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Posted on 12/27/15 at 10:56 am to threeputt
quote:
I don't buy that .. Most adults should be able to afford a million dollar home by the time they are say 40 .. I don't think there is a lack of potential buyers in most cities ...
Completely reasonable on the average household income of $45K or whatever it is now.
Posted on 12/27/15 at 11:05 am to Jim Rockford
Damn it. I w as going to avoid this thread today too
Posted on 12/27/15 at 11:08 am to stout
You can put a 1 in front of that 45k average household income and still couldn't afford a million dollar home.
What's the minimum household income for a bank/lender to approve you for a million dollar home? Seems like it would be at least 200,000 grand per year income.
What's the minimum household income for a bank/lender to approve you for a million dollar home? Seems like it would be at least 200,000 grand per year income.
Posted on 12/27/15 at 11:08 am to threeputt
quote:
Why would a million dollar home be more involved to sell
Can you really not figure this out? If not, I don't mind using a little common sense and logic to help ya out with an answer.
It's the Christmas season, I don't mind helping a dummy.
Posted on 12/27/15 at 11:10 am to threeputt
I mean its not-- If you already have a buyer
Maybe that's what the real estate agent is there for....
Maybe that's what the real estate agent is there for....
Posted on 12/27/15 at 11:18 am to TJG210
If you actually work hard and not laze around -- 40-70K in your first year. But that means going out there, making cold calls, and not wait for your brokerage firms' leads.
Posted on 12/27/15 at 11:28 am to TJG210
Not sure about comments saying its a dying career. I know a couple that are making more and staying busier than ever. Yea you can sell house yourself but frick that, I've done it. Thing is, I was only moving about 10 miles from old house after I got married. It got old constantly having to go out there and show it and deal with people. Next time I sell I will use a good REA and take that headache away. I bought that old place with an agent and everything went smooth. Seems buying a house might be easy though w/o agent but as far as selling, I'd rather have one.
Posted on 12/27/15 at 11:30 am to windshieldman
quote:
Seems buying a house might be easy though w/o agent but as far as selling,
I may be wrong. But I believe agent commission comes out of the sellers pocket. So why not use a buyers agent?
Posted on 12/27/15 at 11:36 am to Ostrich
quote:
wrong. But I believe agent commission comes out of the sellers pocket. So why not use a buyers agent?
I don't know shite about it as far as their commission, I just know I'll never sell or buy again without a good agent. I don't like headaches and work 2 jobs with 4 kids. Last thing I wanna do is try to sell or buy a house, they have agents that can do it for me. Like deer hunting, yea I can cut and quarter it up and process deer myself, or pay $50 and let someone else do it for me.
I'll let someone else do it with exception of teaching my kids how to do it. Bad comparison, but still.
Posted on 12/27/15 at 11:42 am to Ostrich
quote:
I may be wrong. But I believe agent commission comes out of the sellers pocket. So why not use a buyers agent?
Doesn't quite work that way, and you stand a great chance of having your interests screwed for possibly a small savings.
Posted on 12/27/15 at 11:43 am to windshieldman
I think i'd rather pocket the $$$ for all the 'hard' work an agent does for selling my house.
what a joke...
what a joke...
Posted on 12/27/15 at 11:49 am to joeleblanc
quote:
i'd rather pocket the $$$ for all the 'hard' work an agent does for selling my house.
If I'm a single guy working an 8-5 then maybe so. Being married with kids, working long hours, I don't wanna deal with it. More people now are working longer hours and more than one job, these are the one's that will give up a percentage to not deal with it. Granted, when I sold my old house it was in the 08-09 "crash" but it was a pain in the arse to me. Some might can deal with it, I personally don't want to.
Posted on 12/27/15 at 11:49 am to windshieldman
quote:
Seems buying a house might be easy though w/o agent but as far as selling, I'd rather have one.
Couldn't agree more. Buying property is easy, selling is difficult. It's not finding buyers for a home that's hard, it's all the minutia that goes along with it: inspections, closing attorney, showings, etc, etc, etc. I'd much rather pay someone to handle all of that for me.
Posted on 12/27/15 at 12:15 pm to Aubie Spr96
Agree but it makes no sense for an agent to make more money on a million dollar house than they do on a 100k house ... It's ridiculous..
And if by the time your 40 and can't afford a million dollar home - you have made some poor choices in your life ... I don't think the pool of potential buyers in that price range is small at all ..
And if by the time your 40 and can't afford a million dollar home - you have made some poor choices in your life ... I don't think the pool of potential buyers in that price range is small at all ..
Posted on 12/27/15 at 12:18 pm to threeputt
quote:
And if by the time your 40 and can't afford a million dollar home - you have made some poor choices in your life
I think everyone by 40 should be able to afford a billion dollar home tbh.
Posted on 12/27/15 at 12:23 pm to threeputt
quote:
And if by the time your 40 and can't afford a million dollar home - you have made some poor choices in your life ... I don't think the pool of potential buyers in that price range is small at all ..
I hope this is a shitty troll and you aren't really this dumb
Posted on 12/27/15 at 12:25 pm to windshieldman
To whoever asked if you can be an agent part time you can but most don't because of all the fees associated with keeping up your license
Posted on 12/27/15 at 12:27 pm to threeputt
quote:MAYBE, if you don't have any kids.
And if by the time your 40 and can't afford a million dollar home - you have made some poor choices in your life
Posted on 12/27/15 at 12:27 pm to shutterspeed
quote:
Doesn't quite work that way, and you stand a great chance of having your interests screwed for possibly a small savings.
It kinda does. 99% of the time I am paid by the seller (there are exception where I work with investors who might pay me a retainer to keep a lookout for them) , but who pays me does not determine who I represent. That's defined in the agency agreement. If I'm the buyer's agent, I represent the buyers. Period. It can get dicey when you're a dual agent, but all you can do is try and be fair and honest with both parties you represent.
So, yeah, not retaining a buyer's agent is kind of silly really. It's fricking free to you most of the time.
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