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Realty Agent Professionals Team

Get your snook license, your boat and your fishing pole and you might  just be able to feed your child a fish that has been spawned, tagged and released into the wild if you hook one of them. If your child gets lost and you have had snook lately just give MOTE Marine Aquaculture Park a call and ask them if they can locate your child! Ok, ok they may not volunteer to track your child but just be careful if you eat Snook! It may have a small tracking device embeded in it.

According to a report on News Channel 8 on the morning of Sept. 5, 2007 MOTE Marine has tagged and released thousands of tiny snook into four Sarasota, Florida creeks in an effort to learn more about the snook's life journey.

After spawning thousand of these tiny fish and then tagging them with a stainless steel rod that is approximately 1/25" in size MOTE Marine Aquaculture Park has released them into the wild in Florida creeks. The spawning is apparently the first "successful" attempt to do so. According to the marine biologists at MOTE the snook population has declined due to overfishing and loss of habitat due to building projects.

I don't know if this link will work after today to view the video report but if you visit this link you might get to watch the entire 2:17 long report:

http://tbo.com/video/xml/MGBR7RTSD7F.html

Have you ever did an open house that you felt like you needed to be standing on the corner flagging the drivers to get them to turn towards the home or need directional signs that would show people where to turn and the traditional signs just weren't doing the trick? i.e. Felt like you needed to be in two (or more) places at the same time?

Well, let me show you just how it can be done!

Read THIS ARTICLE that my client sent me.

For those of you who might not get the emails from NAR I am posting to you a promotion that the NAR is doing to celebrate NAR's centennial. Let's all us Reliberatin' Point2ers get our mugs involved!

In honor of NAR's Centennial, we are collecting photos of REALTORS® in order to assemble one single  commemorative image of all of us. The mosaic of REALTOR® faces arranged to represent the REALTOR® "R" membership mark is part of a year long celebration of our 100th Anniversary. Join us as we celebrate this historic event by adding your photo to our Centennial commemoration.


The mosaic using actual member photos will be used in many places in preparation for and during our Centennial, including:

  • Print ads in industry publications like REALTOR® Magazine
  • Online through web sites like REALTOR.org and as banner ads
  • At the Annual Conference & Expo in Las Vegas
  • In the 2008 NAR Membership Kit
  • ...and many more places to promote NAR's Centennial

Sincerely,

Pat V. Combs, ABR®, CRS®, GRI, PRN
2007 President
National Association of REALTORS®

Richard F. "***" Gaylord
CIPS, CRB, CRS®, GRI
2008 President
National Association of REALTORS®

It's simple logic.

Dictionary.com Unabridged (v 1.1) -

log·ic   [loj-ik]  –noun
1. the science that investigates the principles governing correct or reliable inference.
2. a particular method of reasoning or argumentation: We were unable to follow his logic.
3. the system or principles of reasoning applicable to any branch of knowledge or study.
4. reason or sound judgment, as in utterances or actions: There wasn't much logic in her move.
5. convincing forcefulness; inexorable truth or persuasiveness: the irresistible logic of the facts.
6. Computers.
 
logic. (n.d.). Dictionary.com Unabridged (v 1.1). Retrieved August 02, 2007, from Dictionary.com website: http://dictionary.reference.com/browse/logic
 
A man was walking down the street when a friend approached him and asked "Hey, where you going?". The man replied "I am going down to the college to take a course in logic." The friend asked "Logic? What's logic?" to which the man replied "Well, do you own a weedeater?" The friend responded with "Yea, I own a weedeater." The man stated "Then that means you have a yard right?" to which the friend responded "Yes, I have a yard." The man said, "Well that means you have a house right?" The friend replied "Yes, I have a house." The man said, "Well that means you have a wife right?" The friend said "Yes, I have a wife." The man retorted "Then that means you are a heterosexual right?" to which the friend responded "Yes, I am a heterosexual." "Well", the man replied, "That is logic!". The friend was so amazed by this reasoning that he stated "WOW! That is really cool! I think I will go sign up for that logic course too!
 
So the friend headed down to the college to get signed up for the course when another of his friends approached him and asked where he was headed. The friend responded that he was going to the college to sign up for the course in logic. His friend asked "Logic? What's logic?" to which the friend asked, "Well, do you own a weedeater?" and his friend responded with "No, I don't own a weedeater." The friend exclaimed "Well, then you must be one of them homosexuals!"
 
It's funny how sometimes our clients think that they have chosen the best course of action for their real estate needs and have placed blinders on that are fogging their vision of the proper and logical steps that they might need to take to best accomplish their goals in real estate.
 
A buyer that insists that they do not wish to speak to any lenders until they have found the home of their dreams basing their pricing on nothing more than the cost of the mortgage and not taking into consideration other factors that will affect the amount of monthly costs for owning the home such as taxes, insurance (homeowner's and/or private mortgage), the amount of interest, closing costs etc, etc.
 
Educating a buyer that is thinking in this manner can sometimes be challenging and even daunting and we MUST as REALTORS® take the time and effort to ensure that the buyer can be not only approved for the funds but to also ensure that they understand all the ramifications and costs involved with purchasing the home but to also keep the home after the sale and maintain it as well.
 
