Have listed my home with a realtor. Need tips on pricing and quick sale. Broker wants to decrease asking price after 3 days on MLS due to no showings?
206637
Wow...that's a little soon.....  Agents that I have worked with will do everything they can before dropping it that soon....
48746
Assuming you'd like to start off working with a good Realtor who will take care of your real estate needs now and in the future, I suggest finding a Realtor who works for and by referral. They will not be spending time on door knocking etc and keep in touch with their past clients. This way, they'll have more time to work with you during the transaction.\n\nI'm a Realtor but not in your area. However, I have met other Realtors in person who are in your area and run their business in the same way I run mine. If you'd like a Referral to one who's professional and runs their business like I run mine, go to http://www.ReferredPro.com and submit your request. I'll forward your request onto a qualified Realtor local to you. Most of the Realtors I network with, I have met in person. I won't give your information out without your approval. So no worries there!
249532
To your question, I do not think they will ever admint that. If you are buyer - it is always buyer market, if you are seller - it is always sellers market. Agents work on commission and therefore they wil take nay listing that comes across. As to your agent in CA that sold a property in 2 weeks, some agnets like to offer low price and get multiple offer, some agents like to go with higher price and get 1 offer. Every agent work differently, the best way to approach the market is to find an agent who has or had a listing in your neigborhood, not 20 miles away , because those agents have a very good idea how houses look inside and what price range you should work with.
74637
First, lets put this in context.  You're blasting an agent that hasn't moved mountains in 3 days?  Unless you're selling a Manhattan high-rise for $1, you should reset your expectations.  It typically takes 60-90 days to sell a home, which can vary greatly depending on your individual situation.  And you set up an open house without your agent's involvement?  In the past 3 days?  Why did you even get an agent if you don't want to work with him?  Read your listing agreement, and although it may include a clause allowing you to cancel the agreement for non-performance, you haven't even given this guy a chance to get started.  Now, if a month goes by, and he still hasn't returned any phone calls, etc. you may still be screwed depending on the agreement you signed.  You need to check the language, and see what provisions exist for termination.  Even then, you may be able to get the agent to drop your listing, then everything should be cool.
365613
Don't "blink". \n\nWhat you do next depends on whether you used a realtor or not.  \nIf you did, find a house online that's similar to what you want, and call your realtor and ask him/her to show it to you, as if you are presuming that offer is dead.  Let them bring it up if it isn't. \n\nIf you didn't use a realtor, start shopping again, and when five days has expired, send the seller a letter retracting your offer, nothing more.  \n\nIn any event, in ALL FUTURE OFFERS, you should make them expire in a set time. 2 days is good, unless you make the offer on a Friday, give them until Monday since they may be unavailable on weekends, or longer if the realtor informs you they aren't easily reached.
129883
Ok. Well when you find a home and it is listed with the agent you are working with and the seller is paying a commission to the agents office of 6 or 7% then the agent is a limited agent and then she gets boths sides of the sale. If the agent is offering 2.5 or 3 % out to a selling agent then they will split the listing side with the office and the selling side with the office. If they are on a 50/50 split then she would 50% of each side. \nIf the home is listed by one realtor and you use another then the listing agent splits say 3% with her office and your agent splits with their office. \nExample $100,000 x 6% is 6,000 divide by 2 is 3,000 now each agent splits with their office some 50/50 some 60/40 or more. Say its 50/50 then her side is 1,500 - sometimes 8% to the corporation then minus 30% for taxes.  So maybe she would get around 1200 clear at best. And the same for the listing agent.\nIt is nice to get both sides of the sale but as a buyer you want that agent working for you not for the seller. \nAnd yes I am an agent that has drivin many many buyers around and they bought nothing and then many have so it works out in the end. Sometimes I get paid once a month somtimes not for a couple of months then we pay yearly dues to all the Realtor organizations and Error and Ommission insurance  and MLS dues and website fees and mailings and postage. Not to mention gas. But I enjoy it and I love when my buyers find the right home for them. And First time Buyers are the best the get so excited when its their first home. The more money they have the pickier they get.
297964
I would try to sell it on your own. I don't think realtors add much value to the transaction. In my experience all realtors know how to do is fill out their company's stock sales contract. It amazes me that they make so much money by doing so little.
290454
Its common for sellers to want to sell ASAP.  If they have their next place lined up they just want to move on.  You could ask them to pay you a little bit to do this if you wanted, or if you don't care when the closing is you could just move it up to be nice.\n\nAnyhow, as the prior poster said, you typically pay your mortgage for the next month and the fractional portion of the current month in advance.  So settle on the 1st and you come up with 2 months of mortgage payments at the closing table.  Settle on the last day of the month and you come up with one month and one day of mortgage payments.  However, settle on the 1st and your next payment isn't due for 2 months, settle on the 31st and its due in one month and one day, so this is extra $$ you need to come up with at the closing, but not really a permanent extra expense.  There could be other minor adjustments, but probably very little would be different, no real extra costs.\n\nNote also that the bank and title company have alot of work to do, so its very possible they won't be able to close in a moved up time period even if you want to. So make any contract change contingent upon the bank/ title company being ready in fewer days (or better yet, if you agree to this just verbally tell them you will try to close sooner, but do not ammend the contract with a new closing date).
