Jack Lewitz (Exit Strategy Realty)

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Rainmaker
1,708,245
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

Becuase they are no longer playing with the house money.

Dec 15, 2015 06:31 AM
Rainmaker
634,382
Kathleen Luiten
Resort and Second-Home Specialist - Princeville, HI
Kauai Luxury Ocean Home Sales

Actually no, i've never had a seller who wanted to do a FSBO. Maybe they've seen how low the sales prices are for FSBOs here on Kauai.

Dec 15, 2015 06:05 PM
Ambassador
5,754,628
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

I am always amused that people will try to pinch pennies here, do they really want to have the home on the market that is paying the lowest commission and thus irritating agents on both sides of the transaction.

Dec 15, 2015 05:50 PM
Ambassador
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Tammy Lankford,
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Broker GA Lake Sinclair/Eatonton/Milledgeville

everybody wants something for nothing.

Dec 15, 2015 01:00 PM
Rainmaker
212,705
Stefan Winter
Real Estate in IL & NV | Owner of Real Estate Web Tech | Daily Vlogger - Las Vegas, NV
Owner - Winter Group & Real Estate Web Tech

An educated seller does not have as big a problem. 

Dec 15, 2015 12:58 PM
Ambassador
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Patricia Kennedy
RLAH Real Estate - Washington, DC
Home in the Capital

It's all part of the myth that the seller pays the commission!

Dec 15, 2015 12:47 PM
Rainmaker
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Debbie Laity
Cedaredge Land Company - Cedaredge, CO
Your Real Estate Resource for Delta County, CO

Oh yes. No one wants to pay us for our services. We are normally rich people, and go out to our backyard everyday and pick money off our money tree. 

Sellers also want our services until we bring the buyer and get ready to close. 

Dec 15, 2015 12:18 PM
Rainmaker
1,157,535
FN LN
Toronto, ON

Some people don't view the buyer commission as coming out of their own pocket.

Dec 15, 2015 11:58 AM
Ambassador
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Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

Yes I had a neighbor just like that. They even admitted that they had always sold on their own and knew they could do it. 

Dec 15, 2015 10:15 AM
Rainmaker
529,377
Buzz Mackintosh
Mackintosh REALTORS - Frederick, MD
“Experience, reliable, leadership”

If your listing presentation shows your value, you should not have a problem with someone realizing your service is worth every penny they are paying you. I find it comes down to how confident an agent is when making their presentation of their services .

Dec 15, 2015 08:49 AM
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Anna Banana Kruchten CRS, Phoenix Broker
HomeSmart Real Estate BR030809000 - Phoenix, AZ
602-380-4886

No I don't see much of that in my area. FISBO are far and few between and they're usually not a FISBO for long as the sellers figure out it's not that easy to market their home and get a bonifide offer.

Dec 15, 2015 07:22 AM
Rainmaker
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Larry Johnston
Broker, Friends & Neighbors Real Estate and Elkhart County Subdivisions, LLC - Elkhart, IN
Broker,Friends & Neighbors Real Estate, Elkhart,IN

They are afraid someone else besides themselves will make a little money.

Dec 15, 2015 06:56 AM
Rainmaker
928,876
Troy Erickson AZ Realtor (602) 295-6807
HomeSmart - Chandler, AZ
Your Chandler, Ahwatukee, and East Valley Realtor

Jack - I haven't really noticed a lot of home sellers wanting to sell by owner. Most understand they need an agent to help get their home sold.

The talk of getting paid is always easier with buyers, however, because they don't have to pay (typically) for our service. All of the commission paid out for a sale is typically paid for by the sellers.

Dec 18, 2015 02:49 PM
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Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Jack Lewitz may be you haven't see it all yet...

I have buyers asked me for the commission back from what I earn as buyer's agent....no kidding!

Dec 16, 2015 02:35 PM
Rainer
67,209
Evelyn M Epperson
Coldwell Banker Residential Brokerage - Johns Creek, GA
A Tradition Of [Excellence, Trust & Service]

Absolutely they did not pay us to first time.  

Dec 16, 2015 09:24 AM
Rainmaker
1,430,521
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

I haven't seen it, but "because now they have to pay" seems to be a logical reason.

