Pascack Valley Real Estate The Discount Broker Foxtons is Closing It's Doors due to lack of funds to continue operating, as perClosed Sign the September, 28th edition of the Bergen Record.  This doesn't come as a big surprise to many in the industry since the rule of thumb for most business models is that you get what you pay for.  The article goes on to quote various real estate professionals.  Cooperation amongst agents offering reduced commissions to the selling side of the transaction was one of the points raised in the article.  But lack of service to the Sellers was key to us.  We had personally sold a couple of listings that were listed by the company Foxtons.  We found that the company acted as an answering service to set up appointments where the homeowner had to conduct their own showings of their homes.

On one occasion, we were instructed to get our Buyer's offer signed by the Sellers.  The listing agent was not even in attendance of the signing.  It left us and the Sellers to wonder what exactly they were paying for.  But sadly many homeowners only see the percentage of commission they are paying out in order to facilitate a sale.  The marketing process entails more than what the average consumer is privy to.  As Full Time Realtors® in the Pascack Valley area of Bergen County, New Jersey, we know that there is more involved than simply putting a listing into the Multiple Listing Service.  Steps are taken that involve; 

  • Scheduling and Holding Broker Open Tours (usually with Lunch) for the community of agents to preview the home.
  • Creating a description of the home to highlight it's best features.
  •  Input the Listing into the Multiple Listing Service.
  • Scheduling showings & following up for feedback.
  • Taking photographs of the home and doing Virtual Tours
  • Inputting the Listing into several websites, such as our own:  www.HammersTeam.com and www.Home2BergenCounty.com in addition to Realtor.com.
  • Installing the sign and filling the Brochure Box with copies of the Listing Print Out for the sake of advertising to prospective Buyers.
  • Create a Special Features Hand-out Booklet with details, photos & descriptions about the home.
  • Advertising and Holding Public Open Houses.
  • Mailing Just Listed Cards and following up with the local area property owners.
  • Provide Sellers with professional council on the marketing analysis in setting the best price.
  • Provide Sellers with staging ideas in order to present the home to Buyers in the most desireable light.
  • Pre-qualify prospective Buyers.
  • Negotiate on behalf of the Seller with other Agents.
  • Follow-up throughout the Transaction to facilitate the smoothest "stress-free" transaction as possible.

These are the highlights of some of the many details that are skillfully managed by a Full Service Agent such as Lisa & Bob Hammerstein.  So if you are thinking of Buying or Selling in the Pascack Valley area of Bergen County, New Jersey, call us direct at (201)218-6802 or visit us online at www.HammersTeam.com.   We are your Pascack Valley Real Estate Resource at "Your Service"!

If you or someone you know is planning a Move or Sale of their home in the near future, call your Pascack Valley experts, Lisa & Bob Hammerstein at (201)218-6802 or visit us on our website at www.HammersTeam.com.  We'll be able to help you if you're Moving or selling in any of the Pascack Valley towns in Bergen County New Jersey.


For more Local Information about the Pascack Valley area of Bergen County, New Jersey, call Bob & Lisa at (201)218-6802or visit us online at www.HammersTeam.com.

Your Real Estate Resource for the Pascack Valley!


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Robert & Lisa Hammerstein • Sales Associates • Coldwell Banker • (201)315-8618

Address • 50 Broadway • Hillsdale, NJ 07642 •

 

 
This post has been included in New Jersey Information Bergen County, NJ Information
Post is included in group: Hillsdale, NJ Real Estate
Post is included in group: Bergen County Sellers
Post is included in group: Pascack Valley Home Sellers

20 Comments on Pascack Valley Real Estate News - Discount Broker Closing It's Doors

OCT
02
2007
259,577 Points 38 Featured Posts Outside Blog

Like you say not a surprise. In a buyers market agents need to spend more to market listings and they stay on the market so much longer..$$$$$

We're even seeing less FSBO's! 

8:17pm • #1
690,301 Points 145 Featured Posts Localism Sponsor Outside Blog Hit Router

Lisa - guess I am not surprised, given the market. I think there will continue to be companies, discount as well as others, that have difficulty sustaining their businesses, for a variety of reasons. great overview list of some of the things we do as agents - I have a 4 page document that summarizes what I do as listing agent (same for on the buy side). . You make a good point that some people are only focused on the commission rather than the service. That can work in a seller's market but tough in this one.

Jeff

8:20pm • #2
237,815 Points 30 Featured Posts Localism Sponsor Outside Blog
Go get those Foxtons listings and help those people... good riddens too them!!!!
9:10pm • #3
259,583 Points 25 Featured Posts Localism Sponsor Outside Blog

Hi Moni,

Like a breath of fresh air to see.  Thanks for stopping by.  Good to see ya!

