Posted by Hank on July 13, 2002 at 18:46:38:
I see what you mean.
I suppose the reason I’m p_ssed is because I just found out about this a few hours ago. I should just take a coupl’a minutes over the next week or so with a few influencial people and puree this guys gonads.
The realtor is a degenerate because the house went to auction. They couldn’t sell it in time. What a surprise. And, perhaps more importantly, it was my house that went to auction. Title transfers when the deed is delivered.
That and a nickle, I know, will get me a cup of coffee. We didn’t record the deed right away because, well, things are more flexable when that can be held off for a little bit.
I’ve gotta couple’a other reasons why I don’t like realtors. They will say anything to get listings. I will not say the things let’s say, I used to say to get accounts when I sold stock. That’s what I like about this biz. I just talk to people. Tell 'em what I think w/very little BS. Three times in the last month I told sellers that called me that they didn’t need me. Told them to sell FSBO.
How many realtors would ever say such a thing?
Oh yeah, the other day I gotta call about this house that is 3 to 4 times the size of the other houses (mostly rentals)in the area. House will be at auction in 2 months.
So the seller tells me that the guys with the yellow jackets came down and made their pitch to get the listing the other day. They told him the price per square foot gobblygook.
“Well Mr. Jones, the houses in this neighborhood are selling at an average price per square foot of _. Now let’s multiply your 3000 square feet by ____ and we’ll have the CMA of your house. We’ll lower it by $ for a quick sale. Sign here and let us go to bat for you.”
These degenerates came up with a figure of 170k. Take off 100k, and that’s what the houses are selling for in the area. Ahhh, but that 145k list price will have those buyers lined up around the corner.
145k - 7% commission (10k) - closing costs (6k) - buyers discount (5k) and guess what? 125k is about what the seller owe. Isn’t that great how that worked out?