Yesterday, we told our realtor to put in a price change on our house. We raised the price a little over 3%. I would have gone for 10% if my wife had agreed.
The realtor has been whining non-stop almost going as far as to suggest that it is up to her to grant us such a change. In the absence of a sale, this was the most fun I have had yet! :)
Funny.
Nice one, Mark.
So, the agent wasn't talking to my wife for almost 2 days, but then she get a showing request for tomorrow at the new, higher, price. All of a sudden, she picked up the phone and was schmoozing with my wife for 20 minutes.
When I was younger it was used car salesman who were the sc*m of the Earth. But I think they have now been overtaken by realtors!
May your viewer become a buyer, Markshot.
You ought to really screw with your agent and ask her if, since she was so very very opposed to the 3% increase in price, if she is ok with taking her commission based on the original, lower amount 8)
Ha! Steelie, you were reading my mind.
^Vulcan mind meld, dude 8)
^ more comfortable then the vulcan shocker.
Unless you're into that sort of thing.
There was one agent and her buyers who going on their 4th round of showings. With reasons for coming back such as "we want to see how it look on a cloudless day" ... Each time she came back, she would start with the nickel and diming; asking our agent "Do they have any 'wiggle room' in the price?".
When we raised the price, I told our agent to tell their agent that we just gave them the "wiggle room" they were asking for.
did I read somewhere that prices in the US jumped the highest since the bubble burst?
Quote from: MarkShot on September 10, 2012, 04:54:48 PM
Yesterday, we told our realtor to put in a price change on our house. We raised the price a little over 3%. I would have gone for 10% if my wife had agreed.
The realtor has been whining non-stop almost going as far as to suggest that it is up to her to grant us such a change. In the absence of a sale, this was the most fun I have had yet! :)
This is such BS. Your agent has a legal obligation to follow your lawful orders. She could have her license revoked for this sort of action. Agents can advise, and can even decide to drop representation, but they must follow lawful orders.
Quote from: Windigo on September 17, 2012, 12:59:48 PM
did I read somewhere that prices in the US jumped the highest since the bubble burst?
Prices are up in many markets. But the price increases over the bottom in most markets are not very great. Prices in most US markets are nowhere close to where they were prior to the crash.
This was part of the business press readings I had on the first exam in real estate that I just gave.
ahhhh OK, does this rebound (of sorts) reflect relatively unfettered market forces? or is the other non-invisible hand of government subsidies play into this?
Our agent and her broker already broke the law once.
She quoted us a 5% commission. Later, her broker sent out an internal email (which she forwarded to me) that said all commissions would be fixed at 6%. Unfortunately, this broke the law and is price fixing. Federal and NJ law uphold that commissions are always negotiable.
Who said it at least once that everything is negotiable?
The other saying that I like is, "You don't get what you deserve, you get what you negotiate."*
*see Bison's domestic negotiations regarding his mother in laws visit..... WOW
The FTC - Federal Trade Commission?
I'd probably start with the local attorney general if you're looking to prosecute.
Nah - we we're looking to sell. But as of today, we are signing a property management contract with a different company, since we are probably going to end up renting our house for a few years as we wait for the market to rebound.
Quote from: MarkShot on September 17, 2012, 03:52:04 PM
Our agent and her broker already broke the law once.
She quoted us a 5% commission. Later, her broker sent out an internal email (which she forwarded to me) that said all commissions would be fixed at 6%. Unfortunately, this broke the law and is price fixing. Federal and NJ law uphold that commissions are always negotiable.
This is not price fixing. Any individual brokerage can decide that they will charge 6% with no discounts. It is only price fixing if this is an agreement between
different brokerages. If this actually is a case of price fixing between businesses, you should file a complaint in two areas. First with the Federal Trade Commission. Second with the real estate licensure board in your State.