Today I was surfing ActiveRain and saw this discussion on Real Estate listing rates and wanted to share it with Huliq readers. Rob Thomas, a real estate agent from Bristol, TN is asking fellow realtors if they ever list a property with a higher than customary commission rate in order to attract attention from all area agents.Here is what responding agents say about this.
Last Spring I took a listing owned by a friend of a friend. The house was in the next town over where I've done a lot of business over the years. The problem as presented? It was a sixties front-to-back split that while having had updates in 50 years of ownership needed everything or to be torn down. The location was superb, the grounds just beautiful but the house - "not so much."
When people sell their homes they have two approaches when it comes to house problems. They can either fix up their home before selling or discount the property the cost of the work to be done. Which is a better tactic?
Several weeks ago ago I had the worst appraisal ever, coming back $40,000 under the offer to purchase. Questioning my abilities to accurately value homes, as well as the listing agents, I was just dumbfounded. I did the research, studied the comparables, and felt totally comfortable with the price my clients had offered. When the appraisal came back $40,000 under the offered price, I was stunned. How could I have gotten things so wrong?
So what does it mean to be a Certified Military Residential Specialist? I saw the continuing education class listed, and wondered how that could help me in my real estate career. Would it make me understand VA loans better? Would it make me able to answer military families relocation questions better? How would it make me a better agent?
There was a time I had seven closings in two weeks. It is what I and probably every agent dreams of in real estate business. What we don't dream of is closing delays. 5 out of the 7 closings have been delayed. Why, and what can we do differently to stop this from happening?