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Hi,
Sorry for coming on a bit strong, but I genuinely belive this might help you
understand one of the key components in your success. Remember, the most
successful people don't do everything themselves. They are good at picking
their team. If you believe real estate is a place to secure your future then
your Realtor might be the most important choice you can make.
If saving $50K were as easy as finding a buyer then you would be right,
there would be no need to pay brokers. For some reason, even with all of the
comission pressure brought on by sub-standard agents the real estate
brokerage business model is stronger than ever.
On average 82% of FSBOs fail to sell. If the FSBO gets into escrow, they
take about three times longer to do so, they are four times less likely to
close and six times more likely to suffer litigation. Of those who close
escrow, their net proceeds will average 5 to 12% less and about 90% would
not do it again.
To your credit, the "glorified chauffer" you refer to represents about 90 to
95% of the real estate agent community. Some are inexperienced, while others
are rookies year after year. However, there are those of us who can, in your
manner of speaking, "chauffer" you in an airplane, on a dark stormy icy
foggy night, avoid traffic and hazards, prevent and solve malfunction,
navigate, communicate, delegate and observe a schedule, all without spilling
your drink. If there is any glory in that, it would be simply that the
client arrived at their destination in a safe and timely manner. Care to
give the pilots seat a go?
Though our job is to make it look easy, its not! There is no basic
transaction anymore. Modern transactions are deceptive because of the myriad
of issues they present and they demand an experienced professional to
deliver them in a safe and timely manner (all without spilling your drink).
A professional broker has no shortage of savvy and successful clients eager
to enlist their services. The question is can you find the right broker?
The following is an excerpt from my personal brochure, I hope this helps you
to be more successful:
In the past, agents controlled access to real estate information and deals
were relatively simple. Many agents were able to get away with average
service and many buyers and sellers (justifiably) felt agents were making
easy money.
In today's market with public access to real estate information via the
internet, agents no longer control information. However, the complex and
detailed nature of a modern transaction demands a much higher standard of
client representation.
Today's market places much greater emphasis on agent skill level and
professionalism than ever before. The standards by which the most capable
agents are judged are: Integrity, experience and results. Market, process
and financing knowledge. Marketing, negotiation and accounting skills.
Closing coordination and risk reduction ability.
By aligning yourself with the right real estate professional you will have
an entire team at your disposal.
Do you deserve these qualities when hiring your agent?
Ken Ward, Broker, REALTOR, ABR, GRI, Licensing Instructor
RE/MAX Realty Group, Ashland OR
"Steve" <tm4525@aol.com> wrote in message
news:1119808773.608496.170020@g43g2000cwa.googlegroups.com...
> If you have a mediocre or hard to sell property you may need to hire an
> agent. But if you have a sought-after property you shouldn't need to.
> FSBO isn't worth anything, and you do not need them.
>
> 1) put up a web page with complete info and photos of every room and
> amenity
> 2) put an ad in the paper with the web address
> 3) list the property at 4-5% below market (agent-market that is)
> 4) Give it a month or 2
>
> Think of your advantage if you can knock off $50K from the house next
> door and still walk away with the same or more money? At the high end,
> you can assume that anyone with that kind of money is reasonable
> internet savvy. Or at least they have a kid who is.
>
> Signing an agreement with a broker is totally foolish. Remember that if
> you find a FSBO on your own, you have a bargaining position that you
> do not have with a broker. If its a hot property you're going to pay
> market or close anyway. But if the seller doesn't have to pay the
> broker,and you are ready to buy, cash-in-hand, you can get a piece of
> that 4-6% overhead yourself. It costs money for every month the seller
> doesn't sell without a broker for advertising, carrying costs, etc, so
> if you can buy quickly you can get a bargain.
>
> Unless of course you're willing to pay $50K for a glorified chauffer.
>
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Your team
