Does a bigger real estate firm mean that your house will be shown more often?
Sat May 3 2008, 12:38 - 43085 - Home Selling - 23 answers
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Not in the central Ohio market. As a group we are very co-operative and show each other's listings on a daily basis. If the agent showing your home is representing a buyer then he /she has a duty to show the homes that best meets the client's needs. Who has it listed should not come into play.
Yesterday, 17:01
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It's very simple. The more exposure you have, the more showings. The more showings, the greater chance of getting an offer. And of course, the more offers you have, the higher the price you may get for your property. Yes, most agents share MLS listings, but the MLS has slowly become one of the tools rather than THE TOOL. Over 80+% buyers and sellers go online to search for a property and an agent before even making the first human contact so that is why some companies (some more than others) have re-structured and focused their marketing towards the web. Having an online presence is one thing, but what really matters is driving the traffic to the sites and ultimately to your property. Ask yourself this question before you choose a company and an agent. There are independent sites out there that can give you this information so you are not misled by manipulated and wrong information.
Tue Jul 8 2008, 09:44 Web Reference: http://www.stelsells.com
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Absolutely!
I invest $1000s of dollars a year to offer the most up to date technologies and ability to market to millions due to buying search words and partnering with major web sites such as Trulia, Realtor.com (i showcase all listings with video) coldwellbanker.com, openhouse.com and more! Fact: 80% of buyers begin their search online. Fact: I have more web presence than my competitors. Fact: I get your home in front of more people, which betters your chance of finding a buyer that will the price for your home. The cost of my services is a function of the list price. You don't pay if it does not sell, so why risk it with small exposure? Tue Jul 8 2008, 08:43 Web Reference: http://www.toprealtorofcolumbus.com
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Lee,any will go on the MLS, but with a larger firm worldwide,those agents are on the same team,so your likely to get more showings,and it depends on tour realtor as well.
Regards; TJ Mon Jul 7 2008, 09:04 Web Reference: http://tjroberts.remax.com
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No relationship. Get an aggressive sale-saavy Realtor.
Sun Jul 6 2008, 17:19
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No, absolutely not! Your home is shared with all real estate agents through the local MLS to maximize exposure. In fact, the big real estate firms have a strategy of keeping the listing "in house" the first week which means it gets less exposure that first week than it would with a smaller agency.
Did I read your questions wrong? They all seem to be debating the commission fee not the exposure. Thu May 8 2008, 21:30 Web Reference: http://DublinHomes.Us
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Hi Lee!
From my experience, there is no correlation between home "showings" and the size of real estate brokerages. What can make a huge difference is the real estate agent you work with and the online and offilne marketing strategies they use. Rudy Social Media Guru at Trulia.com Mon May 5 2008, 09:06 Web Reference: http://www.truliablog.com
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Hi Lee: Good question and several good responses. But I think your question is more like: does a bigger real estate firm mean that your house will be sold quicker. Showing homes doesn't always equate to selling a home. Showing homes mean you get more exposure but if the home is over priced, needs work, poor location, etc, then I don't believe excess showings will get the home sold. When I want to sell a house, and I've been in real estate as a buyer and seller since 1966, I usually go with a firm and an agent that: 1) advertises extensively locally in the papers and on the net 2) that is generally the type of person that would buy my house (if I have a million dollar home, I would not select an agent, as an example, with less than 2 years experience and 25 years old) 3) has several listings in my price range, location and category (but not a agent who merely goes after listings in hopes of getting the selling commission). I think most agents now use the internet but that wasn't always the case years ago. Most important, I want an agency that is on the MLS -- yes, there are some agencies that are not. If not, it makes it difficult to show your house as they do not have access to the MLS type lock boxes that agents use to gain access to your house to show it. Some non-MLS agents may disagree with that last comment but I've been home buying where access has been somewhat difficult and time consuming without a lock box. Please understand that I am not a real estate pro. I am merely a buyer and seller. I use agents as I've found that good agents (and there are some worthless ones as well) make my buying and selling a lot easier. Anyway, Good Luck and I hope your home sells.
Mon May 5 2008, 08:10
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OMG JR ..l.o.l... you absolutely make my day ... you must have 250 pair of very thick pink sunglasses by now ..l.o.l... What comments are you reading..? .. yes, there is a ton of dissatisfied clients out there from full service agents ... maybe thats the reason why you're seeing so many quiet "customer appreciation checks" being sent out for thousands of dollars 10 and 15 months months after the closing from the brokers .... .. I guess they just want to share the love .l.o.l.. ~~~~~~~~~~~~~ The above was sent from the alternate universe Tman lives in. :) Mon May 5 2008, 05:28
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OMG JR ..l.o.l... you absolutely make my day ... you must have 250 pair of very thick pink sunglasses by now ..l.o.l...
