Comments on: Do you think traditional real estate agents charge too much to sell your home ? http://www.realestatearena.net/2007/01/29/do-you-think-traditional-real-estate-agents-charge-too-much-to-sell-your-home/ A blog dedicated to provided both Real Estate agents and their cleints with valuable information and news about home buying and selling, along with how to promote real estate online. Thu, 28 Aug 2008 17:03:27 +0000 http://wordpress.org/?v=2.6 By: rich purdie http://www.realestatearena.net/2007/01/29/do-you-think-traditional-real-estate-agents-charge-too-much-to-sell-your-home/#comment-3905 rich purdie Sun, 10 Jun 2007 19:16:35 +0000 http://www.realestatearena.net/2007/01/29/do-you-think-traditional-real-estate-agents-charge-too-much-to-sell-your-home/#comment-3905 selling my house..3% to my agent 4% to others. will i get more agents willing to sell my house if i up the commision to 5% to my agent and 6% to others? selling my house..3% to my agent 4% to others. will i get more agents willing to sell my house if i up the commision to 5% to my agent and 6% to others?

]]> By: Are you out of your flipping mind? http://www.realestatearena.net/2007/01/29/do-you-think-traditional-real-estate-agents-charge-too-much-to-sell-your-home/#comment-2388 Are you out of your flipping mind? Thu, 31 May 2007 17:16:24 +0000 http://www.realestatearena.net/2007/01/29/do-you-think-traditional-real-estate-agents-charge-too-much-to-sell-your-home/#comment-2388 "Do you think 2% is a lot of money for 1 hour’s of work?" WHAT?!!? Are you out of your flipping mind? There is A LOT of behind the scenes work that still has to be done all the way up to the day of closing and in some cases after closing. To say that a realtor makes that much money for one hour of work is just plain ridiculous on your part! “Do you think 2% is a lot of money for 1 hour’s of work?”

WHAT?!!? Are you out of your flipping mind? There is A LOT of behind the scenes work that still has to be done all the way up to the day of closing and in some cases after closing.

To say that a realtor makes that much money for one hour of work is just plain ridiculous on your part!

]]> By: Joey Peglar http://www.realestatearena.net/2007/01/29/do-you-think-traditional-real-estate-agents-charge-too-much-to-sell-your-home/#comment-1801 Joey Peglar Fri, 18 May 2007 22:06:19 +0000 http://www.realestatearena.net/2007/01/29/do-you-think-traditional-real-estate-agents-charge-too-much-to-sell-your-home/#comment-1801 Just remember you get what you pay for. If you want a 1% agent you will get a 1% job. The cost of advertiseing is out of this world. My company spends over 5,000 a month just with the local newspaper not to mention 2500 a month for the local radio then you have the local MLS board that charges you for everything you input. The cost of a nice web-site will put you back another 650 per month and that is just a few things you will never see a discount fly by night company ever do. Then you still have all of the little magazines that every seller wants to see there property featured the cost is about 250.00 per page if you are lucky. Did you know that a spot on realtor.com will cost an agent or a company approx 750.00 per month per features listing OUCH!!!! That is all before you pay for your normal over head cost. Do we get lucky sometimes yes..do we sometimes list peoples homes that are over priced because they think they have the best home ever made YES and guess who pays for all that advertising when your home does not sell. NOT THE SELLER Just remember you get what you pay for. If you want a 1% agent you will get a 1% job. The cost of advertiseing is out of this world. My company spends over 5,000 a month just with the local newspaper not to mention 2500 a month for the local radio then you have the local MLS board that charges you for everything you input. The cost of a nice web-site will put you back another 650 per month and that is just a few things you will never see a discount fly by night company ever do. Then you still have all of the little magazines that every seller wants to see there property featured the cost is about 250.00 per page if you are lucky. Did you know that a spot on realtor.com will cost an agent or a company approx 750.00 per month per features listing OUCH!!!! That is all before you pay for your normal over head cost. Do we get lucky sometimes yes..do we sometimes list peoples homes that are over priced because they think they have the best home ever made YES and guess who pays for all that advertising when your home does not sell. NOT THE SELLER

