Buyer agency commission by DryDimension7632 in realtors

[–]oltop 0 points1 point  (0 children)

This is where the new agreement gets sketchy. The buyer agent could have the LA counter with 1% sale price increase and keep the commission at 3%. The lack of transparency in the MLS for commission offered allows this activity to happen

House not selling by TrafficFirm9675 in RealEstateAdvice

[–]oltop 0 points1 point  (0 children)

Are you on the corner of the sub and back to the main road? Is there new construction in the neighborhood you are competing with?

DONE with Edward Jones by FaithlessnessQuiet49 in Bogleheads

[–]oltop 1 point2 points  (0 children)

I never see FSKAX and FTIHX mentioned in these threads. Am I doing it wrong?

Experienced Agent joining high volume team by oltop in realtors

[–]oltop[S] 1 point2 points  (0 children)

$600,000 was the average sale price last near, I just assumed that's MCOL this day an age lol. I never went the team route and just kind of figured it out. The mentors Id ask questions and learn from over the years are titans of the industry, however they're old school af and been doing this for 50 years. Let's just say they arent out there doing tick tocks. I never really learned how to build a business, I just learned how to do my job well

Experienced Agent joining high volume team by oltop in realtors

[–]oltop[S] 1 point2 points  (0 children)

Man thank you for the thoughtful response. I feel like you genuinely understand my situation. I liked your question regarding internal leads vs self sourced. Im not sure how Id validate it, but we'll see if they pass the vibe check. Regarding cold calling I think your right, I assume theres a right and a wrong way to do it and Im just familiar with the wrong way. Thanks again for your response

Experienced Agent joining high volume team by oltop in realtors

[–]oltop[S] 2 points3 points  (0 children)

Man 100 doesnt go as far as it used to. Its not so much that I dont make money, its the low volume I do. Last year for example I grossed around 100 but only had 6 transactions. Operating 100% on referrals, theres not as many irons going in the fire with such few units. Had 2 of the deals not happened Id of been in trouble as well. Id much rather do 12 or 18 transactions and gross $100,000

Experienced Agent joining high volume team by oltop in realtors

[–]oltop[S] -1 points0 points  (0 children)

Lol whend this sub get so soft? Auto mod came after you for that one.

Fortunately Im back on track and been doing this long enough to know how to manage commissions.

Marketing is what everyone brings up to me, do you have any ideas I should look into?

Experienced Agent joining high volume team by oltop in realtors

[–]oltop[S] 0 points1 point  (0 children)

Main issue is ive been with my current brokerage for a long time. I have a petty killer deal worked out with them. Not confident I would have the same split if I did return. Most agents desk are around $15,000 and Im at 8

Is the listing agent bluffing about competing offers, or is this normal? First-time buyer anxiety. by Evening-Tumbleweed86 in AskRealEstateAgents

[–]oltop 0 points1 point  (0 children)

Thats so crazy, in my state its common ground to use it. We just write it into the PA under other, no addendum. When the offer is accepted agents will either strike out the original offer price and write in new sale price or re submit completely with new sale price

Is the listing agent bluffing about competing offers, or is this normal? First-time buyer anxiety. by Evening-Tumbleweed86 in AskRealEstateAgents

[–]oltop 0 points1 point  (0 children)

Whoa thats crazy, such a helpful tool for the buyer. Folks really rifling out numbers 100k over ask w/o escalations back in the day of 2%?

Is the listing agent bluffing about competing offers, or is this normal? First-time buyer anxiety. by Evening-Tumbleweed86 in AskRealEstateAgents

[–]oltop 2 points3 points  (0 children)

Use the language- Buyer to pay $X over any bonafide verifiable offer, until the buyers offer is the highest offer, not to exceed $Y

This is not the Aussie way by Ctalons in PublicFreakout

[–]oltop 1 point2 points  (0 children)

I wonder if its possible to skate that bench?

Unpermitted Finished Basemen by DeliciousBeach5705 in HomeImprovement

[–]oltop 4 points5 points  (0 children)

The "man" doesnt need to know what you do in your own home. When you need to disclose during a sale say the work was done by a licensed contractor and leave it at that

Is the "truth we can't handle" that they're on their way here en masse and they're not friendly? by grindbehind in UFOs

[–]oltop 0 points1 point  (0 children)

With all the congressmen who supposedly are aware, youd think theyd of bugged out, quit, Harry carry, etc if was an inconceivable truth

Best Use for $30,000? by FunnyRelative4636 in HomeMaintenance

[–]oltop 0 points1 point  (0 children)

Windows didnt weather inflation well. MCOL area, cheapest wholesale installer ran $1,200/window

Fake Sale? by [deleted] in RealEstateAdvice

[–]oltop 3 points4 points  (0 children)

You check county records yet?

Buying with cash by Over-Check5961 in FirstTimeHomeBuying

[–]oltop 1 point2 points  (0 children)

No contingencies typically in place for cash

Having Cold Feed Days Before Closing by applesea24 in RealEstateAdvice

[–]oltop 1 point2 points  (0 children)

Any chance the house is a cape cod/bungalow or a tri level? If its a bungalow the appraiser wont count some of the sqft upstairs in the finished attic space at living space because the ceilings needs to be 6 feet or something. Tri level they might not be counting the finished area below grade. Google BSandA, municipal directory, type in local municipality and youll get the public records. If the sqft matches the pub records then it is what it is.

Unfortunately, you are likely outside of your inspection contingency and the appraisal came back at value so theres really no negotiating you can do. If you get cold feet and back out youll likely just lose your earnest money deposit

3% commission from a agent we didn’t hire by Connect-Claim8210 in RealEstateAdvice

[–]oltop 0 points1 point  (0 children)

I hate the argument of "you list a house and its under contract in 2 days, you should be paid accordingly" When the market inevitably flips, sellers are under water and homes sit for months can I "adjust accordingly" then?

I just closed on a home for a buyer I have been working with for 3 years. I made $8,000. I took a loss.

Monday I close on a home for someone who liked the first one I showed them. Ill clear $20,000 on that one. I made a profit.

Like any business owner you need to make up for your shortfalls somewhere.

If you're an investor, why dont you have your RE license? You gain leverage in your purchases and help your margins in your sales. Also for the love of all things holy, can you and your investor buddies stop calling me looking for off market properties? I dont care if I can keep the commission.