|
Off-Topic Lounge [WARNING: NO POLITICS] For all off-topic discussion topics. |
|
Thread Tools | Search this Thread |
02-18-2020, 06:35 AM | #15 | ||
Only happy when it rains.
Join Date: Feb 2013
Drives: series.blue
Location: Harnett county NC
Posts: 1,995
Thanks: 5,698
Thanked 1,263 Times in 749 Posts
Mentioned: 25 Post(s)
Tagged: 0 Thread(s)
|
Quote:
Both can be useful. And no they won't always find something if nothing is wrong. And they would be liable if they missed something huge. It depends on the location. Where I live, many houses have massive foundation issues, because basements are not common and the ground can easily be shift and crack the foundation and the house. Sometimes these issues cannot be seen by normal people. No one in their right mind would buy a house in this market without paying someone to make sure the house is sound. Quote:
The work they do is not the same. Just like anything else, the more something is worth the more little extras are needed to get people to be interested. Someone selling million dollar plus mansions is going to treat everyone far differently than someone selling starter homes. Open houses are going to be totally different. The staging and presentation of your house will be totally different. The realtor's clientele will be totally different. It's the exact same thing as if you were going to buy a Bentley compared to walking into a Toyota dealership. Totally different experience in most ways. |
||
02-18-2020, 07:19 AM | #16 | |
The guy w/o an FRS or BRZ
Join Date: Sep 2019
Drives: '23 GR86 Premium 6MT Halo White
Location: Planet Erf
Posts: 446
Thanks: 276
Thanked 399 Times in 215 Posts
Mentioned: 1 Post(s)
Tagged: 0 Thread(s)
|
Quote:
If you can swing it, family/friends/friends of friends are easy potential customers. Free advertising. |
|
The Following User Says Thank You to ROFL it's Waffle For This Useful Post: | JoeC (02-18-2020) |
02-18-2020, 01:14 PM | #17 | |
Senior Member
Join Date: Apr 2014
Drives: Subaru BRZ Limited
Location: Colorado
Posts: 354
Thanks: 477
Thanked 222 Times in 118 Posts
Mentioned: 5 Post(s)
Tagged: 0 Thread(s)
|
Quote:
|
|
The Following User Says Thank You to JoeC For This Useful Post: | humfrz (02-18-2020) |
02-18-2020, 01:26 PM | #18 |
Undisputed El Presidente
Join Date: Jun 2012
Drives: Zenki 37J ZN6
Location: Stockton, CA
Posts: 11,573
Thanks: 9,383
Thanked 9,399 Times in 5,262 Posts
Mentioned: 374 Post(s)
Tagged: 33 Thread(s)
|
You presume a lot of things. Say the buyer doesn't transfer utilities and you have unpaid bills now and debt collectors calling. Things like issues/defects you assume are buyers responsibility, maybe they are maybe they aren't. They could claim that by not giving them a property disclosure you knowingly withheld critical issues. There are many legal unknowns to people who don't specialize in things and even if you are correct that doesn't mean people can't try and sue you for it. Having a licensed professional helps limit liability imo.
|
The Following 3 Users Say Thank You to finch1750 For This Useful Post: |
02-18-2020, 01:39 PM | #19 | |
Senior Member
Join Date: Jul 2014
Drives: 2020 Hakone
Location: London, Ont
Posts: 69,845
Thanks: 61,656
Thanked 108,289 Times in 46,456 Posts
Mentioned: 2497 Post(s)
Tagged: 50 Thread(s)
|
Quote:
Most (if not all) of your "that is their problem" notes could very, very quickly turn into your problem if they find an issue and you haven't covered your ass appropriately. It isn't like you are selling a used X box!
__________________
Racecar spelled backwards is Racecar, because Racecar.
|
|
The Following 3 Users Say Thank You to Tcoat For This Useful Post: |
02-18-2020, 03:04 PM | #20 |
Senior Member
Join Date: Jan 2018
Drives: Crapcan
Location: Oregon
Posts: 11,265
Thanks: 18,364
Thanked 16,460 Times in 7,451 Posts
Mentioned: 109 Post(s)
Tagged: 0 Thread(s)
|
A lot of the detail that @humfrz pointed out are usually required for the bank to loan the money to the buyer. So if you accept the offer it does become your problem.
__________________
"Experience is the hardest kind of teacher. It gives you the test first and the lesson afterward." -Oscar Wilde.
|
02-18-2020, 03:14 PM | #21 | |
Because compromise ®
Join Date: Jan 2012
Drives: Red Herring
Location: australia
Posts: 7,767
Thanks: 4,021
Thanked 9,455 Times in 4,157 Posts
Mentioned: 60 Post(s)
Tagged: 0 Thread(s)
|
Quote:
It is not how they do their work, it is the amount of time it takes. Does it take twice as long to sell a property worth twice as much? How many hours time does it take for an agent to sell a house? I have no idea. 10 hours? 20 hours? 50? I have only been told the commission from one agency. Their commission for a 1 million dollar sale is $30,975. For a 2 million dollar sale it is $57,975. I don't understand the justification for the huge difference in commission. Sure, that's the way it is, maybe has always been but I look at those numbers and it hurts my eyes.
