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Message
re: Is there a way to short Realtors?
Posted on 12/11/23 at 8:50 am to stout
Posted on 12/11/23 at 8:50 am to stout
quote:
I saw a girl I went to HS with has a daughter that just graduated HS who became a Realtor.
Not sure about you but I would never turn to an 18 year old to buy and sell RE.
Depends on the pics I guess.
0
Posted on 12/11/23 at 8:52 am to BabyTac
quote:
Realtors are worthless. Had some lady talk me into all the cosmetic upgrades when the market was on fire. In the time it took to do her recommended, full proof upgrades, the rates rise 3x and I prob lost out on quite a bit of buyers bidding over asking. Then had to pay the bitch 6%.
We sold a house through one 4 years ago because my employer was reimbursing me for real estate costs. The market was ON FIRE with most houses selling within HOURs of listing, if not sooner because realtors, being the scum of the earth that they are, were giving cash buyers a heads up before the house made the MLS. Anyway this old gal used pictures from the house from the previous sell. It had an accent wall in when we bought it and when we listed it. She recommended it be painted to match the rest of the house. I told her we would do it out of our end IF the house was under contract in 7 days. It was, but the buyer had a fit about that accent wall not being the same color as it was in the pictures. The realtor, to her credit, had the guy paint it again LOL.
This same realtor staged this house in a blistering hot market...using her staging company. The broker paid for the staging. This old gal must have been sleeping with him or something. They did not have it painted and staged before they had offers on the damned thing...it would have sold above asking price if it had looked like a crack den at the time.
Posted on 12/11/23 at 8:52 am to stout
My bartender just told me a couple weeks ago she is now a realtor….told her great timing 
Posted on 12/11/23 at 8:57 am to scottydoesntknow
quote:
Like most things, if you hustle and work smart it can be a profitable career. Much better option than wasting 60k and 4 years to get a worthless degeee
I know a man who is married to a trophy bride who is a realtor. She is a good looking woman...very attractive. Sorry, no pics...never thought Id need them. Anyway she was young, mid 20s, and good looking enough that a developed hired her as the onsite agent in a spec house development in the middle of the oil patch....those houses were under contract before the dirt was disturbed. That young woman sold 180+ $350K homes in about 18 months. Thats somewhere in the neighborhood of $1 Million for a 25 year old woman with no skills other than looking good in 18 months. Cuss them, call them worthless, but some of them got some serious game....
Posted on 12/11/23 at 8:57 am to stout
My niece graduated from TCU in 2018. She has not worked since then. She lived a very well taken care of life by her parents. No need to work.
She decided she was bored, and got her real estate license. She is very well connected in the Park City, UT area. Just listed a friend's parent's home, then sold it to another friend's parents. It was her first home. $7.8 million. Her cut of the commission is over $400k.
She decided she was bored, and got her real estate license. She is very well connected in the Park City, UT area. Just listed a friend's parent's home, then sold it to another friend's parents. It was her first home. $7.8 million. Her cut of the commission is over $400k.
Posted on 12/11/23 at 8:59 am to AwgustaDawg
quote:
no skills other than looking good
quote:
Cuss them, call them worthless, but some of them got some serious game....
I don't think this means what you think this means
Posted on 12/11/23 at 9:08 am to stout
quote:
Is there a way to short Realtors?
Stop hiring tall ones
Here’s a famous one:
This post was edited on 12/11/23 at 6:07 pm
Posted on 12/11/23 at 9:11 am to stout
EXPI
you’re late though
you’re late though
Posted on 12/11/23 at 9:16 am to RATeamWannabe
As someone who got his license to avoid paying commissions on flips I agree if you know your way around contracts and understand how to negotiate. I have sold a few houses and represented a few buyers that are friends or who come in on my listings and have learned that many people don't have any idea what to offer for properties or how to negotiate. I don't think its worth 6% of the purchase price and don't charge that but it's a lot more valuable than I thought it was based on the amount of help my customers have needed in the process.
Posted on 12/11/23 at 9:17 am to BabyTac
quote:
Realtors are worthless.