]]> By: Jeff http://www.realestatearena.net/2007/01/29/do-you-think-traditional-real-estate-agents-charge-too-much-to-sell-your-home/#comment-512 Jeff Thu, 29 Mar 2007 13:12:38 +0000 http://www.realestatearena.net/2007/01/29/do-you-think-traditional-real-estate-agents-charge-too-much-to-sell-your-home/#comment-512 I think that Realtors charge way too much money. I have just put my condo on the market with a cmpany called Fortune International Inc.. They in turn listed it on a website. They put little of no effort into the sale, apart from a five showing to an interested buyer. Yet they charge 6% which will net them $11,000 for sitting on their butt and doing nothing., They will also try to mug the buyer with extritionate 'Closing Charges' and if that buyer is gullible they will end up paying unnecessary fees and hidden charges. A 'transaction fee' is also added on which they expect both the buyer and seller to pay. It is a major rip, it's hghway robbery and should be stopped. FREC the Standards Agency for Relators should be made to investrigate what is essential theft. I think that Realtors charge way too much money. I have just put my condo on the market with a cmpany called Fortune International Inc.. They in turn listed it on a website.

They put little of no effort into the sale, apart from a five showing to an interested buyer. Yet they charge 6% which will net them $11,000 for sitting on their butt and doing nothing., They will also try to mug the buyer with extritionate ‘Closing Charges’ and if that buyer is gullible they will end up paying unnecessary fees and hidden charges. A ‘transaction fee’ is also added on which they expect both the buyer and seller to pay.

It is a major rip, it’s hghway robbery and should be stopped. FREC the Standards Agency for Relators should be made to investrigate what is essential theft.

]]> By: Mike Montague http://www.realestatearena.net/2007/01/29/do-you-think-traditional-real-estate-agents-charge-too-much-to-sell-your-home/#comment-16 Mike Montague Wed, 31 Jan 2007 01:27:50 +0000 http://www.realestatearena.net/2007/01/29/do-you-think-traditional-real-estate-agents-charge-too-much-to-sell-your-home/#comment-16 <em> I am sure that this realtor feels that the percentage for listing and the subsequent %ge he makes if he makes the sale is adequate for what he is expecting.</em> That is apparent in his comments Rob however this person goes well beyond stating his own expectations and clearly slanders the industry he represents and all for his own personal gain. Very unprofessional Plain and simple. I am sure that this realtor feels that the percentage for listing and the subsequent %ge he makes if he makes the sale is adequate for what he is expecting.

That is apparent in his comments Rob however this person goes well beyond stating his own expectations and clearly slanders the industry he represents and all for his own personal gain. Very unprofessional Plain and simple.

]]> By: Rob Parker http://www.realestatearena.net/2007/01/29/do-you-think-traditional-real-estate-agents-charge-too-much-to-sell-your-home/#comment-15 Rob Parker Wed, 31 Jan 2007 01:09:01 +0000 http://www.realestatearena.net/2007/01/29/do-you-think-traditional-real-estate-agents-charge-too-much-to-sell-your-home/#comment-15 The post was on behalf of the site listed, I am sure that this realtor feels that the percentage for listing and the subsequent %ge he makes if he makes the sale is adequate for what he is expecting. The post was on behalf of the site listed, I am sure that this realtor feels that the percentage for listing and the subsequent %ge he makes if he makes the sale is adequate for what he is expecting.

]]> By: Mike Montague http://www.realestatearena.net/2007/01/29/do-you-think-traditional-real-estate-agents-charge-too-much-to-sell-your-home/#comment-14 Mike Montague Tue, 30 Jan 2007 23:53:38 +0000 http://www.realestatearena.net/2007/01/29/do-you-think-traditional-real-estate-agents-charge-too-much-to-sell-your-home/#comment-14 Talk with a realtor who was in the business 10 years ago. Ask him what percentage of his income went to cover costs then compared to now. Ask him (or her) if they are working any less time or require any less effort to complete a deal now than 10 years ago. Ask if they are required to be more specialized and bare higher liability for their profession. The cost of living keeps pace with the cost of housing. At best most Realtors are holding ground on a per trade basis. If all you are doing for your clients is what you outline in your post then I am sure you are earning every penny of your commission. Talk with a realtor who was in the business 10 years ago. Ask him what percentage of his income went to cover costs then compared to now. Ask him (or her) if they are working any less time or require any less effort to complete a deal now than 10 years ago. Ask if they are required to be more specialized and bare higher liability for their profession. The cost of living keeps pace with the cost of housing. At best most Realtors are holding ground on a per trade basis. If all you are doing for your clients is what you outline in your post then I am sure you are earning every penny of your commission.

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