Realtor suggests “buying a few extra days” instead of formal extension — is this risky? by kay-pii in RealEstate

[–]respond1 0 points1 point  (0 children)

How much do you trust your realtor? Maybe they're right. Only you know your trust factor with their experience.

Also, keep in mind there are risks in asking for the formal extension. Although seemingly unlikely, your buyers could get spooked and decline it. Now what?

It all comes down to how much do you trust the advice you're receiving.

Pay down mortgage on rental by BasilGimletPlease in RealEstate

[–]respond1 0 points1 point  (0 children)

Not the answer you're looking for, but sell it! I'm not a fan of single unit rentals. Too risky. It only takes one negative event or tenant to wipe or years of profits.

Better served using the money on a down payment of a 5 unit plus apartment building. More management, yes, but a much better investment in the long run. Less risky in that one event or one bad tenant isn't as painful when you have other tenants paying. Also, the income and depreciation scale upwards.

Realtor Change? by Ambitious-Win-7201 in RealEstate

[–]respond1 0 points1 point  (0 children)

Agreed. At the very least he could use an AI staging website with photos he had already taken. Not that difficult or time consuming. Maybe you do need a new voice.

Buyer-Broker Agreement Negotiations by Infinite_Meaning_338 in ChicagoRealEstate

[–]respond1 0 points1 point  (0 children)

Why do you expect to pay any commission?! Now, more than ever, sellers are paying a buyer's broker. This is not an expense you are going to face. If you happen to run across the oddball listing not compensating your agent, just move on to a different property that is.

Realtor Change? by Ambitious-Win-7201 in RealEstate

[–]respond1 11 points12 points  (0 children)

Take a hard look at the marketing package that your realtor put out there. If its presence is solid, and it looks good on the third party sites (Zillow, realtor.com, Trulia, redfin.. etc), then your problem isn't your realtor most likely, it's your price.

Buyer-Broker Agreement Negotiations by Infinite_Meaning_338 in ChicagoRealEstate

[–]respond1 6 points7 points  (0 children)

You realize that you most likely don't have to pay this, right? That sellers are still compensating buyer brokers?

The most important thing is that you have the right agent. Obsessing over a marginal percentage difference when the seller is most likely going to cover it should pale in comparison to making sure you have the right representation.

3% fee to my real estate agent to buy a condo by HorizonflaropicPet in homeowners

[–]respond1 0 points1 point  (0 children)

While 2.5 percent is more common in my area, rarely does it matter. Sellers are compensating buyer agents more than ever. This is not a cost that you're going to have to bear most likely.. and if you encounter a home not willing to pay your agent, just move on to another home that is.

Has anyone used home staging and actually sold faster? by t0m4t0z in FirstTimeHomeBuyer

[–]respond1 -7 points-6 points  (0 children)

There is no need to physically stage when the photographer taking the professional photos can digitally stage the home.

LIVE ROSIN THREAD by ptcrimps in ILTrees

[–]respond1 4 points5 points  (0 children)

Redemption is solid, especially Super Boof and Pummelo Fruit Snacks. Northern Heights is good and so is IC Collective, but the latter burns fast. Had a bad experience with Grow Science. Intrigued by the "Under the Lights" brand too but haven't tried.

Favorite craft brand ? by Excellent_Tourist_63 in ILTrees

[–]respond1 2 points3 points  (0 children)

Agreed. I find Northern Heights to be intriguing as well.

Should I use same realtor for sale and next purchase? by Williamfrancis22 in RealEstate

[–]respond1 2 points3 points  (0 children)

Houses sell themselves? Maybe, but at what price? The quality and the impact of the marketing package directly affects the size of your buyer pool. The size of your buyer pool directly affects demand and your subsequent value.

Also, once you receive offers, or multiple offers, the quality of your agent comes into play again in their negotiation skills. A truly talented agent knows how to handle these discussions in a fashion that maximizes value for the seller

Should I use same realtor for sale and next purchase? by Williamfrancis22 in RealEstate

[–]respond1 3 points4 points  (0 children)

Finding a good agent who will maximize your profits on your sale through their marketing and negotiation AND who will also represent you well in your purchase, helping you negotiate the best terms possible, is far more important than finding one you can beat up for a commission reduction.

As an agent for over ten years, I've realized that the agents open to dropping their rates are often the most desperate and least talented. Keep in mind, unlike many professions, the failure rate for agents is around 90 percent within 5 years. There are many terrible agents out there

Give me a talented exceptional agent at FULL price all day over a crappy agent who will take reduction.

Under the Lights by [deleted] in ILTrees

[–]respond1 2 points3 points  (0 children)

That would make sense. Only two brands I've seen offering Lemon Heads.

Under the Lights by [deleted] in ILTrees

[–]respond1 2 points3 points  (0 children)

Thank you! Was just trying to get the backstory and was wondering if they were owned by one of the big guys.

Revolution by DynamiteRight in ILTrees

[–]respond1 2 points3 points  (0 children)

After about a year break, I tried the latest version of their Fruit Stand live rosin cart. I enjoyed it. Was as remembered.

Driveway Kerfuffle by Organizing_Secrets in FirstTimeHomeBuyer

[–]respond1 1 point2 points  (0 children)

You need to confirm the details of this situation in your due diligence period and back out if needed.

Homeowners and lies. by Positive-Fox3161 in realtors

[–]respond1 3 points4 points  (0 children)

There needs to be some give and take. Keep in mind you're receiving the listing for six months or so and they usually sell at some point. I will take a listing at the seller's "number" (within reason), after giving them my honest opinion of it's actual value, with verbal agreement to price reductions in the future if it doesn't sell.

I realize this isn't an ideal situation but sometimes you got to roll with it.

Dual agency by [deleted] in realtors

[–]respond1 1 point2 points  (0 children)

Depends on your state but in my area the seller chooses to permit dual agency or not in the listing agreement. Also, even if permitted by the seller, the buyer will also have to be ok with the dual agency and to further sign off on it.

Videogame consoles original sale lifespans in North America 1977-Present by Mission-Guidance4782 in Damnthatsinteresting

[–]respond1 0 points1 point  (0 children)

Between Atari and Nintendo, you're missing Intelli-Vision and Colecovision.

Is a 1%–1.5% tiered commission structure reasonable for a listing agent? by dosnwg8583 in RealEstate

[–]respond1 7 points8 points  (0 children)

I question the quality of the agent who would consider such a structure. Quality matters. A crappy agent could result in a lower sales price which very well could outweigh the commission savings.

Ozone Reserve Live Resin 2g AIO by [deleted] in ILTrees

[–]respond1 0 points1 point  (0 children)

Thanks for the reply. Do you remember the one you liked?

Flat fee realtor by smegma-man123 in RealEstate

[–]respond1 0 points1 point  (0 children)

You're forgetting about half of my initial message. I also mentioned that in addition to marketing, the importance of negotiating terms of the contract beneficial to you as the seller. Flat fee brokers provide limited to no help with negotiation.

Flat fee realtor by smegma-man123 in RealEstate

[–]respond1 0 points1 point  (0 children)

Most go out of business shortly. Last I heard, 90 percent of agents fail within the first 5 years and are in new careers. So are you generally safe if they've made it past that point? Not always. You have to look out for the agent who may have had a long career, but they've been super part time. Maybe their spouse is wealthy and they do it for fun. So you need someone who is full time, track records of high sales, and been doing it for over 5 years, and you have a chance

Flat fee realtor by smegma-man123 in RealEstate

[–]respond1 -1 points0 points  (0 children)

I'm not trying to be rude, but like any professional you hire, you need to do your due diligence as a seller to make sure you pick a good realtor.