This blog chronicles my life as I try to balance healthy lifestyle habits with my husband's penchant for pizza rolls and my daughter's desire to watch iCarly 8 hours a day. It contains a mostly humorous, kind, and somewhat spiritual look at everyday life and the people who live it.
Friday, February 20, 2009
Ummm, you get PAID to do this...
Looking at the numbers on say, a $300,000 home, this is what really is happening: Selling my home for $290,00 less means $10,000 less to me, but only $300 dollars less for the realtor (assuming their half of the commission is 3%) for a total paycheck of $8700 vs. $9000. How motivated to get that additional $300 is an agent really going to be? As the Buyer's Agent, the commission is still based upon the selling price of the home, so using the same formula each additional $1,000 I pay for a home is $30 more for my agent and all the agent has to do is advise me that she thinks this is what the homeowner will accept.
The current situation is that I am one finding the houses online, emailing my agent with the MLS number, she sets up a showing, lets me in the house, I decide if the house is right for me, and then we start the process all over again. If I pay $300,000 for a house my agent will make $9000 for unlocking the door. That's all she has done. She has not found any houses for me, she has suggested I "drive by a property before requesting a showing since neighborhood is so important to you" so I don't "waste either of our time" and several times she has tried to talk me into houses that were obviously not a fit by proclaiming that "there's just not a lot out there right now!" Does this woman read the news? It's a BUYERS market and I'm a buyer. I am pre-approved, pre-qualified, and don't have a house to sell. I am real estate gold right now and she is letting me slip away because she is lazy.
What do I want from my real estate agent? I want her to find house for me. I want her to email me the listings and suggest neighborhoods. I want her to say "always bid low the first time. You can always go up and they just might accept your initial offer." I want her to suggest new communities that I may not even know about since I have only lived in the state for 6 months. I want her to work for the $9000 paycheck. I shouldn't have to drive by a listing using my own not-tax-deductible car and gas -- that is her job!
I want someone who shows some pride in their profession and some motivation to get the job done. I want to buy a house, is that too much to ask?