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

To: TheStockFairy who wrote (77930)	5/21/2007 2:45:18 PM
From: damainman	Read Replies (1) \| Respond to of 306849

Now there's an idea! Offer 7% in the beginning and then when a lowball comes in, tell the agents if they wanna eat they're going to have to redo the commission rate! Dirty pool can go both ways I guess.

To: TheStockFairy who wrote (77930)	5/21/2007 4:31:42 PM
From: Tradelite	Read Replies (1) \| Respond to of 306849

<<I had my realtor refund me $500 of their fee because I wasn't going to accept a "lowball" offer unless she forked over some >> Would be curious to know what rate of commission you were initially going to pay and what percent of that equaled $500. $500 (at least in my part of the country) is chump change and a small concession for any agent to make in the interests of finalizing a deal. I used to work for a firm that started tacking on a $249 "administrative fee" to the regular commission and set a policy that the agent would have it subjected from his commission anyway, if the seller balked at paying it. If I could get the seller to pay that $249, I'd gladly give back $500. I'd simply make the other half up some other way, such as NOT paying for a home warranty. I don't think sellers realize that just about all agents give back some money to the buyer or seller in some way, up to and including paying for a home repair, or a pre-sale housecleaning, etc. There are a million ways to throw in some money to help out the deal, but if someone wants to argue over my fee up front before the work has even begun, they better not count on any favors later--and later is when they will really want and need the help.