Allowing a buyer to preview homes that might eventually be well out of their price range can have some very damaging effects to both the buyer and the REALTOR. For instance, showing a buyer a home in the $500,000 price range to only find out later that the buyer's income and debt ratios will not support anything more than say $250,000 will waste everyone's time (including the sellers and the listing agents) and the buyer will find that, in most cases, the difference in the style, quality, location of these two different price ranges will never satisfy that buyer and they will be disappointed with any homes you show them in the price range that their ratios will support.
 
Unless the buyer is a cash buyer they will need to get approved at some point anyhow. So the logical thing to do is to take the proper steps in the order that they should be taken to ensure that the least amount of time, effort and stress are properly utilized.
 
It's simple logic...make sure they don't leave out everything in between the decision to buy a home and finding the right home. The right home is the one that the client can logically support without becoming a slave to the home. If after making all the necessary payments to ensure that they keep the home in good standing they cannot afford to fix the transmission that went out, repair the a/c that broke or take the children to the dentist then they can't afford the home.
 
Make sure and ask if they own a weedeater and ensure that they don't think it means they are a homosexual if they don't!
 
THE ELEVATOR IS BROKEN MAKE SURE THEY TAKE THE STEPS!

triskaidekaphobia \tris-ky-dek-uh-FOH-bee-uh\, noun:

A morbid fear of the number 13 or the date Friday the 13th.

 

It's Friday the 13th and Freddie hasn't showed his face....yet!

Do we stay home, not answer the phone, respond to emails, log into the MLS, call our sellers, contact our buyers etc?

Will the day turn into a shambles? Will it be just another day?

I'm not a superstitous person, nor do I doubt that I ever will be. Will I get a case of triskaidekaphobia today and neglect my duties...NO WAY!

But if any of you have this fear and need to hide under the desk please forward your calls to me. I will handle them with professionalism, honesty, integrity and grace.....but any "NEW BUSINESS" is mine to keep! Wink

Home Not For SaleIS THIS HOME FOR SALE OR ISN'T IT?

I have a client that has been biding her time for over 10 months now. She has't really take up too much of my time as I have her setup on a notifier and occassionally answer a few questions via email or phone about a property.

A home showed up in her list about a week ago and we have had an abnormal amount of contact and questions from this buyer indicating that this property may be something that she will want to move forward on. And sure enough, she is ready to make a trip to Florida (from Pennsylvania) to move on this home.

The Realtor Remarks stated that the home was in probate and if it was there before I totally missed it but now shows up that there are "No Showings Until the End of July."  So I called the agents (yes there are two agents on this listing) to find out what is going on with the home. There is also a Lis Pendens.

To make a long story short the couple that owned both died intestate. The home is now heired to the siblings. One of the siblings is no where to be found. I asked why it was on the market at all and was told that "they "THOUGHT" they found the sibling but didn't."

Now, I recently sold a home that had to go through probate although it wasn't intestate. There was a clearly defined will in this case although another sibling attempted to put up a fight to no avail.

But I insisted that we wait until the probate issues were cleared up before placing the home on the market and the seller fully agreed with me. I simply touched base with him on a regular basis and we listed the home and sold it in ten days. A remarkable feat in this market and the condition of the home.

Now, is that property for sale or not?

More importantly I feel that the agents are doing the sellers a great injustice having it on the market during this time since it cannot even be shown - much less get an offer on it.

I truly believe that it being on the market has more to do with the Lis Pendens than it does with anything else in an attempt to make the bank more willing to short sale it since it will have been on the market for a longer period of time without an offer.

I spoke with my real estate attorney to see what can, if anything, could be done to clear the "lost sibling" from the title and he stated that there is a period time that must pass before that can take place. He also strongly suggested not getting my buyer involved in a contract that might get even messier.

I gave the agents the contact for the attorney. I'm not sure at this point if they contacted him or not although they stated that they would.

So, what do you think? Is this home for sale or isn't it? Is this a short sale tactic to appease the lender? Your input is greatly appreciated.

IT'S MAGIC! THE INCREDIBLE INVISIBLE HOME!

The Incredible Invisible Home

"MY HOME IS NOT GETTING ANY SHOWINGS!"

Your home has been on the market for three months. Not a single visitor has come to view it. You really want to sell your home but don't really "need" to. You have given the home curb appeal. You have updated the kitchen completely with the best cabinets and granite countertops. The bathrooms have been completely modernized. The roof and a/c were just replaced the month before you placed the home the market. You put the best Brazilian Cherrywood floors throughout the home. The home is immaculate. It's better than brand new! You are convinced that the first home buyer that comes to your beautiful home will surely fall in love and make a full price offer even if your agent did suggest strongly that your home would most like bring a lower price than what you are insisting it should sell for.

The other homes in your neighborhood have not had near the updates or upgrades recently and yet you know they are getting showings - in fact, John and Jane Smith, across the street just went under contract! So you are asking yourself, "Why isn't my home getting any visitors? Is my home really invisible? Unfortunately for you, that might just be the case. So how did this happen and what are the dangers?


"BUT MY NEIGHBORS ARE GETTING SHOWINGS - AND CONTRACTS!"Real Estate Contract

With the advent of the age of technology and recent surveys done by the National Association of REALTORS® (NAR) showing that 80% of the homes buyers are starting their search for their next home on the internet it must be understood how important it is, now more than ever, to start your home's pricing exactly where it should be when you begin marketing the home.

