Replies (16)
- Carrie.
- Contributions:1996
Gimme a break....unbelieveable.
- sellersbeware
- Contributions:9
Don't let realtors force you to take the first LOW offer! Read the book Freakonomics and it tells you exactly what realtors do. The author explains how they try to talk you into taking the first offer (which is usually the lowest), the seller is the one that gets the least benefit out of the deal, the realtor's commission is not significantly lowered. You may get $10,000 less but their commission is only lowered by a few hundred dollars!! Their goal is to sell fast! The faster they sell the more money they make from selling more homes. The author also explains that realtors who sell their own homes keep their homes on the market more days than homes they do not own. These realtors are going to bring down the market with their greed!!
- sellersbeware
- Contributions:9
Five Terms Correlated to a Higher Sales Price
* Granite
* State-of-the-Art
* Corian
* Maple
* Gourmet
Five Terms Correlated to a Lower Sales Price
* Fantastic
* Spacious
* !
* Charming
* Great Neighborhood
"Fantastic," meanwhile, is a dangerously ambiguous adjective, as is "charming." Both these words seem to be real-estate agent code for a house that doesn't have many specific attributes worth describing. "Spacious" homes, meanwhile, are often decrepit or impractical. "Great neighborhood" signals a buyer that, well, this house isn't very nice but others nearby may be. And an exclamation point in a real estate ad is bad news for sure, a bid to paper over real shortcomings with false enthusiasm.
If you study the words in the ad for a real-estate agent's own home, meanwhile, you see that she indeed emphasizes descriptive terms (especially "new," "granite," "maple," and "move-in condition") and avoids empty adjectives (including "wonderful," "immaculate," and the telltale "!").
- sunnyview
- Contributions:26843
Please don't blame the realtors. They never would have been able to sell those houses for those high prices if the banks were unwilling to write those huge mortgages for folks with questionable credit.
- plohmier
- Contributions:87
this is your second posting about this "they're out to get me" subject...please take your medication!
- mina36
- Contributions:3478
- mina36
- Contributions:3478
oops. Turns out, I can post them on this thread too!!!
Who knew ?
- mina36
- Contributions:3478
But he's right.. even da kittehs are out to get him!!
They're out to get yoU!
- maryanne72856
- Contributions:61
go to mininova.org you can get the book for free
That's because he used the book to learn marketing!
- plohmier
- Contributions:87
There are morons in every profession (real estate no exception) and believe me I work with a few. I did my homework when I chose my agent and I was pleased with her work, she sold my home!
- twaski
- Contributions:14
These poor agents (my mother being one of them) are selling their souls! Many are cutting their commissions and dealing with the most ruthless buyers yet. Crazy offers, unreasonable requests, thousands of contracts and then backing out at the last minute. I hope anyone selling has done their own research on their property values. I think most agents are eager to make any reasonable sale. The buyers are pushing the envelope on rediculous requests I think.
Thank you for the valuable information from "Freakonomics".
Before you sell your home read Freakonomics, I wish I would have!!!!
http://freakonomicsbook.com/thebook/ch2.html
Five Terms Correlated to a Higher Sales Price
* Granite
* State-of-the-Art
* Corian
* Maple
* Gourmet
Five Terms Correlated to a Lower Sales Price
* Fantastic
* Spacious
* !
* Charming
* Great Neighborhood
"Fantastic," meanwhile, is a dangerously ambiguous adjective, as is "charming." Both these words seem to be real-estate agent code for a house that doesn't have many specific attributes worth describing. "Spacious" homes, meanwhile, are often decrepit or impractical. "Great neighborhood" signals a buyer that, well, this house isn't very nice but others nearby may be. And an exclamation point in a real estate ad is bad news for sure, a bid to paper over real shortcomings with false enthusiasm.
If you study the words in the ad for a real-estate agent's own home, meanwhile, you see that she indeed emphasizes descriptive terms (especially "new," "granite," "maple," and "move-in condition") and avoids empty adjectives (including "wonderful," "immaculate," and the telltale "!"). Then she patiently waits for the best buyer to come along. She might tell this buyer about a house nearby that just sold for $25,000 above the asking price, or another house that is currently the subject of a bidding war. She is careful to exercise every advantage of the information asymmetry she enjoys.
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