Comments on: Would You Use The Same Real Estate Agent To Sell Your House Again? 80% Said No! http://blog.agentharvest.com/finding-an-agent/would-you-use-the-same-real-estate-agent-to-sell-your-house-again-80-said-no/ Find out what the real estate industry isn't telling you, as told by a licensed Realtor Wed, 04 Jan 2012 18:45:23 +0000 hourly 1 http://wordpress.org/?v= By: Bill Petrey, Realtor http://blog.agentharvest.com/finding-an-agent/would-you-use-the-same-real-estate-agent-to-sell-your-house-again-80-said-no/#comment-2415 Bill Petrey, Realtor Tue, 12 Jul 2011 20:54:56 +0000 http://blog.agentharvest.com/?p=668#comment-2415 Harry: The 80% may not all be dissatisfaction. I bet a lot of it is just that their agent wasn't impressive or they think that just any old agent will do. The reason the a-la-carte thing might not go over is that people are not used to paying for agent services until the sale. I think there would be some resistance in adopting a paying policy. Even though I say that, flat-fee agents are gaining in popularity and they offer a large portion of services that are paid for up front, regardless of the house selling or not. Harry:
The 80% may not all be dissatisfaction. I bet a lot of it is just that their agent wasn’t impressive or they think that just any old agent will do. The reason the a-la-carte thing might not go over is that people are not used to paying for agent services until the sale. I think there would be some resistance in adopting a paying policy. Even though I say that, flat-fee agents are gaining in popularity and they offer a large portion of services that are paid for up front, regardless of the house selling or not.

]]> By: Harry http://blog.agentharvest.com/finding-an-agent/would-you-use-the-same-real-estate-agent-to-sell-your-house-again-80-said-no/#comment-2414 Harry Sun, 10 Jul 2011 06:07:02 +0000 http://blog.agentharvest.com/?p=668#comment-2414 It really bothers me to see that the level of dissatisfaction is as high as 80 %. I don't agree with the statement of May 24,2010, simply because people pay for results. It really bothers me to see that the level of dissatisfaction is as high as 80 %. I don’t agree with the statement of May 24,2010, simply because people pay for results.

]]> By: admin http://blog.agentharvest.com/finding-an-agent/would-you-use-the-same-real-estate-agent-to-sell-your-house-again-80-said-no/#comment-1201 admin Mon, 24 May 2010 22:26:04 +0000 http://blog.agentharvest.com/?p=668#comment-1201 Thomas: While buyer representation is not free, it doesn't cost extra. The buyer's agent fee is usually taken out of the listing agent commission so it's either extra money kept by the listing agent or a portion paid to the buyer's agent. I actually think billing like a lawyer would be a better option where everything is a-la-carte. However, I'm sure that wouldn't go over well. People are only used to paying when the house sells, and not paying when it doesn't. That's a tough mindset to change. Bill Petrey AgentHarvest Thomas:
While buyer representation is not free, it doesn’t cost extra. The buyer’s agent fee is usually taken out of the listing agent commission so it’s either extra money kept by the listing agent or a portion paid to the buyer’s agent.

I actually think billing like a lawyer would be a better option where everything is a-la-carte. However, I’m sure that wouldn’t go over well. People are only used to paying when the house sells, and not paying when it doesn’t. That’s a tough mindset to change.

Bill Petrey
AgentHarvest

]]> By: Thomas A B Johnson http://blog.agentharvest.com/finding-an-agent/would-you-use-the-same-real-estate-agent-to-sell-your-house-again-80-said-no/#comment-1192 Thomas A B Johnson Sun, 23 May 2010 19:05:49 +0000 http://blog.agentharvest.com/?p=668#comment-1192 Sellers would also be much happier if they only paid for their own representation and if buyers paid their own way. In order to divorce commissions, lenders would have to allow a separate line item on the HUD-1 for buyer representation and permit the buyer to add their representation to the loan balance. If this ever happened we would see more use of retainers. A the end of the day, sellers don't want to write checks, and buyers want to feel like their seller paid "representation" is free. Sellers would also be much happier if they only paid for their own representation and if buyers paid their own way. In order to divorce commissions, lenders would have to allow a separate line item on the HUD-1 for buyer representation and permit the buyer to add their representation to the loan balance. If this ever happened we would see more use of retainers. A the end of the day, sellers don’t want to write checks, and buyers want to feel like their seller paid “representation” is free.

]]> By: admin http://blog.agentharvest.com/finding-an-agent/would-you-use-the-same-real-estate-agent-to-sell-your-house-again-80-said-no/#comment-988 admin Mon, 12 Apr 2010 18:11:55 +0000 http://blog.agentharvest.com/?p=668#comment-988 Joshua: Possibly. You have to also consider that a large number of homes listed on MLS do not sell. Can't imagine recommending an agent that didn't sell my house, even if the reason it didn't sell was beyond my agent's control. I do agree from the Texas Realtors article that we don't keep in contact enough with past clients but I also must assume that bad agents don't get recommendations. My areas of focus on reform would be to force higher education requirements or an apprenticeship to reduce the ease of getting licensed and I'd also suggest having an option of commission based or an price list type of pricing structure so clients could chose their options and do some things themselves. However this will not be popular because clients want free service if the house doesn't sell and to pay as little as possible when it does. Perceptions will have to be changed first. We'll probably evolve into a pricing structure like lawyers do. Joshua:
Possibly. You have to also consider that a large number of homes listed on MLS do not sell. Can’t imagine recommending an agent that didn’t sell my house, even if the reason it didn’t sell was beyond my agent’s control. I do agree from the Texas Realtors article that we don’t keep in contact enough with past clients but I also must assume that bad agents don’t get recommendations.

My areas of focus on reform would be to force higher education requirements or an apprenticeship to reduce the ease of getting licensed and I’d also suggest having an option of commission based or an price list type of pricing structure so clients could chose their options and do some things themselves. However this will not be popular because clients want free service if the house doesn’t sell and to pay as little as possible when it does. Perceptions will have to be changed first. We’ll probably evolve into a pricing structure like lawyers do.

]]> By: Joshua Dorkin http://blog.agentharvest.com/finding-an-agent/would-you-use-the-same-real-estate-agent-to-sell-your-house-again-80-said-no/#comment-984 Joshua Dorkin Sat, 10 Apr 2010 19:55:33 +0000 http://blog.agentharvest.com/?p=668#comment-984 Real estate agents and the NAR should take notice of this information, as it does not bode well for the industry. Perhaps something needs to change with how business is done? Real estate agents and the NAR should take notice of this information, as it does not bode well for the industry. Perhaps something needs to change with how business is done?

]]>