When a home buyer visits a web site, gets daily notifiers directly from an agent and the local Multiple Listing Service (MLS) the basic criteria they are searching for are the only homes that they will see during that search. For instance, if a buyer is searching for a 4 Bed, 3 Bath, 3 Car Garage home and is not willing or able to go above $350,000 on the purchase price then that is the minimum number they will search for in the home features and the maximum number on price they will search for on the price. An example is shown below as a buyer would use at Realtor.com:

Realtor.com User Search Image



Notice that in this case it is already showing how many properties are going to be available using the criteria described above. If the homes in your area, as nice, or not as nice and upgraded as your own are selling for a much lower price when they click that search button your home will not show up in the results of the 58 homes that will show up in the search example above.

 Your buyers are fishing in the right pond but are only going to be looking for the fish that they can afford to catch - therefore making your home completely invisible to the home buyers and you will most likely see all your neighbor's homes sell long before yours does.

Time Vs Interest"WHAT DANGERS HAVE I CREATED BY NOT STARTING AT THE RIGHT PRICE?"

Now, your home has been on the market several months. You've seen several homes in the neighborhood sell. There is seemingly no interest in your home and you still have yet to get your first showing. Your agent has shown you the marketing that is being done and there is no doubt that your home has become invisible to any buyers that might be looking for a home in your area with the style and features that your home provides.

What buyers might have been presented the home through their buyer's agent have lost all interest in the home because it has been on the market for a long period of time and to gain their interest now a drastic move may be necessary. In order to gain their interest back the price will need to be reduced. But to peak that interest and to get them to come to your home at this point you must lower the price below what the market would have bared for the home months ago and now you are forced to ask for less for the home.

Below you will see in a graph the Interest Vs. Weeks on the market results scenario:

Interest Vs Weeks Graph

As you can see from the graph above that if you start the marketing of your home at the right price to start with you will yield the most profit in a short amount of time. Remember: Market Value is the most amount of money that a buyer is willing to give for your home at any given time.

DON'T CHEAT YOURSELF LATER BY MAKING YOUR HOME INVISIBLE NOWMoney Maze

When you begin the marketing of your home it is important to start with an informed decision. Get advice from professionals who work in the real estate industry full-time and can help you make sure you are not only not giving your home away but that you are also not going to cause yourself, in the long run, to lose potential profits.

Some of the things you should consider strongly doing to determine the correct starting price that you are going to ask for your home are:

  • Have a REALTOR® do a Comparative Market Analysis on your home
  • Investigate tax records and property appraiser information for recent sales
  • Investigate what the prices are at for the current homes that are on the market and how long have they been on the market
  • Get an appraisal for your home prepared by a licensed appraiser
The value that this can bring can not only net you thousands of dollars but can also save you months of headaches. Don't make your home invisible. MAKE YOUR HOME INVINCIBLE - HIRE A REALTOR TO ASSIST YOU WITH MARKETING YOUR HOME PROPERLY TO GUIDE YOU THROUGH THE MAZE OF MARKETING TO GAIN YOU THE MOST $$$!




Copyright© Realty Agent Professionals Team - Scott McClain
2006 - 2007

Ever hear of the "Richard Petty Driving Experience"?  For those of you that haven't let me explain. You can go and either ride with a pro in a NASCAR style racing car or even drive it yourself.

 Well, Ms. Stahl of 60 Minutes....I would like to take you for a Realter Ride Driving Experience. So if you read this come along for a day..even two. HAHAHAHA  I'm betting you will wonder why 6% is all we charge.

 Man, oh man! What I wouldn't do to have that blond hang out with me for one day as I go prospecting. I'm betting if she ran that story (using hidden cameras so the sellers, (FSBO's, Expireds, Withdrawns, etc) are not even aware that there is some filming going on and they will treat me with the same disrespect that I would normally receive from 90% of the people I attempt to talk to during that day of prospecting) then, maybe, JUST MAYBE, someone would see why 6% is SQUAT.

Factor in the amount of hours (that Remax agent failed to mention that part)
The amount of gas it takes to run a Lexus ---sure wish I knew because I don't own one I own a 12 SPM (SPM = STATION per MILE) :) Jeep that I can hopefully fit Mr. & Mrs. Smith, Grandma Smith (Mom in law who has to be sure her daughter is getting the best house) Little Joey and Sarah Smith - who I have to buy candy, coke and other goodies for to keep them occupied (and then take my car to the detailers to get the "goodies" cleaned from the upholstery and carpet)
Cost of buying a new computer because I have to keep up with the online discounters and pay P2A for the wonderful hosting and features of my own website and without the new computer I can't even stay in business.
And I sure hope this day she spends with me happens on the same day that I have to pay my board dues! Yea, there goes 6% of my income! LOL
Then from the board we will drive over to the printer to have those wonderful flyers made up where she can watch me shell out $0.31 each for 1000 of them.
Then we will stop by the sign maker where I shell out another $160 for 25 open house signs because 14 of the last 25 I bought have mysteriously come up missing while I was doing that open house that I just spent $150 to advertise in the newspaper for one day (see my BLOG on the the OMG WHAT A DEAL and Homes and Land Magazine - which by the way if made a stop by to pay that bill would be a mere $700 for the month).
Then we stop by the office to stuff those flyers and stamp them which just cost us another $150 or so. Oh crap, we forgot to get the post cards for the Just Sold cards for that listing we finally were able to get sold because it was overpriced by a stubborn seller and it took us 8 months to move but we did because of that wonderful marketing that we have spent so much on. So we make a trip back to the printer and pick them up and then run over to the post office to drop them off, stamp and mail them which cost us how much? Another $75.00 or so?

