Home Selling in 98682>Question Details

Kimberann, Home Seller in 98682

are there any 1% to sell agents in vancouver wa?

Asked by Kimberann, 98682 Mon Jul 30, 2012

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9
hello interested readers!! I am a former Realtor. If not all, at least most listing agents will tell you about their super duper marketing program.

Now, ask the agent to show you actual verifiable data that supports the claim that the super duper marketing program had anything to do with selling any listing??? Hearing this question, most agents will be defensive or try to avoid a straight answer. WHY?? the fact is that your listing goes in the MLS database, and then 80-90% of the time, an agent from a different company who is working with a Buyer who might be interested in what you are offering shows that Buyer your home and he/she/they buy your home. Nowadays, the Buyers might have found the home at Realtor.com or other websites.....the listings show up at different websited only because they have been entered into the MLS database!!

Guess what.....the MLS is off limits to the general public, and no other entity has yet developed a publicly accessible database that allows the type of property searches that can be done with the MLS database.

There is no reason that areasonably intelligent person cannot sell a home without a Realtor......but logically lkely the time to sell will be longer, as your home will not be findable by Realtors working with Buyers......and because realtors view a by owner property as competition, not an opportunity for a sale to a Buyer.

So, you must ask if the extra $1000s of commissions is reasonable in light odf the probability of a quicker sale with a MLS listed house. Unfortunately, many Buyers seem to be afraid of buying directly from a Buyer without a middleman Realtor. Scare tactics used by Realtors do have an impact on the public!!

One thing fr sure...if you want to net x dollars from the sale of a home, you can offer a more competitive price when no commission is involved!! many Sellers just do not have the time to attend to showing a home, being involved in the back and forth of a negotiation, providing what the escrow company asks for, etc.

Remember, when you sell a home, just be totally honest in your disclosure of any past problems and any hidden defects......if you do that, you should not need to worry about any future legal problems over the sale of your home!!! having a Realtor represent you will NOT relieve you of the obligation to be totally candid about your home!!!

There is a midway solution...find a 1% Realtor who will offer limited servive re showing your home, etc., but who will keep your property active in the MLS. Even more economical, but with the lowest level of assisatance, you can find flat fees of$200-$500 for Realtors who do almost nothingexcept place your listing in the MLS. Your listing this way would typically include a 2.5% commission offer for any Realtor representing a Buyer who purchases your home...you would do the showings on sign calls, take calls from interested Realtors, open houses, negotiation,etc.still, for that effort, you could save 2.5-3.5% of sale price and price your home more competitively for the same net!!

I have tried to give a balance presentation of different approaches to selling your home....how much hand holding do you want, timeliness of finding a Buyer,,,,etc.. no one way is "right" !!! no matter what a biased realtor may tell you!!
0 votes Thank Flag Link Sat May 30, 2015
Kimberann, what all these so-called Pros are NOT telling you is the games they themselves play behind the scenes, regarding pricing and the various scenarios behind the scenes going on in the background with your own personal situation. MOST of these so called Pros smile in your face, tell you what you want to hear, but their end game is all the same: as brokers & realtors, we can stick together, tell the client they can only realistically expect this much, and for sure do not count on Trulia nor Zillow estimates, because they do not realistically match what's really going on in the real market here. That's their way of putting Zillow and Trulia down, in order to get ALL sellers to sell cheap, FAST, so they get a quick commission, and off to the NEXT Sucker. This my dear is how these so-called experts help YOU, by helping themselves, at your expense first. You notice some of these idiots are bold enough to put here 5%-7%, for BS. They don't do jack after that. No I'm not a disgruntled past client, because I simply have always used common sense to advertise the property myself, and the Truth be told, it sells about the same. Remember, the ulitmate bottom line is the Buyer, what the buyer is willing to PAY...PERIOD. Most of these idiots have a license to cheat the consumer, by any means necessary, and smile in your face and try to get you to think they actually deserve 7%. Now sit back and watch their defense stance response here. Watch the nerve I just hit.
0 votes Thank Flag Link Sun Apr 20, 2014
I seriously doubt you'll get the reaction you're looking for. Your answer is so obviously ridiculous and inflammatory that nobody will take it seriously.
Flag Sun Apr 20, 2014
I would agree with Dan, and also point out with limited service agents doing less and having less at stake, they care less about success. For example, they might not tell a client that the price that they want is unrealistically high or too low. In the former case the property can just sit there accruing interest well in excess of the difference in commission. In the latter case the property will sell very quickly, but in doing so more money will be left on the table than the difference in commission.

