Michael Brenner

Hi Dee,
Buyer 99% of the time pays the fee for service on every sale! In Florida, it is traditionally listed as a Seller expense on the HUD-1 most of the time. However with a short sale it is part of the listed expenses the Lender / Investor will absorb as part of the sellers closing costs. - Thu Sep 4 2008, 13:14

I think we beat this subject to a pulp...... I think B is appreciative to the extent of our honesty, and kicking a dead horse will no longer help. B, I think we would like to hear your response of our suggestions and find out if you agree, or not.

Please keep in mind; I really think all of us just want to make sure you do not get hurt in the process and have your best interest at heart, and give a little more insight as to how we are compensated and why.

Sincerely
Michael Brenner - Wed Aug 6 2008, 11:37

I agree with Tepper! Try it yourself. See if you like having strangers walk through your home unrepresented and possibly unqualified. You might be opening yourself and family to someone that is not there to buy your home, and have alternative motives for stopping by. I am sure someone in these hard times look for easy ways to take advantage of someone such as desperate homeowners wanting to save $60.00 for every $1,000 they receive on a sale if they used a Realtor by selling it themselves.
Realtors are not there to take a big cut of your money. They get compensated for providing you a safe selling environment to a qualified buyer who found your property because the Realtor spent their own money on advertising trying to sell your home. The Realtor only gets compensated on a successful close. The Realtor is providing you with strategic pricing that coincides with your local market so your home does not sit longer costing you more money through your monthly expenses. The longer your home sits the more you pay for it.
Try it yourself! Be available 7 days a week from 9:00 am to 8:00 pm... normal showing times. **Warning** If you deny a buyer a time to view your home because it was not convenient for you, or you were working.....good luck trying to get that buyer to come back on your time. You are the one selling so you have to make it available at all times. Do not schedule a vacation or a quick weekend get away, because that is a risk probably when your buyer will come around.
Try it yourself! Have that Real Estate Lawyer ready to review an agreement for you so you do not end up in court battling legal situations that could cost you thousands....because you, or the buyer overlooked something in the agreement. By the way **Warning** the lawyer will charge you each time to review, or by the hour, even if the buyer decides not to buy. Realtors only get paid when the property closes and you can have them review as much as you want and if the buyers walk he does not get paid.

So you can think you are saving $16,000 however, If you subject your family to unsecure practices that puts them in harms way, or puts you in court because you did not adhere to the fair housing act, or several hours of Lawyer review and no outcome...... It cost you more than that and you did not sell the home yet. Try it and see if you like it.

Not trying to be a wise guy I just know you did not take that in consideration. I have many conversations with those that want to sell on their own and they thank me when I am done....because they then understand what an important role I play in selling their home, and how much it actually does save them.

6% = $60.00 for every $1,000 you still get to keep $940.00!

If you had to deliver $275,000 to many entities, and make sure every $ was accounted for, and it was done legally, correct, keep all entities out of a litigious situation, & you were held accountable for it..........you would think 6% is worth handling that kind of responsibility.

Sorry so much to read.

Michael Brenner
863 557 3300
Realtor
Keller williams - Fri Aug 1 2008, 20:46

They should be paid based upon the agreed amount from all parties

Michael Brenner - Wed Jun 11 2008, 13:32

If the offer has not been accepted I would have your Realtor rescind the offer. If your offer has been accepted you might be subject to penalties within the parameters of the agreement.......every state is different; I would check with your Realtor.

Michael Brenner - Sat Jun 7 2008, 06:06

Hi Elissa,

The answer to your question is Yes, their are Realtors who can unbundle the service and charge a flat fee to advertise on the MLS..... Buyer Beware! You are choosing most of the time to represent your own transaction and you might be subject to many legal obligations you are unaware of. I ask you this! if you get an offer what will you do ... have a lawyer look at it?..... Please note: Lawyers want to be paid for their time........ what if you get 10 offers and none of them commit to a close .... that was money out of Pocket and you did not sell the home yet. I am not doubting your intelligence, I am just helping you see selling a home by owner is not always saving money.
The Realtor does not get paid unless it closes, so all the advertisment is on your plate....all the legal requirements and agreement review is at your own obligation. You might be upside down and need help with a Short Sale? I do not know your situation...... I would interview a Realtor first and let them give you a market analysis of your property and this way you can at least start off on the right foot. I would disclose your situation and see if they have a solution for you. FSBO have a 9% sucess rate according to NAR stats for 2007 and I would ask if for every $1,000.00 you receive giving up $60.00 towards fee for Realtors is really too much?

Michael Brenner - Wed Jun 4 2008, 11:57