I have had someone suggest to me that they feel that ALONG WITH it just being a "soft" market that maybe the R.E. agents are not making it any better by doubling your trouble and underpricing your home by 10K to 20K so that they may get your home to sell quicker and therefore they get their cut quicker.
If they sell only a few homes at the price that the owner actually wants to list at...it may take a little longer and therefore more of their time and effort is spent to actually earn that big share of the proceeds... then they might get money but not as much as if they undervalued your home in a CMA by 10K or more so that Yes it will sell a a bit quicker, but that's because you are practically giving it away at the price they suggest you sell at. For them it means they can sell 20+ homes a month and get more money than if they did it the way (previously mentioned) and get some money.
Their thinking "Sell one peach for $20 or 20 for $8 a piece". $160.
Any thoughts on this?
2007-08-12 15:08:15 · 5 answers · asked by mommagoose 2 in Business & Finance ➔ Renting & Real Estate
In pres Bush's speech he indicated that he and the federal governement blame the Realtors and the Mortgage Companies.....he has vowed to go after them and make them pay for what has happened.
i don't know how he intends on doing this...but there is a large rise of mortgage companies all of a sudden closing their doors and/or filing for bankruptcy.
thanks and good luck :)
2007-08-12 15:20:06 · answer #1 · answered by Blue October 6 · 0⤊ 3⤋
President Bush needs to put the blame where it really belongs. This whole thing was created by the investors that created the programs to get people qualified for homes when they couldn't afford them. Mortgage companies and Realtors did not create these programs and they are not to blame.
Now these investors don't want to purchase the new loans because so many people got homes that they really never should have been able to get. They are taking away all of the programs now becuase the programs the gave to all of the lending companies are causing all the foreclosures.
Point the finger where the problem really belongs. Don't blame the people who followed the guidlines of these programs that said if this person has this and that then they can purchase a home.
Mark Marchand
Your Mortgage Consultant For Life.
2007-08-12 17:42:33 · answer #2 · answered by Mark M 2 · 1⤊ 0⤋
Sure in this type of market, the RE Agent doesn't know what the buyer is likely to offer. But we all know it is a buyers market in most places. We have no control over what the buyers offers. So no the RE Agents are not to blame. Who is to blame are homeowners just you and me, who demanded and got triple digit increases in equity for the last 10 years. Buyers have wised up and they aren't paying it anymore. This whole mess starts with the homeowner and works it's way all the way through the industry. So if you want to point fingers and you own a home - take a good look in the mirror. The next big problem is about to start, so watch carefully. Tax assessed values higher than current market values. Causing a broad re-assessment of homes across the nation. A huge tax implication for everyone!
Might help if you had all the facts first.
2007-08-12 15:34:08 · answer #3 · answered by Alterfemego 7 · 1⤊ 0⤋
the realtor is not at fault. Realtors dont make the loan progams, and they dont decide who qualifies or who doesnt. They can only put the house on the market, the buyer makes an offer and its up the buyers lender whether or not they believe the house is worth the actually price, they will decide if they give the loan or not. Pls. do some research before you start pointing fingers.
2007-08-15 10:23:40 · answer #4 · answered by Anonymous · 0⤊ 0⤋
If that's what you think about realtors, I suggest trying to sell without one. www.fsbo.com is one resource.
2007-08-12 15:50:38 · answer #5 · answered by open4one 7 · 1⤊ 0⤋