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re: Who wants to shat on realtors with me today?

Posted on 7/7/23 at 6:43 pm to
Posted by TJG210
New Orleans
Member since Aug 2006
29288 posts
Posted on 7/7/23 at 6:43 pm to
I’d prefer to pay them by the hour not by the percentage

How much are you paying per Hr? How would the buyers agent be compensated in this model?
Posted by Lickitty Split
Inside
Member since Apr 2017
4120 posts
Posted on 7/7/23 at 6:45 pm to
First off, I would not pay the buyer’s agent anything. The buyer should be paying their agent. Buyer’s agent is a relatively new thing.

I’d probably pay between 30-50 and hour.
Posted by llfshoals
Member since Nov 2010
20576 posts
Posted on 7/7/23 at 6:49 pm to
quote:

I just sold a property without a realtor and only had to pay a $525 fee to the title company that did my closing.
So you either

A - sold cheap property
Or
B - Didn’t have a title search done.

You’re exceptionally stupid if it was B
Posted by TJG210
New Orleans
Member since Aug 2006
29288 posts
Posted on 7/7/23 at 6:50 pm to
quote:

off, I would not pay the buyer’s agent anything. The buyer should be paying their agent. Buyer’s agent is a relatively new thing. I’d probably pay between 30-50 and hour.


Good luck with that
Posted by stout
Porte du Lafitte
Member since Sep 2006
179670 posts
Posted on 7/7/23 at 6:52 pm to
To be fair, I wouldn't let you move in early either. If something happens and the sale falls through it can be a legal nightmare to move your shite out.

Also, you could blame the seller if something is broken or damaged.

Just too much of a risk for the seller.
Posted by stout
Porte du Lafitte
Member since Sep 2006
179670 posts
Posted on 7/7/23 at 6:54 pm to
quote:

Huge liability issue for them to store your stuff in a home that they still own. Insurance company wouldn’t care who owns the equipment, only the dwelling it is sitting in. I’ve seen someone do this exact instance one time in the house caught fire that night, burnt to the ground. Liability fell to the owner, it was it was under their roof. I’ve also seen someone moving stuff into a garage that tripped and fell. Trust me, the insurance companies had a field day with that one pointing out who was at fault and who was responsible. The realtor of the seller did a good job of protecting her Client on this one. Just saying.




All of this and then some.
Posted by chRxis
None of your fricking business
Member since Feb 2008
26692 posts
Posted on 7/7/23 at 6:58 pm to
quote:

Please someone tell me why this is all necessary?


well, this thread didn't go quite like you thought it would, huh?
Posted by dgnx6
Member since Feb 2006
86264 posts
Posted on 7/7/23 at 7:03 pm to
quote:

A good one is worth every cent Of course, the complexity of the deals, the market, what you need a realtor to do, etc. all play a role in how much value you derive from the help.


Yeah but then you’ve got to pay the lawyer to look over it. Especially if it’s complex or a business doing a long term lease.

Posted by llfshoals
Member since Nov 2010
20576 posts
Posted on 7/7/23 at 7:03 pm to
quote:

Paying the price of almost a car to someone that is usless. Should be a fixed cost not a percentage
Do any of you idiots know you can negotiate the realtor fee?

Hint….you can. Being willing to do it has gotten me more than one sale.
Posted by Lickitty Split
Inside
Member since Apr 2017
4120 posts
Posted on 7/7/23 at 7:05 pm to
I don’t need luck with anything. Why am I obligated to pay someone when I’m selling my house. You employ an agent to find a house for you to purchase then you pay them. I didn’t sign a damn thing with your agent. As a matter of fact, I’d tell anybody with an agent that if I’m required to pay their agent then they better go ahead and add the 4% to their offer.
Posted by TJG210
New Orleans
Member since Aug 2006
29288 posts
Posted on 7/7/23 at 7:09 pm to
quote:

Do any of you idiots know you can negotiate the realtor fee? Hint….you can. Being willing to do it has gotten me more than one sale.