9:22pm • #4
259,583 Points 25 Featured Posts Localism Sponsor Outside Blog

Hi Jeff,

The list can go on at length but I tried to give "some" of the things we do as full service real estate agents.  Thanks for stopping by to read and say hello.

9:26pm • #5
259,583 Points 25 Featured Posts Localism Sponsor Outside Blog

Hi Desiree,

Thanks for stopping in to say hello.  We're doin our best to get those listings!

 

9:27pm • #6
603,201 Points 111 Featured Posts Localism Sponsor Outside Blog
Thanks for your info and story...I bet that list could go on...and I bet my mouth could too! We as full service agents  ...bottom line...give the best and detailed service and don't leave our clients in the dark.
9:30pm • #7
259,583 Points 25 Featured Posts Localism Sponsor Outside Blog

Hi Sally,

You better believe it!  Thanks so much for your comment.

9:32pm • #8
OCT
03
2007
261,648 Points 26 Featured Posts Outside Blog

with tonge in cheek - aw that is so sad that they are closing -

NOT - glad you are there to provide FULL SERVICE

1:58am • #9
579,202 Points 95 Featured Posts Localism Sponsor Outside Blog Hit Router

Lisa and Robert, we are doing a transaction with a seller listed with a discount firm. We have only spoke to the office once.......when we called to set up the showing and they said call the owner.

It has been my Buyer Agent and the Seller all the way. Lots of tough negotiating. My BA said to me the other day, I'm doing all the work for both sides ! Yes you are.............

So many times the sellers called me for advice. I told them I can't help you.... you should have hired a Realtor to negotiate this for you. Selling on your own is hard and truly they are selling on their own.

4:04am • #10
419,222 Points 3 Featured Posts Outside Blog
Good post for localism. I like your list of what you do for sellers.
6:36am • #11
259,583 Points 25 Featured Posts Localism Sponsor Outside Blog

Hi Thesa,

Thanks for stopping by and leaving a comment.  Always happy to see ya'!

 

8:59am • #12
259,583 Points 25 Featured Posts Localism Sponsor Outside Blog

Hi Missy,

Sounds like you've been experiencing the same thing that many other full service professionals have been.  Not to mention those poor unsuspecting Sellers who use the "services" of the fee for service companies.  Guess it is our job to educate the public about what actually happens in the real estate process.  Thanks for stopping in for a read and leaving a comment!  Nice to see ya'!

9:03am • #13
259,583 Points 25 Featured Posts Localism Sponsor Outside Blog

Hi Gita,

Thank you!  That list goes on for quite a bit but we wanted to just give some "samples" of what service actually looks like! :)

9:05am • #14
174,874 Points 44 Featured Posts Outside Blog
This too shall pass and many opportunities shall arise!
10:59am • #15
259,583 Points 25 Featured Posts Localism Sponsor Outside Blog

Hi George,

Those opportunities will always be there and we sure are happy they are.  Thanks for stopping by again!

12:48pm • #16
OCT
04
2007
187,851 Points 8 Featured Posts Localism Sponsor Outside Blog
Lisa - You definitely illustrate how you stand out service wise very well.  And there should be no doubt to potential clients that you are not going anywhere! 
12:14am • #17
259,583 Points 25 Featured Posts Localism Sponsor Outside Blog

Hi Steve,

Thanks for stopping by with such a nice comment.   We do try to provide superior service above the crowd! :)

8:59am • #18
OCT
05
2007
131,334 Points 14 Featured Posts Outside Blog
You are absolutely correct you get what you pay for. I think you will see more and more of this happening throughout the country.
11:10am • #19
259,583 Points 25 Featured Posts Localism Sponsor Outside Blog

Hi Jay,

Thanks for stopping by and yes, we should all start seeing some interesting things happen in the marketplace.  We're still serving the public much the same way you and Moni do!

11:44am • #20

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Pascack Valley Real Estate, Lisa and Robert Hammerstein

Hillsdale, NJ

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Coldwell Banker

Address: 50 Broadway, Hillsdale, NJ, 07642

Office Phone: (201) 930-8820 x 199

Cell Phone: (201) 218-6802

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Pascack Valley Real Estate Specialists>>HammersTeam| Bergen County New Jersey|Hillsdale| Westwood|Emerson|River Vale| Park Ridge| Montvale|Washington Township|Old Tappan| Pascack Valley NJ

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