re: Strategies for buying a house USING the listing agent ....

quote:

---

the listing agent

---

Cunts, all of them.

quote:

---

I hope this attorney knows how to "structure" the offer to accomplish this ... There are some other parts of the transaction that they will like though, so hopefully that will counter her disspointment that she won't be getting the 6%

---

Just think about the idiocy you are having to manage for - if you brought another agent in, they would happily take their 3% and go home...and the client would get X. But if you basically offer self-agency, they somehow magically expect to be rewarded an additional 3%...for DOING NOTHING EXTRA AT ALL and the client still gets X. At the very fricking least, you'd think they would propose you paying the fee, but having it flow through to, you know, THEIR frickING CLIENT.

It's an entire class of doucheleeches.

quote:

---

Zilla

---

Do you have Redfin in your area? They basically represent you for 1.5%. I think you pay the 3% and then they rebate half back to you.

What do you do for a living since I'm a count? Must be demanding with your post count, especially lately. Fwiw the party who enters into a contract usually gives a frick and honors it accordingly.

Zilla, if you come to my listing and you want to buy without any services with transaction whatsoever, it's a 3% commission to me, the listing agent, and the price will reflect that. I'll even try to get you prequalified if not already.

And as mentioned in a previous post if you came as buyer w/o rep I'd get another agent in office to rep you for 1%, which is a half a % better than JerseyGenius and much smarter legally IMO

quote:

---

What do you do for a living since I'm a count? Must be demanding with your post count, especially lately.

---

I'm a listing agent myself - I buy and sell people like you all day. j/k I know it's not everyone, but the behavior in general drives me crazy.

quote:

---

Fwiw the party who enters into a contract usually gives a frick and honors it accordingly.

---

I've never in my life seen an entire class of "professionals" who so believed they were above negotiation. I mean, I've watched agents bite their own noses off to spite their face - literally turning business down in the worst market ever because it wasn't 3%. It's insanity.

quote:

---

Zilla, if you come to my listing and you want to buy without any services with transaction whatsoever, it's a 3% commission to me, the listing agent, and the price will reflect that. I'll even try to get you prequalified if not already.

---

What do you mean...an ADDITIONAL 3% to you?

quote:

---

And as mentioned in a previous post if you came as buyer w/o rep I'd get another agent in office to rep you for 1%, which is a half a % better than JerseyGenius and much smarter legally IMO

---

Now you're finally talking, although my suggestion was 2.5% discount, so technically you are still 50bps worse than me.

quote:

---

"If you are making an aggressive offer she might guide (push) the seller into accepting a low ball offer as she gets the full commission to herself."

not a bad way of thinking about it either, but of course that assumes the seller is an idiot

---

Without question, the listing agent is not very well-aligned with the seller.

quote:

---

yup, aligned with whatever makes them the most bling

---

And the sham is that there is an illusion of alignment - i.e. the higher the price I get for the seller, the more I make.

quote:

---

but again the money and time I spend on a listing, especially in this market, warrant my commission more than ever

---

That's the mindset I don't understand. When demand goes down, price goes down. Why would it go up?

And I'm not arguing against your listing fee (although it IS too high). I'm arguing against the decision to turn one's nose up at a transaction because you won't be getting OTHER fees which you would not be getting if the person came without a selling agent.

quote:

---

I was addressing your redfin % which you stated is 1.5 If so is that a 1.5% commish both sides? If so wow. Can't see how they make a profit

---

It used to be 2% rebated, so I imagine they're having a hard time.

Because I work a listing 3x as long to go from listing to close. That's three times the ad expenses, open houses, caravans, etc... It takes more time to sell, and time is money in every business.

I am not allowed to set a flat fee per my brokerage, nor am I allowed to do a net listing for any client either.

JWS3, You don't have to pay a realtor to sell your house. We live in a fairly free market republic. I show my clients what i will do with the percentage of the sale for my services, and provide no less than that, in most instances I provide much more. FWIW, if the conditions of both properties are equal, I'll take a 300k house over a 400k house just about every time.

No. What I'm saying is my typical 3% commission I make as a listing agent is more warranted in today's market since typically the house sits longer on the market based on the feart in the economy, therefore I work much harder and longer listing to closing.

If buyer doesn't want rep, I get 3%, no more, no less. If he wants rep, I get another agent to come on board and pay that agent 1-2%, based on what that buyer wants from agent. I agree to take the other 2-3% off sales buyer, although the client may not (yes I have had clients say they would pay to broker, but since buyer doesn't have one, why should I lower my price!)

As far as the % vs price, all I was saying is I understand the same work may go into both houses, why the extra 4k for the 400k. My answer was in my experience I can sell 2 300k properties faster than 1 400k property, so many times that listing requires 2-3 times the work.

Again, i do all this in a fairly free market republic