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FIND YOUR DREAM HOME OR APARTMENT
must-see on msn
Another tired old rerun article by MSN.
Laziest writers of all time at MSN,
Enough! These never were secrets and they sure aren't now. Some, or even most. realtors may be ethical but they live on a commission. I have purchased two homes in 40 years, That doesn't make me much of an expert. Still, passing off the obvious as secrets is well past annoying.
How about doing some work and offering real insight to infrequent buyers like myself?
I am a newbie agent, and what I see is totally against the ethics we are governed by to maintain a license.
I find 99% of the agents un-ethical and the other .05% I do not trust. That is why I went and got my license. I practice only on a referral program. As much as you want to degrade agents the other .05% work very hard for their money.
I have worked with the fussiest buyers, sellers etc. Most agents look to the now, "what can I get now". I try to work with customers hoping they will refer me to 10 friends and they will refer me etc.
But when I am dealing with a customer who has no vested interest or ethical interest in me why should I work for them and I cut the strings. Most people want what is not out there and if they see one they want they can't afford it. Investors are the best, they do not even want to see the house, they just offer 10% above asking price and pay cash.
(Can you hear the tear drops hitting the floor, because Americans have lost this battle as well)
I have people all day long calling me to find them a deal. If they are not loyal to me why the hell should I give them a deal. I will buy the property and re-list it at a great margin.
NO DIFFERENT THEAN YOUR STOCK BROKER
When you want to bash an industry, be careful carma seems to appear.
Now who wants to BUY/Sell.......
In a seller's market in 2004, my agent wanted to take the first offer before the first open house. I said no, the open house came and their was a competition that ended ups $20k over the first offer of $365k. My decision added to the agents checks. I only used one because I was being reimbursed for all costs by my company. You don't need an agent. Learn what you need to do at any of the 100 websites and you can do it yourself, generally close earlier, learn more about the house and either lower the selling cost or get the commission back yourself after the sell.
For a $300-400K purchase, it's nowhere worth the 5-6% ($15-24k)!!!
The article is dated. Jonathan stretches to meet his 10 points. I thought there were 3 valid ideas here. Let the seller beware. In a seller's market. the sellers stand to lose up to 19% of the potential gross by selling it selves. They lose the legal protection of agency representation. They are emotionally attached to negotiations. They have to deal with every looky-loo and expose their home to some very questionable characters. They don't market and advertise. They think they won a great price when they sell it and are dismayed when they see a professional flipper resell it 25% more...using a professional agent.
I thought the reference to agents selling themselves was humorous. Of course that's part of it. Real Estate is a SALES career. And if you enlist the help of a professional, you save the headache, the uncertainty and the challenges of selling your home at the right price, the right time frame and to the right buyer.
If buyers were calling but no one was coming in, we’d fix that. If they were coming in but not making an offer, we would fix that. If the seller was too shy to ask for the sale, we fixed that, too. The result was 1 out of 5 buyers would make an offer, often it was simply because they were asked to, buying a home can be just as nerve wracking for buyers.
Anyone wanting to buy or sell property needs to know a few things.
(1) A little education goes a long way. It is easier to learn a little about the subject and avoid many of the things discussed in this thread, than to remain uneducated and have someone else make your decisions for you... or should I say, for them?
(2) You are the one who will live with your decisions...not your Realtor.
You need to ''watchyourrear'' so to speak ! (please refer to #1)
(3) Realtors ARE what you make of them, but selecting one is almost always crucial to the outcome of the transaction. ( again, refer to #1)
(4) Remember, all Realtors are TOOLS... but they are all different kinds of tools. Use them at your own risk. (again, refer to #1)
(4) Know what kind of TOOL to select for the job and how to use it ! (repetition is the key to many things...refer to #1)
After dealing with real estate for many years I can truthfully say that each of those statements are true, In fact, I can prove they are.
#1 is much easier than than most realize. You have nothing to lose. Do yourself the biggest favor you can. Any questions?