM in reply to: Has anyone actually used Redfin to purchase a home? Interested to hear what your experience was #421259waterboy
ParticipantI think that a breakpoint system in the San Diego market could please both sides.
With a buyers agent scenario does the agent work harder to help the buyer purchase a $1M home than a $500k home? On the $500k transaction an agent could give up .25% and on the $1M transaction give 1% back to buyer. At your std 2.5% that would be $11,250 gross on $500k and $15k gross on $1M for the agent. Maybe not the perfect example but I’m sure someone could come up with a breakpoint table that is proportional. I know many variables come into play for the buyers agent but I think it is a little harder to help someone purchase the $500k home because of competition in that $ range.
Now for the sellers agent we could take La Jolla as an example with 2 places that realtors would agree are in great shape and priced to sell. One is a 2br/2ba condo for $600k and a 3/2 SFR for $1.2M. Whats wrong with giving a 1% discount to the seller on the SFR priced at $1.2M. If it sold for that then your looking at $18k gross where the condo would be 13.5k gross with the .25% discount. Once again, I think a listing agent might actually work longer to get the condo sold.
Whats a good argument against a breakpoint system?
June 28, 2009 at 10:47 AM in reply to: Has anyone actually used Redfin to purchase a home? Interested to hear what your experience was #421489waterboy
ParticipantI think that a breakpoint system in the San Diego market could please both sides.
With a buyers agent scenario does the agent work harder to help the buyer purchase a $1M home than a $500k home? On the $500k transaction an agent could give up .25% and on the $1M transaction give 1% back to buyer. At your std 2.5% that would be $11,250 gross on $500k and $15k gross on $1M for the agent. Maybe not the perfect example but I’m sure someone could come up with a breakpoint table that is proportional. I know many variables come into play for the buyers agent but I think it is a little harder to help someone purchase the $500k home because of competition in that $ range.
Now for the sellers agent we could take La Jolla as an example with 2 places that realtors would agree are in great shape and priced to sell. One is a 2br/2ba condo for $600k and a 3/2 SFR for $1.2M. Whats wrong with giving a 1% discount to the seller on the SFR priced at $1.2M. If it sold for that then your looking at $18k gross where the condo would be 13.5k gross with the .25% discount. Once again, I think a listing agent might actually work longer to get the condo sold.
Whats a good argument against a breakpoint system?
June 28, 2009 at 10:47 AM in reply to: Has anyone actually used Redfin to purchase a home? Interested to hear what your experience was #421761waterboy
ParticipantI think that a breakpoint system in the San Diego market could please both sides.
With a buyers agent scenario does the agent work harder to help the buyer purchase a $1M home than a $500k home? On the $500k transaction an agent could give up .25% and on the $1M transaction give 1% back to buyer. At your std 2.5% that would be $11,250 gross on $500k and $15k gross on $1M for the agent. Maybe not the perfect example but I’m sure someone could come up with a breakpoint table that is proportional. I know many variables come into play for the buyers agent but I think it is a little harder to help someone purchase the $500k home because of competition in that $ range.
Now for the sellers agent we could take La Jolla as an example with 2 places that realtors would agree are in great shape and priced to sell. One is a 2br/2ba condo for $600k and a 3/2 SFR for $1.2M. Whats wrong with giving a 1% discount to the seller on the SFR priced at $1.2M. If it sold for that then your looking at $18k gross where the condo would be 13.5k gross with the .25% discount. Once again, I think a listing agent might actually work longer to get the condo sold.
Whats a good argument against a breakpoint system?
June 28, 2009 at 10:47 AM in reply to: Has anyone actually used Redfin to purchase a home? Interested to hear what your experience was #421829waterboy
ParticipantI think that a breakpoint system in the San Diego market could please both sides.
