AGENTS...You have to see this!!!

Hi Adri,

In the 13+ years in this business, I have run into all kinds of "deals" - many were not for me, so I walked away.  This is actually kind of creative, and bold, of them to place an ad like this.

Most will ignore something like this.  This is not much different than a call for a FSBO.  Contact and tell them the reality of what needs to be done in order to sell a home in this market and the possible downside trying to save money may cost money and put them out for extreme liability exposure.

It is worth a call.  They are going to say yes or no, right?  Got 5 minutes, call them now.

I would do it in a heart beat. I actually have a program called "Seller's [Move-Up Buyer] Advantage Plan which even has its own URL and website.

Rather than be offended , Two can play this game. Take the 3% buyers side, and offer to list for 1%...since they know the market so well, price points, and have staged the home beautifully a 30 day listing should be enough. After the purchase (buyer agent) is completed and the listing is expired (30 days)...don't re-list. These folks have it all under-control I'm sure they can sell it themselves after all they are savvy. Or perhaps they will have to find another broker and pay them the standard rate?

I think there are many agent who already work this way. I am sure sure there are agents who would work for them.  It will be intresting to see how things work out.

Adriana - thanks for pointing me to this blog. I'd probably consider doing it, depending on the price points we're talking about. For a $100,000 sale and a $120,000 list? Probably not. But if we're talking about properties in the $300,000+ range, that's a decent payday in a time when paydays are tough to come by. Whenever I have the buy and sell for a single client, I do reward them with a discounted fee on the second closing that ends up looking somewhat like this.

So, it doesn't offend me at all - I'd meet with the seller and if it were a home I thought I could sell and I thought the sellers were decent people, I'd do it.

When agents say they won't take a 1% listing (or whatever that figure is), I always have to ask... where do you draw the line on lower-end or upper-end listings? Would you take 1% on a marketable $800,000 listing? If you wouldn't, why would you take 3% on a marginally marketable $300,000 house? Basically, we do the same thing for most listings, so why is the payday so much higher when the house is more expensive? But that's a question for a different platform!

Thanks for letting me ramble!

I agree with some of the other comments that this is a pretty creative ad.  I always discount one side of my commission when I represent a client who is both buyer and seller. 

Nope....this folks are already "experts" and in my experience this type can be a real challenge to work with.  I don't think I've ever seen an ad quite like that but if I dd it wouldn't entice me.  I also wouldn't suggest our agents work in that manner.  We are a full service 'menu' pricing office and some of our listings have a higher commision rate than normal, based on what the seller needs. 1% is silly!  We are professionals and it's our job to show they why and if they want to work with us, great. If not, let the other guys down the street have at it.

I agree with Anna Banana.  This type of client tends to want too much control, or will trip over dollars in order to pick up pennies (in other words, cheap).  However, desparate times often call for desparate measures and so it may be worth an interview.  I would certainly ask where the 3% buyer's agent fee was coming from:  the co-broke or the buyers themselves. 

I guess my question to them would be if I list your home and another agent brings an offer are they willing  pay the buyers agent their standard commission on top of what they are paying you.  If they are I would take the deal in a heartbeat.  After all a total of 4% is better than nothing

Compensation should be about, what you are going to do to sell their home.  If they are telling you how to do your job and what your pay will be, I cannot imagine working like that.  Wonder if they would let you tell them what their pay should be at their job?  Sounds like a nightmare waiting to happen.

Stick to our Buffini Referral Systems and stay away from these ads:) Referrals are always the best way to grow your business.