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Mr. Realtor Tip of the Day

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Joined: 07 Jan 2007
Posts: 2

PostPosted: Thu Jan 18, 2007 5:13 pm    Post subject: Mr. Realtor Tip of the Day Reply with quote

Hey people,

You do not have to pay 6%! EVER!!!!

It's a scam!

The first thing they teach you in Real Estate School is that Commisions are NEGOTIABLE!

When they tell you they want 6% ask them why? What makes them worth 6% of your sales price?

Now if you are selling an $80,000.00 mobile home, 6% is reasonable because there is no money in an $80,000.00 transaction.

But 6% on a $400,000.00 property....it's the same amount of work for either, generally speaking. Actually the mobile home is more work, having to deal with an affidavit of affixture and septic issues.

Don't hate us! Just do YOUR homework & hire the right one!
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Joined: 18 Jan 2007
Posts: 2

PostPosted: Fri Jan 19, 2007 4:38 pm    Post subject: Reply with quote

In my last real estate deal where I was the buyer, I had to explain to the agent what it mean to NEGOTIATE. I wanted to put 20% down but she told me to lie on my offer and say that I only wanted to put 5% down so that the seller would think that I was too poor and not be so hard on the selling price. She said that we would change the 5% to a 20% right before escrow closed when it was too late for the seller to do anything about it. I told her that I thought it was dishonest and was not comfortable in doing it. She then asked me how I expected her to get a decent price on the property if she didn't do this. I told her that I expected her to use HER NEGOTIATION SKILLS since that was why I hired her. She responded that this was her method of negotiation. WTF ????

This agent has 10 years of experience and works for a nationally known real estate agency in Portland.

I guess what she was saying is that it is standard practice for real estate agents to lie.
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