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Steele V. Propp
"Specializing in Foreclosures and Bank Owned Homes"
- 8 Helpful Answers
- 28 Answers
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Experience:
Director, Bank Owned Property Division for Schatz Real Estate Group
May 2003—present
Specialist in Pre-foreclosure and foreclosures. Handle bank owned housing for numerous…
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Specialist in Pre-foreclosure and foreclosures. Handle bank owned housing for numerous…
Specialties:
Foreclosure Specialist
Certifications
& Awards:
& Awards:
Certified Distressed Property Expert, Short Sale Specialist, Certified Foreclosure Broker, Home Retention Counselor
Interests:
Movies, Music and Literature
About:
With over 25 years in real estate I have experience the various cycles of the economy. Seeing that a downturn was coming I turned my focus on foreclosures
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Testimonials:
"Thank you, Steele, for all your help during our time of need. Other agents had given told us to simply let our house be foreclosed on but you showed
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Steele V. Propp answered:
No argument here, Mack. What is interesting to me is that this would rarely be considered yet every day agents use a percentage on the listing side. The theory is that it is an inducement for the listing agent to negotiate harder to get a higher price.
Now, there is rarely more work on a $300,000 house than one a $200,000. Yet the pay is significantly higher. Would think sellers would catch on to that as well. From that standpoint wouldn't hourly make more sense? Yet literally any alternative fee structure on the listing side is considered clumsy as well. Or even illegal.
Frankly I think all this really comes down to habit. And both real estate agents and consumers are used to it being done a certain way.
Interesting to speculate on things like this but no real change has occured in a long time.
Now, there is rarely more work on a $300,000 house than one a $200,000. Yet the pay is significantly higher. Would think sellers would catch on to that as well. From that standpoint wouldn't hourly make more sense? Yet literally any alternative fee structure on the listing side is considered clumsy as well. Or even illegal.
Frankly I think all this really comes down to habit. And both real estate agents and consumers are used to it being done a certain way.
Interesting to speculate on things like this but no real change has occured in a long time.
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