With a buyers agent scenario does the agent work harder to help the buyer purchase a $1M home than a $500k home? On the $500k transaction an agent could give up .25% and on the $1M transaction give 1% back to buyer. At your std 2.5% that would be $11,250 gross on $500k and $15k gross on $1M for the agent. Maybe not the perfect example but I’m sure someone could come up with a breakpoint table that is proportional. I know many variables come into play for the buyers agent but I think it is a little harder to help someone purchase the $500k home because of competition in that $ range.
Now for the sellers agent we could take La Jolla as an example with 2 places that realtors would agree are in great shape and priced to sell. One is a 2br/2ba condo for $600k and a 3/2 SFR for $1.2M. Whats wrong with giving a 1% discount to the seller on the SFR priced at $1.2M. If it sold for that then your looking at $18k gross where the condo would be 13.5k gross with the .25% discount. Once again, I think a listing agent might actually work longer to get the condo sold.
Whats a good argument against a breakpoint system?
June 28, 2009 at 10:47 AM in reply to: Has anyone actually used Redfin to purchase a home? Interested to hear what your experience was #421990waterboy
ParticipantI think that a breakpoint system in the San Diego market could please both sides.
With a buyers agent scenario does the agent work harder to help the buyer purchase a $1M home than a $500k home? On the $500k transaction an agent could give up .25% and on the $1M transaction give 1% back to buyer. At your std 2.5% that would be $11,250 gross on $500k and $15k gross on $1M for the agent. Maybe not the perfect example but I’m sure someone could come up with a breakpoint table that is proportional. I know many variables come into play for the buyers agent but I think it is a little harder to help someone purchase the $500k home because of competition in that $ range.
Now for the sellers agent we could take La Jolla as an example with 2 places that realtors would agree are in great shape and priced to sell. One is a 2br/2ba condo for $600k and a 3/2 SFR for $1.2M. Whats wrong with giving a 1% discount to the seller on the SFR priced at $1.2M. If it sold for that then your looking at $18k gross where the condo would be 13.5k gross with the .25% discount. Once again, I think a listing agent might actually work longer to get the condo sold.
Whats a good argument against a breakpoint system?
June 11, 2009 at 1:27 PM in reply to: Who has the best 10/1 or 30-year fixed I/O programs? (pls don’t laugh) #413915waterboy
ParticipantKeep an eye on San Diego County Credit Union’s 7/1 amortized over 40yrs. It was 4.875 on Jumbo for quite a while but just went up to 5.25 on Wed. I’ve used them in past and they are easy to work with.
June 11, 2009 at 1:27 PM in reply to: Who has the best 10/1 or 30-year fixed I/O programs? (pls don’t laugh) #414154waterboy
ParticipantKeep an eye on San Diego County Credit Union’s 7/1 amortized over 40yrs. It was 4.875 on Jumbo for quite a while but just went up to 5.25 on Wed. I’ve used them in past and they are easy to work with.
June 11, 2009 at 1:27 PM in reply to: Who has the best 10/1 or 30-year fixed I/O programs? (pls don’t laugh) #414406waterboy
ParticipantKeep an eye on San Diego County Credit Union’s 7/1 amortized over 40yrs. It was 4.875 on Jumbo for quite a while but just went up to 5.25 on Wed. I’ve used them in past and they are easy to work with.
June 11, 2009 at 1:27 PM in reply to: Who has the best 10/1 or 30-year fixed I/O programs? (pls don’t laugh) #414474waterboy
ParticipantKeep an eye on San Diego County Credit Union’s 7/1 amortized over 40yrs. It was 4.875 on Jumbo for quite a while but just went up to 5.25 on Wed. I’ve used them in past and they are easy to work with.
June 11, 2009 at 1:27 PM in reply to: Who has the best 10/1 or 30-year fixed I/O programs? (pls don’t laugh) #414630waterboy
ParticipantKeep an eye on San Diego County Credit Union’s 7/1 amortized over 40yrs. It was 4.875 on Jumbo for quite a while but just went up to 5.25 on Wed. I’ve used them in past and they are easy to work with.
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