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| | Author | Messages | |
superstar
Posts:12
 | | 10/18/2007 5:35 PM |
 Alert | Who is a good real estate agent? We need to sell
our house in Maricopa! Has anyone tried the
Remax in Maricopa??? | | | |
| | garden glow
Posts:698
| | 10/18/2007 5:55 PM |
Alert | Try.... Dawn Madden...she's with Oracle Realty...
520-568-0555 office.... or.... 602-361-0103 cell
They are a newly formed agency with many seasoned realtors....good luck! | |
ANYONE HOME?
Residential Yard Clean-ups and Maintenance
for more info go to the
Business Section under Landscaping-Maintenance
Click Here for our website. | |
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| | delby
Posts:0
| | 10/20/2007 6:08 AM |
Alert | | I have a question, If I sell my home for more than the going rate of current market standards, cause I can sit on the home till it sells, what realtor would not be afraid to tell their people that the home is going for 'x' amount of dollars, without hesitation to kill the sale? | | | |
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| | azreplant
Posts:222
| | 10/20/2007 8:39 AM |
Alert | Any realtor will divulge your asking price to a prospective buyer.
Was that your question?
They should not give away your minimum. | |
<=== Galaxies In Collision | |
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| | LeonPotter
Posts:506
| | 10/20/2007 5:58 PM |
Alert | I think the question is: Is their a real estate agent that will tell buyers that the price being asked IS the price being asked even if it is over the asking price of similar homes?
Sure there are. I don't have any names. But, the seller agent works for you. His job is to advise, but you always have final say. There may be philisohpical difference on this, but the ultimate decision is yours. Of Course, any agent can decide not to take the listing based on any difference of opinion of how to sell the home.
I used this approach when I sold my home. I had to stick to my guns, but we got more for doing it AND it sold much quicker than anyone anticipated. | |
My answer is "NO" to Q#5 and Q#1.
Proverbs 22:7
The rich ruleth over the poor and the borrower is servant to the lender. | |
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| | delby
Posts:0
| | 10/21/2007 7:12 AM |
Alert | | Thank you Leon Potter for the right response. I have another question. Are there any realtors who would take less than six percent for selling a home? It seems like a ton of money to get for a sale. I was thinking that if a realtor would'nt take less than six percent than maybe I would sell the home myself. I feel that if the realtor isn't comfortable selling the home for more than what the current market standards than the next best thing is to sell the property myself, than pay an attorney or real estate officer a small fee to be there at time of close. Anyone know of a realtor who will take around two percent? I would pay six percent if the person felt strongly about the sale; I just feel that most realtors are there to just show the property instead of selling the property, I could be wrong though. | | | |
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|  | LeonPotter
Posts:506
| | 10/21/2007 1:05 PM |
Alert | <div class='NTForums_Quote'>Posted By delby on 10/21/2007 7:12 AM
Thank you Leon Potter for the right response. I have another question. Are there any realtors who would take less than six percent for selling a home? It seems like a ton of money to get for a sale. I was thinking that if a realtor would'nt take less than six percent than maybe I would sell the home myself. I feel that if the realtor isn't comfortable selling the home for more than what the current market standards than the next best thing is to sell the property myself, than pay an attorney or real estate officer a small fee to be there at time of close. Anyone know of a realtor who will take around two percent? I would pay six percent if the person felt strongly about the sale; I just feel that most realtors are there to just show the property instead of selling the property, I could be wrong though.</div>
Your welcome!!
Two your second question, I don't have any names. However, what I can tell you are that all commissions are negotiable. The 6% is a rate that is accepted, but it can be whatever you and the listing BROKER agree to.
Notice I said Broker. It's not even up to an Agent of a real estate company. Unless, it is already policy, the agent will have to get the okay for anything else.
Consider these factors: assuming you list with an agent and your home is bouhgt from someone using another agent from another broker, each of them will expect to be paid.The listing broker will split the commision with the selling broker(buyer's broker), then each broker will pay its respective agent their agreed upon commission rate for working there.
So you may come across some resistance to the idea. A line that you may here is "in this market"(gotta love that phrase)..."we have to offer the buyer's agent an incentive to show YOUR home becomes homes aren't selling and inventory is high. So to make it stand out, I recommend we offer x% for them and my broker requires y% percent, so the minimum is Z% total."
This is my take. If you feel better with an agent, hire one. But, be fair as far as compensation. Yes, the commission is negotiable. The way you can turn the above statement around is " inventory is high and homes aren't selling, X% of sales price is more than 0(zero) percent of sales price."