What comments are you reading..? .. yes, there is a ton of dissatisfied clients out there from full service agents ... maybe thats the reason why you're seeing so many quiet "customer appreciation checks" being sent out for thousands of dollars 10 and 15 months months after the closing from the brokers .... .. I guess they just want to share the love .l.o.l.. Whats next.? .. you, "and" sniper fire .l.o.l... http://www.youtube.com/watch?v=uHVEDq6RVXc : ^) Mon May 5 2008, 04:39 Web Reference: http://www.youtube.com/watch?v=uHVEDq6RVXc
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What you charge is your business .. you'll just be one of many in that long line to be interviewed, along with their commission structure -- you'll either compete or you won't -- it matters not.
~~~~~~~~~~~~ I compete where it matters--I can show I get the job done. I realize some sellers may prefer an agent who takes 2% or a flat fee and puts the house on MLS and is never seen again--but don't we read comment after comment here from sellers complaining "i never heard from the agent again and my house is still for sale". I will let you take 2% and flat fee listings and give the rest of us a bad name when you don't get the job done and I'll be in that long line, all right--of agents going after your listing when it expires....oh wait, you aren't an agent. My bad. Sun May 4 2008, 09:42
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Lee,As far as shown more often.You have a better chance w/ bigger firm,yes a small co put your listing in the MLS like a big firm.But,It also goes in my RE/MAX site all over the world in every RE/MAX increases your looks.Does that make sense.The more exposure the better.
Regards; TJ Sun May 4 2008, 07:24 Web Reference: http://tjroberts.remax.com
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Absolutely not... We take listing agreements and enter the information on the MLS site. Buyers agents search based on their clients criteria, and show clients homes "they" are interested in.
Sun May 4 2008, 07:05
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If I were a home seller, I would definately look for a company that has presence and an agent that I am comfortable with. In todays market you can not afford to lose any showings. The easier your home is to show, the better. I have found that smaller companies may not be open the hours a larger firm is and it is much harder to schedule showings for some of those listings therefore you may lose potential viewings. I hear alot about commission, I personally think we should be making 8 or 10% for the amount of work we do. An agent does not make any money until a home sells. When it comes to one of your largest investments, you should not skimp on commission. Of course, be aware there are different commissions but also know that someone who is willing to cut their commission before your home has been placed on the market may not will not work very hard to get you the best price. Services cost - and the more service, the better your chances are of selling in this market. If you have any further questions, check us out on jeanninesells.com
Sat May 3 2008, 22:01
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>>>>> High commission doesn't always mean good value.>>>
And you denying the same thing over and over again, doesn't make it false. Denial isn't a river in Egypt .... besides, this isn't about you JR. What you charge is your business .. you'll just be one of many in that long line to be interviewed, along with their commission structure -- you'll either compete or you won't -- it matters not. : ^) Sat May 3 2008, 21:25
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The days of showing 5 houses On Sunday and a contract by Wednesday are over ... many full size, full service companies are discounting rates as we speak ..
~~~~~~~~~~~~~~~~~~~~~~ Saying the same thing over and over again, doesn't make it true! Sat May 3 2008, 18:51
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Hire the agent, not the company. A good or great agent will present a written marketing plan, with time frames indicated, that tells you how much marketing will be done for your home. They will present this at the CMA appointment or the listing appointment --BEFORE you sign a listing agreement.
The best agents will custom build your marketing plan to suit your property. For instance, marketing a horse property will be very different from marketing a high-rise condo unit. The agent will indicate which marketing targets agents who are working with Buyers that are suitable matches for your property, and which marketing targets Buyers directly. Interview several agents, and let them know when you make contact that they are up against others to gain the listing of your home. This keeps them on their toes! The best agents will have lots of direct contact written into their plans, and they will be able to explain how this benefits you. The best agents will also make you a "marketing partner" in the plan. Quite likely the best marketing plans will mean higher commission. More hours of work are being done on your behalf. This means that I, as an agent ,am not only working harder--I am also refusing other clients, so I can concentrate on your home sale. I need to make a living at my craft, and I believe that I offer very valuable attention and service to my Sellers. So if the commission is too low, I won't take it. Compare agents and marketing plans, and decide what is the best value for you. High commission doesn't always mean good value. Best wishes--I hope this helps! let me know how it works out for you. Linda Carroll Sat May 3 2008, 18:25
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