Hell Yes! - Page 2 - Off Topic (Non Trade) - Contractor Talk

Hell Yes!

 
Thread Tools Search this Thread Display Modes
Old 03-20-2019, 07:47 AM   #21
Pro
 
Big Johnson's Avatar
 
Trade: Contractor Grunt
Join Date: Jun 2017
Location: Michigan
Posts: 4,548
Rewards Points: 864

Re: Hell Yes!


Quote:
Originally Posted by tjbnwi View Post
Anybody else remember FSBO?

Tom
^^^^^^^
Big Johnson is offline  

Warning: The topics covered on this site include activities in which there exists the potential for serious injury or death. ContractorTalk.com DOES NOT guarantee the accuracy or completeness of any information contained on this site. Always use proper safety precaution and reference reliable outside sources before attempting any construction or remodeling task!

   

Advertisement

 

Old 03-20-2019, 07:53 AM   #22
Pro
 
hdavis's Avatar
 
Trade: remodeling
Join Date: Feb 2012
Location: CoastalME
Posts: 24,668
Rewards Points: 1,982

Re: Hell Yes!


Quote:
Originally Posted by tjbnwi View Post
Anybody else remember FSBO?

Tom
I do. My sister always goes FSBO.
hdavis is online now  
Old 03-20-2019, 07:57 AM   #23
Pro
 
tjbnwi's Avatar
 
Trade: Remodeling
Join Date: Feb 2009
Location: Cedar Tucky, Indiana
Posts: 10,689
Rewards Points: 1,650

Re: Hell Yes!


Quote:
Originally Posted by hdavis View Post
I do. My sister always goes FSBO.
Used to be a big "thing" early '90'sish??? Lot of ads and signs, not so much anymore.

Tom
tjbnwi is online now  
The Following User Says Thank You to tjbnwi For This Useful Post:
hdavis (03-20-2019)
Sponsored Links
Advertisement
 
Old 03-20-2019, 08:03 AM   #24
Pro
 
hdavis's Avatar
 
Trade: remodeling
Join Date: Feb 2012
Location: CoastalME
Posts: 24,668
Rewards Points: 1,982

Re: Hell Yes!


Quote:
Originally Posted by tjbnwi View Post
Used to be a big "thing" early '90'sish??? Lot of ads and signs, not so much anymore.

Tom
There is a website now that's all FSBO listings. My sister uses it.
hdavis is online now  
Old 03-20-2019, 08:08 AM   #25
Pro
 
MarkJames's Avatar
 
Trade: Handyman Services
Join Date: Nov 2012
Location: Arlington, VA
Posts: 9,807
Rewards Points: 16,991

Re: Hell Yes!


It's about time.

So, after arguing with seller about the list price, encouraged decluttering, clean-up, open house, MLS placement, what do the most successful seller agents actually do to sell the home? What differentiates the market leaders? Do they go find buyers to sell your house, or wait for the buyers to be brought to them after the listing?

Does changing an agent after 6 months or so actually do much, or is it more about the local market in general?
MarkJames is online now  
Old 03-20-2019, 08:47 AM   #26
Artist and not a curator
 
Deckhead's Avatar
 
Trade: Carpentry,
Join Date: Dec 2010
Location: Sarasota, Florida
Posts: 8,755
Rewards Points: 3,518

Re: Hell Yes!


Quote:
Originally Posted by MarkJames View Post
It's about time.

So, after arguing with seller about the list price, encouraged decluttering, clean-up, open house, MLS placement, what do the most successful seller agents actually do to sell the home? What differentiates the market leaders? Do they go find buyers to sell your house, or wait for the buyers to be brought to them after the listing?

Does changing an agent after 6 months or so actually do much, or is it more about the local market in general?
I've always thought, if I had a business mind, that structuring a business to work real estate and building together would be brilliant. Sign a deal with someone interested to sell, do all the improvements that will upgrade the sellers prospective buyers and sellers at the top of the market. Homeowner would get cost for building or something close, then your profit would come from seller's agent and percentage of house instead of project.

Seemed like an idea to me but there's a lot of moving parts in that and I have no interest with doing something so complex. So, any of you who do... I'll take an idea fee.
__________________
Dude you thought the wall was built by Hitler. You had no plan or scheme. You look like a fool trying to convince us.
Deckhead is offline  
Old 03-20-2019, 08:52 AM   #27
Pro
 
MarkJames's Avatar
 
Trade: Handyman Services
Join Date: Nov 2012
Location: Arlington, VA
Posts: 9,807
Rewards Points: 16,991

Re: Hell Yes!


