From: "Allen Greenspan" 
Newsgroups: alt.org.natl-assn-mortgage-brokers alt.real-estate alt.real-estate-agents
Subject: Re: Need your input on sale of property
Date: Sun, 31 Jul 2005 11:14:16 -0700

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

jv



"homan4"  wrote in message 
news:69PGe.5863$Tr6.1120@lakeread02...
> In NY the top producing agent in the area had it in with his broker about 
> a
> few issues, he ended up leaving and rather than go to another broker he
> opened a "Help-U-Sell" franchise.
>
> I always used their ads in my listing presentation.  They showed Mr. & 
> Mrs.
> Pennywise and Pound foolish in front of a home with a caption "These folks
> saved $10,000 in commissions."  Inevitably, a check of the MLS would show
> the home also sold for $20,000 to $30,000 less than comparable homes sold 
> by
> the full service companies in the same neighborhood at the same time. 
> Let's
> recalculate the savings.  Although cooperating agents didn't get paid much
> for the sale (usually 1.5% where the average was about 2%), many would 
> look
> for their listings to sell to investors who would flip them.  The best one 
> I
> saw was an investor who bought one of their listings - a highly visible
> property close to the high school, listed for $249,000 and sold for 
> $239,000
> and flipped it two weeks after closing for $315,000 after doing no work to
> improve it.  Keep in mind they were working as a fiduciary agent of the
> seller, and couldn't even get the buyer to full (deeply discounted from 
> fair
> market value) price.  To be honest, I have more respect for "No money 
> down"
> graduates than for these agents, if the seller is going to get so little 
> for
> their home, why pay a commission?
>
> I also used to point out several listings I had where the selling side
> commission was 3.5% (high for that area the usual was 2%) and the first
> three or four showings were usually by the Help-U-Sell and Assist-2-Sell
> agents - and on all occasions the first agent in was the Help-U-Sell
> broker's daughter.  The reason being they could make more money selling my
> listing than listing and selling one of their own.  I always asked 
> potential
> sellers if they wanted to have their house advertised with these companies
> when their agents were going to use the bait & switch to sell mine anyway.
>
> The best story was when I went to a broker open house for lunch one day, 
> the
> Help-U-Sell broker was holding an over priced turkey with a 1% selling
> commission open for agents.  He told me the owner was a former agent from 
> a
> full service broker in town, and asked me if I could think of a better 
> compliment.  I said "yes, asking you to sell the home with a reasonable 
> selling broker commission and a reasonable selling price."  I hope you get 
> the picture, the old adage "you get what you pay for" applies here.
>
>
> "Steve Horrillo"  wrote in message
> news:1OJGe.40420$sJ4.22491@bignews5.bellsouth.net...
>>
>> On 29-Jul-2005, kimshapiro100@yahoo.com wrote:
>>
>>> A friend in the Bay Area, California is thinking of selling her
>>> property...house.
>>>
>>> She has heard of Help u Sell...
>>>
>>> Does anyone have experiences with this company ?
>>>
>>> Any input ?
>>>
>>> Any economic alternatives to using Help u Sell ?
>>>
>>> Any thoughts would be highly appreciated.
>>>
>>> Thanks
>>>
>>> Kim
>>
>> Help-U-Sell is fine as long as the contract says that you will give the
>> buyer's agent at least 3% in the MLS. The problem with discount brokers 
>> is
>> that they think they can pass off their discount to the one who is going
>> to
>> get your home sold without any consequences. The problem with trying to
>> screw the buyer's agent is it's the buyer's agent who does most of the
>> work
>> and who decides which house their buyer sees.
>>
>> When the sales person / Realtor arrives ask them to do a 1% / 4% split. 
>> In
>> other words, 1% commission to the listing agent and 3% to the selling
>> agent.
>> And also make sure it is understood you will be getting a "FULL SERVICE"
>> listing. Which means a agent will be there at the appraisal, walk-through
>> and closing. If you can find a Realtor who will do that for 1% you've got
>> yourself a REAL bargain. Anything other than that is a just a marketing
>> come-on. I suggest you add 10% to the asking price and pay 7% to the
>> agent.
>> Just make sure they put it in the MLS as a 3.5 / 3.5 split.
>>
>> Help-U-Sell will also offer you a lower price option and not even put 
>> your
>> house in the MLS. They will advertise you in their website, billboards,
>> bla
>> bla bla... Don't even go there. You'll always be able to add 10-20% to a
>> reasonable asking price, put it in the MLS and get it. If you're not 
>> going
>> to put it in the MLS you don't need a Realtor. A Realtor who doesn't
>> compell
>> you use the MLS is either ignorant, desperate, or the lowest of the low.
>> You
>> want run away FAST from any agent who doesn't understand the selling 
>> power
>> the MLS has.
>>
>> -- 
>> Warmest regards,
>>
>> Steve Horrillo, Realtor / C.Ht. =^..^=
>> http://BrokerAgentTraining.com http://over100percent.com
>> http://HipFSBO.com
>> http://eLOWn.com
>
>
>