424843
If people would think about it, newbie realtors are the best!  They have fewer listings thus they can devote nearly all their time to selling your house.\n(How did you like that for an advertisement)\nBut it is true.  \nExplain to the prospective sellers what I have just said above.  Also tell them that you are just one of many professionals involved in the sale and closing of the house.  In fact you are really just the facilitator.  The lending institution, abstract/title company, closing company/attorney, the inspector, all have huge roles in getting that house closed and into the hands of new owners.\nTell them you are one of a team.  You will devote your undivided energies to marketing their house.  The others on your team will ensure that it closes properly.\nAlso, you are going to have to meet these people that want to buy and sell in the 400,000 range.  The easiest way to do that is to offer to hold open houses for other realtors that have houses in the price bracket listed.  Thus when the people come thru the open house you are the one they meet.
85217
I would do lots of reaserch.  The internet is a wonderful tool.  Don't rely on the realtor to find your property for you.  They are not interested in getting you the best fit for you, they want a sale.  Also, hire a lawyer to go over your paperwork before you sign. Believe me, I have learned a big lesson and will never buy a home again w/out a lawyer.  Good Luck.
660151
OK....sellers realty costs are no more than 6% of the sales price of your home, and take it from a realtor...when you list your house, and you don't offer a good commission to the BUYERS agent, they won't even SHOW your house to their buyers, so you can basically concider your home blacklisted and it will not be shown.  So unless you already have a buyer lined up to purchase your home, you really need to get an agent.  Not all of them are annoying, but there are always a few that give the rest of us a bad name.  Plus, when a buyer buys a home from a *for sale by owner* the buyers agent knows they will be doing the work of both sides and again, we avoid that at all costs.  Why should we work double duty and then only get paid for one side, and its usually only 1.5%-2% commission anyway? No thank you..so bottom line...get an agent.  Interview 3 or 4 and find one who's personality you can get along with.  There are a lot of very good, honest agents out there and with the right one you can have a smooth job of selling your home.  Good Luck!
4145
If you have an agent, have them run a CMA (comparative market analysis) for the property.  This will tell you what other homes the same size, age and location have recently sold for.  From there, you can make a realistic offer.  I've had clients offer full price because of market demands, and I've had clients get $10-20k less because a particular area is slow.  You need more info!  You can email me if you have any further questions.
249768
The one thing I think about is when I bought a rental property, I made my offer, not knowing about negotiating tactics.  The buyer agent had me sign a dual agency agreement, and I don't think he had my best interests at heart. I offered a low price and ended up paying full price.  I was naive to the fact that he was not on my side, and also, I should have asked for closing costs or some other bargaining chip.  And I should have stood my ground on the slightly lower price, after coming up some.  Being in the investor shoes, the buyer needed me more than I needer her.  I could've walked away, but she needed to sell.  So she probably would've taken the lower price had I stopped.  Overall, I do not regret the investment, it was good, I am also lucky because I didn't order an inspection!!!  (Naive again) Lucky it was in good shape.  But it also could've been a bargaining chip.  Had I gotten a lower price, I'd of had more equity now.
556693
shouldn't take more than a week or so, I sold a house in the UK, and everything, from offer to final signing was in less than 4 weeks, so it definitly shouldn't take longer than that. In fact I believe that the rules are to be changed, and the seller will have to have these searches done before the house is put on the market.
381193
Commission is negotiable. You'll find realtors willing to take a 2% listing and others taking a 10% (that's typically on high-end, harder to sell homes that require costly marketing techniques). 4-7% is most typical, though.
394387
The time is now! I started on October 4th hopping by December 4th When my lease is up i was already out. Well Today is November 20th and I still haven't found my home, the good thing is my loan is already approved, the only thing missing is the house and the long wait between negotiations  and appressal. \n\nMy advise is, get pre-approved or approved FIRST, then start house hunting. The most important thing is to get approved for the best loan before the hunt, which is the easiest part. \n\nMy third application took 30-minutes over the phone with my bank and within 4-business days I was sort of pre-approved.  My original loan amount was for $300,000 which got decline by the underwritter, so I had to talk to him and settle for a $260,000 loan., But a week later, it was finally approved.   \n\n\nSince my original loan amount was decline, I had to look for homes withing that price range in another part of the state. Where I currently live, Homes start at $300,000 and they tend to be small, and needing a lot of work.\n\nMy bank  was my third and last lender, after trying with Credit Suisse which gave me 100% financing at 5.375% then change the terms to 7. 850% for 3-years fixed and 27-years variable without notifying me. \n\nThe second attend was with Quicken Loans, which was a complete waste of time. BTW, if you valued your sanity, AVOID Quicken Loans!\n\nA fixed interest mortgage is the best to go, you don't want to go for one of those "Interest Only" you hear so much about. Thouse will lead you to a foreclosure within 3-year.\n\nFor a 100% financing loan your mortage payments will start the first day of the month 2-months later, mine is set for February 1st. 2007. The monthly payments will  include Principal, Interest, Taxes and Insurance.
601288
Absolutely, tell your Realtor you wish to cancel the listing.\n\nYour friendly neighborhood Realtor.