(Also Known as “Serendipitous Showings”) Teresa Boardman (St. Paul Real Estate Blog) has a nice post giving the agent’s side of why, just maybe, you may not be able to show a prospective Buyer you’ve never met a home on the other side of town at 4 p.m. when they call at 3:10 p.m. The...Read More
“Is That Like a Licensing Fee?” Getting breakfast at McDonald’s this morning, my 8 year-old son asked me how much a Redbox was. If you didn’t know, McDonald’s — and virtually every other retail location — now sport the ubiquitous red vending machines that dispense DVD’s, not soft drinks. Thinking he meant a DVD rental,...Read More
Housing “Ahab” Finally Finds Her Moby Dick Bay Area real estate has always demanded patience on the part of buyers. Many spend months scouring listings in hopes of finding “the one.” Then there is Lidia Pringle. Over two-and-a-half years, Ms. Pringle personally inspected 298 homes in Marin County. –“A Picky Home Buyer Pursues An Epic...Read More
Realtor Pay-Out’s Rise with InventoryNo, mortgage rates didn’t hit 4% over the weekend. Rather, that was the pay-out being offered on not one but two of the homes I showed over the weekend. In fact, out of 8 homes I showed, fully half offered above the standard 2.7%. Commission Primer For those who don’t know,...Read More
Attention to Detail + Hands On Role What exactly do Realtors mean when they say they’re “full service?” It’s certainly a fair question, because a full service commission in the Twin Cities these days typically ranges from 6% – 7%. By contrast, “discount” Realtors charge 5% or even less (“limited service” is actually a better...Read More
Just Don’t Call it a Commission Other Realtors charge a commission. I, on the other hand, prefer to call it a “reality fee” (a friend passed along the email, below, from an upcoming FSBO seller — as in “For Sale By Owner”). Hello! We are announcing the upcoming sale of our beautiful home. It will...Read More