Quote:
Originally Posted by Deckhead View Post
I've always thought, if I had a business mind, that structuring a business to work real estate and building together would be brilliant. Sign a deal with someone interested to sell, do all the improvements that will upgrade the sellers prospective buyers and sellers at the top of the market. Homeowner would get cost for building or something close, then your profit would come from seller's agent and percentage of house instead of project.

Seemed like an idea to me but there's a lot of moving parts in that and I have no interest with doing something so complex. So, any of you who do... I'll take an idea fee.
The sellers would mostly be distrustful and hesitant to fund the improvements.
MarkJames is online now  
Old 03-20-2019, 09:08 AM   #28
Pro
 
KAP's Avatar
 
Trade: Custom
Join Date: Feb 2011
Posts: 11,661
Rewards Points: 36,904

Re: Hell Yes!


Quote:
Originally Posted by Big Johnson View Post
Most buyers around here are signed with an agent. If you don’t agree to pay the agents fee they will not allow the deal to happen. Been there and done that. I was fsboing once and the buyers agent demanded 4%. I refused and she killed the whole deal. Buyers were pissed they lost out on the house but I moved on and found another buyer.
Not allow the deal to happen and killed the deal? I'd like to hear the details on that one... The buying realtor has NO CHOICE in the matter especially in a FSBO scenario...

The advantage of FSBO'ing is you cut out the agent but you have to do the work yourself... the seller is the one who signs a listing agreement... the buyer can literally have 10 agents looking for them, and they don't HAVE to use ANY of them to make the purchase... even with FSBO if a buying agent brought you a buyer, you don't think they should be compensated?

OR you can pay the professional to do what you're not willing to do yourself... go out and find the buyer, which is the key to the whole purpose you're selling...

Last edited by KAP; 03-20-2019 at 09:38 AM.
KAP is offline  
Old 03-20-2019, 09:13 AM   #29
Pro
 
MarkJames's Avatar
 
Trade: Handyman Services
Join Date: Nov 2012
Location: Arlington, VA
Posts: 9,807
Rewards Points: 16,991

Re: Hell Yes!


Quote:
Originally Posted by KAP View Post
Not allow the deal to happen and killed the deal? The buying realtor has NO CHOICE in the matter especially in a FSBO scenario...

The advantage of FSBO'ing is you cut out the agent but you have to do the work yourself... the seller is the one who signs a listing agreement... the buyer can literally have 10 agents looking for them, and they don't HAVE to use ANY of them to make the purchase... even with FSBO if a buying brought you a buyer, you don't think they should be compensated?

OR you can pay the professional to do what you're not willing to do yourself... go out and find the buyer, which is the key to the whole purpose you're selling...
Except the buying realtor/agent may steer the potential buyer elsewhere by getting in their ear a bit. Talk the property down or whatever (privately), if they want to take their buyer elsewhere.
MarkJames is online now  
The Following User Says Thank You to MarkJames For This Useful Post:
Big Johnson (03-20-2019)
Old 03-20-2019, 09:20 AM   #30
Pro
 
hdavis's Avatar
 
Trade: remodeling
Join Date: Feb 2012
Location: CoastalME
Posts: 24,668
Rewards Points: 1,982

Re: Hell Yes!


Quote:
Originally Posted by MarkJames View Post
It's about time.

So, after arguing with seller about the list price, encouraged decluttering, clean-up, open house, MLS placement, what do the most successful seller agents actually do to sell the home? What differentiates the market leaders? Do they go find buyers to sell your house, or wait for the buyers to be brought to them after the listing?

Does changing an agent after 6 months or so actually do much, or is it more about the local market in general?
The highest level is networking with other agents and brokers about the listing. They shake the trees for buyers.

The number 1 problem with a slow sale is list price. Buyers agents and potential buyers look at new MLS listings regularly to see if there is a hot match they should jump on. After about 2 weeks, it rolls off people's radar a bit. List it too high, and it just gets screened out when agents and buyer's are looking for a hot prospect.

I remember one year in a smallish town there was only one sale and it was an exclusive listing. A serious downturn will force properties to sit, because there aren't buyer's.

Having a property sit some in a rising market can make up some to get a higher sake price, but if it's sitting empty there us money going out.

Philosophically, I make my money on the buy and never over leveraged, so I never had to squeeze pennies on the backend.
hdavis is online now  
The Following 2 Users Say Thank You to hdavis For This Useful Post:
KAP (03-20-2019), MarkJames (03-20-2019)
Old 03-20-2019, 09:24 AM   #31
Pro
 
KAP's Avatar
 
Trade: Custom
Join Date: Feb 2011
Posts: 11,661
Rewards Points: 36,904

Re: Hell Yes!


