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Message
re: The home selling realtor setup is unfair to sellers and buyers
Posted on 4/17/23 at 2:54 pm to AwgustaDawg
Posted on 4/17/23 at 2:54 pm to AwgustaDawg
quote:
For the last 20 years or so it is common for buyers to ask a seller to show them a house they have found on line...again, the agent is doing nothing but unlocking the door in this case...I just do not get it.
I can appreciate that perspective and understand the quandary. I once also held that same belief. Now that I get to see the other side of it and all the work that goes in to it, I understand.
Is the pay equitable? Maybe...maybe not. I think if anything happens over the next few years you might see the payment structure change. I HIGHLY doubt you'll see the architecture of the licensing and brokering change. It's there for accountability. Are there bad apples? Yes, of coarse. Should you throw the baby out with the bath water? Nope.
0
Posted on 4/17/23 at 3:00 pm to AwgustaDawg
quote:
The state licensing of real estate agents does NOTHING to protect consumers in the transaction of real estate. It can not...it can strip the license of an agent AFTER the fact but the damage is done...the buyer and the seller is responsible for making certain the broker and agent they trade with is competent, resting on the fact that they hold a license issued by the state as proof of their competency is a fools errand
You’re embarrassing yourself now….do some research on what recourse state boards have and get back to me.
Posted on 4/17/23 at 3:14 pm to kennypowers
quote:
I know this is going to blow you mind(and this is part of the larger problem) but every state has different rules/laws/contracts. Some require attorneys in every transaction, some don't. That's why realtors have to be licensed in each state they want to do business in.
F does that have to do with my post, of course every jurisdiction has different laws, my question remains, other than writing a check and signing the docs what possible negative interaction could one have with a title attorney?
If title is good then thanks for the insurance, title is no good then thanks for finding out for me, there is no adversarial relationship.
Posted on 4/17/23 at 3:27 pm to AwgustaDawg
quote:
Every time I have ever tried to work with an agent they would offer showings of houses that we completely inappropriate for our needs...way to big, way to small, to few bedrooms, too small a lot...and after about 4 or 5 showings of houses that were way outside of our budget or a condo when we were looking for a single family house they would act like they were frustrated.
but she likes watching House Hunters, and assumes you want to experience the same thing that 30 minute show did.
Posted on 4/17/23 at 3:33 pm to AwgustaDawg
quote:
Appraised at 0$ initially until I pointed out how valuable it was in the market at the time (during a major oil boom in a town built on oil booms). I was leasing it month to month at $5K a month
That alone right there is stupidity at its finest.
Worth zero then changed to 15k when you're getting 5k a month in rent?
Freaking idiot.
Posted on 4/17/23 at 4:23 pm to TigerDoug
quote:
That alone right there is stupidity at its finest. Worth zero then changed to 15k when you're getting 5k a month in rent? Freaking idiot.
The poster mentioned that a few different appraisers came to the same conclusion, if that’s the case I bet he’s leaving something out.
Posted on 4/17/23 at 5:09 pm to TeddyPadillac
quote:Sadly that’s the extent of knowledge most agents have when it comes to home searches.
but she likes watching House Hunters, and assumes you want to experience the same thing that 30 minute show did.
I routinely take 3+ months to find properties for clients. Some over a year they saw 40 houses before they settled on one. Properly setting up searches is where the good and the bad really stand out.
Posted on 4/17/23 at 5:38 pm to Jcorye1
quote:
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.
It is really just horrible timing for you and you have not done anything wrong.
The house I sold a year ago - was 20 years old. The first 18 years, the value increased and decrease a total of 5% the entire time. If I sold it in 2019 - I would have made less than 3% after all my fees.
Three years later - it sold for $200k more than that.
It’s all timing and it sucks.
Posted on 4/18/23 at 5:50 am to TJG210
quote:0
quote:
The state licensing of real estate agents does NOTHING to protect consumers in the transaction of real estate. It can not...it can strip the license of an agent AFTER the fact but the damage is done...the buyer and the seller is responsible for making certain the broker and agent they trade with is competent, resting on the fact that they hold a license issued by the state as proof of their competency is a fools errand
You’re embarrassing yourself now….do some research on what recourse state boards have and get back to me.
All a state board could do is strip the licensee of their license, as stated. They have NO authority to do anything other than that...anything beyond that would be a job for the justice system, not the real estate licensing board.
But don't take it from me, ask the National Association of Realtors....