So, it all depends what your most comfortable doing yourself and what you feel the value is of any help. The other side of the coin is finding a broker/agent willing to accept that agreement knowing they may have to share it. They may not be willing to work as hard, even if they did accept it.
There is human nature and psychology involved and it may be different with whomever you encounter.
It is totally between you and the person that decides to work for you(If you choose the agency path.)
Personally,I'd do it myself and forget the attorney, too.lol. But, you're not me. | |
My answer is "NO" to Q#5 and Q#1.
Proverbs 22:7
The rich ruleth over the poor and the borrower is servant to the lender. | |
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| | Bridog
Posts:55
| | 10/22/2007 11:00 PM |
Alert | Yes,
There are Realtors that will take less than 6%. There is a key number that you are missing though. Generally half (not always, but mostly) of the 6% goes to the Realtor that brings the buyer.
It is common for folks to ask their Realtor (if they are the sellers) to reduce the commission percentage if he finds the buyer.
Generally, you will need to pay the buyers realtor 3%, plus the negotiated commission for your Realtor.
You can find plenty of people that willling your home on the MLS for 1%, but you will still need to offer commish to the buyer broker.
Just remember while interveiwing the realtors, ask for a copy of their Marketing Plan, if they just stare blankly at you, then run, dont walk away. | | | |
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| | LadyAmalthea
Posts:86
| | 11/05/2007 6:24 PM |
Alert | I'm not a real estate agent, but I have several friends who are. I agree with Bridog - find out what their plan is for marketing your home. If they're willing to go the extra mile, work weekends, return phone calls withing 24 hours, they do deserve to get paid. And I do know from my friends who are struggling in this market that they don't get paid until your home sells. So it does work both ways - if they're paying hundreds of dollars a month to advertise their services - and your home - shouldn't they be compensated? And yes, the buyer's agent does usually get 3%, more if you decide to be aggressive and offer more, or if your agent will take a 2/4% split. I don't know if that's up to their broker or not.
If you do decide to go your own way, use craigslist. It's free to advertise there, and that site gets a lot of traffic. | |
"Ain't nothin' but a barn dance, sugar. Ain't nothin' but a round de round" - Sara Tidwell and the High Tops | |
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| | delby
Posts:0
| | 11/05/2007 10:33 PM |
Alert | | We are thinking of putting our home on other states' M.L.S., to see what bites. Has anyone tried this approach? I have a realtor that has helped us and several of our friends out that will list in Cal. and N.Y. | | | |
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| | LeonPotter
Posts:506
| | 11/06/2007 7:50 AM |
Alert | <div class='NTForums_Quote'>Posted By delby on 11/05/2007 10:33 PM
We are thinking of putting our home on other states' M.L.S., to see what bites. Has anyone tried this approach? I have a realtor that has helped us and several of our friends out that will list in Cal. and N.Y.</div>
I think it's a long shot. Could it happen?Sure. But, unlikely and unnecessary. When listing a property on any MLS, it also appears on realtor.com,a public source of all MLS listings.
So anyone can do a search for a home in the area without actually being there.
| |
My answer is "NO" to Q#5 and Q#1.
Proverbs 22:7
The rich ruleth over the poor and the borrower is servant to the lender. | |
|
| | kjgreifer
Posts:0
| | 11/06/2007 8:14 AM |
Alert | Since you will be competing with new home builders for the sale of your house, you need a very competitive price. Sometimes below comps since the comps are decreasing every month. You also need to have a perfectly staged and clean house.
The realtor needs to spend the money and time marketing your property. If the realtor just puts the home on the MLS it will probably just sit without many people looking at the home.
There are so many homes on the market (both resale and spec) so you really need to have your home standout. This can be done by marketing, staging and a very, very competitive price. | | | |
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| | delby
Posts:0
| | 11/08/2007 9:08 PM |
Alert | | After long consideration of possibilities and attempts to aquire information on the sale of our home; simple decision was to re-prioritize the owed amount, and justify means to an end. The home we built was intended to last the years our children went to school, or until the neighborhood went downhill, which ever comes first. The recent upgrades added to the amplified appraisal in which we paid for. I just don't think getting offended at offers for far less than anticipated. We interviewed a few realtors and talked percentages and ethic and were not satisfied with the results. I'm sure that there are plenty of realtors, out there who fit the criteria we are seeking, for now our decision is made. I have too much pride to walk away with a foreclosure under my belt, and I think it is sleazy to buy another home and foreclose on the current one when the deal on the new one is done. So increasing hours worked and maybe another source of income until the rise of the economy comes will not only make us gray when we are young; it will increase our worth in the long run. Thank you for all the feedback to some of the questions. | | | |
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