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Started By
Message
1
Posted on 11/11/22 at 10:48 am to lowspark12
quote:
I image a large percentage of “active” realtors have other forms of income… it’s more of a side hustle and not bread winning…. But idk.
By brother is a teacher but a few years ago got his realtors license so he could help out at his in-laws real estate company part time in the summers. I think he has only sold 1 or 2 houses in that time frame but the money from it was good enough to keep doing it. I imagine there are a decent percentage of that 1.6 million number that are in a similar boat.
Posted on 11/11/22 at 10:50 am to jbgleason
quote:
have a house in Southdowns that has been on the market for 18 months. Hasn't been shown since July. FML.
Have you lowered price?
Houses arent getting shown but I have noticed people refusing to lower prices
Posted on 11/11/22 at 10:53 am to stout
It's been that way for a long time. The top 5% do about 85-90% of the sales. Sales in general is that way, not just residential sales.
Posted on 11/11/22 at 11:01 am to jbgleason
quote:Have you considered the possibility that it is listed beyond its actual value?
I have a house in Southdowns that has been on the market for 18 months. Hasn't been shown since July. FML.
Posted on 11/11/22 at 11:04 am to MrJimBeam
quote:
My guess is it is the 4k sq ft house on Pickett for 700k that instead of dropping in price over the last year and a half it's gone up Nice home, but at some point you have to come down on price.
That was on the market when I bought over 3 years ago and still there
Posted on 11/11/22 at 11:05 am to stout
Two most worthless careers females fall into and think they’re amazing. Photographer and Realtors.
Posted on 11/11/22 at 11:06 am to Harry Caray
Realtors are like car salesmen, an out dated profession that really doesn't provide much value for the cost in the transaction.
My brother sold his house on his own, hired a lawyer to prep the legal documents for cheap and saved $$$$ on commissions.
My brother sold his house on his own, hired a lawyer to prep the legal documents for cheap and saved $$$$ on commissions.
Posted on 11/11/22 at 11:22 am to stout
Stout, how does your foreclosure business project over the next 18 months? What's the horizon look like?
Posted on 11/11/22 at 11:23 am to stout
What is all that added up? Can’t be more than like 5-10k
Posted on 11/11/22 at 11:24 am to stout
I stopped seeing every wahoo in BR post their ridiculous monthly sales a few months ago so I believe it.
Posted on 11/11/22 at 11:27 am to stout
Most people probably becoming one just to buy/sell own house.
I’m not terribly surprised at the number.
I’m not terribly surprised at the number.
Posted on 11/11/22 at 11:29 am to stout
I’d bet all of the ones not closing a deal were not doing more than 25% of their family’s income even at peak earnings. Part time gig people
Posted on 11/11/22 at 11:29 am to stout
No way that is accurate. Real estate agents typically make 3% per transaction right? If median price Of 200k is used and they do 300 transactions a year they are making 1.8 million. In lake Charles. No shot.
Posted on 11/11/22 at 11:31 am to td1
quote:
When people finally realize that a 400,000 house they bought 5 year ago isn’t worth 600,000, houses will start selling again.
i live 30 miles south of Waco in a historic downtown neighborhood and there's a couple that decided they wanted to be their own Chip and Joannas down here. nice couple. they bought some dumps and flipped them very well.
their last one to finish, came open right as rates went from 3-4ish to 6-7ish% and houses started to sit.
it's a very nice remodel and cozy little house, but they asked $375k for a 3/2 1600 sf and haven't moved. MAYBE when the market was at its' highest that was possible and even then they wouldn't have gotten full asking IMHO, but they're insane asking that much and haven't budged in a month. This is a home in Temple, TX... not Austin or Dallas.
LINK
Posted on 11/11/22 at 11:34 am to bayoutiger225
quote:
? If median price Of 200k is used and they do 300 transactions a year they are making 1.8 million. In lake Charles. No shot.
I am pretty sure I know who stout is talking about and it's legit. I think she won a national award recently as the top producer.
Posted on 11/11/22 at 11:34 am to lsu13lsu
quote:
Zillow would be so much better if verified people who looked at a house could post pictures and make comments on what they saw.
But would you trust them? Everyone has an angle.
Posted on 11/11/22 at 11:35 am to SlowFlowPro
That’s insane. That means they sell a house every working day essentially.
This post was edited on 11/11/22 at 11:37 am
Posted on 11/11/22 at 11:37 am to bayoutiger225
Well she's a broker and has realtors under her IIRC.
Posted on 11/11/22 at 11:42 am to 3nOut
quote:
quote:
When people finally realize that a 400,000 house they bought 5 year ago isn’t worth 600,000, houses will start selling again.
i live 30 miles south of Waco in a historic downtown neighborhood and there's a couple that decided they wanted to be their own Chip and Joannas down here. nice couple. they bought some dumps and flipped them very well.
their last one to finish, came open right as rates went from 3-4ish to 6-7ish% and houses started to sit.
it's a very nice remodel and cozy little house, but they asked $375k for a 3/2 1600 sf and haven't moved. MAYBE when the market was at its' highest that was possible and even then they wouldn't have gotten full asking IMHO, but they're insane asking that much and haven't budged in a month. This is a home in Temple, TX... not Austin or Dallas.
Temple, Texas. made me think of this great NCFOM scene.
LINK
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