There is a NEW question in Real Estate - Have you heard it?

By
Real Estate Broker/Owner with Godzyk Real Estate Services NH License 033394

How LOW will you go? I am not talking dance moves, I am talking commission. There is a new wave of online tips, that tells sellers to have agents bid listing their home. The agents with the lowest commission gets the listings.

 

Yes this is really happening and I will tell you why it is so wrong. A Home seller should ask how much an agent charges, but MOST IMPORTANT, is to ask what you get for what you pay.

 

You would not hire the lowest price teacher, lowest price doctor, lowest price dentist, lowest price plumber or lowest price lawyer. In this world, you get what you pay for. Now that does not men you can't save money when selling your home. It does mean you should not just focus on commission.

 

A great listing agent will more than cover their commission with a quick sale at the best obtainable price. DO you want a low cost agent to list your house, put a sign up up, put it in MLS and wait for a buyer to come to you? Of course not, but that is the sole plan of many discount people. 

 

My last listing appointment where the seller asked this question, asked me what I would do different. The answer was simple. I do not wait for a buyer to come to us, I go find buyers. Using marketing and advertising to reach the most potential buyers we can. Show them your house is for sale, what makes it special and why they need to come see it right away. 

  

In the end, sellers should be care full. We have a changing market. Pricing a home is an art. Getting the seller the most money form a sale is one of our goals. Reducing or eliminating stress is another. Ask questions and do not settle for less because the Internet tells you to.  

 

 

The MOST IMPORTANT thing in real estate for me, is to provide great service. To stand out from the crowd by being there through each step of the buying or selling process. My message that I want to share in Real Estate, is that my philosophy is simple, to provide more personal and professional service to guide clients through each step of the buying or selling process. All Agents are not created equal and every buyer or seller should take the time to hire the BEST not just the biggest.

 

To CONTACT Scott Godzyk please call 603.661.2121 or EMAIL: Sctprop@aol.com .

 

About the Author: Scott Godzyk is the Owner/Broker of the Godzyk Real Estate Services in Manchester NH. Proud to be locally owned and operated with 33 years of experience, Scott is a leading Agent for Listing and Selling Homes in this area.We are Full Time Agents ready to serve all of your Real Estate needs. Servicing Hillsborough, Rockingham, Merrimack and Belknap counties. 

 

    

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Kathy Streib
Room Service Home Staging - Delray Beach, FL
Home Stager - Palm Beach County,FL -561-914-6224

Hi Scott- agents who offer not just their ability to list a home on the MLS but also their experience, local expertise, knowledge, judgment, etc are adding much more to what someone might get if they looked solely for the lowest commission. 

Nov 04, 2019 02:36 PM #1
Rainmaker
3,177,182
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

As I often say, you wouldn't hire a cheap attorney or doctor as too much is at stake. Don't hire a cheap broker... your biggest financial investment is at stake.

Nov 04, 2019 02:57 PM #2
Rainmaker
1,551,602
Marte Cliff
Marte Cliff Copywriting - Priest River, ID
Your real estate writer

Coming home from town today I heard a radio ad for a real estate company offering a 1% listing fee and "professional photos, drone photography, and great marketing. "

My thought was "Yeah sure."

Beyond that, when I was an agent you could lose your license for revealing your commission to other agents. I'm in Idaho and that ad was from Washington, but I always assumed the same rules applied.

Has that changed?

Nov 04, 2019 03:29 PM #3
Rainmaker
2,578,599
Myrl Jeffcoat
GreatWest Realty - Sacramento, CA
Greater Sacramento Real Estate Agent

You ask important questions about how low can a real estate professional go, and still provide adequate professional marketing and service to a seller.  I remember during the 1980s there was a company that I believe was nation wide that was a discount broker.  They did fairly well when homes were selling during that robust market.  However, they bit the dust when things got tough, and homes weren't selling at lightening speed.  Somehow, I think we may have deja vu all over again, if there is a market downturn.  

Nov 04, 2019 07:35 PM #4
Rainmaker
3,340,831
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Good morning Scott. Never been good at the limbo, so I don't go low. Once a guy wanted me to cut my commission by about 15%. I said drop your price by 15% and I will play. He did not like my sandbox! Enjoy your day!

Nov 05, 2019 05:27 AM #5
Rainmaker
3,040,424
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

I always like to get that point across to sellers Kathy Streib 

Nov 05, 2019 06:05 AM #6
Rainmaker
3,040,424
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

Exactly Nina Hollander yet that is what a lot of people are doing, i just dont get it

Nov 05, 2019 06:05 AM #7
Rainmaker
3,040,424
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

Those ads are illegal here and i would think federal too as part of the anti trust??? Yet i hear them here to Marte Cliff 

Nov 05, 2019 06:06 AM #8
Rainmaker
3,040,424
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

I am already seeing it Myrl Jeffcoat and the discounts have a new "trick" that i will write about, i am exploring it and will share soon.

Nov 05, 2019 06:07 AM #9
Rainmaker
3,040,424
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

I like to do that too Wayne Martin

Nov 05, 2019 06:08 AM #10
Rainmaker
450,178
Tom Bailey
Margaret Rudd & Associates Inc. - Oak Island, NC

Good morning Scott. I believe in the old saying "you get what you pay for". If you are sick you want the best doctor, so when selling a big investment why would you go cheap.

Nov 05, 2019 06:55 AM #11
Rainmaker
740,498
Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

'How low will you go?'

Do you know how quick I would disconnect from ANYONE who said that to me?

Right there I now know that they place NO value on our time, expertise and resources.

If you accept a client like that, they will rape and pillage your very soul. I am not being overly dramatic here, LOL

'How someone does something  = how they will do everything.'

Please goofball, enjoy the bargain basement broker who will throw themself (and later, you) under the bus. 

Nov 05, 2019 07:40 AM #12
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