Submitted by davesellsnseattle t3_10mrgym in IAmA
[removed]
Comments
davesellsnseattle OP t1_j64zfpi wrote
For the following reasons:
- No real Estate attorney knows marketing.
- No real Estate attorney is going to drive you around to shop for homes.
- No real Estate attorney is going to explain to you how to prepare your home for sale.
- The average person does NOT want to negotiate or haggle with an opposing buyer or seller.
- The average consumer in the USA is aware of 'Consumer Protections' and 'Fair Housing Laws' that protect them, but unaware of how they apply.
- No real Estate attorney is going to facilitate your inspections.
- No real Estate attorney is going to show your home to buyers and actually try to SELL them on it.
- No real Estate attorney is going to show you homes.
- No real Estate attorney is going to answer your phone calls at all hours
- No real Estate attorney is going to do all the above up front with NO PAYMENT until closing.
I could go on for quite a while. Lots of GREAT reason to hire a helpful Real Estate broker!
middleagerioter t1_j6508jw wrote
Everything you said sounds like a made up bunch of marketing by real estate agents to make people think they need one.
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Sorry, I just think you guys are mostly like used car salesmen-Shady. Houses sell themselves considering where they're located and what people can afford. That's it. No other reason.
davesellsnseattle OP t1_j6516bu wrote
and everything I hear on the media sounds like fear-mongering BS.
Realtors are licensed by the state and required to act as fiduciaries. Used (or new) car salespeople are neither. That comparison is just another red herring people cling to to make sense of things they dont understand.
I am willing to show anyone real, current, actual sales numbers and prove that the only thing falling is what home sellers have been asking for. Actual closed sales PRICES are NOT falling. Not at all.
middleagerioter t1_j652p2v wrote
Car salespeople do, in fact, have to be licensed by the state--Not just the dealership, but the salespeople, too.
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I also hold several professional state licenses and that just means I have to pay a fee to the state every year after taking an original test on the subject matter.
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Marketing is just a gimmick to get people to spend their money over here and not over there. Anyway, real estate agents are overpaid for what they do, IMO.
davesellsnseattle OP t1_j6540ct wrote
I'm glad to hear they are licensed in your state. They are not everywhere. One thing is certain, licensed or not, they are not looking out for the buyers interest. They are trying to convince the buyers to buy for the benefit of the salesperson & the dealership, and THAT is far shadier, IMO.
Real Estate Broker are one of the only remaining service providers who try to truly act in the interest of their clients. Attorneys.... that's also their schtick. No one else that I can think of truly advocates?
middleagerioter t1_j654w6c wrote
Man, y'all are just trying to get that 6% commission in your pocket!
davesellsnseattle OP t1_j65nc1c wrote
Well, I do go to work in exchange for a pay check, just like you do.
A note about the 6% tho: half of that is designated for the buyers broker, the other half for the sellers broker (generally), That means, if I represent the seller, my company gets 3% of the sale price when we are closed.
My cut of that is 64% of that 3%, before I pay taxes OR expenses (like paying for photoshoots, videos, floorplans, virtual tours, flyers, signs marketing specific to the property, and employees.
So, on a $400k sale, my Company makes $12k. Of that I get $7680. Then I pay taxes (35%) leaving $5376 to pay expenses, employees, then finally, myself.
Average Realtor sells about 8 a year. If I'm average in this business, I'm poor.
PeanutSalsa t1_j64r0ch wrote
How does one determine if the overall market is overpriced or even in a bubble? What signs can someone look for to determine if prices will or could be coming down?
davesellsnseattle OP t1_j64zlo9 wrote
That is 100% a subjective opinion with equally subjective ways to come up with it.
davesellsnseattle OP t1_j654ezj wrote
Best I can do is show you how I find out whats really doing on regarding current sales. HMU if you like and I can record a scream capture of how I figure those things out.
luckyvm t1_j65bsr7 wrote
Is this true that mentality of a realtor is to always say what client wants to hear?
ex: if client is a buyer and asking is it a good time to buy realtor will always say yes, no matter what, he will find arguments. At the same time if client is a seller and asking is it a good time to sell the answer will also be yes with different arguments but args that were mentioned to a buyer will not be mentioned
davesellsnseattle OP t1_j65gec0 wrote
100% false.
I have told 3 potential clients in the last 12 months that it probably does not make sense for them to sell right now. One of those was a $2m home in Kirkland.
Little known fact: Real Estate agents are 1) Licensed by the State and 2) required to act as a fiduciary for their clients.
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middleagerioter t1_j64qw4f wrote
Why do real estate agents exist? I can sell my house to whomever wants to buy it and an attorney can do up all the paper work for a fraction of the cost, so why do people need agents?