24hourcampfire.com
24hourcampfire.com
-->
Previous Thread
Next Thread
Print Thread
Hop To
Joined: Jun 2011
Posts: 3,748
W
Campfire Tracker
OP Online Sad
Campfire Tracker
W
Joined: Jun 2011
Posts: 3,748
I will be selling my father's house this spring. He is 93, in assisted living, doing OK but won't be moving back home.

New life experience for me. 1K+ miles away to add to the fun.

Anyone here have any thoughts or first hand knowledge about sites like Ideal Agent, Clever, etc when picking a realtor?

Seems like they would be a bit fishy, but they get a pile of good reviews.

GB1

Joined: Sep 2003
Posts: 23,406
C
Campfire Ranger
Offline
Campfire Ranger
C
Joined: Sep 2003
Posts: 23,406
Interesting. Never saw those before. For a listing agent to make money with a platform that that, they would have to deal with a ton of volume. They list a low % and the buyers agent still gets the 2-3%.

Joined: Sep 2003
Posts: 23,406
C
Campfire Ranger
Offline
Campfire Ranger
C
Joined: Sep 2003
Posts: 23,406
So ideal agent, they contract with agents to list your property at 2%.

IF the buyer calls them directly, they will act as a neutral and do the whole deal for 2%. Basically saving you 2-3% BUT you aren’t really getting someone representing you. You are getting something pushing through the deal.

IF the buyer shows up with an agent, you are still on the hook for the buyers agents commission. 2-3%. So you maybe save .5-1%.



I can’t see a top 1% agent wanting to screw around with this, to be honest with you.

Joined: Feb 2014
Posts: 245
S
Campfire Member
Offline
Campfire Member
S
Joined: Feb 2014
Posts: 245
The best way is to get a realtor you know and trust to make a referral to a potential listing agent where your father lives. The referring agent will get a portion of the of the listing agent’s commission, usually 25-30 percent. The referring agent needs to have a good idea what you and your father need and desire in an agent and should communicate that to potential listing agents. Most (not all) realtors work for large national firms like Keller Williams or Remax and these firms have national reach with respect to agents and services. My wife and I are both realtors here in Bozeman and have made referrals for both of her parents when they were selling properties on the East Coast. It worked out well for everyone.

Joined: Jul 2007
Posts: 1,396
WFR Offline
Campfire Regular
Offline
Campfire Regular
Joined: Jul 2007
Posts: 1,396
Originally Posted by Speedgoat3006
The best way is to get a realtor you know and trust to make a referral to a potential listing agent where your father lives. The referring agent will get a portion of the of the listing agent’s commission, usually 25-30 percent. The referring agent needs to have a good idea what you and your father need and desire in an agent and should communicate that to potential listing agents. Most (not all) realtors work for large national firms like Keller Williams or Remax and these firms have national reach with respect to agents and services. My wife and I are both realtors here in Bozeman and have made referrals for both of her parents when they were selling properties on the East Coast. It worked out well for everyone.

This!
My wife and I both work with RE/MAX and we have an extensive referral network to work with. Having an agent represent your father's best interest and give full service to the listing will result in top dollar for your father.
It's a seller's market and having an experienced agent to negotiate through multiple offers and choose the best deal that will ultimately close is the way to go. Trying to save a % point or two is not the right play in this market.
I will gladly find you an agent that specializes in your father's area for you to interview. In our referral network we can see the performance/volume awards of each agent as well as their specialties, interests, etc. to find a good match for you.
All of the referrals we've placed have closed and the clients were all satisfied with the outcome. It really pays to allow a professional to take the burden off your back if you're 1000 miles away.
WFR

IC B2

Joined: Aug 2017
Posts: 1,125
Campfire Regular
Offline
Campfire Regular
Joined: Aug 2017
Posts: 1,125
Originally Posted by Speedgoat3006
The best way is to get a realtor you know and trust to make a referral to a potential listing agent where your father lives. The referring agent will get a portion of the of the listing agent’s commission, usually 25-30 percent. The referring agent needs to have a good idea what you and your father need and desire in an agent and should communicate that to potential listing agents. Most (not all) realtors work for large national firms like Keller Williams or Remax and these firms have national reach with respect to agents and services. My wife and I are both realtors here in Bozeman and have made referrals for both of her parents when they were selling properties on the East Coast. It worked out well for everyone.



This is the best option.


The cow is where you are, the bull is where you want to be.

No one gets something for nothing unless someone else got nothing for something.
Joined: Nov 2004
Posts: 7,107
Campfire Tracker
Offline
Campfire Tracker
Joined: Nov 2004
Posts: 7,107
The funny thing about real estate is how your average person seems to think they are an expert. So they end up trying to sell themselves or use one of the listing services. In our area it’s homie. They would have been better off finding a smaller independent agent. Then asking for a discounted listing. My wife will normally do a 1% listing. What I am saying is you can get more for your money talking to and interviewing a few agents.

Joined: Jan 2001
Posts: 29,839
Campfire Ranger
Online Content
Campfire Ranger
Joined: Jan 2001
Posts: 29,839
If there's a good regionally familiar agent I'd go that route. They would know the local market and be near enough for show and tell tours. Right now in our area, one can simply put out the word and buyers come knocking and start bidding.

Last edited by 1minute; 04/03/22.

1Minute
Joined: Feb 2011
Posts: 1,130
4
40O Offline
Campfire Regular
Offline
Campfire Regular
4
Joined: Feb 2011
Posts: 1,130
1. Don’t trust anyone who hasn’t used them personally.
2. Ask how the person knows that agent. If it is through some kind of networking group RUN!
3. Ask how many houses they have actually represented people in buying and selling.
4. Don’t wave their duty to you. These days realtors are trying to represent buyers and sellers. This means I don’t have a duty to you or the buyer. Just themselves.
5. Right now in Arizona houses are selling themselves. Unless you know a really good realtor, are you really needed someone to do the paperwork.
6. Realtors will be out of business if the housing market stays hot.
Good luck.


