Mortgage Discussion - You Need a Realtor For What?

Author

You Need a Realtor For What?

Allen Greenspan

2005-07-31, 4:21 pm

What we see in these posts are desperate and misguided attempts to scare
consumers to maintain the status quo, i.e., exorbitant realtor fees and
commissions. In the kind of market we currently have, most homes 90%+ are
sold from the signage, not MLS.

I suggest you FSBO or insist that the Help U Sell agent does not list with
MLS, as it reduces the seller proceeds by 3%, which I feel is foolish in the
kind of market we have. Realtors always say the house was sold under market
if they don't get a fat commission.

I have sold several homes FSBO, gotten more than the sales price and closed
in days, not months. Realtors are scared to death that the general public
will learn that Realtors, like a parasite, offers little to the consumer in
relationship to what they take. A good loan officer could instruct you and
since the loan officer and title company do 95% of the work involving the
sale of real-estate, you will never miss the realtor. But you will keep 3%
more of your proceeds at closing\

Watch the rancorous responses this simple truth brings from the traditional
real-estate community.

Hit me back if you wish for more detailed info. jvent68@yahoo.com

Rainmaker

2005-08-12, 1:21 pm

You're in the wrong NG. This group is for mortgage brokers and related
issues.

"Allen Greenspan" <allengreenspan@juno.com> wrote in message
news:%P8He.29762$bp.29593@fed1read03...
> What we see in these posts are desperate and misguided attempts to scare
> consumers to maintain the status quo, i.e., exorbitant realtor fees and
> commissions. In the kind of market we currently have, most homes 90%+ are
> sold from the signage, not MLS.
>
> I suggest you FSBO or insist that the Help U Sell agent does not list with
> MLS, as it reduces the seller proceeds by 3%, which I feel is foolish in
> the
> kind of market we have. Realtors always say the house was sold under
> market
> if they don't get a fat commission.
>
> I have sold several homes FSBO, gotten more than the sales price and
> closed
> in days, not months. Realtors are scared to death that the general public
> will learn that Realtors, like a parasite, offers little to the consumer
> in
> relationship to what they take. A good loan officer could instruct you
> and
> since the loan officer and title company do 95% of the work involving the
> sale of real-estate, you will never miss the realtor. But you will keep
> 3%
> more of your proceeds at closing\
>
> Watch the rancorous responses this simple truth brings from the
> traditional
> real-estate community.
>
> Hit me back if you wish for more detailed info. jvent68@yahoo.com
>
>
>

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