Best of the no% real estate

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Originally Posted by standup

See my prob is that the real estate agents just want to do things ticky box and then line those ticky boxes up with things "kinda" like that which have sold. Here's my point. One of many. I have a 1400 sq/ft shop. They list that as "SHOP". Value extra 15 G's (maybe). Why I have to do this is cause, ya "SHOP", but shop with 9" thick engineered floor with 16" ceiling ,14,000 pound auto/truck hoist. All seperately serviced and billed so if you want to run a biz out of it you get the whole utilities wrote off just not a % of your house. Or you could rent the shop out easier cause the bills are seperate and pay your mortgage with shop rental. etc etc. None of which a real estate agent could be bothered working up the tremendous sweat to be bothered doing. And there's a few more oddities like that. So it's not so much the 20 G's to an agent for squat. It's that 20 plus maybe 30 she left on the table by not attracting the most for the shop. It's the other 30-40 she didn't attract by showing other things fully. Before you know it I'm in the hole 80-90 cause some lazy won't do more than sign her name for 20 G's, well screw that

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do you currently have it listed or are you still stuck at not agreeing with the listing agents so called fair market value assessment ?

is the property zoned for comercial use for the shop?

trying to understand why an agent that is commission based pay wouldn't want to get the highest sale price possible.

last year when I sold a property, I didn't agree with the market value assessment given and demanded it be listed at a slightly higher price. well 8 months later, after 2 price reductions , sold the property for the price the for poop brains agent had originally said it was worth.

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Originally Posted by B Wilson

do you currently have it listed or are you still stuck at not agreeing with the listing agents so called fair market value assessment ?

is the property zoned for comercial use for the shop?

trying to understand why an agent that is commission based pay wouldn't want to get the highest sale price possible.

last year when I sold a property, I didn't agree with the market value assessment given and demanded it be listed at a slightly higher price. well 8 months later, after 2 price reductions , sold the property for the price the for poop brains agent had originally said it was worth.

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LOL I guess he/she wasn't such a poop-for-brains after all,eh?

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Originally Posted by exgunner

You have the wrong agent, mine has ability to adjust commission and list the listing as I want it posted try someone else.

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I'll give a brief overview of one problem I think I have. When we bought this place it was a nice house, but just that. An OKAY nice house. Nothing like what we've turned it into. NIGHT & DAY !!!!. Long story short the daughter of the people here was quite the little unit. We won't go into the details. Anyhoo I guess she learned from her abusive alchy step dad. After leaving she did the real estate gig. Seems like that got her head on straight. Well not only did she get into it, she became coldwells broker for the area. Everybody reveres her as a God and her evaluation of this house is pretty much what I paid her parents for it and raised it up from the dirt. As long as the brain deads around here feel the need to go get their every thought from her my house will always have that anchor attatched. So ya I got to get someone not in the local fool loop and will evaluate it on it's merit

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Originally Posted by trimmer21

LOL I guess he/she wasn't such a poop-for-brains after all,eh?

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Yeah, I sure showed her how the real estate market works...lol

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Originally Posted by B Wilson

do you currently have it listed or are you still stuck at not agreeing with the listing agents so called fair market value assessment ?

is the property zoned for comercial use for the shop?

trying to understand why an agent that is commission based pay wouldn't want to get the highest sale price possible.

last year when I sold a property, I didn't agree with the market value assessment given and demanded it be listed at a slightly higher price. well 8 months later, after 2 price reductions , sold the property for the price the for poop brains agent had originally said it was worth.

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Well at that I would be staying

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Originally Posted by B Wilson

do you currently have it listed or are you still stuck at not agreeing with the listing agents so called fair market value assessment ?

is the property zoned for comercial use for the shop?

trying to understand why an agent that is commission based pay wouldn't want to get the highest sale price possible.

last year when I sold a property, I didn't agree with the market value assessment given and demanded it be listed at a slightly higher price. well 8 months later, after 2 price reductions , sold the property for the price the for poop brains agent had originally said it was worth.

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It is more important for a commission-based salesman to get the sale than to get the best price. Consider this - a 200k property with a 5% commission.