"What I was saying is if my kin folk 400 years ago had guns, we wouldn�t be having this conversation. I�m in favor of guns and encourage everyone I know to have them because the last time we didn�t have them we were abused.�
Rep.Mitchell.
Joined: Oct 2013
Posts: 2,264
K
Campfire Regular
Offline
Campfire Regular
K
Joined: Oct 2013
Posts: 2,264
If you contract to sell house at 3% commission. And that agent sells it alone. They get full 3%

If another agent is involved. The sales commission is split by the agents. You don’t owe them more. Despite what they want you to sign and believe after the fact

Went through that on my last house. The buyers agent thought I owed them 3% as well since they were the buyers agent. My agent didn’t want to split his 4%. Despite our contract that said 4% commission total. They thought they were gonna get me to sign a contract giving them 3% and my agent 4% after the fact.


Good luck finding a respectable and honest realtor. Ain’t many of them around.

IC B3

Joined: Apr 2011
Posts: 4,850
D
Campfire Tracker
Online Content
Campfire Tracker
D
Joined: Apr 2011
Posts: 4,850
We sold last year. Our agent has local awards for best realtor, and she worked very hard to maintain that honor. There are many aspects of selling a house I never considered. Just the internet side of the listings, showings and photography was very involved. She went to great lengths to get the absolute best photos to post and it had a huge impact.

One great piece of advice she gave was getting us to realize the building we lived in was no longer a home but an asset. Unless you're selling to a friend or family, the buyer doesn't want to see all the stuff you've collected over the years. They want to imagine their own stuff in the house.

Knowing our limitations and knowledge worked in our favor.

Best of luck.


For even when we were with you, we gave you this rule: "If a man will not work, he shall not eat."

2 Thessalonians 3:10
Joined: Sep 2003
Posts: 23,406
C
Campfire Ranger
Offline
Campfire Ranger
C
Joined: Sep 2003
Posts: 23,406
If agents are that hungry they are doing 1% listings, that’s a sign of bad things to come.

It’s a crazy industry. Referral fees don’t make much sense to me either.

Joined: Sep 2003
Posts: 23,406
C
Campfire Ranger
Offline
Campfire Ranger
C
Joined: Sep 2003
Posts: 23,406
Originally Posted by kevinJ
If you contract to sell house at 3% commission. And that agent sells it alone. They get full 3%

If another agent is involved. The sales commission is split by the agents. You don’t owe them more. Despite what they want you to sign and believe after the fact

Went through that on my last house. The buyers agent thought I owed them 3% as well since they were the buyers agent. My agent didn’t want to split his 4%. Despite our contract that said 4% commission total. They thought they were gonna get me to sign a contract giving them 3% and my agent 4% after the fact.


Good luck finding a respectable and honest realtor. Ain’t many of them around.


That’s some willy nilly cutthroat stuff right there. If you sign a 4% listing fee to sell your home, traditionally it’s 2 to listing brokerage and 2 to buyers brokerage. To think you are going to list and keep your entire commission is shady AF.

Joined: Oct 2013
Posts: 2,264
K
Campfire Regular
Offline
Campfire Regular
K
Joined: Oct 2013
Posts: 2,264
It was. But they were both in on it I assure you.

Apparently it’s kinda common to. They thought they were gonna pull a fast one.

I don’t think I would use a realtor ever again unless I was just too busy at the time to deal with selling the home.

Joined: Aug 2017
Posts: 1,125
Campfire Regular
Offline
Campfire Regular
Joined: Aug 2017
Posts: 1,125
We have bought and sold homes privately and through Realtors. If the property i was selling was 1,000 miles away, I would use a Realtor local to the property


The cow is where you are, the bull is where you want to be.

No one gets something for nothing unless someone else got nothing for something.
Joined: Nov 2004
Posts: 7,107
Campfire Tracker
Offline
Campfire Tracker
Joined: Nov 2004
Posts: 7,107
If you’re selling you need 2 things a mls listing and someone competent to handle offers and contracts. Those saying sell by themselves are crazy. You’re leaving money on the table especially in this market.

My wife is an agent and I have probably handled a dozen transaction myself in the last several years. I get not wanting to pay. That is why I say look for someone that does transactions for a discount. I do agree paying an agent that has a team of agents under them and does 100 transactions a year 3% seller agent commission is nuts. The power agents don’t provide the service a smaller agent does.


Moderated by  RickBin 

Link Copied to Clipboard
AX24

564 members (16penny, 007FJ, 02bfishn, 160user, 10gaugeman, 16gage, 60 invisible), 2,471 guests, and 1,297 robots.
Key: Admin, Global Mod, Mod
Forum Statistics
Forums81
Topics1,191,437
Posts18,470,834
Members73,931
Most Online11,491
Jul 7th, 2023


 


Fish & Game Departments | Solunar Tables | Mission Statement | Privacy Policy | Contact Us | DMCA
Hunting | Fishing | Camping | Backpacking | Reloading | Campfire Forums | Gear Shop
Copyright © 2000-2024 24hourcampfire.com, Inc. All Rights Reserved.



Powered by UBB.threads™ PHP Forum Software 7.7.5
(Release build 20201027)
Responsive Width:

PHP: 7.3.33 Page Time: 0.115s Queries: 14 (0.004s) Memory: 0.8670 MB (Peak: 0.9823 MB) Data Comp: Zlib Server Time: 2024-04-26 18:19:17 UTC
Valid HTML 5 and Valid CSS