Wade 's Bloghttp://activerain.com/blogs/wadegene2008-06-20T10:48:40ZWade Ellis (Denny Grimes and Company, Inc.)Why should I pay 6% when I can pay a flat fee to do the same thing?http://activerain.com/blogsview/558851/Why-should-I-pay2008-06-20T10:48:40ZWade Ellis (Denny Grimes and Company, Inc.)
<p>We all have probably heard that phrase in one way or another. I'm interested to hear some of your responses to grueling negotiable commission questions but I will go first.</p>
<p>Well Mr. Seller, If you were to pay a flat fee to put your home on the mls, you still would have to pay the buyer's agent 3%. And if you sold your home by owner, most likely the buyer would come via agent as well in which case you would again be paying 3%. So really were not talking about 6% are we? The issue we are arguing over is 3%. Yes most homes sell through agents searching for their clients on the mls, but guess what they don't do. Take their clients to overpriced listings that are listed anywhere. You see if you are trying to save an extra 3% by paying a flat fee, chances are your going to try to overcompinsate by unrealistically raising your price. In this current market, as prices are falling, by the time you get into reality with where the market dicates, you could have already sold your house at 6% 5 months ago at a higher price and still come out better than you would selling right now for 3% The fact is, that extra 3% pays for compency and advice that could be worth way more than that in the end. </p>
<p>Well how did I do?</p>
<p>Wade</p> Don't Be Greedy...http://activerain.com/blogsview/503273/Don-t-Be-Greedy2008-05-09T10:55:09ZWade Ellis (Denny Grimes and Company, Inc.)
<p> ...thats what got us here in the first place. Lee County ranks at the top of the country when it comes to foreclosures. In 2004-05, people were buying property left and right with ARM's and taking out equity to buy more. Now people are stuck trying to short sell their property's usually failing and going into the forclosure process. Thats good news for long term investors and first time home buyers. However I still don't think buyers get it. They see a short sale or forclosure for 200k and want to offer 125k."I'm looking for a good deal" they say. HELLO?! that house sold for 400k 3 years ago and you still don't think your getting a good deal? Banks that own property are not "giving property away". They are selling them at market value. Enjoy it while it lasts and if you haven't bought something this year, you may be sorry. These are the best prices we have seen in years so stop low balling and jump on the buyers market bandwagon.</p>
<p>-Wade Ellis</p>