Crap my day has just begun and I've already spent how much? Well who's counting? Certainly not the blond doing this interview and certainly not that (_|_) clown from REDFIN.

But now comes the fun part. It's about noon by now and we get to go out and get our daily dose of disrespect and hatred from the FSBO's and Expireds. So we head back to the gas station to load up the Jeep with gas...another $55.00. Can someone loan me a 50 spot? I'm runnin' outta money now! Oh, crap, I guess I can add it to that credit card? Can't I? Well, I guess I better. So that $55.00 just turned into that plus the interest. OH BOY this day is getting expensive.

So we go knock on that FSBO's door that we seen just before feeding the Jeep it's daily dose of my 6%. She answers the door and just as I'm starting to say my name she screams "Get the @#$%#& off my property I'm not listing with no #$%#%$ REALTOR!" to which we must smile and say "Thank you mam for your time and I'm sorry I've bothered you." while in our mind thinking "Thank you for treating me like a sub-human even though you don't even know that I'm the nicest guy in the world."

Now we get back in the Jeep and head over to that expired listing. Surely this will be better because this guy must like REALTORS, I mean, he's already listed with one before so at least I have a chance, right? Well, I get there and I knock on the door. No one home. GRR, so I leave $10.00 worth of materials at the door and make notes to contact them or return at a later date in my day planner that costs me about $20.00 -$30.00 each time I want a new one. Maybe I should just start using those $1.79 spiral notepads that teenagers use in school? Sure would let me keep more of my 6% right?

Oh crap, I forgot, I only get 3%...I have to give that agent who brought the buyer at least 3 don't I? Oh well, do I need gas again yet? No, I'm good.

Let's head over to this other expired and PRAY he had at least somewhat of a good agent and he's not in pure hatred of all REALTORS and I haven't caught him coming back from Home Depot purchasing that For Sale By Owner sign. I'm sure I could have given him one out of the many I've acquired from the FSBOs after returning to the FSBO's house that treated me like garbage the first 6 times I visited them and they have finally realized that trying to sell on their own just wasn't going to work and they ask me to replace their FSBO sign with mine and take theirs with me because they will never use a FSBO sign again.

So we start over to the next expired, which just happens to be going right by my Car Insurance Company which is due for the yearly beating I must take from them and I ask "Ms Stahl, do you mind if we make a quick stop here so I can sign up for my new insurance policy that is due?" So we go inside where my friendly insurance agent reminds me that even though I have a perfect driving record, the requirements that my broker states (not too mention the law ) for the amount of insurance I must have on my gas pig that my payments are going to be $250/Mth with a huge down payment as well. Man, I sure hope this next expired that I am about to visit is going to turn into a paycheck!

Ok, I won't take you other agents through the rest of this day in detail but it went something like this. I got to the next expired who also wasn't home and two more who decided they were going to stay put and not sell and I finally got to one that is willing to speak to me about listing their home and made the appointment.

So, Ms. Stahl and I drop by the local Office Depot where I needed to go to get those new drums and ink cartridges for my color laser printer that cost just over $1000 when I bought it and I would be lucky if I could off it on Ebay for $200 if I decided to quit this business and get a job at Waterhead-Mart as a door greeter.

So we spend another grand here at Office Depot but thank God for that Office Depot reward card where I will get a whopping 5% back on that grand that I just spent in Office Depot. That sure keeps a bit more of that 3% in my pocket.

We are headed back to the office when I get a call from my vendor of my 800 number stating they just tried to bill my credit card for my monthly bill and my card was declined. I assure them that if they do it again tomorrow --but make sure and do it early- they will be able to place the charge as I've reached my daily limit on that card and they just tried to bill me too late. To which they reply, "Do you have a different card we can bill?"...blah, blah blah...

...well, you know what I'm getting at.

By the end of this day that blond would be in tears. She would go on live TV and apologize for ever suggesting that we don't earn our keep and she show the world the math that most of us are probably making just around minimum wage and are just so smart that we have figured out how to use our money so wisely that we appear to be well to do. Wouldn't she?

Man, just "WRITING" this blog entry has made me depressed and tired...but I got an imaginary listing appointment so I think I will rest easy and get back to work with researching thoroughly how this home should be priced, look over my notes on the tour of the home to see what suggestions I need to make to stage it properly, post a blog here to get suggestions from you wonderful people on how I might deal with this unique situation I'm about to encounter and then prepare the paperwork for the listing along with my presentation and then print up it up right after I drop those $1000 worth of drums and ink cartridges into my printer.

It's midnight by now and I think I should check my email, respond to all those leads I got and maybe catch some ZZZZs before I have to get back up at 6:00 a.m.. The early bird gets the worm right?

Good day Ms. Stahl. I hope this Realtor Ride Experience has done you at least some good and you and the other media monkey's will get the $%##@ off our backs!

Sincerly,

 Scott McClain

Realty Agent Professionals Team

www.realtyagentpro.com

WHY SMART BUYERS USE A BUYER'S AGENT

"Why Do I Need A Buyer's Agent?"

 

Buying a home is probably the most important purchase you'll ever make. Do you want to go it alone?

Until a few years ago, home buyers had no choice. They decided up a home to buy and negotiated the contract without representation.

Traditionally, all residential real estate agents represented the home seller. That was the true meaning of the "listing agent" who put the home up for sale, as well as the agent who found the buyer. That agent - who helped the buyer find the right home- actually worked for the seller. Under that traditional system, all agents were legally bound to represent the seller and the buyer had no representation.

