Agent Smith - Posted by tray giddens, Houston
Posted by tray giddens, Houston on October 19, 2003 at 06:50:52:
Agent Smith , that’s pretty funny…Mr. Anderson, i agree, agent smith is looking at the bottom of the mls sheet for commissions numbers… he’s also looking at the comments to see if they say to contact the homowner directly…
there is also a little matter of the labor involved and who is responsible for following up to make sure the inevitable problems get dealt with…is your flat fee lister going to spend hours handling a divorcing couple delicately to get your deal closed?
i wouldn’t , i’ve got my money and i’m out marketing for more listings that i don’t have to worry about.
as an investor, you want the realtor to find you properties at 65% ltv, then when you buy it, you want the realtor to flat fee list it for chump change or slash his commission??? Guess what , who gets that next sweet deal?
time is valuable…if you are taking up my time to make money you are going to be charged and you should be willing to pay… if you want me to take your money up front and care not a lick about your property selling , i’ll do that too. if you want me to tell you how to find properties and submit offers directly, i’ll do that…i’ll do as little or as much as you want me to do as long as i think i’m going to be appropriately compensated for my time and effort.
you can have it the jack in the box way with pickles on top every time or you can have something nicer, custom taylored for your appetite.
but put all that aside,i get emotional about it every time i get into commission cutting…
it costs money to maintian the giant system that facilitates the marketing and selling of real property… you have the MLS , the Supra Key’s, the scheduling services the data entry…and every one wants it but nobody wants to pay for it…read the posts on here, “where can i get free or cheap ______?”
if you look at this like a business, consider the commissions fee for services…realtors, appraisers, businesses and investors all use the mls and we all pay the fee’s…if you got a beef with paying a realtor an “unjustified” fee, just think to yourself that it’s your contribution to making your job as an investor easier by maintining the data infrastructure the appraiser will use to get you full value for your next deal.
in business, i think it pays to be frugal , but you can’t afford to be cheap…
think to yourself, would you want to be the waiter at a restaraunt for someone like you?
Tray Giddens, Realtor