Comments on: NYC Seller Offers 10% Real Estate Commission

By: JBPRG

JBPRG — Tue, 07 Aug 2007 00:07:07 +0000

This strategy has been used and 10% does get attention.

By: Mike Kane

Mike Kane — Fri, 01 Sep 2006 02:16:18 +0000

and to think that I do anything I can to screw the broker, look at this crap.

By: sellsius°

sellsius° — Fri, 04 Aug 2006 04:52:16 +0000

Chris, have you ever heard of a broker in the midwest trying this strategy?

By: Chris Dowell

Chris Dowell — Fri, 04 Aug 2006 04:48:29 +0000

Awesome! great marketing. Let me know if it works, please. I’m not competition. I’m from the midwest.

By: sellsius°

sellsius° — Fri, 23 Jun 2006 02:54:41 +0000

larry - every seller should understand the exact details of what a prospective agents / companies marketing plan is before they sign any exclusive agreement. better yet, the agent or company should make it part of their listing presentation and highlight where, when and how often they will market their property and provide updates on all marketing efforts.

expired listings do happen for various reasons. most often, it’s because of improper pricing and lack of exposure.if that agent you mentioned includes a detailed marketing plan in his listing presentation along with past client testimonials, he should have a a good chance to represent them.

i wish him luck.

-rdb°

By: Larry Cragun

Larry Cragun — Fri, 23 Jun 2006 01:29:08 +0000

rdb: Yes for sure. However, I just spoke to an agent that has started marketing expired listings. His first mailing is getting call backs. He notes most of the mailing went to people that had listed with companies that don’t give any effort on marketing.
Larry

By: sellsius°

sellsius° — Thu, 22 Jun 2006 23:22:52 +0000

larry - i think the property still has to be priced realistic to current market conditions - regardless of the commission.

-rdb°

By: Larry Cragun

Larry Cragun — Thu, 22 Jun 2006 22:22:11 +0000

This is what was projected to happen on the Inman conference a few months ago. Supply and demand. The time is returning where marketing skills are important.

By: sellsius°

sellsius° — Thu, 22 Jun 2006 17:54:02 +0000

Thanks to Christine Forgione of NY Houses 4 Sale for pointing out that this may be a great way to get buyers brokers working for you.

See her post here:
http://nyhouses4sale.typepad.com/ny_houses_4_sale/2006/06/calling_all_bro.html#trackback

-rdb°

By: sellsius°

sellsius° — Thu, 22 Jun 2006 17:47:06 +0000

Thanks to Noah form Urban Digs for following up on this story. He pointed out some interesting items on his post which included:

- Days on MARKET
- Recent Sale Comps
- Active Listings in the Building
- May be overpriced based on recent sales.
- Will it appraise if offer is close to ask or ask?
- Slower market needs a more realistic asking price - not necessarily a higher commission to justify an inflated price.

See his post here: http://www.urbandigs.com/2006/06/10_commission_a.html

Has anyone actually seen this listing?

-rdb°