 

Now Buyers Have A Choice

Buyers no longer need to represent themselves during the home search and purchase while all agents represent the seller. Smart home buyers today can receive undivided confidential representation by choosing a "buyer's agent."

In fact, 71% of home buyers surveyed in a recent Gallup poll for the National Association of Realtors said they would use a buyer's agent next time they purchased.

At last, you don't have to buy a home alone. Now you, like the seller, can have someone on your side looking after your best interests.

 

 

"How Can A Buyer's Agent Help Me?"

 

A buyer's agent usually owes certain duties to their home buyer, such as are, confidentiality, full disclosure and accurate accounting. These responsibilities are defined by state laws, the REALTORS® Code of Ethics, general principles of agency and court decisions.

That's the legal definition. But what does a buyer's agent actually do for the home buyer? Like other agents, a buyer's agent will show the buyer available homes, point out the property's features, provide financing information and submit the offer to purchase the property.

But that's not all. As your representative, a buyer's agent will share valuable and essential information with you if the agent knows it, such as:

  • whether the seller would accept a lower price

  • The seller's reason for selling and timetable

  • How long the home has been on the market

  • Strengths and weaknesses of the property

  • Past sales information (when available)

Most important for many buyers, you can ask a buyer's agent for advice and assistance in setting your offering price and structuring the other terms of your offer. What's more, you'll have peace of mind knowing an advocate is working on your behalf to help you buy at the best possible terms. A buyer's agent's goal is to help you buy the home you want - and at the right price.

 

 

"Who Needs A Buyer's Agent?"

 

If you want to make sure you buy smart, you need a buyer's agent. If you're a first-time buyer, if you're relocating or unfamiliar with the local real estate market, if you're buying for investment and want negotiating assistance, or if you need to purchase anonymously, you'll be best served by a buyer's agent who puts your interests first.

Also, if the real estate professional helping you find a home is a relative, close friend, or business associate or you previously were the agent's home-selling client, chances are you'd expect the agent to represent your interests and should establish a buyer agency relationship. Or, if you just want to get the best value in a property and an agent, you owe it to yourself to be the most knowledgeable buyer you can be.

 

 

"What Can A Seller's Agent Do To Help Me Buy?"

 

Without a buyer's agent, you're really on your own. Keep in mind, the seller's agent is actually working for the seller and is the seller's legal representative. Yes, the seller's agent can offer buyers some services, including a diligent search to find the right home, an explanation of available financing, calculation of monthly payments, estimation of settlement costs, presentation of your offer to buy.

What a seller's agent cannot disclose information not in the best interest of the seller such as an opinion of the home's real value or what price and terms the seller would accept.

By law, the seller's agent must negotiate on behalf of the seller and may not withhold from the seller information that could strengthen their bargaining position. That means you, as the buyer, should be careful not to disclose to the seller's agent any financial or personal information that could be used against you.

 

 

 "What Will A Buyer's Agent Cost Me?"

 

Perhaps the right question is, "What will it cost me if I don't use a buyer's agent?" Purchasing a home without representation is possibly the biggest financial mistake you can make.

A buyer's agent can guide you each step of the way to prevent costly errors. Failure to find out about defects in the property or the actual value to if the property can, of course, be an expensive mistake. And failure to negotiate a contract that works for you can cost you plenty. With a buyer's agent, you can ask for and receive advice and assistance in selecting the best property and determining an offer price.

 

 

"Who Pays The Buyer's Agent's Fee?"

 

That depends. Surveys show in most instances buyer's agents are paid like seller's agents; that is, buyer's agents generally receive a share of the sales commission built into the list price. Many listing agreements between home seller and seller's agent indicate whether the sales commission will be split between the seller's agent and a buyer's agent. That's because most sellers are prepared to pay a commission simply to get their home sold. They aren't concerned whether its a s seller's agent or a buyer's agent that shares the commission.

There are, however, other ways buyer's agents may be paid. Be sure you understand from the start - before you commit to a relationship with a buyer's agent - how the buyer's agent will be paid.

Remember, the question you really need to ask yourself is: "Can I afford to buy a home without a buyer's agent?" For most home buyers today, the answer is  "NO!"

 

 

"What Is An 'In-Company' Situation?"

 

Sometimes the home a buyer wants to purchase is listed by the same agent who is representing the buyer or by another agent from the buyer's agent's real estate company. That case, the buyer's agent's ability to fully represent either the buyer or the seller may be limited. The resulting relationship goes by different names in different parts of the country- for instance, "designated representative," "transaction broker," "facilitator," or "disclosed dual agent," State statutes and common law determine how an "in-company situation" is handled.

If an "in-company situation" occurs, it must be properly disclosed to both buyer and seller who then give written informed consent to modify the agency relationship. Each state may vary in what is specifically required of the agents.

In some states, an "in-company situation" can exist where different sales associates of the same brokerage firm each fully represents exclusively the interests of their own client- the buyer or the seller-in an in-house buyer-agent transaction.

Be sure to ask how your buyer's agent handles in-house listings. An "exclusive buyer's agent" has no listings and thus avoid the limitations of an "in-company situation."

 

 

The Bottom Line

 

If you want an agent to fully represent your best interests, if you want help evaluating a property, if you want someone to negotiate to get you the best price and the best terms, if you want to purchase a home in what's becoming the most popular way to buy, you'll want to enlist the aid of a buyer's agent.