If you are the salesman, trying to get 200k for the property and a 10k commission is a lot harder than getting 175K for it and a 8.75k commission - and the saleman will always go for easier one. In general a salesman will try to price a property to sell within a couple of weeks, which means it will be underpriced. Although they are not common of late, this is the cause of "bidding wars" we heard about a few years back.

Suburban properties which a) are usually quite similar, and b) of which there are many, many, many to allow for a good price comparison. Rural properties are more unique and there far less making comparisons more difficult. This makes it harder for a real estate agent to make a good estimate as all they use are comparable sale prices. Using MPAC as a guide is a bit hit and miss. MPAC has my house at a bit over 200k. There hasn't been a house similar to mine listed for under 200k in this area for over 15 years. My cottage MPAC is a bit over 200k as well. Nearest thing to that on the same late would run about 270k, and that wouldn't have the 600 sq ft attached garage.

Bottom line, standup: If you can't find an agent you agree with, be prepared to do your own homework for pricing. And whatever you do choose to do, if you want to get what you think your properties worth, you need to be patient and wait for a buyer that is willing to pay for the shop, and it could be a long wait.

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Originally Posted by werner.reiche

It is more important for a commission-based salesman to get the sale than to get the best price. Consider this - a 200k property with a 5% commission.

If you are the salesman, trying to get 200k for the property and a 10k commission is a lot harder than getting 175K for it and a 8.75k commission - and the saleman will always go for easier one. In general a salesman will try to price a property to sell within a couple of weeks, which means it will be underpriced. Although they are not common of late, this is the cause of "bidding wars" we heard about a few years back.

Suburban properties which a) are usually quite similar, and b) of which there are many, many, many to allow for a good price comparison. Rural properties are more unique and there far less making comparisons more difficult. This makes it harder for a real estate agent to make a good estimate as all they use are comparable sale prices. Using MPAC as a guide is a bit hit and miss. MPAC has my house at a bit over 200k. There hasn't been a house similar to mine listed for under 200k in this area for over 15 years. My cottage MPAC is a bit over 200k as well. Nearest thing to that on the same late would run about 270k, and that wouldn't have the 600 sq ft attached garage.

Bottom line, standup: If you can't find an agent you agree with, be prepared to do your own homework for pricing. And whatever you do choose to do, if you want to get what you think your properties worth, you need to be patient and wait for a buyer that is willing to pay for the shop, and it could be a long wait.

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Ya we got an agent/broker up here who is a multi millionare,initials are H.V. . Maybe some have heard of her. Anyhoo she's got all her sons into it now. There creedo is to blow every house off for 10-20% less than it should be worth to blow off to the next one. Whatever % they're charging there's more money in blowing off 5 houses off a month, each for 10-15% less than should be than to actually do some work and take a couple months to sell just one of those houses at proper price. In short they treat the most important investment of your life pretty much as the used car salesmen of the 50's and 60's would when selling you a $200 junker

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Originally Posted by standup

Ya we got an agent/broker up here who is a multi millionare,initials are H.V. . Maybe some have heard of her. Anyhoo she's got all her sons into it now. There creedo is to blow every house off for 10-20% less than it should be worth to blow off to the next one. Whatever % they're charging there's more money in blowing off 5 houses off a month, each for 10-15% less than should be than to actually do some work and take a couple months to sell just one of those houses at proper price. In short they treat the most important investment of your life pretty much as the used car salesmen of the 50's and 60's would when selling you a $200 junker

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Some truth to that as they handled the sale of my mother-in-laws house and we had to convince them to raise the price by $10K as we deemed it to be listed too low. The house did sell a couple months later with a little extra money in our pockets. (inheritance)

During my last house sale I was successfully in negotiating a 1% commission fee, we used thesame agent to purchase the new house which did not put me out of pocket. At the end of the day your house is only worth what someone is willing to payfor it, the things you see value in may not necessarily get you moremoney. Ultimately you control what you list and sell the house for.

Agents don't work for you, they work for themselves and want the listing at the end of the day.

All it takes is ONE buyer who wants a place like yours....You may have to do your own sales job in order to find them though.
The other agents in the area all have their own places to sell and will not recommend yours since it is "overpriced".