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Message
re: Listed house on Thursday and have a "lowball" offer
Posted on 12/8/14 at 1:26 pm to I B Freeman
Posted on 12/8/14 at 1:26 pm to I B Freeman
quote:
I guarantee you they will ask you to cut your price. If the commission is 6% ask them to lower it to 3% and you will sign the deal.
Good lord. Some things shouldn't be posted. Unless the agent is question is the buying AND listing agent this is a retarded post.
There are generally agents on both sides of the transaction and if so they aren't dropping their commission to 1.5% EACH particularly when they have a broker above them that is going to take his cut on the deal.
0
Posted on 12/8/14 at 3:06 pm to Golfer
quote:
Asking is within $2psf of the comps that have sold in the last 12 months and $9psf less than the comp that's for sale a block over.
Sounds like your trying to move the market upward while still being able to appraise. That's my strategy for almost every house I sell. Somebody's got to move comps upward, might as well be you!
Posted on 12/8/14 at 3:56 pm to ItNeverRains
quote:
Sounds like your trying to move the market upward while still being able to appraise.
Spot on.
Posted on 12/8/14 at 4:01 pm to Golfer
"Asking is within $2psf of the comps that have sold in the last 12 months and $9psf less than the comp that's for sale a block over. "
Semantics...but only sold properties can be used as comps.
Semantics...but only sold properties can be used as comps.
Posted on 12/8/14 at 4:11 pm to ItzMe1972
quote:
Semantics...but only sold properties can be used as comps.
I think he realizes that. He was referring to COMParable LISTINGS and not comparable solds.
Posted on 12/8/14 at 6:58 pm to BigAppleTiger
quote:
I think his confidence in his knowledge of La. Budget and tax breaks has led him to be confident in areas he really knows very little about.
I don't know. Probably bought and sold 20 properties over the years.
I always include the agent in opportunities.
If I had a property that I had an offer only $8000 less than I was asking and I was only willing to cut my price $1000 I would instruct the agent they were authorized to negotiate any amount of their commission they wished to make up any difference the seller insisted on to write the deal.
No need to walk contracts back and forth on counters.
Meanwhile as the major oil companies announce layoffs Baton Rouge property is not high on my list of good investments.
Posted on 12/8/14 at 7:36 pm to southernelite
quote:
Freakonomics has a pretty good piece on why agents try to sell on the first offer. They don't want put in possibly 3-4 months extra work for what amount to a few hundred dollars.
Of course they don't. These guys seems to know what the agent wants without asking him. They think asking for an agent contribution is something bad.
There is nothing bad in trying to get a deal. If the agent doesn't help and the buyer won't budge and golfer doesn't budge then go to the next deal. Any agent in business for any length of time has negotiated his commission to get a deal. It's an everyday occurrence.
No need for Golfer to give up more than he wants too it seems. Give the realtor an opportunity to do the deal out of their money.
It would be foolish not too.
This post was edited on 12/8/14 at 8:14 pm
Posted on 12/8/14 at 8:07 pm to I B Freeman
quote:
quote: Freakonomics has a pretty good piece on why agents try to sell on the first offer. They don't want put in possibly 3-4 months extra work for what amount to a few hundred dollars. Of course they don't. These guys seems to know what the agent wants without asking him. They think asking for an agent contribution is something bad. There is nothing bad in trying to get a deal. If the agent doesn't help and the seller won't budge and golfer doesn't budge then go to the next deal. Any agent in business for any length of time has negotiated his commission to get a deal. It's an everyday occurrence. No need for Golfer to give up more than he wants too it seems. Give the realtor an opportunity to do the deal out of their money.
Reserved to completely crush two foolish short sighted blanket statement posts at my earliest convenience
Posted on 12/8/14 at 8:13 pm to ItNeverRains
I should have said "the buyer won't budge" instead of the seller won't budge.
Posted on 12/9/14 at 12:48 am to I B Freeman
quote:
Meanwhile as the major oil companies announce layoffs Baton Rouge property is not high on my list of good investments.
I missed this earlier...lawz
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