Quote:
Originally Posted by MarkJames View Post
Except the buying realtor/agent may steer the potential buyer elsewhere by getting in their ear a bit. Talk the property down or whatever (privately), if they want to take their buyer elsewhere.
Anythings possible, but it wouldn't surprise me if the buyers agent actually wanted to make money for bringing the FSBO'er a buyer... The horror...

But if the buying agent tried to negotiate a fee, simply do it via email or text... then there's a record... and if the buyer really wanted the house, any FSBO'er would be asking for contact information on the first contact anyway...
KAP is offline  
Old 03-20-2019, 09:31 AM   #32
Pro
 
hdavis's Avatar
 
Trade: remodeling
Join Date: Feb 2012
Location: CoastalME
Posts: 24,668
Rewards Points: 1,982

Re: Hell Yes!


The most successful listing agents know up front what the sale price is likely to be and know how much buyer's are negotiating prices down or up from list price. They get the list price right using that info.

I never jump through hoops about baking cookies and all that stuff. If it doesn't increase the appraisal value of the home or isn't a detractor for buyers, I'm not wasting my time. If the listing agent wants cookies baked, they can bring the dough over and throw it in the oven.

Open houses are best used to showcase to other agents, and if there is one, they should happen fast after listing.

Last edited by hdavis; 03-20-2019 at 09:35 AM.
hdavis is online now  
The Following 2 Users Say Thank You to hdavis For This Useful Post:
KAP (03-20-2019), MarkJames (03-20-2019)
Old 03-20-2019, 09:36 AM   #33
Pro
 
KAP's Avatar
 
Trade: Custom
Join Date: Feb 2011
Posts: 11,661
Rewards Points: 36,904

Re: Hell Yes!


Quote:
Originally Posted by hdavis View Post
The most successful listing agents know up front what the sale price is likely to be and know how much buyer's are negotiating prices down or up from list price. They get the list price right using that info.

I never jump through hoops about baking cookies and all that stuff. If it doesn't increase the appraisal value if the home or isn't a detractors for buyers, I'm not wasting my time. If the listing agent wants cookies baked, they can bring the dough over and throw it in the oven.

Open houses are best used to showcase to other agents, and if there is one, they should happen fast after listing.
I'm just waiting for the thread excoriating staging companies for providing their service... they make the house look nice for both the buyer and sellers benefit... but only one side pays...
KAP is offline  
Old 03-20-2019, 09:41 AM   #34
Pro
 
Mordekyle's Avatar
 
Join Date: May 2014
Posts: 2,629
Rewards Points: 5,580

Re: Hell Yes!


Quote:
Originally Posted by TimNJ View Post
Everything is negotiable.



Last two properties I bought, I didn't have my own "buyers" broker, I dealt directly with the sellers listing agent. I was looking at some property last week I found through "realtor.com" and they had some call center trying to push me to have another agent represent me.



I didn't need to have my own agent. I'm a big boy and can negotiate my own deals. If the seller wants to sell, they will sell is what I told them.


Sometimes the listing agent collects the commission of both sellers and buyers.

Even if you represent yourself, they still collect 6% from the seller. They just donít have to share with another agent.


Sent from my iPhone using Tapatalk
Mordekyle is online now  
The Following 2 Users Say Thank You to Mordekyle For This Useful Post:
Big Johnson (03-20-2019), hdavis (03-20-2019)
Old 03-20-2019, 09:43 AM   #35
Pro
 
hdavis's Avatar
 
Trade: remodeling
Join Date: Feb 2012
Location: CoastalME
Posts: 24,668
Rewards Points: 1,982

Re: Hell Yes!


Quote:
Originally Posted by MarkJames View Post
The sellers would mostly be distrustful and hesitant to fund the improvements.
Plus they don't really get compensated for their added risk.
hdavis is online now  
The Following User Says Thank You to hdavis For This Useful Post:
MarkJames (03-20-2019)
Old 03-20-2019, 09:48 AM   #36
Pro
 
hdavis's Avatar
 
Trade: remodeling
Join Date: Feb 2012
Location: CoastalME
Posts: 24,668
Rewards Points: 1,982

Re: Hell Yes!


Quote:
Originally Posted by KAP View Post
I'm just waiting for the thread excoriating staging companies for providing their service... they make the house look nice for both the buyer and sellers benefit... but only one side pays...
Staging has it's uses, and can be a big benefit to a seller. It can make sense out of an otherwise nonsensical floor plan and showcase the house..