While your at it, ask the NAR about the level of competence and training the average agent or broker possesses. Nearly zero, again according to the NAR...70 hours of training LOL. 2 weeks. Thats the national average. The national average for Barbers is 100 hours of traininig LOL.
I get it...having a state issued professional license is an article of pride for some folks...others understand that they are nothing more than a means of limiting comopetition.
Posted on 4/19/23 at 9:24 am to ShermanTxTiger
quote:
These realtors are all work friends and play "get along, go along" . They are more concerned with not making their fellow realtors upset than fighting for their clients. They deal with these people on a daily basis sometimes. A random client (John) stands no chance in the loyalty test.
They will ALWAYS gravitate to making their friends in the business happy first
No one in any industry will try to purposely make anyone mad that the might have to business with in the future. Duh. But to say they go out of their way to make them happy is stupid. You have no idea what you are talking about.
Random John, if treated correctly, could very likely lead to more business for the realtor than a fellow "friend" realtor. Do you really think friend realtors are giving other realtors clients? How the hell does that happen and what benefit does that give to realtor 1? None. Word of mouth by clients and client referrals are the biggest pool for realtors to earn from, unless they are paying to get leads from Zillow and others
Posted on 4/19/23 at 9:30 am to Beauw
quote:
The commission structure needs to be changed as far as the “buyers agent”goes.
As it stands, they have very little incentive to get a lower price for their client
You mean aside from buying agent getting paid??? If they go too low and somebody else offers more, they don't get paid, it's that simple.
Posted on 4/19/23 at 9:40 am to Gee Grenouille
Car dealerships are a racket too. Why can't civilians buy straight from the manufacturer?
Posted on 4/19/23 at 3:37 pm to Doug_H
quote:
But to say they go out of their way to make them happy is stupid. You have no idea what you are talking about.
They don't go out of their way to put clients before business peers. That is a fact and I have witnessed it three times in 3 separate real estate transactions:
Realtor 1- Illinois- "We can't ask too much from them after the inspections because the selling realtor and I will never play golf again"- Our realtor
Realtor #2- Texas- "I love the buyers realtor and really want to work with her in the future. I just love her. I don't want to mess this up."- Selling realtor asking for buyers to get early access to the property outside of the contract we already agreed upon.
Realtor #3- Louisiana- "I don't want to send a low ball offer and lose credibility with the seller or his realtor"- Buyer realtor for us. We asked for $18,000 less than asking on a $200,000 K lot when we learned it had a gasline running through a corner of the lot and prohibits permanent structure building.
I don't care what anyone says, it is a rigged game when dealing with realtors.
This post was edited on 4/19/23 at 3:41 pm
Posted on 4/20/23 at 9:35 am to Gulf Coast Tiger
quote:
Gulf Coast Tiger
What's a good contact for you, I've got some questions about property over your way.
Posted on 4/20/23 at 3:18 pm to ShermanTxTiger
quote:
Realtor #3- Louisiana- "I don't want to send a low ball offer and lose credibility with the seller or his realtor"- Buyer realtor for us. We asked for $18,000 less than asking on a $200,000 K
Of the 3 you mentioned this is the only one I feel is the realtor is probably right. However they should still send whatever off you choose to send regardless of how they know it will end.
Posted on 6/16/23 at 12:24 am to kennypowers
shite, I'm agreeing with KP.
Posted on 6/16/23 at 12:26 am to BowlJackson
State legislatures that protect the dealership network. If you see a billboard or a TV commercial, they're paying politicians.
Posted on 6/16/23 at 8:12 am to blueboxer1119
I have sold houses with and without a selling realtor. I haven't done it lately and did not know Zillow did this. No good reason for this. Wonder how much the national board of realtor paid to get this changed? 
Posted on 6/16/23 at 9:33 am to Gee Grenouille
quote:
they like it and are deciding. Let us know if you get an offer or another interested party”.
Just call your Realtor and ask her "what, if anything, is holding the buyer back"? Is it meeting their criteria and out of their price range? Or, is it missing on the criteria (they want a pool or workshop and you dont have one).
They may not be a serious buyer.
Communicate to your Realtor. Thats why you have one.
Posted on 6/16/23 at 9:36 am to Gee Grenouille
You can always list by owner and see how it goes But with an agent- a good agent-You get shielded from all of the drama that can come about from dealing directly with the buyer
Good agents take the emotion out and create for a smoother process
Good agents take the emotion out and create for a smoother process
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