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Posted By: Sauer200 Flat fee Realestate Agents? - 03/23/19
I'm in the process of selling a home and I'm considering using Cleaver. They advertise that they will provide me with a list of full service agents from major brokerages that will accept a flat fee of $3000.00. I've looked on line and haven't found many reviews.
Has anyone had any dealings/experiences?
Thanks,
Doug.
When I sold my own house, I had probably 10-15 realtors saying their clients really like the house and want to see it, hook was I had to agree to give them anywhere from 2-4% of the sale price. Told em to GFY. So think about it hard.
Originally Posted by Sauer200
I'm in the process of selling a home and I'm considering using Cleaver. They advertise that they will provide me with a list of full service agents from major brokerages that will accept a flat fee of $3000.00. I've looked on line and haven't found many reviews.
Has anyone had any dealings/experiences?
Thanks,
Doug.



On the closing of the sale, it may not be a bad deal.

But not upfront.

Lots of realtors will sign you up, then not advertise the property, and it just sits there and gets stale on the market.

Be sure what you get before signing any contract.
Posted By: NVhntr Re: Flat fee Realestate Agents? - 03/23/19
Never heard of Cleaver.
When I sold my last house FSBO an agent brought me an offer that was over my asking price and I happily paid the 3% commission.
Where I'm located there are numerous real estate offices advertising cut rate listing, some as low as 1%.
Originally Posted by NVhntr
Never heard of Cleaver.
When I sold my last house FSBO an agent brought me an offer that was over my asking price and I happily paid the 3% commission.
Where I'm located there are numerous real estate offices advertising cut rate listing, some as low as 1%.


The only way that would happen around here is that the client had deep pockets to make up the difference ibetween offer and appraisal or the property appraised for = or above that offer. Banks and most first mortgage lenders will not go over 100% LTV, most banks at 80. Seen an awful lot of sold signs go to for sale again due to that fact. Quicken I believe will go 95% LTV with excellent credit.
You still are going to have to pay the agent, for bringing people to see your house. Otherwise why would they bring anyone. That is their livelihood and they need to take buyers somewhere a commission is provided.
What's he going to do for $3000? Not much he can do if you won't pay the other half. Don't out smart yourself because you are a tightwad.

The guy that came up with FSBO, tried for months to sell his condo in NY. Couldn't sell it. Finally gave it to an agent that got him $100,000 more than he was asking.
You get what you pay for!
Originally Posted by Remington6MM
You get what you pay for!



+1
Maybe try this option. It was quick and simple with no staging, no real estate agents bringing potential buyers around on 15 minute's notice, etc. And the offer we received for our house after a simple home inspection was $3K+ more than comparable properties in our neighborhood. In total, selling our house was painless and they gave us a very good+ competitive price.

https://www.opendoor.com/
I probably like child molesters better than real estate leeches.
Posted By: KMS Re: Flat fee Realestate Agents? - 03/23/19
Originally Posted by Swifty52
When I sold my own house, I had probably 10-15 realtors saying their clients really like the house and want to see it, hook was I had to agree to give them anywhere from 2-4% of the sale price. Told em to GFY. So think about it hard.

Why would that bother you? If the realtor is bringing you a buyer, why wouldn't they deserve to be paid? I guess you think they should work for free. Do you work for free?
Posted By: KMS Re: Flat fee Realestate Agents? - 03/23/19
Originally Posted by Sauer200
I'm in the process of selling a home and I'm considering using Cleaver. They advertise that they will provide me with a list of full service agents from major brokerages that will accept a flat fee of $3000.00. I've looked on line and haven't found many reviews.
Has anyone had any dealings/experiences?
Thanks,
Doug.

Remember the old saying. You get what you pay for.
Originally Posted by KMS
Originally Posted by Swifty52
When I sold my own house, I had probably 10-15 realtors saying their clients really like the house and want to see it, hook was I had to agree to give them anywhere from 2-4% of the sale price. Told em to GFY. So think about it hard.

Why would that bother you? If the realtor is bringing you a buyer, why wouldn't they deserve to be paid? I guess you think they should work for free. Do you work for free?


