Agents Online Real Estate Forums, Discussion, Realtors Marketing Tips

Follow AgentsOnline on Twitter

Click Here to display our logo on your site and link to us!
AgentsOnline Real Estate Discussion Forums Logo

Realtor CommunityA popular online real estate community since 1998!


Advertisements


Sponsored Links
Good Idea!
Realtors residuals

Advertisements
How To Advertise Here
How To Advertise Here

Sponsored Links
(Views)Popular Topics
I MAKE 100 COLD CALLS EVERY DAY & LOVE IT! 28229511
No new orders today 13098503
Stupid MLS comments. 3274317
What do you know about Froy Candelario, top agent in USA 1187290
Stupid QC comments and BPO requirements. 1059410
New HUD Listing Brokers---Any Update? 1026180
Is there religious content in Buffini class? 821237
Let's talk about our cars 669338
Name that Flick. Great movie Lines. 601740
Pay it Forward - BPO/REO Tips & Tricks I & II 590639
Most common items found at an REO 572990
EML 459230
REOTRANS 439590
Main Street 418338
asset val seminar in colorado 406555
assist 2 sell or 1 percent realty? 339886
HOMONYMS - There, Their, and They're 306063
Evalonline 300083
Land America 285050
Mainstreet 261859
Matched Content
Topic Options
Rate This Topic
#455113 - 10/25/16 05:09 AM What is up with these idiot agents listing w/ 2% buyer comps?
ibsellin Offline
Member

Registered: 08/19/11
Posts: 378
Loc: USA
Honestly I almost never ever see a buyer agent comp under 2.5% unless maybe it's $2M+ the people get stingy and try to go with 2 or 2.25%.

In my area $300-500k is the average sales price depending on county and lately a lot of <$175k properties listed with 2% buyer comps have been popping up? What are these agents stupid? You think anyone is going to help you sell your <$175k property at 2%?

Don't be a fool and if you have to list it at under 5% you take the hit on whatever it was under 5% on the listing side or we ain't going to help you.

Top
Advertisements
#455121 - 10/25/16 09:01 AM Re: What is up with these idiot agents listing w/ 2% buyer comps? [Re: ibsellin]
JohnN Offline
Member

Registered: 11/21/13
Posts: 226
Loc: Minnesota
Let's be honest, if your buyer asks to see the property what are you going to say.. No!

Top
#455125 - 10/25/16 02:03 PM Re: What is up with these idiot agents listing w/ 2% buyer comps? [Re: ibsellin]
David Hunter Offline
Major Contributor

Registered: 09/27/05
Posts: 1619
Loc: Cleveland, Ohio
John, I'm sure a lot of agents who need to feed their families will come up with something to keep their buyers from buying the house. Offering a low buyer comp is doing a disservice to the seller. We always split it 50/50.
_________________________
David Hunter | Retired RE Agent |Direct-Response Marketer
www.DukeOfMarketing.com/7-Real-Estate-Marketing-Strategies/
www.TheSaviorsMinistry.org


Top
#455148 - 10/26/16 11:31 AM Re: What is up with these idiot agents listing w/ 2% buyer comps? [Re: David Hunter]
JohnN Offline
Member

Registered: 11/21/13
Posts: 226
Loc: Minnesota
Hi Dave,
I don't disagree other then I work with some investors and have handled a few auction properties. I'm currently waiting to close a Hudson & Marshall property with a 1.5% commission.
It's not common in MN to do a 50/50 split. It's usually 2.7 to the buyer's rep and 2.8-3.3 to the listing agent. (2.7% is or brokerage minimum).

Top
#455158 - 10/26/16 03:03 PM Re: What is up with these idiot agents listing w/ 2% buyer comps? [Re: ibsellin]
Tex Offline
Member

Registered: 02/11/14
Posts: 208
Loc: TX
We are starting to see one once in a while as well. The sellers should know that Realtors will show their home last.
_________________________

Top






Google Custom Forum Search

This Google Custom search may do a better job of searching the forums for some keywords than the old forum search does. The results do not include threads from the Asset Managers Forum however. To search that forum you will need to be actually in the Asset Managers Forum and you will need to use the old forum search below.
Search

Newest Members
Hailey, punyabhoomi, joesellsre, SAJU, David Turner
29751 Registered Users
Who's Online
7 registered (NextStep, Danny1, estatereal, Heather D, Jim Erickson, Brad), 51 Guests and 4 Spiders online.
Key: Admin, Global Mod, Mod
Shout Box

Top Posters (30 Days)
estatereal 25
Mr. Clean 23
Midlands BPO Guy 18
Trouble 18
Vermont 18
Lucky Leonardo 16
Z06Fanatic 15
Danny1 13
RonnieEmz 12
gitmonee 6
Analog Man 5
RE123 5
Bigtoe 5
David Hunter 5
txgal 5
Featured Member
Registered: 04/12/08
Posts: 7676
Facebook

How To Advertise Here


This site presented by RNC Internet Services