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re: Strategies for buying a house USING the listing agent ....
Posted on 12/8/11 at 1:04 pm to Tiger JJ
Posted on 12/8/11 at 1:04 pm to Tiger JJ
quote:
priced too high (i.e. bad listing agent)
now come on, you know an agent can present a perfectly good CMA to a seller and they will still demand to list at a higher price
sometimes, the property ends up over-listed based on client request (or demand)
Posted on 12/8/11 at 1:15 pm to Shankopotomus
And sometimes there is simply more inventory than buyers no matter how well the property is priced.
Posted on 12/8/11 at 1:36 pm to VABuckeye
excellent points above. JT, lets lay off the cheap shots
This post was edited on 12/8/11 at 1:41 pm
Posted on 12/8/11 at 1:59 pm to Shankopotomus
quote:
now come on, you know an agent can present a perfectly good CMA to a seller and they will still demand to list at a higher price
sometimes, the property ends up over-listed based on client request (or demand)
Right, but ultimately that's on the agent. I call them listing whores. Literally, I see cases where the market is clearing at $X and a new listing will come on at 1.4X.
Posted on 12/8/11 at 2:00 pm to VABuckeye
quote:
And sometimes there is simply more inventory than buyers no matter how well the property is priced.
priced too high
Posted on 12/8/11 at 2:22 pm to Tiger JJ
You're just jaded by that ridiculous real estate market that is the Boston suburbs.

Posted on 12/8/11 at 2:36 pm to VABuckeye
It's simple supply and demand.
Posted on 12/8/11 at 3:52 pm to Tiger JJ
Maybe that 1.4 has a new job, has lost a job, has to free up capital for another venture, a divorice, and the list goes on and on. The more you post the more it is clear you only have a small grasp of knowledge in real estate.
Are you one of these guys that learns x amount of as many things as possible but never masters one endeavor? Not an insult just curious based on your post trends here and other boards
Are you one of these guys that learns x amount of as many things as possible but never masters one endeavor? Not an insult just curious based on your post trends here and other boards
Posted on 12/8/11 at 7:14 pm to ItNeverRains
quote:
Maybe that 1.4 has a new job, has lost a job, has to free up capital for another venture, a divorice, and the list goes on and on. The more you post the more it is clear you only have a small grasp of knowledge in real estate.
lolwut
If the market is clearing at X, no rational player tries to sell same product at a 40% premium to that.
I have literally no idea what your point was. I don't question the fact that the seller wants to sell. We're talking about price, though.
Posted on 12/8/11 at 7:44 pm to Tiger JJ
My point is every transaction in real estate has a unique circumstance, you are trying to loop everything together, that is not how real estate works.
I recently had a cash buyer who wanted a view of the Nashville skyline to write. Owner wanted 650k, it appraised at 575k, my buyer went see it, saw the view, and wrote a check for 650k.
I recently had a cash buyer who wanted a view of the Nashville skyline to write. Owner wanted 650k, it appraised at 575k, my buyer went see it, saw the view, and wrote a check for 650k.
Posted on 12/8/11 at 10:11 pm to ItNeverRains
quote:
My point is every transaction in real estate has a unique circumstance, you are trying to loop everything together, that is not how real estate works.
I recently had a cash buyer who wanted a view of the Nashville skyline to write. Owner wanted 650k, it appraised at 575k, my buyer went see it, saw the view, and wrote a check for 650k.
THIS is your "special sauce" that prompted you to say this?
quote:
The more you post the more it is clear you only have a small grasp of knowledge in real estate. Are you one of these guys that learns x amount of as many things as possible but never masters one endeavor?
I love the way you guys have convinced yourselves that the simplest concepts possible are advanced rocket science that none of the rest of us non-agent dolts can understand.
I'm not trying to "loop everything together". I'm highly knowledgeable about virtually every house in my development and I've witnessed some astonishing listing behavior.
All your silly examples shows is how incompetent the appraisal industry is also. It also potentially identifies you as a lousy selling agent who didn't even try to get a lower price for your client.
Posted on 12/9/11 at 5:13 am to Tiger JJ
You're right. I was unaware you were familiar with every house in your development. Good luck in all your endeavors.
Posted on 12/9/11 at 7:37 am to Tiger JJ
decided against that specific house...ultimately the past foundation problems (risk) was too much to overcome...pisses me off, thought I might actually get a half acre in the middle of a great baton rouge subdivision 
Posted on 12/9/11 at 8:57 am to Zilla
Well give me a call when you are ready to look at another one
j/k (that was for fizz and Jersey)
Posted on 12/9/11 at 9:20 am to Shankopotomus
I haven't said anything negative about realtors. 
Posted on 12/9/11 at 9:47 am to kfizzle85
no no i know that, it was just a half-assed joke about your comment to me yesterday about "disclosing" that I am a realtor or something to that effect
no hard feelings
no hard feelings
Posted on 12/9/11 at 10:01 am to Zilla
quote:
decided against that specific house...ultimately the past foundation problems (risk) was too much to overcome...pisses me off, thought I might actually get a half acre in the middle of a great baton rouge subdivision
rule #1: no emotional attachment. There's always something else.
Posted on 12/9/11 at 12:55 pm to Tiger JJ
quote:
rule #1: no emotional attachment.
yup, exactly why we let it go...
Posted on 12/10/11 at 10:34 am to Tiger JJ
I've never understood why one would pay two commissions to a dual agent.
This is not a 1 + 1 = 2 scenario. There is necessarily an enormous amount of synergy present when you're representing both sides of the transaction with respect to ONE property.
You don't have to take two sets of photos. You take one. Same with uploading to database, etc.
The agent is essentially benefitting from the synergy (lower costs) without passing ANY of those savings onto the parties.
Assuming 3% commission for each side is fair (for example's sake), you should be paying 4-5% max under a dual agency.
This is not a 1 + 1 = 2 scenario. There is necessarily an enormous amount of synergy present when you're representing both sides of the transaction with respect to ONE property.
You don't have to take two sets of photos. You take one. Same with uploading to database, etc.
The agent is essentially benefitting from the synergy (lower costs) without passing ANY of those savings onto the parties.
Assuming 3% commission for each side is fair (for example's sake), you should be paying 4-5% max under a dual agency.
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