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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Tradelite who wrote (6710)	11/13/2002 11:33:05 AM
From: MulhollandDrive	Read Replies (2) \| Respond to of 306849

>>In many respects, people who think they're negotiating commissions are actually negotiating the level of service they expect to receive--at least in my part of the country. << how quaint. wonder where you live? where i live the agent got paid, i got paid, the buyer got the property. sounds like a win/win/win situation to me. and all for a discounted fee. go figure.

To: Tradelite who wrote (6710)	11/13/2002 11:35:49 AM
From: bobby is sleepless in seattle	Respond to of 306849

top producing agents come from small and larger firms. It depends on what works best for them. Also, the top producing agents tend to be the ones calling the sellers. The seller that calls the agent happens to be frosting on the cake. Limited services arrangements (flat fee plus negotiate directly with seller) are frowned upon in my area by agents, and top producing agents will not make the type of money with this business model. One can make a decent living provided they are active with buyers, but certainly nowhere near a full services broker. Interesting that the mentality of sellers have bought into this branding. Have you ever met a buyer who's interested in buying a home because of a particular sign in front of it? Selling a home is a simple as timing, condition, and pricing...IMO, the rest is fluff, provided the seller is involved with multiple, and an agent with solid credentials. And there are a ton of agents who would prefer to work with buyers only, therefore, a big name company is not important. Because commissions are typically cut on the listing side, not buyer's side, what's important to these agents happens to be minimizing upfront costs charged by larger firms. All in all, each seller has its own criteria. I happen to believe that commission savings in general is not the number one priority for selection of brokerage firm. It happens to be level of service rendered and the opportunity cost,,,the tradeoffs involved.

To: Tradelite who wrote (6710)	11/13/2002 2:01:28 PM
From: Jim McMannis	Read Replies (3) \| Respond to of 306849

RE:"Trouble is, the firms that use this business model never seem to get much business or market share where I live" They are doing exceptionally well here. Seems to be the trend. The idea that you need a large real estate company at 6% to sell your house is a bunch of.... The internet and MLS are where most people look. For some strange reason the good deals get ferreted out, regardless. Since there is no set commission I don't even like the name discounter. On top of that FSBOs seem to be on the rise here too. People seem to be getting wise to the fact they can sell it on their own or at least get a break on the commission and FULL service to boot. Jim