 

 

 

Note: The laws of agency relationship differ from state to state and are continually evolving. Your real estate professional can explain local agency rulings. Be sure you understand and are comfortable with the choices involved when you engage the services of an agent.

I spent the last week trying to decide if I wanted to begin a marketing campaign in one or any of the hardcopy priint magazines. So I began looking them up online and contacting the necessary representatives to obtain the advertising costs.

After about ten calls to all the of the most popular magazines and getting all the pricing and other perks and bennies that came with them all I had made a decision on which one I was going to go with - HOMES AND LAND!

Now, the rep had told me the pricing and one of the many benefits that she "assured" me of was that of the approximately 150 leads per month that I would receive that they were thoroughly screened unlike any other lead generating systems.

Now, I had all but committed myself to Homes and Land Magazine at this point and I wanted to get some ideas on how to format my ad so I went to HomesandLand.com and placed an order for the magazine just as any other buyer or seller might do. Now, I really wasn't thinking about it at the time I simply wanted a copy of the magazine and did not want to take the time go and locate one in any of the in-store racks but later something would become blatantly apparent regarding the lead generation.

The system will not allow someone that is ordering the magazine to opt out of being contacted and, in fact, would also force you to decide if you are a buyer or seller. There is no option for I am an agent wanting a copy of the magazine, I am not serious about buying or selling, i.e. "none of the above". So I chose my options to force the system to mail me the magazine.

Well, I discovered after this that if I wanted to make the deadline I would not have time to wait for the magazine to be mailed to me so I went on my trek to locate a copy myself.

I first went to the closest Publix to me and found many other magazines on the rack but no Homes and Land. I went to Albertson's next...no Homes and Land. Wal-Mart...no Homes and Land Magazine here either. So I was not going to give up and I kept on my search and went to four other locations before I finally located a copy. And mind you, it wasn't because the ads were all taken. The racks were all marked for what magazine goes in the rack's slots. None of the stores I went to had a slot for Homes and Land Magazine...until the 7th store which was completely full of the Homes and Land Magazines.

Now, at this point I was becoming very concerned if I was making a good choice or not on which magazine I might use. If I can't find a copy how many potential buyers would find one? And this was near the end of the cycle for that month and the ONE store I located that had them in the slot was FULL indicating that even though they claimed to have a large of magazines in racks with a large number of circulation (40,000 county wide supposedly) that no one was taking the magazine, or at least not from the one store that actually stocks them.

So I called the rep the next morning to discuss this issue. She claimed that they were all taken by users of the magazine. But I explained that the racks were all clearly marked in the slots and the stores that did not have any copies had no slots marked for Homes and Land Magazine either. To which I was told that they are only in "select" locations that are high traffic. So I told her that once I finally found one that the slot on this rack was completely full to which, of course, she had an answer to that as well. That particular location is just not moving the magazines as well as others.

Now, I had written the prices down but I asked again what the cost of a full page ad was going to be. Funny, the price went up from $439/mth to $695/mth for a glossy print full page add. I did not say a thing to her about this just to see if she was going to be willing to negotiate the price (keep in mind they are franchised). I asked that for one month the price be at $500 (still an increase over the price I was quoted the day before!) and she would not budge.

So I told her that I was going to think it over but would most likely choose a competitor and thanked her for her time.

Now, when I registered for the magazine to be sent to me I registered with my email address from my Point2Agent domain which is realtyagentpro.com. Clearly anyone in their right mind would see that I am an agent that would be "screening" them. No one from Homes and Land Magazine had attempted to contact me to screen me in any way, shape or form and I began getting emails from both REALTORs and mortgage brokers.

I went to my mailbox yesterday to find a letter from a brokers office that I used to work at. I open it and find two copies of the same Buyer's Agent brochure. So I called the agent that sent them to discover that he had mailed me these items because he had received the lead from Homes and Land Magazine.

Now, as I stated above, the rep from Homes and Land Magazine assured me that the leads were scrubbed thoroughly before being sent to the agents. Which by the way are sent to "all" the local agents at the same time that are advertising in the area not just one. But also, since I had given my email address the agent did not catch from my email that I am a REALTOR and sent me a copy of their marketing brochure. I thank them for that because now I have some more good material to utilize! LOL

Well, needless to say, these events did encourage me.And I know now that my decision in the past not to utilize the print advertising has been a good decision. It's encouraged me to find a different marketing avenue to spend my money on!

I don't appreciate being lied to and/or having someone attempt to take advantage of me. This is just another great example as to why we as REALTORs need to take a concertive approach amongst ourselves to force these companies to change their behaviour and their super exorbitant pricing.

Yea, yea I know. If 99.9% of us boycott them there will be that one agent that will take advantage of it and jump off the bandwagon to be the "ONLY" agent utilizing that method of advertising to gain advantage over her competition.

Wow, what a deal! Or not!

Thanks Homes and Land Magazine for refeshing my memory. I'm sure glad I didn't give you my money!

I think I will take a nice little weekend away instead.

Best of luck to you!

Scott McClain

www.realtyagentpro.com

I'm sitting here working when I get a call to my RECORDED LISTING INFORMATION line. The caller did not use any of the extensions so I'm thinking at first that it is going to be a wrong number. But I call the number and I get a lady on the phone and I go into my normal procedure with the exception of not knowing what avenue she obtained the number from.

