UrbanBaby - i don't know why realtors exist. craigs ...

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i don't know why realtors exist. craigs list will hopefully take over everything soon.
43 replies
- Toddler
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04.22.08, 01:58 PM [ Flag ]
- 6% commissions are excessive. It seems like lower priced options should be able to compete this away.
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  04.22.08, 01:59 PM [ Flag | link to this post ]
  - as is 13% of annual rent!!!
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    04.22.08, 02:00 PM [ Flag | link to this post ]
    - Wow, that's aweful.
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      04.22.08, 02:01 PM [ Flag | link to this post ]
      - ^^sorry, awful.
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        04.22.08, 02:03 PM [ Flag | link to this post ]
      - np: if you think about it, it sort of is awe full
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        04.22.08, 02:09 PM [ Flag | link to this post ]
- I wish more owners would post there instead of going to realtors.
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  04.22.08, 02:00 PM [ Flag | link to this post ]
- i think this way to a point. i really can't wait to hand this over to the agent later this week (i have no energy for showings, open houses, etc.)
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  04.22.08, 02:01 PM [ Flag | link to this post ]
- ok realtor here, tell me what a reverse contingent is, how about concessions? seller, tell me about the home inspection, when can you back out of it? tell me about addendums to contracts and what is a pdc?
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  04.22.08, 02:01 PM [ Flag | link to this post ]
  - i think the lawyer can take care of these if they're important.
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    04.22.08, 02:02 PM [ Flag | link to this post ]
  - I'll discuss it with my lawyer. I dont need you.
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    04.22.08, 02:02 PM [ Flag | link to this post ]
  - In my state, you need a lawyer for this stuff anyway. Why pay twice. There are cheaper ways to get buyers. I'd rather have a lawyer handling the legal issues than someone with a realtor license.
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    04.22.08, 02:02 PM [ Flag | link to this post ]
    - ok, good for you, but the buyer takes the contract to you..you need to be ready to answer these questions
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      04.22.08, 02:03 PM [ Flag | link to this post ]
      - At which point I will consult my lawyer.
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        04.22.08, 02:04 PM [ Flag | link to this post ]
        
        good luck on him or her calling you back
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        04.22.08, 02:04 PM [ Flag | link to this post ]
        
        np: this is silly.
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        04.22.08, 02:05 PM [ Flag | link to this post ]
        
        Realtor = Expert of Nothing
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        04.22.08, 02:05 PM [ Flag | link to this post ]
        
        LOL, now lawyers are less likely to call you back than a realtor.
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        04.22.08, 02:05 PM [ Flag | link to this post ]
        
        my point exactly...........
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        04.22.08, 02:05 PM [ Flag | link to this post ]
        
        as if realtors are better : P
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        04.22.08, 02:06 PM [ Flag | link to this post ]
        
        i am, i wish i worked in nyc, you guys have shitty realtors
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        04.22.08, 02:07 PM [ Flag | link to this post ]
        
        Not all of us have shysters. My lawyer calls me back because I pay him to. Your days are numbered, toots. Enjoy those commissions while you can.
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        04.22.08, 02:06 PM [ Flag | link to this post ]
        
        you have no idea.........
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        04.22.08, 02:06 PM [ Flag | link to this post ]
        
        The internet is a marvelous thing. Someday our kids will gasp at the knowledge that we once paid some overblown sleazeball a huge commission just for hanging onto some keys and showing people houses. lol
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        04.22.08, 02:11 PM [ Flag | link to this post ]
        
        LOL
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        04.22.08, 02:12 PM [ Flag | link to this post ]
      - np: i'm with you to a point, but not this. you deliver the contract to the lawyer. i do wish the commission was less. it is excessive, and is esp so in markets like this.
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        04.22.08, 02:04 PM [ Flag | link to this post ]
        
        what do you think we do prior to delivering the contract???? nothing
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        04.22.08, 02:06 PM [ Flag | link to this post ]
        
        Nothing that would amount to 6% worth of the sales price.
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        04.22.08, 02:07 PM [ Flag | link to this post ]
        
        its not 6%, its 3% per realtor, who gets 6% unless they represent both
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        04.22.08, 02:08 PM [ Flag | link to this post ]
        
