Dec
8
Commissions. Why are Realtors are showing and selling new construction before resales. In Kissimmee/Saint Cloud, Florida. Commissions, pricing and in house financing. Builders are sitting on inventory. Their construction loans are running out and they must refinance at a higher rate. Kinda like a sub prime loan, but not that high, but the spread between conventional loans and construction loans have a large spread.
Some builders are advertising large co-brokerages. Some are over 3 times the traditional rate. Realtors are in business to maximize profit and minimize time.
If you were told at work, for the next week here at work we will pay you 3 times the amount you make per hour and we don’t care how many hours you work, would you call in sick any day that week?
Realtors are human beings with families. Just like you. So why would you want me as a Realtor, to advertise your home for sale for less than the traditional rate. Wouldn’t you want me to entice other Realtors to try and sell your home by offer more than the traditional co-brokerage?
I don’t care how much advertising I spend, Buyers agents are going to bring their clients to where they get the best paycheck. Wouldn’t you Mr./Mrs. Seller? As the listing agent, I am spending the advertising dollars to advertise your home. Saving money on commissions in this market with so much competition is a foolish way to market your home. An extra 1% to the buyers agent can be the difference where your home sells or just sits on the market.
The Resident Mark
COMMENTS (1)
Many of us in Las Vegas have taken the same approach, and in fact many of my listings offer an additional x% if under contract by a certain day. I will often split this extra with the Seller as a way to spur looks by hungry agents. January 2, 2008 at 1:07 pm