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re: The home selling realtor setup is unfair to sellers and buyers
Posted on 4/16/23 at 8:22 pm to Gee Grenouille
Posted on 4/16/23 at 8:22 pm to Gee Grenouille
Had a realtor looking for a specific place in downtown Auburn for my kids. One night I was on Zillow and found a place at the location we were interested in that was listed by the owner. Sent email and agreed to his asking price. Told my realtor I had found a place and he wanted the guys name so he could broker the deal. Pointed out to him that this place had been listed for 3 days and he had not checked on it. Found out later that the realtor had contacted the guy I bought the place from and offered him more money if he would sell to him. Luckily the owner said he would honor our original deal. Even he knew the realtor was shady as F.
0
Posted on 4/16/23 at 8:23 pm to Gulf Coast Tiger
quote:
The problem is that buyers agent can ask to see the offer and are legally entitled to see it.
Dead wrong here. Only way they can ask for this is if they had an escalation clause in the submitted offer and lost on the home. They can then request a copy of the ratified contract.
I am not a realtor but I have a license.
Posted on 4/16/23 at 8:28 pm to lsumailman61
The real winning move is to pay your own MLS fee and then 3% to the selling agent
Posted on 4/16/23 at 8:32 pm to TutHillTiger
or let them you know you have a friend or relative that’s a real estate agent, it’s a weird law, if it’s still on the books, that they have to give a cut (discount,) to that agent
Posted on 4/16/23 at 8:38 pm to Gee Grenouille
I'm in the process right now.
Home buying as a whole is a fricking terrible process. It's basically a second job with borderline zero to show for it. We keep losing out on houses because people are going 30k plus over asking. It's tough to continue with a measured, sane approach when you know you probably won't get the house going 20k over asking. I hate it, and I just want to get a house and continue with my life. Where the frick did we go wrong as a society that housing is such a goddamn disaster. Two educated adults, making good money, and it just feels like we won't ever get one. We are entering month three of this goddamn shite show and I just hate everyone involved with the process at this point. Walk through the house, look for cracks, see if I can live there for 10 years, all while knowing that after doing the research, figuring out the comps, putting a higher fair offer, I'm just going to lose because someone has no issue overpaying, and knowing I'm going to have to call out another half day at work and waste part of my weekend just to do it again.
American dream my fricking a-hole. I won't be as bitter tomorrow, but I just found out we lost another one less than an hour ago. I get a night to hate everything before I man the frick up tomorrow and eventually win one.
Home buying as a whole is a fricking terrible process. It's basically a second job with borderline zero to show for it. We keep losing out on houses because people are going 30k plus over asking. It's tough to continue with a measured, sane approach when you know you probably won't get the house going 20k over asking. I hate it, and I just want to get a house and continue with my life. Where the frick did we go wrong as a society that housing is such a goddamn disaster. Two educated adults, making good money, and it just feels like we won't ever get one. We are entering month three of this goddamn shite show and I just hate everyone involved with the process at this point. Walk through the house, look for cracks, see if I can live there for 10 years, all while knowing that after doing the research, figuring out the comps, putting a higher fair offer, I'm just going to lose because someone has no issue overpaying, and knowing I'm going to have to call out another half day at work and waste part of my weekend just to do it again.
American dream my fricking a-hole. I won't be as bitter tomorrow, but I just found out we lost another one less than an hour ago. I get a night to hate everything before I man the frick up tomorrow and eventually win one.
This post was edited on 4/16/23 at 8:46 pm
Posted on 4/16/23 at 8:41 pm to Jcorye1
Must be where you're buying. I live in a rural subdivision. Glad I didn't have much to fight over.
Our next house will be a custom build. I'll never do the process again.
Our next house will be a custom build. I'll never do the process again.
This post was edited on 4/16/23 at 8:49 pm
Posted on 4/16/23 at 8:48 pm to Taurus
quote:
Sell by owner. Save the 3-6% fees or whatever the rate is these days from realtors.
You will always make more money selling your home without a realtor.
Posted on 4/16/23 at 8:58 pm to DiamondDog
quote:
Our next house will be a custom build. I'll never do the process again.
Oh man lmao
Posted on 4/16/23 at 9:06 pm to Jcorye1
quote:
just found out we lost another one less than an hour ago.
Give up. Let everyone know you’re done. Then, miraculously, the right one will fall in your lap.
Posted on 4/16/23 at 9:10 pm to BRgetthenet
Have a traffic tip?
Posted on 4/16/23 at 9:18 pm to tadman
hey wan to churn
Maybe kick back and let the realtor do their job...
Maybe kick back and let the realtor do their job...
