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re: Being a real estate agent.......
Posted on 12/27/15 at 2:13 pm to stout
Posted on 12/27/15 at 2:13 pm to stout
quote:
They have no idea if the seller paid closing cost which 100% affects the comps used
If i'm selling, buyer is paying closing costs.
I'm fortunately in a unique position that I don't HAVE to sell my house. If and when I put it on the market, I can take my time and if I don't get what I want, so be it.
1
Posted on 12/27/15 at 2:14 pm to joeleblanc
Don't know what to say other than you just don't get it. Penny wise and pound foolish.
You need to understand the concept of leverage. Of time. If I can leverage a realtor's time to show the kitchen to Courtney, still net the same $'s, and spend the saved time in my core business earning more money, how did I not come out ahead?
You need to understand the concept of leverage. Of time. If I can leverage a realtor's time to show the kitchen to Courtney, still net the same $'s, and spend the saved time in my core business earning more money, how did I not come out ahead?
Posted on 12/27/15 at 2:14 pm to joeleblanc
quote:
If i'm selling, buyer is paying closing costs.
You missed the point
Posted on 12/27/15 at 2:25 pm to TJG210
If open access to the MLS was available (for a fee) to buyers and sellers, I think the residential realtor would become obsolete
Posted on 12/27/15 at 2:28 pm to joeleblanc
quote:
I"M the best salesman for selling my own house
get the point?
You couldn't be more wrong.
Posted on 12/27/15 at 2:28 pm to stout
quote:
If you can sell it yourself, and see value in that, then by all means do so, but many don't is all
For whatever reason people here struggle to grasp that.
Posted on 12/27/15 at 2:29 pm to BigAppleTiger
quote:
You couldn't be more wrong
oh this should be good...tell me why
Posted on 12/27/15 at 2:30 pm to Dennis ODell
quote:
If open access to the MLS was available (for a fee) to buyers and sellers, I think the residential realtor would become obsolete
how exactly does one get access to the MLS?
Posted on 12/27/15 at 2:31 pm to SlowFlowPro
quote:
how exactly does one get access to the MLS?
Become a real estate agent or affiliate and pay your dues.
Posted on 12/27/15 at 2:43 pm to SlowFlowPro
quote:
How exactly does one get access to the MLS
By hiring a real estate agent...
Posted on 12/27/15 at 2:44 pm to EA6B
The number of people in the South with the income to buy $600-$2 million dollar homes is much smaller than the $300k sweet spot my realtor was telling me about. That was the point of my post. If I'm a builder, I'm building homes that are priced to reach the most people. Sure, luxury homes are a bonanza for a good realtor, but your market is limited, much like trying to sell a Maybach or Rolls in the Deep South.
ETA: I want to see this neighborhood of $600k - $2 million spec homes. Got a link?
ETA: I want to see this neighborhood of $600k - $2 million spec homes. Got a link?
This post was edited on 12/27/15 at 2:52 pm
Posted on 12/27/15 at 3:20 pm to PurpleandGold Motown
quote:
So, yeah, not retaining a buyer's agent is kind of silly really. It's fricking free to you most of the time.
I took his comment to mean forgoing having his own agent to sell and instead using the buyer's agent as a dual agent, which is a short-sighted way to save a few dollars.
Posted on 12/27/15 at 3:20 pm to dsides
You do not know how someone is compensated, how much he is compensated, or the amount it would cost him to use a REA yet you speak in absolutes that he is a dummy for not using a REA.
You are making the case of why people hate working with REAs. The self importance in the profession is ridiculous / amazing.
It is a profession that maintains its importance through regulation, proprietary use of MLS, and collusion with other REA (mentioned multiple time that agents won't show FSBO or fixed fee listings... Even if those are in the benefit of their clients).
Any disruption in the industry is welcomed with wide open arms due to the nonsense you guys build to protect the profession.
You are making the case of why people hate working with REAs. The self importance in the profession is ridiculous / amazing.
It is a profession that maintains its importance through regulation, proprietary use of MLS, and collusion with other REA (mentioned multiple time that agents won't show FSBO or fixed fee listings... Even if those are in the benefit of their clients).
Any disruption in the industry is welcomed with wide open arms due to the nonsense you guys build to protect the profession.
This post was edited on 12/27/15 at 3:24 pm
Posted on 12/27/15 at 3:24 pm to dsides
quote:Do you not realize that not everyone owns a business or wants to run a business? I would much rather do the extra work involved to sell my own home than give someone else that amount of money. I do realize the benefit of realtors and I think it just depends on everyone's individual situation.
dsides
Posted on 12/27/15 at 3:24 pm to lynxcat
quote:
Any disruption in the industry is welcomed with wide open arms due to the nonsense you guys build to protect the profession.
the real estate agent/boker regulations really prevent this, too
you basically have to get a broker to "sell out" and potentially face blacklisting to really get competition off the ground
Posted on 12/27/15 at 3:28 pm to SlowFlowPro
Does anything stop someone from creating another redfin or zillow?
How can a more accurate system become available?
Feels like a "new MLS" could be free and be an ad based revenue model. Listings can have the same level of detail but open to the public. What barriers exist here? Feels like creating critical mass is the biggest challenge?
How can a more accurate system become available?
Feels like a "new MLS" could be free and be an ad based revenue model. Listings can have the same level of detail but open to the public. What barriers exist here? Feels like creating critical mass is the biggest challenge?
This post was edited on 12/27/15 at 3:30 pm
Posted on 12/27/15 at 3:30 pm to lynxcat
i'm working on it
Posted on 12/27/15 at 3:33 pm to lynxcat
quote:
Does anything stop someone from creating another redfin or zillow?
How can a more accurate system become available?
Feels like a "new MLS" could be free and be an ad based revenue model. Listings can have the same level of detail but open to the public.
Well, you can certainly build it. There are plenty out there, but the problem is getting your hands on the listing information. Realtors decided to stop syndicating with Zillow and Trulia and those/that company is in severe trouble right now. They have to negotiate with each MLS to get their listings, and even then, agents and brokerages can opt out. It's a nightmare. Agents were lazy, Zillow came about because of that. Then, Zillow got greedy and told their clients -- who were also their data aggregators and collectors -- that they were unnecessary. I guess we'll wait and see who was right.
Posted on 12/27/15 at 3:45 pm to TJG210
Good god this thread is fricking rediculous.
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