 She explains that she called from the sign in the yard at one of my listings - let me add that it states quite clearly on the sign in the yard that number is for "FREE RECORDED INFORMATION" and this is not just a sign rider. I make a completely seperate sign the size of your normal FSBO or Open House signs are. So this sign has clear and concise information on it.

The lady says "Do you have the extension to your rental department? I want to talk to someone in the rental department". Ok, now at this point I'm sure you would agree that anyone would think that this lady is possibly looking to lease a home. Right? I said we don't really have a specific department for rentals that any agent would be able to assist you with locating a rental and then asked if that is what her goal is.

 Note please that I do not do property management nor rental locations. If someone says "Rental" I say "Referral". So I attempt to find out if she needs to be referred to an agent that does rentals.

I asker her "Are you looking to rent a home in the area or in that neighborhood?" to which she replies "No, I just want to know what that home would rent for."

This leads to me to think that she might be attempting to rent out a property that she owns. So I ask if this is what she is needing the information for so I can look up rentals in the area/neighborhood and give her the information she needs.

She says "No I just want to know what the owner of that home would rent that home for." I said, again, "Mam the home is not for rent it is for sale. Can you tell me what it is your trying to accomplish so I can get you the information you need?"

Again, I get "No, that isn't what I want. I just want to know what the owner would rent that home for." I responded with "Mam, I have no idea what he would rent that home for since it is not up for lease it's for sale. But if you would just like to know what properties such as this would lease for if you can tell me if it's just that neighborhood your curious about or the area around that neighborhood I will be happy to look that information up and give you an idea."

Again, she says "No, I want to know what the owner of that property wants to lease that home."

I said, Mam, are you asking me if the owner of this home would consider leasing it because you want to lease this specific home?".

Again, I get "No, I don't want to lease that home."

At this point I have no idea what this person's goal is. So I asked her if she wanted me to look up the rental costs for that neighborhood or area to which again I get a "No." And I still don't know what the $#@# this lady is asking for or what her goals are and she is hiding from me like I'm a stalker with a vengeance!

So, I tell the lady that unless she can tell me what it is exactly that she wants there is nothing I can do for her if she keeps hiding from me. I am just trying to help you but your not giving me a clear question to answer - THE HOME IS "NOT" FOR RENT! It is for SALE."

Again this woman, who is obviously off her medication or something says "I just want to know what that home would lease for."

Now, I say "Mam, I can't help you." and I hang up the phone.

So, if any of you out there know where I can download a good Mindreading program I would be most grateful for the link!

AAAAAAAAAAAHHHHHHHHHHH!

Home sellers beware of the predators that are looking to "STEAL" your home and cost you profits! There are so-called "investors" out there that are preying on unsuspecting home sellers that only want to get your home at under market value costing you thousands of dollars. To give you a perfect example of one of them I will post here an email that I received from one of them that was not even smart enough to read the ad that I had posted on Craigslist for one of our clients homes to see that I am an agent. Below is the excerpt from the email that was sent to me with the URLs that were in the email changed to protect the innocent and unsuspecting from actually getting abused by these animals:

Hi,

Saw your posting on Craigslist.

Wanted to drop you a line to tell you that our company buys houses all over the United States and that we would be interested in purchasing yours as well.

Sell your house for a fair price, on the date of your choice, all without doing any repairs.

It’s that simple.

[URL WAS POSTED HERE]

If you could fill out the attached form, it will go to one of our Property Managers in your area and we will be able to give you a meaningful and intelligent offer within 48 hours.

[URL WAS POSTED HERE]

If you’re property is listed with a Realtor currently, we’re probably not going to be able to work with you; however, from time to time we do buy houses that are listed.

 

Thank you for your time.

[NAME OF PREDATOR WAS POSTED HERE]

Chief Marketing Officer

[URL WAS POSTED HERE]

 

PS If you reply to my address, I won’t be able to help you as I’m in the marketing department in at the firm here in New York and I do not make offers to sellers.

We simply won’t be able to help you unless you fill out the attached form.

[URL WAS POSTED HERE]

Notice that they wanted nothing to do with a home that is listed with a REALTOR®! Why? Because they know that we REALTORS® are EDUCATED and would not allow them to take advantage of you and STEAL your home from you.

Home sellers beware! Call a REALTOR® before dealing with any of these predators. Get some advice to ensure that you are not being taken advantage of! We REALTORS® are here to help you avoid the likes of the example above. Please! Make the call so we can help to protect you!

S.P.A.M. - JUNK MAIL - MARKETING OFFERSIck!

RESPOND TO THEM OR DELETE THEM?

As I went through my normal morning rituals this morning and reached the point of checking my emails hoping for a new client email that says "Scott! You are the greatest real estate agent on the planet and we have $10,000,000 cash that we want to buy MLS ( or "NLS" ) number XXXXXXX and we want you to write the offer and we will be available to meet to sign the agreement at 12:00 P.M. today. And we also have three $5,000,000 homes that we need listed and we want to market each one for a mere $2,500,000 so bring your listing agreements for the properties located at 123, 125,127 Main St Dreamville, Fl. See you at NOON!" I was disappointed that the following email was the one I received instead:

 

Subject:  Realtor free advice and report on search engine rankings 

Send me your webpage address and I will see

how it ranks on the search engines and send you

a free report. It will detail what your average ranking

is along with link count and advice on what your

website needs in possible changes to meta tags and

content. First try the free report. No charge no obligation.

