Is $9,000 a fair price for filling out paperwork?

NEW -> Contingent Buyer Assistance Program
awgee



Didn't you and I have this discussion at length about 12-15 months ago? ;-P Hell, you convinced me to get out of the business and retire!



Have you watched the results of the BJ Auction? What are your thoughts on the effects of the economy on this years auction prices?



I did not attend.



Enjoy
 
We now have the wonder of DVR, (digital video recorder). It is great. I can record Friday night and Saturday day and fast, fast forward through the commercials and the Mustangs, :-P



Why didn't you go to the auction?

Besides being fascinated with many of the cars, I have been watching the prices for a few years now to see if there is any change. It turns out I do not know the individual prices well enough to determine if there is a change and I do not know the total sales figures from the previous years.

Do you have an opinion?

I love the Cameros, especially the Copos and the Yenkos. Did I ever tell you I built the snot out of a '67 when I was a kid?

What have you seen that you like so far?

Have you read about the latest ZR-1?

I have not seen any Jollys this year. Were there any? It seems the one that sold at Pebble Beach really spiked the kool-aid on Jollys.

I also like the Bianchina convertibles.



We just previewed what turned out to be my all time favorite house. Check it out.



<a href="http://www.redfin.com/CA/Coto-De-Caza/7-Sawgrass-92679/home/12488692">7 Sawgrass</a>

Funny about you retiring, :roll: , I kinda think it would be fun to sell re when I retire from my regular job someday. I love SoCal re and wonder if I could help some folks.
 
[quote author="awgee" date=1232351903]One more thing.

It seems to me all you should care about is paying as little as possible.

Why should you care who makes what?

If you pay $500,000 and the agent gets 6%, isn't that better than you paying $600,000 and the agent gets 3%?

Keep your eye on what you can control.</blockquote>


<blockquote>Of course the buyer needs to take into consideration that there is one less commission to pay in the deal and the buyer lessens their offer by the 2 1/2% or 3%. That is the advantage to not having a buyer?s agent.

Don?t try to be too smart or control more than is in your control. Make your offer with the knowledge that the listing agent will lower their commission in order to close the deal or the seller is going to quickly take the home off the market and list with a more intelligent agent as soon as is legally possible. But, don?t try to involve yourself in the seller?s affairs or contracts.</blockquote>


Well it was nice of you to answer your own question before you even asked it. The above is one example of why viewing the "price" as a black box is not going to be the most effective way of approaching things. The RE brokers commission is a variable, there are no laws of physics involved here, it can be another negotiating point. The seller and broker reached an agreement, signed a contract, but there is nothing that precludes them from modifying that agreement if they believe that it is to their mutual benefit.



The OP is trying to get a lower purchase price by renegotiating the existing contract, in a situation that seems to come up frequently. If he/she simply ignored the individual components of the price, or if he/she didn't pay attention to things that might be considered as "out of your control", then I think that they would be missing an opportunity to pay the best, lowest price. And of course, everyone KNOWS that the commission ALWAYS comes up when the negotiating gets tough, when things are close, but at an impasse. The commission is no sacred cow. LOL



I'd still recommend that people always try to pay the commission directly at closing. If you can afford to do it, it beats the hell out of paying interest on that commission for the next 30-years, and you will start with a lower tax basis.
 
Back
Top