Sellers can do this themselves.
hdavis is online now  
Old 03-20-2019, 09:49 AM   #37
Pro
 
CPMKW's Avatar
 
Trade: GC PM
Join Date: Apr 2014
Posts: 290
Rewards Points: 362

Re: Hell Yes!


Every buyer's agent contract I have seen includes a clause that if the seller won't pay their commission, then it is to be paid by the buyer. Happens a lot here when it is a FSBO.

I do find that buyer agents are reluctant to even show FSBO or flat rate homes to their buyers.

I did my real estate licensing courses without ever becoming a realtor. Just wanted the knowledge of their industry.

Sent from my SM-G930W8 using Tapatalk
CPMKW is offline  
The Following User Says Thank You to CPMKW For This Useful Post:
hdavis (03-20-2019)
Old 03-20-2019, 09:56 AM   #38
Repair/Remodeling Tech.
 
jproffer's Avatar
 
Trade: Repair and Remodeling Services
Join Date: Feb 2005
Location: Chester, IL
Posts: 1,595
Rewards Points: 180

Re: Hell Yes!


I did read the article....well skimmed

Anyhow, seems like if you don't like the price or the terms, don't use a agency.

Also think it's kind of ironic that lawyers are going after somebody ELSE for basically "charging too much".....gimme a break....
__________________
Jim P.
jproffer is offline  
The Following User Says Thank You to jproffer For This Useful Post:
KAP (03-20-2019)
Old 03-20-2019, 09:58 AM   #39
Pro
 
KAP's Avatar
 
Trade: Custom
Join Date: Feb 2011
Posts: 11,661
Rewards Points: 36,904

Re: Hell Yes!


Quote:
Originally Posted by hdavis View Post
Staging has it's uses, and can be a big benefit to a seller. It can make sense out of an otherwise nonsensical floor plan and showcase the house..

Sellers can do this themselves.
Of course sellers can do it themselves... but just like with the realtors 6%, they choose to pay a professional to get them to the end game... selling...

The argument could be made that improvements, staging, etc. increase the ask, thereby the buyer ends up paying for it...

The difference between the listing (selling) and buyer agent is they are contractually obligated to be paid as long as they have the listing, no matter who shows the house and who eventually buys... the buyers agent has increased risk... they can show DOZENS of houses in a month, with all the costs associated with doing that, and if they can't bring a buyer to the table, they get zilch...

It's why a lot of agents focus mostly on listings... easier payday, less risk...
KAP is offline  
The Following User Says Thank You to KAP For This Useful Post:
hdavis (03-20-2019)
Old 03-20-2019, 12:09 PM   #40
John the Builder
 
SmallTownGuy's Avatar
 
Trade: Carpenter/Builder Professional Painter
Join Date: Sep 2012
Location: Oxford, MI
Posts: 16,993
Rewards Points: 6,114

Re: Hell Yes!


Quote:
Originally Posted by bwiab View Post
I wish the lawyers that took on big tobacco would take on the lawyers...
Ouroboros

The alchemists, who in their own way knew more about the nature of the individuation process than we moderns do, expressed this paradox through the symbol of the Ouroboros, the snake that eats its own tail. The Ouroboros has been said to have a meaning of infinity or wholeness.

https://en.wikipedia.org/wiki/Ouroboros

Advertisement

__________________
All my Life loving Hippie friends turned into soul-sucking Conservatives - or died. Same difference.
"Mornin' ladies, my goodness don't you look happy. Must be cuttin' somebody up pretty good." - Andy Griffiths
SmallTownGuy is offline  


Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes Rate This Thread
Rate This Thread:

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Help Thinking outside the box here... CONCRETE HELL!! JeremyBCalnan Tools & Equipment 37 06-24-2014 10:33 PM
More Flat Roof Hell Lettusbee Roofing 15 07-25-2013 10:55 PM
Heater from hell SlumberJack HVAC 26 10-14-2012 05:26 AM
Where the hell is Mikes Plumbing? Jaws Off Topic (Non Trade) 15 08-22-2011 01:07 AM

Join Now... It's Fast and FREE!

I am a professional contractor
I am a DIY Homeowner
Drywall Talk is for
PROFESSIONAL CONTRACTORS ONLY!

At DrywallTalk.com we cater exlusivly to professional contractors who make their living as a contractor. Knowing that many homeowners and DIYers are looking for a community to call home, we've created www.DIYChatroom.com DIY Chatroom is full of helpful advices and perfect for DIY homeowners.

Redirecing in 10 seconds
No Thanks
terms of service

Already Have an Account?