Real Estate Blog - I had to LAUGH!!!

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I had to LAUGH!!!

LOL

I have been on a little trip and one of my associates and I were just talking on the cell phone about Buyer Agent Bonuses while I was driving through Tennessee...

We both agreed that it is rediculous to offer a "Bonus" to an agent that is already getting a commission. Why not just lower the price...

So here is where it got funny... I got back to my computer (I bring it with me of course) and the very NEXT email I get says....

DON'T MISS OUT ON MORE GREAT SELLING BONUSES!

I just had to laugh!

The funny part is that the agent sending this is a good agent and knows that these things are gimmicks and that the reality is that the price of the homes should just be lowered or give a credit back to the buyers...

My associate and I in Charlottesville Agreed that Real Estate "Bonuses" should just go back to the buyer....

No more games....Please....

Charles McDonald

Associate BROKER at RE/MAX Assured Properties, Licensed to sell Real Estate in Virginia

(main) 434-515-1585 (cell) 434-981-1585 (fax) 866-527-9526

Brought to you by that guy who sells Charlottesville VA Real Estate

Search for Charlottesville Real Estate 22901 or Search for Crozet Real Estate 22932 in one great place!

Posted by Charlottesville Real Estate - Your Trusted Broker Charles McDonald on 04/10/2009 01:36 PM

Comments (18)

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Originally posted at: Charlottesville Real Estate: I had to LAUGH!!!

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18 Comments on I had to LAUGH!!!

APR

I like to lower the price as well. It may get you into a different group of buyers.

Hi Charles,

Wow, the horse picture you included in your post really got my attention!!!

I must agree with the points in your post as well...no more games.

Michael

I love the picture...and your right, just lower the price and get the home sold.

Connie - Exactly!

Michael - The public deserves better from us....

Tina - Exactly!

Its more important to get it sold so lowering the price is a no-brainer compared to a buyers bonus.

Love the picture.... After going through 4 down markets I have seen the same thing happen every time and they never work, save on very, very low end homes. I listed a relo and sold it in 52 days with a 2.5% commission. I said "hey, the banks are doing it, so why should I go broke on a 38% referral?" No one balked...and bottom line it sold. Why? The house was nice and so was the price. It comes down to that every single time in a down market.

Charles, My listings do get more showings when they have a buyer agent bonus (assuming the price is reasonable). It doesn't mean it will get an offer but they do seem to get more showings with the buyer agent bonus.

I have had builders in the past (when times were better) put the buyer agent bonus on the homes in order to keep the appraised values up. They are thinking they have an entire comm to sell and would rather keep the "sold" prices up. I've noticed (many times) that the buyer's agent does "give" it to the buyer. They'll ask that the seller give that $ amount in closing cost to there client.

Happy Easter!

Your invisible to the right buyers...

That horse is f__ckin too funny! OMG!!

Happy Holidays Charles!

Charles - Just looking at the horse makes me laugh. You are right, price reduction makes more sense than a bonus.

Troy - agreed!

Tim - yes, price it right!

Wendy - Glad to hear another point of view. I would hope that agents do not selectively pick homes based on commission... I know that I do not...

Luke - Happy Easter!

Maria - It's HORSE SENSE to ME!!! LOL!!!

Charles,

I recognize the Active Rainer's face in the picture, but I can't place the name...!!! :) Thanks, Fran

Great horse picture! I also like those "price reduced" signs put on houses. It's a sort of "fooled you once, let's see if I can fool you again" because they are probably still overpricing the house.

Charles ..No horsing around..the illustration is fantastic!

H remax elpfulHannah your friend in Philadelphia

I love the horse laughing . . . : - )))! I agree these bonuses are offered in lieu of actually pricing the property in alignment with the market!

Charles, this is so true. I'm working more short sales right now. Lowering the price only brings a feeding frenzy and usually results in the home selling for more than full price. Love the horse!

Hi Charles - Love the photo. The last horse that put me on my head probably looked like that at the time. :)

APR

Great post and all too funny! Normally I would not accept any bonus except if I did one side of the deal for nothing to help a distressed seller. I may be inclined to accept a small bonus if it were offered on the buy side. However< i would never sell a home based upon a commission or a bonus. It is always the buyers choice.

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