According to the internet, the hot ones will ball you as part of the transaction.
Posted on 12/11/23 at 9:28 am to blueboxer1119
quote:
The best realtors are the cheapest realtors because they all suck. Just get my listings on MLS and forward me emails.
Amen.
Granted, I purchased my home back in '06 but it was such a joke. We were living in Tulsa at the time and my job was transferring me to ATL. Even back in those days, we scoured the web to find the homes we were most interested in checking out. The realtor did nothing more than pick us up from the hotel downtown and drive us around to the spots we picked out. What a colossal waste of money.
Posted on 12/11/23 at 9:58 am to TigersSEC2010
quote:
This. It’s a landing point for idiots with no marketable skills.
In all fairness, it's incredibly easy (and not very time consuming) to grab a license for the purposes of doing your own transactions and saving tons of money. You get access to all kinds of information you wouldn't have as a layperson.
These "Realtors" hold the license even if they only do 1-2 transactions per year. I believe this skews the numbers considerably.
Posted on 12/11/23 at 9:59 am to mattz1122
I’m pretty sure half of the south Louisiana employed economy consists of realtors, insurance sales, car dealerships, and lawn services.
This post was edited on 12/11/23 at 10:00 am
Posted on 12/11/23 at 10:03 am to NIH
Don’t forget the roofers
Posted on 12/11/23 at 10:03 am to TigerGman
quote:
You're pissed cause she couldn't predict what interest rates would do?
Because she like many realtors justify their jobs by conveying “expertise” to people inexperienced with selling homes. Realtors should be clear that cosmetic upgrades don’t actually increase home values. Being realtors, they should know this information and not provide bullshite evidence that spending more money on an existing home will help with a sale unless it’s some kind of maintenance issue an inspection reveals.
I’m sure she had some good companies to recommend to do the jobs she suggested too.
Posted on 12/11/23 at 10:03 am to stout
Start an inflation proof pyramid scheme with an application fee
Posted on 12/11/23 at 10:11 am to BabyTac
The market and technology needs to keep doing away with this leech of a profession.
Posted on 12/11/23 at 10:18 am to BabyTac
quote:
Realtors are worthless. Had some lady talk me into all the cosmetic upgrades when the market was on fire.
Who’s worthless in this scenario?
Posted on 12/11/23 at 10:20 am to AwgustaDawg
quote:
the onsite agent in a spec house development in the middle of the oil patch....those houses were under contract before the dirt was disturbed. That young woman sold 180+ $350K homes in about 18 months. Thats somewhere in the neighborhood of $1 Million
Onsite agents in spec communities do not make 2-3% per sale. They are usually salaried with bonuses. She probably made closer to $250-300K. And it's a temporary gig, obviously.
Posted on 12/11/23 at 10:28 am to StringedInstruments
Spot on.
I think some of the younger ones like sounding like an expert/feeling like an authority on something, so they give random advice without actually researching.
We've had younger realtors mention redoing the kitchen in our old house that's on the market. Nobody is living there, mind you. And this suggestion wasn't made so we can raise the price and try to get more. It was made to get the house to move at its current price, which is not overpriced (market just sucks right now).
I am really curious on what planet they think redoing the kitchen in a vacant house is going to give a return worth doing so. If anything, it would make more sense to lower the price to try to compete price wise against those newer starter homes with larger kitchens. Not to spend an arm and a leg redoing this one.
I think some of the younger ones like sounding like an expert/feeling like an authority on something, so they give random advice without actually researching.
We've had younger realtors mention redoing the kitchen in our old house that's on the market.
Nobody is living there, mind you. And this suggestion wasn't made so we can raise the price and try to get more. It was made to get the house to move at its current price, which is not overpriced (market just sucks right now). I am really curious on what planet they think redoing the kitchen in a vacant house is going to give a return worth doing so. If anything, it would make more sense to lower the price to try to compete price wise against those newer starter homes with larger kitchens. Not to spend an arm and a leg redoing this one.
This post was edited on 12/11/23 at 10:36 am
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