thefuzz

13 minutes ago, Bear Hands said:

I'm on as needed lol.  I at least get the Bryce pick uninterrupted.  Likely in and out picks 3-12

Happy wife=good life.  

I'm happily married, have been for some time.....I'm just giving you a free piece of advice.

Without asking, my wife knows I'm not going to be on the phone with a photographer, not going to or participating in baby or wedding showers, and I know she's not going fishing with me on Monday.

Something that my Mother told me when I went head over heels for my now wife...."start out like you can hold out".  

Hmmm, haven't thought about it.

With me deciding that I've had enough work for today, I'll likely be pretty drunk before we are on the clock.  

Gonna work on the boat this afternoon and drink some Miller Lite's in the sun.

27 minutes ago, Bear Hands said:

I somehow have a joint wedding planner+photographer+caterer call at 8:30-9:30 ET that my fiance will be running.  I'm like c'mon! Apparently I had a chance to change it and forgot it was on the calendar. Draft will be behind the laptop zoom on the TV muted and I'll have the Athletic live pod in one ear with a beer lol

 

 

Do not get on this call.

I'm actually pulling for the guy now.

Just now, Cullenator said:

That's good info.  Ill look into the legality thing 'cause I'm not looking to be one of those guys. 

I just want to reward our listing agent for a job well done but don't want to just fork over an excess of money if we get a full price offer on day one and the agent did the barest minimum to get the house in MLS.

If that is the case, just do a for sale by owner.  Pay an attorney to draft a contract, and cut out the entirety of the mess.

Is the broker local, have you met him, how much volume does he move?

One point on your second sentence, the work STARTS when the first offer is made.  Not the pictures, not the getting it in MLS, not the CMA (comparative market analysis), etc....

The pain is after contract, not before...so if you want to reward him, just pay him like a normal broker.

Also, please consider just how important your single job is, once the contract is in place?  If his slice of the pie is small, just what are the chances of him slipping out of the movie theater to take a call from you or the closing attorney?  Zero?  Less?

Either way, good luck, more than happy to help if I can.

Just now, Cullenator said:

No that was our idea.  I want to respect that if we agree to list at a fair price and he busts his hump to pit buyers against each other and get the price up he gets compensated. 

 

Fortunately for us we live in a community that has 4 or 5 different home plans so there are many homes with our exact floor plans and I cant count on both hands the number of them that have sold in the last year so comps are pretty straight forward.

OK.  I'd have to look back into the rules, as I don't practice general brokerage, and don't do "offers" on anything....but I'm pretty sure that's illegal.

I get pretty frustrated with many in my field over the "offers" thing.  My response to them is always the same "are we making offers, or buying real estate?"  In those exact words.  Now, again, I don't operate in that line of the business, so take that, and what I'm about to say with a grain of salt.

I don't like the pitting of buyers against each other.  Don't like pricing a home just below it's value to drive offers over list.  Would prefer the home be listed for a fair price, and for the deal to proceed like a fair deal.  There are transactions where both buyer and seller can walk away happy, unfortunately, this is not one of those markets.

The way this market, and sellers have pitted buyers against each other isn't a good thing, not now, not down the road, and hasn't ever been in the past.

6 minutes ago, Cullenator said:

Talking to a guy who seems to be open to a flat fee with bonuses.  Like 10% of anything above list, +cash for each additional offer he has to manage, and additional cash if we dont have a deal (not a closing but a deal) in 3 weeks.

 

Fortunately my part of the world is still very much a sellers market with high desirability and low inventory.  Homes in my surrounding area often go under contract in a week to ten days and dont often come back on the market.

You need to be careful, did he bring up the "10% over list" idea?

Where are you located?

25 minutes ago, Mr. Scot said:

Looks like we're doing decent in that department now though...

Seeming that way to me....sorta.

Moton is like that, Moore to a certain extent, but not the type output of the others named.  CMC was amazing, as is Horn...but both have had issues with health.

Burns has stayed healthy, but doesn't quite affect the game the way that Pep did, Gross and Kalil 1 were incredible to have...same to a certain extent with Smitty as well.

11 minutes ago, TheBigKat said:

you never fully appreciate how good he was until you had to sit through Kalil, Bell, Erving and every other disaster in between

I did.

