Hi. I want to buy a condo/TH and want a recommendation for a real estate agent. I'm looking for buying in

Asked by Ak, Sunnyvale, CA Tue Jun 24, 2008

Sunnyvale/Santa clara/Mountain view area.

Above all the agent should think about buying a good house for me on which I can earn some money over next 5 years. I know that's dream goal of all buyers but I really mean it.

I want the discount broker who can return ~1.5% of the buying commision.

On my part, I am very motivated to buy the house and want to close the deal in next 2 weeks or so since my rental lease expires soon.

The loan shouldnt be a problem for me.

So recommend someone, recommend yourself too!

See ya!

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Chris Klebba, , Charlotte, NC
Tue Jul 1, 2008
I am glad to hear there is a buyer out there. Let me ask you a question to clarify for all involved here. Do you really mean that you want 1.5% of the commission? Let's say the commission is $10k. You want $150.00?? Or do you mean you want 50% of the Realtors' commission? That would mean $5k. If I lived in your area I'd do it for half price ONLY if you gave me 50% of your salary. That seems fair. In a time where the economy/Real Estate market is the worst it's been in years, I struggle to understand how someone would expect a Realtor to work for half price. It's appaulling that someone would even ask it!! What's even more shocking is that there are agents out there that agree to it. AGENTS-look at the expectation you are setting when you agree to work hard for someone and then give them HALF your paycheck!! It's criminal! I strongly caution any agent out there thinking of falling into this trap/habbit. You don't have to buy your clients. Show them what you're worth! Don't show people you are a pushover. AND, the next time someone asks you to work for half price, remind them that they wouldn't be buying a house if they worked for half price.

To the buyer-a fair commission is 3% of the sale price of the home. It's been like that for a VERY long time, at least in my area. How could you ever expect an agent that can't negotiate a fair commission for him/herself to EVER negotiate a fair price on your house?? Why do you care how much we EARN on a transaction such as this? You aren't paying the commission!!

Many of us are college educated. We all pay exorbitant dues to MLS systems, many of us have multiple MLS services to join. We all join local boards as a requirement. We all have to split our commissions with the broker and pay other fees to the office. We buy our own gas and run our cars into the ground. We spend evenings and weekends away from our spouses and children. We pay for continuous education and for various designations. Then we get to pay for advertising, realtor.com and MANY other websites. We pay for our own personal websites as well. My cell bill every month is almost as much as my mortgage!! This year, I figure my overhead to be in excess of $20k personally. Others is far more, and for some it's less. With that kind of overhead, mine is probably close to average, how could you ever justify asking in a public forum for an agent to give to YOU half of their earnings? Again, I would do it if I could have half of your salary. Keep in mind this is how we make money to pay our own mortgages, car payments, retirement savings, health insurance (no we don't get it from our employer), soccer camp for our kids, family vacations, etc. Good luck with the agent that choses to work for half price for you!! I hope they don't give you half the representation!
3 votes
Jeni Pfeiffer, Agent, Campbell, CA
Tue Jul 1, 2008
It sounds as though you are looking to find the best deal possible! Good for you! Let me ask you this, are you seeking the utmost value, lowest price and best deal in your purchase or just simply interested in a credit back toward your purchase? Beware of the easily handed instant credits, as those can often result in less care and time involvement in your overall transaction. The agent who does this will need to handle twice, three or even four times as many Buyers at the same time in order to earn a living. They may not have the time available to guide you in the most important factors that determine a great deal for you . . . price, location, schools, condition of property, negotiating repairs, advising you of hidden costs (repairs, foundation damage, Mello Roos taxes, future development nearby), etc. in one of the biggest purchases of your life. I would recommend that you interview a few agents to decide which one will be worth his or her weight in gold in obtaining and negotiating the best overall deal for you.
1 vote
Patrick John…, Agent, Cupertino, CA
Wed Jun 25, 2008
Hi Ak,

Congratulations to your pursuit of the American Dream! It is a worthwhile journey!

I'd like to hear more about what you are looking for in home and what you have lined up with regard to financing. More so than any discount that can be given, pick an agent that will be able to negotiate on your behalf and get you into a home that you can begin to build a financial future and enjoy pride of ownership. An agent that is willing to give up so quickly on their commission is not likely to be doing you any favors in the long run. Many factors will come into play with regard to your desire for price appreciation. Please call and interview me for the job. I would appreciate the opportunity to be of service.

Take care and hope to speak with you soon.

Patrick Johnson
(408) 410-9139
1 vote
Terri Vellios, Agent, Campbell, CA
Mon Sep 8, 2008
Hi AK, did you find your agent and house?

If not check out my website and email me if I may be of assistance. I have excellent referrences from past clients for you.
Web Reference:  http://www.terrivellios.com
0 votes
Ulli Rieckma…, Agent, Los Altos, CA
Tue Sep 2, 2008
Hi Ak,

Buying a house involves a little more than a willing buyer. The first thing you need is a real estate agent who knows what he/she is doing. It seems to me that you do not know the steps necessary to be a qualified buyer. If you like you can email me and request my monthly newsletter. In it I explain the process of buying a house and what all is necessary to close a good deal. What you want from an agent is a detailed explanation of every step of the way. It is of course understood that the agent knows the area in which you wish to buy.

Take care and happy house hunting.

Ulli Rieckmann-Fechner
0 votes
David Blockh…, Agent, Los Altos, CA
Tue Sep 2, 2008

I find your question interesting. You mention that you are very motivated and want to "close the deal in next 2 weeks," yet it appears as if you don't have your pre-approved loan in place ("the loan shouldn't be a problem for me)." How do you expect to "close the deal in next 2 weeks or so" when you don't even have a loan? You might want to talk to someone about the process of buying a house. Usually a buyer developes a budget based on a loan commitment and then goes shopping for the house.
Web Reference:  http://www.losaltoshomes.com
0 votes
SJ DT, , El Ranchero Estates, Plano, TX
Wed Jul 2, 2008
That's the market price, if people are not willing to pay that price, you got no customer, then you have to lower your price to attract them. I agree with Wai, "you get what you paid for", that also implies if you bought a cheaper house, then you got less service.
To Ak, I believe Ron and Ulli are willing to help out with your house matter, others do only if you pay 33% and more, and bear in mind that most people got at least 1% rebate nowadays.
0 votes
Ulli Rieckma…, Agent, Los Altos, CA
Tue Jun 24, 2008
Hi Ak,

I am a REALTOR with Cashin Company in Los Altos. We do extensive real estate deals in Mountain View, Sunnyvale and Santa Clara. We are a very reputable company with eight offices in the Bay area. Being a long time resident in this area I am very well informed and up to date on all the listings in this area. If you are looking for quality service please contact me at 408.679.0333.

Happy ouse hunting.


Web Reference:  http://www.HomesByUlli.com
0 votes
Ronald Minea…, Agent, Los Gatos, CA
Tue Jun 24, 2008
Dear Home Buyer,

Please give me a call, I'll be happy to work with you!

You can check out my website using the link below.

Web Reference:  http://www.ronminearo.com
0 votes
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