__________________
My car is completely stock except for all the mods.
|
|
02-18-2020, 03:58 PM | #22 | |
Undisputed El Presidente
Join Date: Jun 2012
Drives: Zenki 37J ZN6
Location: Stockton, CA
Posts: 11,573
Thanks: 9,383
Thanked 9,399 Times in 5,262 Posts
Mentioned: 374 Post(s)
Tagged: 33 Thread(s)
|
Quote:
Probably partially a flat fee + % since it doesn't exactly double but is really close. And similar to what US real estate agents would charge. |
|
The Following User Says Thank You to finch1750 For This Useful Post: | Tcoat (02-18-2020) |
02-18-2020, 04:04 PM | #23 | |
Senior Member
Join Date: Jul 2014
Drives: 2020 Hakone
Location: London, Ont
Posts: 69,845
Thanks: 61,656
Thanked 108,289 Times in 46,456 Posts
Mentioned: 2497 Post(s)
Tagged: 50 Thread(s)
|
Quote:
It took our poor broker almost a year to sell our last house. It was a low value home in a down market and just nobody was interested at all. She probably spent a couple of hundred hours showing it just have to cut her commission in half to get us to take a low offer.
__________________
Racecar spelled backwards is Racecar, because Racecar.
|
|
The Following User Says Thank You to Tcoat For This Useful Post: | humfrz (02-18-2020) |
02-18-2020, 06:23 PM | #24 | |
Because compromise ®
Join Date: Jan 2012
Drives: Red Herring
Location: australia
Posts: 7,767
Thanks: 4,021
Thanked 9,455 Times in 4,157 Posts
Mentioned: 60 Post(s)
Tagged: 0 Thread(s)
|
Quote:
This is all new to me.
__________________
My car is completely stock except for all the mods.
|
|
02-18-2020, 06:46 PM | #25 | |
Senior Member
Join Date: May 2014
Drives: 2017 BRZ
Location: Chicago
Posts: 3,288
Thanks: 1,258
Thanked 2,929 Times in 1,714 Posts
Mentioned: 58 Post(s)
Tagged: 0 Thread(s)
|
Quote:
It costs money to sit on a house. We lost around 35% by the time we sold out last house. It sold for <1% less than our purchase price. The losses weren't the agent fees... Though yes, that could have been only 30% loss... Market changes and the weird spot out house ended up for prospective buyers ("too small" despite also being lower price per square than other options)
__________________
Second chance build... or whatever it is.
|
|
The Following User Says Thank You to cjd For This Useful Post: | humfrz (02-18-2020) |
02-18-2020, 08:49 PM | #26 | ||
ProCrastinationConsultant
Join Date: Sep 2013
Drives: '14 Ranger, '18 Tacoma 4Dr LB
Location: chicago-ish
Posts: 11,330
Thanks: 35,240
Thanked 13,675 Times in 6,782 Posts
Mentioned: 98 Post(s)
Tagged: 0 Thread(s)
|
Quote:
Quote:
so my sister and her husband finally bought a house. the previous owners were quite sloppy, and used the 2 car garage for trash collection. the day before closing, they moved the entire pile of garbage to the alley for the town to pick up. so after they closed, we all went over and looked at what it was they got themselves into. i mentioned that they needed to call the town to verify that they would need to schedule a special trash pickup for the massive pile of crap in the alley. my sister immediately said "i'm not doing anything, it's not our crap!" to which my dad and i both started laughing, and said, "you bought the whole house! it's your name on the paperwork! like it or not, it's now YOUR pile of crap!"
__________________
"The time you enjoy wasting is not wasted time"
|
||
02-18-2020, 09:17 PM | #27 | |
Senior Member
Join Date: May 2013
Drives: 2013 FR-S, white, MT
Location: Puyallup, WA
Posts: 30,062
Thanks: 29,125
Thanked 32,202 Times in 16,572 Posts
Mentioned: 709 Post(s)
Tagged: 2 Thread(s)
|
Quote:
There is an old saying in real estate: "it's not a problem until it becomes a problem". (chew on that fer ah spell) You can write a real estate contract on the back of an envelop and have both parties sign it, on the hood of a car, at night, under a street light. When I worked for 10 years as a real estate broker, I was quite conservative and worked under a conservative company (Coldwell Banker). Having successfully completed hundreds of real estate deals, I never once wound up in court nor brought before the real estate commission. Only once did the manager/broker/owner have to "call me aside", and that was because I was acting a little too chummy with her cute little receptionist - humfrz |
|
02-18-2020, 09:37 PM | #28 | |
Senior Member
Join Date: May 2013
Drives: 2013 FR-S, white, MT
Location: Puyallup, WA
Posts: 30,062
Thanks: 29,125
Thanked 32,202 Times in 16,572 Posts
Mentioned: 709 Post(s)
Tagged: 2 Thread(s)
|
Quote:
That all depends upon the situation. I've listed and sold property within an hour and had it close in 10 days. Other properties have taken months. A word about real estate commissions (back in the day in Washington state). First off the commission is usually negotiable. The total commission is broken into two parts, the listing commission (which goes to the listing broker and their office) and the SOC (Selling Office Commission) which goes to the buyers agent and office. It is possible for one entity to get both commissions (by being a dual agent). The commission split doesn't have to be equal. Nor does the commission have to be a set percent of the sale price. For example the SOC could be 3% on the first $100,000 of sale price and a different percent of the sale price over $100,000. In other words, commissions can be all over the place. humfrz |
|
|
|
Similar Threads | ||||
Thread | Thread Starter | Forum | Replies | Last Post |
FRS for sale. Looking for a caring owner. Please help. | buymycar | Arizona | 3 | 04-01-2016 06:43 PM |
2015 HighSpec GT86 for sale - owner emigrating | FT_86_SM_GP | AFRICA | 4 | 02-03-2016 05:37 AM |
GrimmSpeed Open House! - Car Show, Open House, Swap Meet - Sept. 28 | GrimmSpeed | Great Lakes | 0 | 08-27-2013 06:02 PM |
New owner here, convert from House of Honda! | WolfpackS2k | BRZ First-Gen (2012+) -- General Topics | 42 | 03-04-2013 03:41 PM |