Posted on 4/16/23 at 9:21 pm to BeerMoney
Until you get sued..
Posted on 4/16/23 at 9:43 pm to Gee Grenouille
It is 100% a racket and it pisses me off 2. Only way to fix it is get your license your self. It’s bs
Posted on 4/16/23 at 10:34 pm to Jcorye1
quote:
I just found out we lost another one less than an hour ago. I get a night to hate everything before I man the frick up tomorrow and eventually win one
2016-2017 was full of the same shite for us. Lots of Chinese buying up Hawaii property and every time we bid we would lose by either a big overpay or someone offering cash. About 1.5 years in we got the house and it ended up being the most perfect situation. I had to force the young, dumb, hot realtor to get an appt set up because she was getting lazy after so many properties.
Anyway, keep at it and you’ll get something.
This post was edited on 4/16/23 at 10:36 pm
Posted on 4/16/23 at 10:43 pm to Double Oh
quote:
do what the realtors do: lie to them and say you have several offers including 1 above asking price and another that the person is going to resubmit their offer tomorrow.
I put in an offer on a place. I think it was around 425ish. They counter offered about 10k higher. The house wasn’t worth the extra 10k, to me at least.
They said “are you going to let this deal fall through over 10k?” I said “ no but it seems like you are”. They pulled the “we are expecting an offer on this house later today” tactic. It pissed me off so badly that they would try something so stupid on me I told them “you better hope they buy this house because I’m not buying it now”.
I let the offer expire and walked. That house sat on the market for another 6 months or so.
I hate strong arm sales tactics and I will immediately walk if someone does it.
Posted on 4/16/23 at 11:23 pm to Dawgfanman
quote:
This is the same reason Realtors might push you to take an offer for tens of thousands lower than asking, it’s only a few hundred dollars difference to them..
Again, this is why you should do a careful job interviewing a perspective realtor. I’ve never forced a client to take a deal they didn’t want. My clients happiness at the end of the day is priority 1. Hell, I’ve told clients to walk away from deals if I didn’t feel like they were totally in.
Posted on 4/16/23 at 11:26 pm to Gulf Coast Tiger
quote:
I do everything I can to make sure my clients don't ever feel like I have misled them or lied to them.
100%
Posted on 4/17/23 at 1:30 am to Gee Grenouille
Paid a flat fee agent $900 for everything and it was the best experience I’ve ever had selling a property. That included listings and fees
Posted on 4/17/23 at 1:57 am to Gee Grenouille
I always find these threads funny. I’m a realtor, and most of you have no clue how the process works and can’t be bothered to learn.
First things first. Probably half of the people trying to sell real estate are doing it part time because they think it’s an easy way to make money. It’s not. Which why almost every one of those agents do it badly.
Half of the rest suck. They are lazy and dishonest. I can name off a dozen in my MLS I’d rather take a beating than work with.
The top 10% of the agents sell about 90% of the real estate. They work hard and long hours. I show 500 plus properties a year, and much of my work happens between 6pm and 11pm after the showings are done which is why I stay in that top 10% year in and year out. So check the rankings and see who sells, odds of getting a professional increase a lot if you do that. Check their reviews too, ask to speak to previous clients. Interview your prospective realtor rather than pick one out of a hat and pray.
You can list in your MLS with list with freedom (Ralph Harvey) but you definitely want to pay buyer agency and let them handle the paperwork. It also cuts down on the riff raff entering your home.
First things first. Probably half of the people trying to sell real estate are doing it part time because they think it’s an easy way to make money. It’s not. Which why almost every one of those agents do it badly.
Half of the rest suck. They are lazy and dishonest. I can name off a dozen in my MLS I’d rather take a beating than work with.
The top 10% of the agents sell about 90% of the real estate. They work hard and long hours. I show 500 plus properties a year, and much of my work happens between 6pm and 11pm after the showings are done which is why I stay in that top 10% year in and year out. So check the rankings and see who sells, odds of getting a professional increase a lot if you do that. Check their reviews too, ask to speak to previous clients. Interview your prospective realtor rather than pick one out of a hat and pray.
You can list in your MLS with list with freedom (Ralph Harvey) but you definitely want to pay buyer agency and let them handle the paperwork. It also cuts down on the riff raff entering your home.
Posted on 4/17/23 at 3:13 am to TJG210
quote:
You get what you pay for……
I disagree. I used full commission realtors before but then found a broker that will list for 1%. They did way more than the full commission agents. The other agents balked about reducing the sell side at 3%. My broker uses a Professional for pictures as well. You just have to look around. You can also negotiate to have buyers commission reduced. I have seen a lot of investors only offer 2 - 2.5% on the buy side.
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