Then what would they have to bitch at?

Not to mention the times I’ve cut my commission to help buyers/sellers out.
Posted by TJG210
New Orleans
Member since Aug 2006
29288 posts
Posted on 7/7/23 at 7:12 pm to
quote:

Who wants to shat on realtors with me today? by Lickitty SplitI don’t need luck with anything. Why am I obligated to pay someone when I’m selling my house. You employ an agent to find a house for you to purchase then you pay them. I didn’t sign a damn thing with your agent. As a matter of fact, I’d tell anybody with an agent that if I’m required to pay their agent then they better go ahead and add the 4% to their offer.


You do that and see what results you get. Hope you have the most desirable house, in the most desirable neighborhood because you’d already be eliminating a giant part of the market, and no agent worth a shite would work for $30/40hr….then I’m sure you’d come and regale us on how terrible they were.
Posted by Finch
Member since Jun 2015
3704 posts
Posted on 7/7/23 at 7:13 pm to
Residential real estate agents are a dime a dozen and for the most part worthless people who couldn’t cut it in other fields

I love the ones that always talk about being entrepreneurs because they are brokers


A good commercial agent is priceless though
Posted by TJG210
New Orleans
Member since Aug 2006
29288 posts
Posted on 7/7/23 at 7:37 pm to
quote:

you’ve got to pay the lawyer to look over it


Look at what exactly? The title work? Succession?

quote:

business doing a long term lease


That’s a commercial agent and what is a lawyer getting involved on a lease for?

Not sure where y’all come up with some of this shite.
This post was edited on 7/7/23 at 7:40 pm
Posted by Chef Curry
Member since Mar 2019
2929 posts
Posted on 7/7/23 at 9:12 pm to
Realtors are absolutely useless unless:

A. You don’t need every penny of the sale to go towards your next home.

B. You’re moving to an area you know nothing about.

I sold my first two homes myself just by posting it on Zillow. Worth it to save thousands of dollars on realtor fees.
Posted by Lickitty Split
Inside
Member since Apr 2017
4120 posts
Posted on 7/7/23 at 9:14 pm to
This is exactly what I’m talking about. This is why I’ll never pay a realtor.

To the realtors, why should a seller pay the buyers agent?
Posted by TJG210
New Orleans
Member since Aug 2006
29288 posts
Posted on 7/7/23 at 9:25 pm to
quote:

To the realtors, why should a seller pay the buyers agent?


You really don’t have to, but it’s an incentive for agents to show your house. Honestly, when one of my clients selects houses to look at I do my best to not even look at the commission splits. I really could care less if it’s between 2-3, but I don’t really want that entering my head.

Hell there are instances where sellers are so motivated they’ll place cash bounties on their properties to get them sold by specific dates.

quote:

I sold my first two homes myself just by posting it on Zillow. Worth it to save thousands of dollars on realtor fees.


Maybe not in your situation, but I’d be curious to see in cases where people were left to their own devices to handie things, how the deals shook out compared to using a solid agent. I can tell you absolutely there are agents that can save/make you money on deals.
This post was edited on 7/7/23 at 9:30 pm
Posted by OweO
Plaquemine, La
Member since Sep 2009
120274 posts
Posted on 7/7/23 at 9:29 pm to
How easy is it to become a realtor?
Posted by TJG210
New Orleans
Member since Aug 2006
29288 posts
Posted on 7/7/23 at 9:41 pm to
quote:

How easy is it to become a realtor?


Fairly easy, getting and keeping business is much much more difficult. 20% of the agents have 80% of the business, gap may be even larger than that.
Posted by dsides
Member since Jan 2013
6154 posts
Posted on 7/7/23 at 10:08 pm to
quote:

Sellers agent finds out and talks the seller out of it


You thinking this is a problem is exactly why you need an agent.
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