Talk of The Villages Florida - Rentals, Entertainment & More
Talk of The Villages Florida - Rentals, Entertainment & More
#31
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I have found this thread very interesting. I have been a realtor for 27 years. I have always provided excellent service. I make sure as a listing agent that the home is listed properly, meaning that all the laws are followed and all the information is correct. I have insurance that I pay for that insures if I make a mistake that it is on me, not the seller. Many pitfalls that can be fallen into in Florida. Insurance issues, flood zones, sink holes, cdd, housing for 55+. etc. I also believe after 27 years, I know what photos are going to attract a buyer looking at an internet photo in Michigan is going to see and like, and is going to put your house on their list to see. I also believe that working with and compensating a buyers agent is a good thing. I am a great negotiator, when you have multiple offers I am able to professionally guide you through the contracts and help you accept a contract for the best price and one that will make it to the closing table. When you get one contract, I will be able to help you negotiate for your best interest. I know lending, inspections and how to negotiate repairs. I have many people you can rely on to help you get your house ready and to make any necessary negotiated repairs. I do believe many agents may not be doing everything they should be and they may not make it in this new environment. I believe people will still see my value. As a buyers agent, navigating loans, repairs, a different climate, area, insurance, cdd, taxes there are many confusing new things are all my job to help you with. Opening a door is just the beginning. Maybe I am wrong. I can tell you my job is a full time endeavor and each sale is different. I still run in to unique circumstances every week. Makes me believe a novice may not be doing much right. Good luck all. I’m not worried. I believe I am worth my commission.
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#32
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Pricing, preparing, staging, marketing, understanding offers and which are good. That includes knowing fha/va requirements, checking proof of funds, understanding appraisal issues. Negotiating. Making sure dates are met for contracts. Remember you are paying for experience as well as time.
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#33
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Not to mention the thousands of dollars spent a year advertising promoting our clients homes getting them the best money,deals conditions available. Not to mention vetting want to be buyers with sketchy credit, flimsy lender, letters, and bad deals being written to purchase our clients homes. 90% of a sellers agent Work starts once a contract is presented If you think it’s so easy, get your license and give it a try I’m sure your opinion will change. |
#34
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Your post is absolutely not the correct information regarding the real estate proposed changes.. It’s obvious you’re not a licensed Florida real estate agent. The commission has always been negotiable. The only thing this agreement is doing is to make it clear of who gets paid how much. Also, it will protect the buyer’s agent to make sure they are being paid for the transaction. If you think the listing agent only enters the listing and that’s all they do, I would love for you to shadow a productive REALTOR one week! Overall the successful REALTORS will make more money because they will be able to show Customers their value. If you have any questions about the agreement, feel free to private message me. Yes I am a licensed Florida real estate agent here.
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#35
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Obviously this person has no idea what a real estate agent does. There is more than simply putting a home owners home in the MLS and having open houses. It is people like this that cause lot of problems for everyone in our industry to have problems because all of a sudden they think they are experts in everything going on and yet they know nothing. Leave the real estate agents to do there job, just like an accountant knows his job and doctors know there jobs. Would you take your car to a dentist for repairs or your boat to a barber shop to be fixed? Well this is the same and taking information on a site like this from some one who knows nothing about what a professional real estate agent does or spends money on to get your home sold is the same thing!
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#36
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#37
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#38
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#39
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Well it’s really simple, the selling buyers agent needs to get a commission agreement from any buyer, and include a “fee”
I don’t see anyone wanting to pay a fee to an agent. Now what I do see is companies like Zillow taking over the market of selling homes and marketing themselves to buyers agents who will show homes for a fee they dictate. I predicted this would happen years ago. Altisource back in the last recession had a selling site and a closing company plus it used in-house contracts electronically. All I see is that expanding.. no one will take buyers out for nothing. |
#40
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Second you just described many jobs in America some of which put their lives on the line Last edited by rustyp; 04-03-2024 at 11:03 AM. |
#41
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#42
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They take care of all the paper work, list on all the main property selling sites, will send a photographer, and do all the deed work. Cost about $1200 to £2500 according to property. Seller shows buyers round, in most cases. Before legislation, the main online property search sites were exclusive to Estate Agents, which made self sell near impossible. Now those sites are open to all. Estate agents are all negotiable on fee. I have never paid more than 1%. Over 2%, unless a large property, you are getting ripped off. They handle listing, photos, showing buyers round, and most have an in house or local solicitor (lawyer) to handle the deed transfer and money for closing deal. Somewhere between $650 and $1500 as a rough estimate extra for legal work. Never heard of, or known, anyone to use a buying agent. Buyers basically look online, see something they like, call the seller's agent, and book a viewing. Another system gaining popularity, at least where I live, is "offers over £££££££££" then sealed bids on a closing sale date. These are usually 'doer uppers' or quick probate sales. Bad properties, those very hard to shift, and near derelicts usually finish at auction. Last edited by Two Bills; 04-03-2024 at 11:05 AM. |
#43
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You all don’t seem to understand who gets what as far as the commission goes:
Let’s just use a sale of $100,000. For a 6% commission that would be $6000 Let’s even assume that the split between brokers is even. So both sides receive 3%=$3000. Seller’s broker gets the $3k and then has an agreed upon split with the listing agent and we wi say 50% so the agent then gets $1500 and their broker gets $1500. The same happens on the buyer representation side. So if the splits are all even, (which in most cases it isn’t), the real estate agent is splitting any commission they receive 4 ways. And they still have to pay percentages to lead creating companies such as Zillow and many others. So out of $6k, the agent may get to keep about $800. |
#44
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#45
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For the ill informed or rookies in the stock market, they still pay loaded funds and high expense funds, this hasn’t changed.
Same goes for the real estate sector. The main objective of the listing agent is to list your home, sit around while someone else sells your home, all while your listing realtor makes 2.5-3% I sold my last 2 houses by putting them on the subdivisions web page. The house before here, I got 6 calls within a couple of hours wanting to see the house. Friends of residents bought the house, and it was very easy to do. You need to get a couple of forms from a lawyer on the contract, and then the disclosure form. Then you close with a lawyer of yours or your buyers. With talk of the villages app, Nextdoor, Facebook marketplace, I would think it would be easy. Also placing your house on nyc/LA/San Francisco Facebook marketplace pages. |
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