There are very few players throughout the years that I just simply didn't worry about.  Gross, Kalil 1, Peppers, Bradberry, etc...

Guys who showed up, did their jobs, week in and week out.

7 minutes ago, toldozer said:

Oh absolutely,  my choice isn't for everyone but has been great to me.  As for the comments about the commission split wasn't intended to be rude so I hope you didn't take it that way just wanted to make sure no one was getting taken advantage of lol

Oh, heck no, that was more of a simplistic write up of a younger/greener agent.

I've been in the biz now for 20 years....as hard as that is for me to imagine.  I operate in a really specialized niche in the industry, tough to break into it, and even tougher to get out.

3 minutes ago, NAS said:

I like Stroud’s size and arm but not his processing/ anticipation. 

I am only concerned with Bryce’s size. He has an NFL caliber arm, can make any throw outside of a 65 yard throw on a rope. 

His ball placement is fantastic, and I preferred CJ once I watched the games a little...but, and there is a big but, I've not spoken with him, nor do I really know what I'm looking at like Frank and Co.

I'm hoping you are correct about his arm, but it looks to be lower 1/2=1/3 of the league to me....that said, that's not the end all be all for me, the arm is good enough.  Brees an Pennington made those types of arms work very well.  Manning 1 wasn't any Marino either.

Again, hope I'm wrong about his arm, but, between that and his inability or better said, his never playing under center....does concern me with designing an offense that isn't too easy to defend or figure out.

Just now, NAS said:

I like Stroud but would you rather have a QB that throws with anticipation or one that waits for receiver to flash open

That was considered to be one of Cam’s greatest weaknesses 

Anticipation and Touch were never Cam's strengths, that's for sure.

Youngs size and arm are my worry, not his anticipation.

15 minutes ago, mrcompletely11 said:

You think Bryce is more athletic then Steve young?

Was coming to post just that.

Holy crap, guessing too young to remember said Young.

I recall watching that, almost in disbelief.

Now, I'm not calling Ozzie a fibber here, but he very well could be fibbing.

13 minutes ago, Panthera onca said:

Mr. Scot, I don't think his wife and daughter care that he was working during the soccer game as long as he keeps banking those huge paychecks.

You married?

Still can't believe that Tepper installed turf in Charlotte.  Inexcusable in my opinion.

Need to check my membership status, but for a while, RR membership and a couple away games per year was my total contribution to the Panthers.

Loved hooking up with them in London, Tampa, and I think New Orleans...although it could have been somewhere else.

On 4/22/2023 at 11:23 AM, toldozer said:

If you have 50/50 with your Brokerage you're getting railed and need to find a new one. Also shouldn't pay a desk fee in 2023. I've met my boss in person once. 

I don't work in that side of the industry....never have, hope I never do.

As to your work environment, good for you.  However, if you are a new agent, who wants help with lead generation, marketing, mailers, etc...then a big brokerage house is what you may want to chase after....or not, there are options.

On 4/17/2023 at 11:10 AM, Khyber53 said:

A good agent is also your representative and takes a protective role for their client in negotiations and legal matters. This is a huge financial event for most homeowners (whether they are buyers and sellers). There are so many legal ramifications in the event that far exceed just a transactional sale of an item that you need someone who is  knowledgeable about all of the proceedings and requirements just to make sure you don't make some kind of dire mistake or that you don't get screwed along the way. 

Everyone complains about commission rates being paid, but that big chunk of money is split generally four ways between the listing and buying agents and the listing and buying brokers. All of these individuals or companies are providing a vital service from contracts, negotiations, listings, tax issues, filings and even escrow of the  downpayments and purchase monies prior to the transaction being completed. 

It is money that is necessary to be spent and in the cases of good Realtors it is money well spent.

Ha, truth.

Came to post a little breakdown since these numbers seem so high to most not in the business, or that have done few transactions.

thefuzz lists your house.  400k.  6% commission.  Lets say it sells for 400k for easy math.

24k in total commissions paid.  12k to buyers agents brokerage, 12k to sellers agents brokerage.

thefuzz has a 50/50 split with the brokerage.  6k of my 12k goes to the house, 6k to my wallet.