I work with realtors to optimize their webpages so their

rankings move towards the top of search engines. I give

a lot of free advice on how to change your page so you

get unsolicited business in this tough market. I was a realtor

for over 10 years so I understand your needs. Realtors are

dropping all print advertising and using the internet.

I charge for submitting to the search engines and changing meta tags.

I am by far the most inexpensive in the business. First just try the

free report. You are under no obligation.

[SIGNATURE DELETED FROM HERE FOR PRIVACY REASONS - and I don't wish to offer any shameless plugs for this marketing genius ]

to unsubscribe or opt-out clcik dahnerlaurence@aol.com and I will remove you from this campaign. If you wish to do so by mail send it to 612 se norseman dr, port st lucie, fl 34984. Remember when you email to send the email address to be removed.

 

Now, notice that this marketing guru has a broken shift key on his keyboard apparently because he is obviously unable to capitalize any letters that really ought to be. Hmm? Stick out tongue

So, I decided to offer him my " suggestion " on how to better market himself by offering the following in response:

Dahner,

I would think that since you somehow found my email address and if you are as good as you state you are that your marketing skills must have a small defect or at the very least a large oversite.

Think about what you just offered for "FREE".

Since you already have my email address you should have figured out from my email address what my domain is.

Since you are offering this analysis for free wouldn't it have been far more productive to do the work that you are offering for free. Send the report on the rankings, links, meta tags etc as a courtesy to the potential clients that you are attempting to market to for new business with those statistics allowing them to see exactly how much work they might need and then include what the statistics would be if you were to do your optimization for them?

Think about it. "GIVE" the users the information that you are offering for free along with the improvement you believe you can offer. Show them EXACTLY what they are going to receive and then sell them with that.

Wow, I'm a freakin' marketing genius! :) Now, I won't charge you for that advice either.

But if you do offer this you darn well better produce. You stated you were once in real estate. Which I can't for the life of me understand how you could not still be in the business if you are as good as you promote yourself to be at web marketing. But that is another story. If you were in this business for any length of time at all then you know that if you sell this service and do not produce the word of mouth will travel quickly throughout the agent world and you will get blackballed quickly.

Try that method suggested above and I'm sure you will see far better results from your simple offer of free SEO checks. Give the SEO check in your initial contact along with the improvements you state you will produce. Then produce them. I'm betting your RIO will increase by 75%!

Good luck.

Scott McClain - FULL TIME REALTOR®

I intentionally removed my contact information from the signature because I really want to see what is response to this will be and if he can figure out what my domain is, will he then do the FREE work that he advertised and/or will he take my suggestion and run with it by using my own domain and sending me back the results.

Or do you think he will be insulted and respond with a defensive nature?

Hmm? Time will tell.

I will post the responses when I get back from my mini vacation on Tuesday.

This should be fun and interesting.

LONN! WHERE ARE YOU? LOL

I had purchased a neighborhood today that I recently sold a home there in 42 days. Quite a feat in this market especially since the home backed up to a very busy road (which was the common complaint of the 30 or so showings it had in that time).

So I went over to get some new pictures of the neighborhood itself to add content to it. As I was parked near the entrance getting my pictures and was walking back to my vehicle there was an elderly couple picking up a flyer from a home on the corner that is currently listed with a REALTOR®. I politely asked were they considering purchasing a home in the neighborhood to which they answered yes.

Of course I'm thinking "AWESOME! A NEW CLIENT!". Well, I offer my a greeting, introduction of myself, a handshake and a business card and ask if they were currently working with anyone. A practice I do with any and all new clients. The gentleman states that they are "locked into someone". I said Great, who is the realtor? to which he could not tell me the last name or the brokerage. But I said I'm sure they will do a good job for you and parted ways.

I drove to the other entrance of the neighborhood and took some more pics and then returned to get some pictures of the private community lake and find them waiting to go into a FSBO home - without their REALTOR. I got out and we spoke for a few minutes again about the home they were waiting for the owner to "tidy up". He stated, without my even asking, that if they could buy it from the FSBO they would be able to save money. It was all I could do to keep from laughing so hard I would wet myself. But I shook his hand and said "Don't ditch your REALTOR it will be much to your advantage to allow her to work this deal for you." And he just smiled.

I went away wishing he would have had more information regarding who the REALTOR was that he "locked into" so I could call her and suggest that she might want to give their cell phone a jingly immediately.

I have ways that I create loyalty with my buyers. It seems to work because I have only once had them go without me and I suspected all along that those particular buyers might and didn't put much time at all into them due to that fact. And those that I know have no loyalty at all I simply smile and wave at them as I say goodbye.

So, what do you do to create loyalty? Buyer Broker agreements? Simply ask? Give us some ideas and input on what you do to create loyalty and furthermore, what you do when you find that the buyer has no loyalty.

Give it to them again guys n' gals! Point2 is cleaning up the deadbeats from the lists! How do I know this you might ask?

Well check your "Handshakes Complete". You are surely going to notice that the number has changed (dropped most likely). I noticed it that it was changing on mine today so I gave them a call. I was informed that they are running a program through the lists to weed out those users who have not used their websites and deleting them from the system.

They also informed me that the "Pending Their Approval" list will also see this same routine soon!

So, look for the deadbeats to come up on the "Missing Persons" lists! I guess those people at the milk carton manufacturers will be very busy with the new pics for the sides! LOL

Go get 'em Point2!

I would say that once this is done we can more easily determine who is/isn't abusing the handshake agreement!

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Future Home Realty

Scott McClain
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