Again though as Dan noted full service agents can do those same things. You really want to focus more on the quality of the agent and not so much on what they cost.
0 votes Thank Flag Link Tue Jul 31, 2012
Kimberann,
Focusing on the commission will probably net you a lower amount in the end then finding the best agent available. Great agents bring value to a transaction; they save their clients money, protect their interests and keep the transaction moving along.
Now, I didn't say all agents do this, I said great ones do, so don't be fooled into thinking that agent A is charging more than agent B so they must be better. There may be great agents who charge less and there are poor agents to charge more. Focus on the quality, experience and knowledge first, then discuss what they need to provide their top notch services.
A great agent is worth more than their commission, but a bad one will cost you in ways beyond just the commission.
0 votes Thank Flag Link Mon Jul 30, 2012
Thanks to everyone who answered my question, do appreciate all the feedback!
0 votes Thank Flag Link Mon Jul 30, 2012
Sorry. It just isn't possible to market and advertise on Rmls systems for 1%. Are you sure there isn't room to hire good broker? I Would be happy to do a market review for you and go over your potential costs and pricing.

All the answers here are correct.
Best to you!
Patricia Bergren
Coldwell Banker
360-798-6733
0 votes Thank Flag Link Mon Jul 30, 2012
hey Kimberann,
That is a great question, typically you will not find a full service agent for 1%, and I need to tell you if you want to sell your home for the most amount of money and fast the you want to find a full service agent that can help you. A 1% listing agent is an agent that typically is a limited listing agent and all they will do is put you on the Multiple Listing Service and that is all.
When you sell a home you want to make sure you are protected, would that not be worth 3%? I do 3%, now that additional 2% gets you a full 18 point marketing plan that is proven to get homes sold fast. I tyically sell homes in 45 days, when using a 1% listing agent they are tyically on the market for 6-9 months and by that time you have misses the market.

So yes you can find a 1% listing agent, but typically you will not get any service from that agent.
0 votes Thank Flag Link Mon Jul 30, 2012
Hello,
You said you charge 3% to sell home. Is that include everything? What about tax?
Waiting for your reply. Thanks. R.
Flag Wed Jan 13, 2016
Hi Kimberann

What you will be looking for is a "limited service company". May get you in the MLS, but unless your property is valued near a million or more - don't expect much in the way of marketing or negotiating on your behalf. If you want the job done correctly pay for a good full service broker - you will get advice on how to maximize your properties value, your property will be professionally marketed and advertised and when offers come in you will have someone that knows how to negotiate real estate - this in its self has frequently been known to give greater return than the added commission cost. My job is to get the highest price for my sellers and the lowest for my buyers - and often spend much more than expected to achieve that - but as I said that is my job! With that said - before you list - advice and answers to your questions are always free and given happily.

Best Regards

Bardell Wagner, Broker

Re/Max Equity Group
1301 SE Tech Center Dr. # 150
Vancouver WA 98683
Office 360-256-5733
Cell 360-606-4298
Fax 360-256-6554
Email bardell@realestatea2z.com
Mobile winningmoves@gmail.com
0 votes Thank Flag Link Mon Jul 30, 2012
I am sure there are, but how much are we offering the other side?
There are a couple of sides to agency...when you hire a sellers agent you are hiring a professional who will advocate for you, devise a marketing plan, work out a sales strategy, and work with you every step of the way protecting your best interests. You pay a percentage to your agent who then splits that percentage as an incentive to buyers agents to bring their clients to see your home, and hopefully, make an offer on it. The sellers agent represents you, and the buyers agent represents the buyer. Some agents will offer to do a dual agent where your agent also represents the buyer as well, but I do not advise this. You want to hire an agent who will only work for you, representing you...not any other party.
In real estate you do get what you pay for, and a good agent wants to represent you to the best of their ability, and to provide commission to the other side as well so that we are encouraging everyone to bring their best clients and offers. The average commission in our area is 5%-7%, but please remember that your agent doesn't receive all of that. My commission is 5% as a sellers agent, and I split that down the middle with the buyers agent. Both agents work very hard to bring everyone to agreement and to create excellent customer service that will encourage long term referrals. There are a lot of details involved in the real estate process, so instead of just looking at price, look at quality of customer service. This is just my advice and you can do with it what you will. :-) Please feel free to call or email me with any questions...I am, as always, happy to help!
Tracie DeMars
Re/Max
360-903-3504 cell
traciedemars@aol.com
0 votes Thank Flag Link Mon Jul 30, 2012
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