It's time to cover the listing expenses now.  Photos, any maintenance items you did to keep a sale rolling, marketing, fuel, etc....let's say that number is $800.

Now, we are all independent contractors, meaning we pay all of our taxes, including both sides of Social Security....let's say about 30-40% depending on how successful you are.  Let's say 30% to keep it rolling.

Now that 6k has turned into $3,600 or so after taxes.  BUT, you need health insurance, short and long term disability...as you are a contractor remember, and pay yourself for your time....which doesn't really happen.

On top of that, you have MLS dues, Realtor Dues, Desk Fee's, have to have a good computer, your phone is never ever off, you need a nice car...you are driving a LOT, and nicer than usual clothing...again, you have to dress to impress for the most part.

So, after all that, you probably have about $2,500-3k in your pocket after a 100 or so e-mails, 100+ phone calls, putting owners in touch with your little black book full of tradesmen to help them get the house ready, and about 20 visits to said house....many on the weekends.

Yea, it ain't as glamorous as many think it is.

Now, to the reason may hire, and some don't hire agents.

1:  You likely DO NOT want to get into a face to face meeting, or a phone call with the buyers...you very well could be breaking some rules...and many folks have zero clue how to remain calm when talking about 10's of thousands of dollars, much less hundreds of thousands.  You will be too emotional and the buyer will take advantage.  A seasoned seller MAY be OK, most of the time not.

2:  Your time is valuable.  Sitting at the dinner table with wifey and Jr.....text message, another, another...."the inspection came back, we need to talk about the HVAC" or "we found an old oil tank in the back yard that you didn't tell us about, we need to talk"  or "your house had a leak that was improperly fixed, we need to talk."  Now, you are upset about being disturbed, upset that you have no answers, and have no clue how to "fix" this issue without losing a buyer, or costing yourself too much money.

3:  You will likely not list it at the correct price.  This market is weird, but it will change, and it will get normal again, it always does.  Too high?  No offers, and you are fielding 50 calls per day telling you to list it with them, too low, and you cost yourself a LOT of money.

Not everyone needs a broker, not everyone needs an attorney, not everyone needs an accountant....but...when you do need one, you really need one.

*I'm a broker, but don't do normal home sales.  Not worth my time.

OK.  I'll take a stab.

First, the question you can't get a good answer to.  It doesn't.  Meaning, it's not 3% at 350k and 3% at 750k...sometimes it is, sometimes not.  The higher the assumed listing, the lower the listing %, in many cases.

That said, the individual broker cannot make that adjustment, they do have to run it by their Broker in Charge, they don't always agree to lower commissions...it's their call.

Again, if a customer is expecting a lot of work...there is zero % chance I'm lowering my fee, and I wouldn't either way until we are talking over 1M or so...unless it's a friend or family member.

4 minutes ago, Sgt Schultz said:

That's where I am.  There are concerns about both of them, even though the people hard-over on either one of them want to deny their preference has any concerns, and anybody who says otherwise is a neanderthal. 

I hate checking in on this forum right now because it seems like most of the threads are the same dung just repackaged.

If The Process and company were still here making this pick, I would have a lot less faith (like zero) in who we were going to settle on.  Luckily, those days are over and there is cause for optimism, either way.  Not only in who they pick but how they use them.

Ha, ain't that the truth.  I'd completely lost all interest in the team until the new staff started to be assembled, then Fitt was able to work his magic and put said staff in the position to get the QB they covet.

Damnit.

It's freaking Godfather 3 over here.  Just when I thought I was out, they pull me back in.

Damnit.

I usually read threads....not this one.

Either way, I prefer Stroud, but if Frank and Co. like Young, so be it.  I trust them a lot more than my eyes.

20 minutes ago, OceanPanther said:

 

"Hate to eat breakfast on an empty stomach."  Is one of my go to's.

13 hours ago, Jon Snow said:

I tend to take Jimmy Buffets approach and say it's 5 o'clock somewhere. 

We have a better way of putting it here at the beach.

"Dude, you are drinking Miller Lites on a Tuesday morning?  WTF? 

"We're at the beach."

That said, I sure am glad Tepp is getting out of the way.