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| Re: Like in a movie |
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Tue, 8 Apr 2008 08:18:56 -0700 |
Charles wrote:
> The realtor spent hours with us - going over this and that. We
> signed some papers. She went out front and started to put the sign
> in the ground. A car stopped... People looking for a house and
> land, right here...
Here's the deal.
Real estate oriented people are always looking for 'a good deal'.
'Spies', namely secretaries for the brokerage, other realtors who are
familiar with your realtor, tell their 'friends' who have asked them "If
you hear about something, let me know." and those friends have realty
friends who they mention "I don't have any interest in this kind of
property that I heard about, but you might." and all of a sudden there
is a viral telerealtyfriend buzzing out there on the wires and cellphone
waves and email and text messages -- all of this is happening while the
realtor is still talking to you because it the virus started circulating
when she made the appointment with you.
> Is it a good sign? We're officially on the market tomorrow. Fingers
> crossed!
--
Mike Easter
kibitzer, not SC admin
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| Re: Like in a movie |
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Tue, 8 Apr 2008 08:39:04 -0700 |
Charles wrote:
> The realtor spent hours with us - going over this and that. We
> signed some papers.
Here's something that makes me crazy about realtors -- you are the one
paying their commission, but they are actually working for everyone
else.
Here's the way that works.
There are two tricks. Get the listing and then make the sale, that is,
close a deal/open escrow that will hold up and don't let the owner get
in the way of your making the sale.
There is no such thing as getting the 'most' for your house/property,
because that always gets in the way of selling it.
Which would a realtor rather do, sell a property for $700K tomorrow or
spend a very long time trying to sell it for $850K. Answer: $700K.
The broker probably gets half the realtor's commission and they may have
to give up half to a buyer/broker. Now we are down to 1.5%. Would you
rather take $10,500 just for sweet-talking someone into listing with
you, or would you rather work your ass off and show and show and show to
a bunch of lookieloos for weeks or months on end to make another $2,250?
Take the quick sweet ten-five as the reward for capturing the listing.
Don't let the owner ask too much and slow down the sale.
I think the commission should work differently. I think the
broker/realtor should get 'nothing' for selling that imaginary property
example for $700K and they should get about a third of everything over
$700, so they will be properly motivated to get as much as possible for
the property. If they sell it for $850, they get $50K. They have to
sell it for at least $750 to get into the ballpark of what they would
have made by 'giving it away' for $700.
Fill in your own numbers to flesh out the concept for some other valued
property, be it $300K or $6mil.
--
Mike Easter
kibitzer, not SC admin
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| Re: Like in a movie |
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Tue, 8 Apr 2008 10:05:05 -0400 |
"Charles" <to5bwy502@sneakemail.com> wrote in message
news:Xns9A7A501188B38TheShrubIsAnAss@216.154.195.61...
>
> Is it a good sign? We're officially on the market tomorrow. Fingers
> crossed!
I dunno -- does it have lots of pretty colors and big bold letters?
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| Re: Like in a movie |
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Tue, 8 Apr 2008 10:17:47 -0400 |
"Charles" <to5bwy502@sneakemail.com> wrote in message
news:Xns9A7A501188B38TheShrubIsAnAss@216.154.195.61...
| The realtor spent hours with us - going over this and that. We signed
some
| papers. She went out front and started to put the sign in the ground. A
| car stopped... People looking for a house and land, right here...
|
| Now, sure, it happens all the time that people stop - curious ones,
| passers-by, whatever. Only, see, that happens when people are in visible
| places. We're at the end of a long dead end road. And you have to take a
| couple of turns and such to get there. And there are only 2 houses on the
| whole thing. And we might see one strange car out there per month. But,
| no, right when the sign was going up.
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| Is it a good sign? We're officially on the market tomorrow. Fingers
| crossed!
Usually when folk notice and stop that's a good sign (no pun intended)
As to being off the beaten track for city folk looking for county living
being off the track is a good thing.
My son found a nice section of land ( 40 ac. in rural N Texas. Did a google
map/sat search looked even better. Locals were really nice and very
friendly. Don't know what he will do eventually but given that most of
Texas does not have any form of zoning or land use regs he's digging into
the deed restrictions on the area around this section.
One thing he did find was there are private grants and tax credits to those
who will return the land to it's original state (i.e. before the area was
settled).
Don't know about your area but it's a selling point in his case especially
since the seller does not have a clue that the land is more valuable as a
result.
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| Like in a movie |
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Tue, 8 Apr 2008 11:52:15 +0000 |
The realtor spent hours with us - going over this and that. We signed some
papers. She went out front and started to put the sign in the ground. A
car stopped... People looking for a house and land, right here...
Now, sure, it happens all the time that people stop - curious ones,
passers-by, whatever. Only, see, that happens when people are in visible
places. We're at the end of a long dead end road. And you have to take a
couple of turns and such to get there. And there are only 2 houses on the
whole thing. And we might see one strange car out there per month. But,
no, right when the sign was going up.
Is it a good sign? We're officially on the market tomorrow. Fingers
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