        It amounts to 6% to the seller and that's a lot of $$.
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        04.22.08, 02:08 PM [ Flag | link to this post ]
        
        np: but you have to realize it is 6% total to the seller and that hurts a lot sometimes. i don't care how its split. its still more money than i think is fair.
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        04.22.08, 02:09 PM [ Flag | link to this post ]
        
        np: And more money than can be saved by doing it yourself together with a lawyer.
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        04.22.08, 02:10 PM [ Flag | link to this post ]
        
        well, i don't have the time. so, my point is, i am happy to pay a commission (and am stuck doing it now), but i think it should be 3% total (split however the hell it needs to be split). max.
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        04.22.08, 02:12 PM [ Flag | link to this post ]
        
        bs - do your research and its not that complicated.
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        04.22.08, 02:14 PM [ Flag | link to this post ]
        
        i posted above abt being very excited not to have to do showings (and very happy to pay). BUT, 6% is a shitload of money. shitload. we are selling our place and will prob sell for below what we bought. then we have to dish out (of our pockets) $50k? come on. no way you can say that is worth it. our place will probably sell within a month.
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        04.22.08, 02:08 PM [ Flag | link to this post ]
        
        the homes I sell arent that much money - i am in wny, so they usually run between 150-200k
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        04.22.08, 02:09 PM [ Flag | link to this post ]
        
        np: 6% is still 6%.
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        04.22.08, 02:09 PM [ Flag | link to this post ]
        
        ok, but that isn't really the point. those sellers are more strapped, then, and its felt the same.
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        04.22.08, 02:10 PM [ Flag | link to this post ]
  - i never heard about a big disaster happening with a house and someone saying "thank god my realtor warned me about this"
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    04.22.08, 02:06 PM [ Flag | link to this post ]
    - ^^^i meant nearly happening
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      04.22.08, 02:06 PM [ Flag | link to this post ]
  - sorry, but we dont need you for those things. you're not knowledged in those regards are much as my lawyer is anyways. wouldnt trust your answer to begin with.
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    04.22.08, 02:07 PM [ Flag | link to this post ]
    - lol ita
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      04.22.08, 02:18 PM [ Flag | link to this post ]
  - I don't know those things now. But if I were to sell a house, I would research it. They sell whole packets of necessary forms, and information is everywhere.
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    04.22.08, 02:19 PM [ Flag | link to this post ]
    - The internet has all the market comps you could ever need. The realty profession is dead as disco.
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      04.22.08, 02:20 PM [ Flag | link to this post ]

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Posted June 5, 2008 (50 replies)

i don't know why realtors exist. craigs list will hopefully take over everything soon.

6% commissions are excessive. It seems like lower priced options should be able to compete this away.

as is 13% of annual rent!!!

Wow, that's aweful.

^^sorry, awful.

np: if you think about it, it sort of is awe full

I wish more owners would post there instead of going to realtors.

i think this way to a point. i really can't wait to hand this over to the agent later this week (i have no energy for showings, open houses, etc.)

ok realtor here, tell me what a reverse contingent is, how about concessions? seller, tell me about the home inspection, when can you back out of it? tell me about addendums to contracts and what is a pdc?

i think the lawyer can take care of these if they're important.

I'll discuss it with my lawyer. I dont need you.

In my state, you need a lawyer for this stuff anyway. Why pay twice. There are cheaper ways to get buyers. I'd rather have a lawyer handling the legal issues than someone with a realtor license.

ok, good for you, but the buyer takes the contract to you..you need to be ready to answer these questions

At which point I will consult my lawyer.

good luck on him or her calling you back

np: this is silly.

Realtor = Expert of Nothing

LOL, now lawyers are less likely to call you back than a realtor.

my point exactly...........

as if realtors are better : P

i am, i wish i worked in nyc, you guys have shitty realtors

Not all of us have shysters. My lawyer calls me back because I pay him to. Your days are numbered, toots. Enjoy those commissions while you can.

you have no idea.........

The internet is a marvelous thing. Someday our kids will gasp at the knowledge that we once paid some overblown sleazeball a huge commission just for hanging onto some keys and showing people houses. lol

LOL

np: i'm with you to a point, but not this. you deliver the contract to the lawyer. i do wish the commission was less. it is excessive, and is esp so in markets like this.

what do you think we do prior to delivering the contract???? nothing

Nothing that would amount to 6% worth of the sales price.

its not 6%, its 3% per realtor, who gets 6% unless they represent both

It amounts to 6% to the seller and that's a lot of $$.

np: but you have to realize it is 6% total to the seller and that hurts a lot sometimes. i don't care how its split. its still more money than i think is fair.

np: And more money than can be saved by doing it yourself together with a lawyer.

well, i don't have the time. so, my point is, i am happy to pay a commission (and am stuck doing it now), but i think it should be 3% total (split however the hell it needs to be split). max.

bs - do your research and its not that complicated.

the homes I sell arent that much money - i am in wny, so they usually run between 150-200k

np: 6% is still 6%.

ok, but that isn't really the point. those sellers are more strapped, then, and its felt the same.

i never heard about a big disaster happening with a house and someone saying "thank god my realtor warned me about this"

^^^i meant nearly happening

sorry, but we dont need you for those things. you're not knowledged in those regards are much as my lawyer is anyways. wouldnt trust your answer to begin with.

lol ita

I don't know those things now. But if I were to sell a house, I would research it. They sell whole packets of necessary forms, and information is everywhere.

The internet has all the market comps you could ever need. The realty profession is dead as disco.

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