Now why the hell would I pay someone who is too damn stupid to understand in the listings we had on numerous sites, NO Realtors. And on top of that they were bugging me every damn day for 2 weeks before the open house. Besides I had an approved buyer and 2 Grand deposit in hand within 45 minutes. Closed on it and the new house same day.
And being retired all my work around the place is free or maybe a 6 pack of Millers.
One can negotiate rates with agents. They are not paid for showing a listing. They're paid at sale time.
Originally Posted by 1minute
One can negotiate rates with agents. They are not paid for showing a listing. They're paid at sale time.


True they are paid at sale time, but according to the ones we talked to if the realtor is from a different company that produces the sale then that realtor gets 3% and the listing agent got 4%.
So what the hacks wanted was to sucker me with this BS “I got this approved buyer that would really like to view the house. Showed them the edited listing pics off Zillow. But you gotta pay me if it sells.”
Which Got a GFY.
Originally Posted by KMS
Originally Posted by Sauer200
I'm in the process of selling a home and I'm considering using Cleaver. They advertise that they will provide me with a list of full service agents from major brokerages that will accept a flat fee of $3000.00. I've looked on line and haven't found many reviews.
Has anyone had any dealings/experiences?
Thanks,
Doug.

Remember the old saying. You get what you pay for.

There's another old saying. Sometimes realtors are greedy, lying, parasitic fugs.
Yes, if a non listing realtor moves the house, they split the commission with the agency doing the listing. Purchased our present home via that route.
Originally Posted by 1minute
One can negotiate rates with agents. They are not paid for showing a listing. They're paid at sale time.


When you list your house with an agent, you agree on a percentage. That is split between the listing agent and the selling agent. When the selling agent is looking at houses for his clients he can see what his cut will be. If everyone else in the area is offering the buyer's agent 3% why would someone bring a client to your house? Maybe he's stupid. The time to negotiate is when you are deciding on an agent. The only time I will but what I'm getting (which is normally 6% which is split) is if the owner is going to move to another house and they will use me to get them a house. Then I will agree to 5%, and still give the seller the 3%. The selling agent doesn't actually get the whole 3% which most unsophisticated people don't understand. My broker typically get's 30% of whatever I get. So does the buyers agent. He's broker get's a cut as well. It's not as lucrative as some people think. The office building, the advertising etc, costs money. Doesn't your boss have overhead in his business? Do you split the prophet with him, with out taking into consideration of the costs?? If you are so smart so sell it yourself. You think you are going to do that for nothing? How are you going to get your house known? You have to advertise. How good are you at contracts. Do you carry insurance in case you neglect to disclose something about your house? I'm dealing with someone right now that is advertising his house as 2000sf, 4 br.
500 Sf of it was never permitted. 2 of the 4 bedrooms, don't have legal egress. There's a lot more to selling a house than it appears. If it appears easy, it's because you have a good agent.
Originally Posted by Swifty52
Originally Posted by NVhntr
Never heard of Cleaver.
When I sold my last house FSBO an agent brought me an offer that was over my asking price and I happily paid the 3% commission.
Where I'm located there are numerous real estate offices advertising cut rate listing, some as low as 1%.


The only way that would happen around here is that the client had deep pockets to make up the difference ibetween offer and appraisal or the property appraised for = or above that offer. Banks and most first mortgage lenders will not go over 100% LTV, most banks at 80. Seen an awful lot of sold signs go to for sale again due to that fact. Quicken I believe will go 95% LTV with excellent credit.


That happens all the time here.

People sell their house in CA, come here and can pay cash.
Right now, it's tough to buy a house in this state if you don't have cash, unless it's a new construction.
I've never sold via a realtor, online or otherwise.

It's a job that JO had, why the fugg do I want to give those cu&nts my money.
Posted By: pal Re: Flat fee Realestate Agents? - 03/28/19
Originally Posted by Sauer200
I'm in the process of selling a home and I'm considering using Cleaver. They advertise that they will provide me with a list of full service agents from major brokerages that will accept a flat fee of $3000...


This is false economy and not a smart place to cheap out. Where's the incentive?
Posted By: KMS Re: Flat fee Realestate Agents? - 04/09/19
Originally Posted by Swifty52
Originally Posted by 1minute
One can negotiate rates with agents. They are not paid for showing a listing. They're paid at sale time.