Dec 16, 2015 01:16 AM
Rainmaker
616,385
David Gibson CNE, 719-304-4684 ~ Colorado Springs Relocation
Colorado Real Estate Advisers LLC - Colorado Springs, CO
Relocation, Luxury & Lifestyle residential

Jack,
Rarely a problem but if I sense even a hint I suggest they consider it and then walk them through the process:

# 1 Your house won’t be in the MLS while your competition is.

# 2 Safety and security issues of owner letting just anyone in to see the house.

# 3 House can only be shown when they are home.

# 4 No staging, professional photography, etc.

# 5 Buyer will almost always have an agent who will still demand ____  %.

The list goes on and on.

 

I have never had anyone actually do it, they always list.

Dec 16, 2015 01:16 AM
Rainmaker
2,691,488
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

All the time. If you take the few thousands dollars and divide them down to the hour, its no big deal and money well spent too. Everyone wins

Dec 15, 2015 11:02 PM
Rainmaker
7,038,423
Roy Kelley
Retired - Gaithersburg, MD

No. In our market, the great majority of home sales are handled by agents.

Dec 15, 2015 10:55 PM
Rainmaker
3,070,984
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty

No

Dec 15, 2015 10:20 PM
Rainmaker
4,569,338
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

No, not really. Most understand the process and prefer professional help!

Dec 15, 2015 09:49 PM
Rainmaker
4,352,493
Richard Weeks
Dallas, TX
REALTOR®, Broker

Funny how that works.

Dec 15, 2015 09:48 PM
Rainmaker
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Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

There are some buyers who wont hire an agent because they think it costs them extra. On the selling side many who chose to go fsbo have had a bad encounter with a bad agent. They dont realize there are good and great agents out here. Those who want to save money try discount brokers and learn the hard way when they lose more money than they saved in some cases.

Dec 15, 2015 09:32 PM
Rainmaker
915,898
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

Yes, I have noticed.

What I also know it this seller has actually elected to raise their costs or lower their net by the decisions they make.

What needs to occur is those agents bring buyers to fsbo's need to recognize their duty requires them to do both sides. When both sides includes a 'balking seller' the fee must be premium.

What these agents choose to do, IS reflective of their value.

Dec 15, 2015 09:31 PM
Rainmaker
4,492,665
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Not especially.... we have very few FSBO's in our area and 95% of them that do FSBO end up listing within 4-6 weeks.

Dec 15, 2015 08:27 PM
Rainmaker
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Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Many consumers do not sign a buyer agency contract so they do not mind but when listing a hosue for sale they need to sign a contract.

Dec 15, 2015 08:19 PM
Rainmaker
2,012,718
Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker in DC, MD, VA and attorney in DC

Don't you love that mentality! Of course it gives us another source of clients! 

Dec 15, 2015 07:47 PM
Rainmaker
2,759,637
TeamCHI - Complete Home Inspections, Inc.
Complete Home Inspections, Inc. - Brentwood, TN
Home Inspectons - Nashville, TN area - 615.661.029

 Good morning Jack. It's all about the money. Follow the money.

Dec 15, 2015 05:29 PM
Rainmaker
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Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

I suppose that happens in some markets!  A

Dec 15, 2015 10:33 AM
Rainmaker
3,986,000
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

Yes...think they are going to save a lot.

Dec 15, 2015 09:35 AM
Rainmaker
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Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

Usually these people bought from someone else and only had a so-so experience !

Dec 15, 2015 08:37 AM
Ambassador
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Paul S. Henderson, REALTOR®, CRS
Fathom Realty Washington LLC - Tacoma, WA
South Puget Sound Washington Agent/Broker!

Nothing new about that. Bargain hunters abound. I am tax deductible

Dec 15, 2015 08:20 AM
Rainmaker
5,326,003
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

I have heard a few homeowners in Denver think they can sell the home on their home, since homes are selling so fast. 

Dec 15, 2015 07:36 AM
Rainmaker
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Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

I am SO OVER people who don't think we earn our commission. They can go it alone and good luck. Karma is a B and so am I. :D

Dec 15, 2015 06:49 AM