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re: To the 100 or so realtors who have called me since listing my house

Posted on 2/13/20 at 9:41 am to
Posted by EA6B
TX
Member since Dec 2012
14754 posts
Posted on 2/13/20 at 9:41 am to
quote:

If I'm buying a home FSBO, I'm discounting the realtor cost from the offer


In most areas where the market is hot the asking price is where offers start, and bidding goes up from there.
Posted by LSUFanHouston
NOLA
Member since Jul 2009
41681 posts
Posted on 2/13/20 at 9:41 am to
quote:

Is everyone competent in your field? There’s bad apples in every career.


Sure. But real estate has an insanely low barrier to entry.
Posted by dlambe5
Prairieville
Member since Jul 2009
705 posts
Posted on 2/13/20 at 9:46 am to
Did you have an appraisal?
Posted by CP3LSU25
Louisiana
Member since Feb 2009
52570 posts
Posted on 2/13/20 at 10:20 am to
quote:

They don't. Studies show that only like 15% of Realtors actually make a salary you can live one. The rest are soccer moms who have husbands that support them or do it as a side business and have real jobs.

IIRC the numbers are the bottom 30% make less than $25K the middle average around $40K and only the top 10% make more than $100K.

On top of that, something like 87% of realtors fail within 5 years.




I was wondering how all those realtors make money. They have hundreds and hundreds in the buildings.
This post was edited on 2/13/20 at 10:21 am
Posted by Tigerbait337
Louisiana
Member since Aug 2008
20535 posts
Posted on 2/14/20 at 8:39 am to
The key is using a FULL TIME Realtor that does it as a career. You’ll get your money’s worth.

Don’t hire Susie Q who just does it for fun or only on weekends.
Posted by OweO
Plaquemine, La
Member since Sep 2009
122527 posts
Posted on 2/14/20 at 8:42 am to
Is the market that strong to keep all these realtors in business?

I see areas that have had the same houses for sale for a year +.. It seems like they all change realtors every several months.

This post was edited on 2/14/20 at 8:43 am
Posted by TH03
Mogadishu
Member since Dec 2008
172004 posts
Posted on 2/14/20 at 8:44 am to
quote:

Strannix


Sold your house yet?
Posted by TH03
Mogadishu
Member since Dec 2008
172004 posts
Posted on 2/14/20 at 8:46 am to
quote:


I see areas that have had the same houses for sale for a year +.. It seems like they all change realtors every several months.



No one is really champing at the bit to move to Baton Rouge.
Posted by The Mick
Member since Oct 2010
45198 posts
Posted on 2/14/20 at 9:15 am to
FSBO I assume?
Posted by llfshoals
Member since Nov 2010
21035 posts
Posted on 2/14/20 at 10:08 am to
As a realtor I can tell you a lot of them don’t.

I also don’t call on any FSBO unless they are really close to my home and I already have a buyer lined up. I know there are a hundred agents in town that call on them daily, and those are the ones starving.

Good realtors deal with the headaches so you will have fewer of them. Yes I get paid to do the job, but like other good realtors I only work one side of the deal. My clients deserve good representation, and conflict of interest trying to work both sides is not the way to do so.

Yesterday in Tuscaloosa 19 houses went under contract, 7 of them under 10 days on the market, 2 of them went day 1.

Basically boils down to list your house, 500 agents are trying to sell it, lots with buyers lined up. You do it, it will almost certainly take much longer. What’s the cost of you not selling it fast?
This post was edited on 2/14/20 at 10:15 am
Posted by GeauxGutsy
Member since Jul 2017
5996 posts
Posted on 2/14/20 at 10:21 am to
quote:

Strannix


Shreveport is an awful place to live. I’m surprised most realtors sell enough to make a living.
Posted by LSU4ever2002
Member since Sep 2009
743 posts
Posted on 2/17/20 at 2:27 pm to
Appraisal came back slightly more than we paid.
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