True they are paid at sale time, but according to the ones we talked to if the realtor is from a different company that produces the sale then that realtor gets 3% and the listing agent got 4%.
So what the hacks wanted was to sucker me with this BS “I got this approved buyer that would really like to view the house. Showed them the edited listing pics off Zillow. But you gotta pay me if it sells.”
Which Got a GFY.

Right off the bat, the ones that are getting their info from zillo ain't worth chit. I get my info off the MLS.
Posted By: KMS Re: Flat fee Realestate Agents? - 04/09/19
Originally Posted by 280shooter
Originally Posted by KMS
Originally Posted by Sauer200
I'm in the process of selling a home and I'm considering using Cleaver. They advertise that they will provide me with a list of full service agents from major brokerages that will accept a flat fee of $3000.00. I've looked on line and haven't found many reviews.
Has anyone had any dealings/experiences?
Thanks,
Doug.

Remember the old saying. You get what you pay for.

There's another old saying. Sometimes realtors are greedy, lying, parasitic fugs.

True enough! I've dealt with plenty of those. Let me also ad that there are some big franchise brokerages (Keller Williams) that train their agents to go after "For Sale By Owner', BS them to get their listing. My broker calls those agents bottom feeders. Rightly so. I won't do that, but if I have a client that tells me he or she is interested in your home, I would ask if you would compensate me 3% when we close. My agreement with my client is that if you refuse, I collect it from the buyer. Most often, that's a deal killer for my client since the majority of closing cost is on the buyer any way.
Originally Posted by Cariboujack
Originally Posted by 1minute
One can negotiate rates with agents. They are not paid for showing a listing. They're paid at sale time.


When you list your house with an agent, you agree on a percentage. That is split between the listing agent and the selling agent. When the selling agent is looking at houses for his clients he can see what his cut will be. If everyone else in the area is offering the buyer's agent 3% why would someone bring a client to your house? Maybe he's stupid. The time to negotiate is when you are deciding on an agent. The only time I will but what I'm getting (which is normally 6% which is split) is if the owner is going to move to another house and they will use me to get them a house. Then I will agree to 5%, and still give the seller the 3%. The selling agent doesn't actually get the whole 3% which most unsophisticated people don't understand. My broker typically get's 30% of whatever I get. So does the buyers agent. He's broker get's a cut as well. It's not as lucrative as some people think. The office building, the advertising etc, costs money. Doesn't your boss have overhead in his business? Do you split the prophet with him, with out taking into consideration of the costs?? If you are so smart so sell it yourself. You think you are going to do that for nothing? How are you going to get your house known? You have to advertise. How good are you at contracts. Do you carry insurance in case you neglect to disclose something about your house? I'm dealing with someone right now that is advertising his house as 2000sf, 4 br.
500 Sf of it was never permitted. 2 of the 4 bedrooms, don't have legal egress. There's a lot more to selling a house than it appears. If it appears easy, it's because you have a good agent.



All good information.above. I have a Texas real estate sales person license and a Texas building inspector's license. I went to real estate school after I retired from my corporate career, to better enable me in my real estate investment activities. That said, I deal with lots of realtors and regularly buy properties. I am familiar with the laws and real estate practices in Texas.

The "standard" commission rate for non-commercial properties is 6% of the ultimate sale price. If a buyer representative (what Caribou Jack refers to as a "selling agent") brings a buyer to the table, the listing agent typically splits the commission with 3% going to each Realty. The typical real estate sales person in Texas works under a broker managing the Realty. A portion of the commission goes to the broker for "overhead". In the instance of very high-dollar properties, many realtors will reduce their commission percentage, as 6% would render an unreasonably high commission.

I occasionally will sell one of my properties. Even though I am fully able to represent myself, I avoid the FSBO route. A good realtor will list your property on many sites beyond the local multiple listing service and run ads in newspapers and various community magazines. A realtor familiar with your area will understand the market and provide valuable advice regarding pricing as well as any improvements needed to attract a buyer. Also, successful realtors often have willing buyers looking for what you may have.

Most real estate agents work hard for their commissions. Those that don't, should be avoided.

T.S.
Posted By: 16bore Re: Flat fee Realestate Agents? - 04/10/19
You can see if they’ll do a limited service listing. Basically it gets placed on the MLS and the rest is up to you. But if you want a professional job, hire a professional.
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