Real Estate Commissions; All Real Estate Deals Are Big Deals

Reblogger Judith Abbott
Real Estate Agent with Coldwell Banker Residential

When it comes to Real Estate Commissions, all Real Estate Deals are BIG DEALS!  People have so many misconceptions about how real estate agents work.  That an Agent would have a minimum price for a deal is a good example of a common misconception.  There are no "small deals".  Every deal is a big deal.  Some deals may have small price tags, but they are still very big deals to the people involved. 

If you were to pull up a list of properties I have sold, you would see a $6,000 house at the bottom of the list.  Obviously, at that price, we are going to have to have a conversation about my out-of-pocket expenses and what it costs me to close a deal.  I have transaction costs that I can't avoid.  Those costs keep rolling forward without regard for the price of the property.   There are deals where the amount of the typical commission won't cover what it costs me in out-of-pocket costs to do the deal.  But, we can handle that problem.  That is where "isn't a big deal" truly comes into play!

Hope you enjoy the following post!

Original content by Tish Lloyd

I don't work in that price range.

"I know you don't work with people in my price range, but can you recommend someone who does?"

Image of surprised faceWHOA!  What?  Of course I work with people in your price range!  I don't even have to ask what that is, to know I work in that price range.  I'm a REALTOR®.  If you are ready, willing and able to buy or sell a home in Wilmington NC, I'm ready, willing and able to assist you, regardless of your price range.

What would make you think I don't work with your price range?  Excuse me?  A REALTOR® told you we all have price ranges we work in?  I don't even want to know who that was -- they don't speak for me!  I'd venture to say they don't speak for most of us.

Sometimes I don't work in certain areas, because it's not my area of expertise and a buyer or seller in those areas would be better served by working with a REALTOR® who is an expert in that area.  That has nothing to do with price ranges -- it does have everything to do with performing my job well.  If I don't feel I am the best agent for you, I'll tell you and I'll help you find an agent who is. 

Bottom line - my job is to assist people in the buying and selling of homes in the Wilmington NC area, regardless of their price range.  It may be a bit of a stretch, but to say I don't work with people in a particular price range, smacks of discrimination to me -- and I don't roll that way . . .  goodness, where do these misconceptions start . . .

 

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   Copyright © 2010 - 2011 All Rights Reserved

Tish Lloyd, REALTOR®

Broker

NC Real Estate Lic. 269076

Prudential Laney Real Estate

527 Causeway Drive

Wrightsville Beach, NC  28480

910.547.1446
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Topic:
Home Buying
Groups:
ABC's of Real Estate Marketing
Advice for Sellers
Advice for Buyers
Tags:
real estate commissions
real estate 101

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Rainmaker
149,668
Myers Jackson
Auctioneer, Texas Flip N Move - Grapevine, TX
America's Auctioneer

Judith I say that you have to earn a good living we must be willing to work at all costs and that means working in all price ranges..

May 26, 2011 03:50 AM #1
Rainer
26,216
Angela Hardy
BHHS Northwest Real Estate - Bothell, WA

I agree Judith! There are a few companies locally here who are upfront about the minimum sales price required for them to work with you - and at least one that openly advertises that they will not work with a client who wants to buy or sell a short sale or vacant land. Always amazes me that they would take those stances!

May 26, 2011 04:01 AM #2
Rainmaker
564,909
Steve, Joel & Steve A. Chain
Chain Real Estate Investments & Mortgage, Steve & Joel Chain - Cottonwood, CA

Judith,

Great reblog; We have a clear target market, but every client deserves honor, respect and excellent service.  

Best,

Steve

May 26, 2011 04:06 AM #3
Rainmaker
126,283
Tim Riddle
Tim Riddle Broker Associate,Marsha Hardin Real Estate - Azle, TX
SFR,TAHS, Azle ,Fort Worth Real Estate

Judith.   Great post, I hear agents say I wouldnt handle that property its not big enough. Well snooty agents like that usually end up in the soup line sooner or later.  We are here to help someone buy or sell anything no matter

May 26, 2011 04:15 AM #4
Rainer
372,643
Tish Lloyd
BlueCoast Realty Corporation - Wilmington, NC
Broker - Wilmington NC and Surrounding Beaches

Judith ~  Thank you so much for the re-blog; I am greatly complimented.

May 26, 2011 02:32 PM #5
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