Is there an answer to such a comment? Most Realtors would think not. I met a For Sale By Owner gentleman last December. It was an investment property in the Ridgewood area. He was kind enough to show me the property, but informed me that he would not be letting me market his home because his wife was a Realtor, and her company wasn't charging her on the selling side. He was offering a competitive 3% to the selling agent. This would seem to be a smart strategy... however the gentleman was doing all the work since his wife is part-time in Real Estate in Bergen County. He had a couple of contracts fall through and was getting frustrated. It is now over 5 months later and he has withdrawn the house to do some renovations. I have been keeping in touch with him, he is a really nice man. I made the case to him that for an additional 3% he would get the full exposure that he needed for his home, an expert negotiator and someone to manage this property for him. When you figure the value of the home (approximately $375,000) he was already offering half the brokerage fee, but having no one to represent him. I offerred his wife a 25% referral fee, so his additional investment would only be 2.25%. It seems obvious that you should hire me for only 2.25%. It can be very challenging to work with a family member. What if they don't do a good job? Talk about uncomfortable family gatherings, worse if you are married to them. I have an appointment with him next week, I will keep you updated. Has anyone marketed a home when one of the spouses held a Real Estate License? It hasn't happened to me yet, but I'm looking forward to next week.
For more information on Selling For Sale By Owner, New Jersey Homes for Sale, Bergen County Real Estate or any other topic,
call Sal Poliandro, Realtor, ePRO, SRES at 201-259-2187, or visit our website: http://www.salanddawn.com/
Sal can be reached by snail mail at RE/MAX Properties 81 North Maple Avenue Ridgewood, NJ 07450
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