tag:blogger.com,1999:blog-4797432599663441966.post3196778519285732454..comments2007-10-26T14:02:40.561-04:00FRANK LL0SA Va Broker- BLOG.FranklyRealty.comhttp://www.blogger.com/profile/12647085935682292923noreply@blogger.comBlogger15125tag:blogger.com,1999:blog-4797432599663441966.post-40716778249055441332007-04-24T12:39:00.000-04:002007-04-24T12:39:00.000-04:00

Million strikes again!You should check out my blog on ActiveRain, I post more frequently there and before I post the polished version here.Oh and you'll love my post on buyer agents being offered 1 penny commissions. How will the buyer agent handle THAT when they promise "we are free and the buyer pays our commission"

FRANK LL0SA Brokerhttp://www.blogger.com/profile/12647085935682292923noreply@blogger.comtag:blogger.com,1999:blog-4797432599663441966.post-31334191062994332442007-04-24T09:12:00.000-04:002007-04-24T09:12:00.000-04:00

just got the below in an email today... "...all of our work finding you the right home and mortgage ~ as well as all of our other services ~ are paid for by the home seller; they won't cost you anything!"do all Realtors lob this one at homebuyers as a litmus test to see if we're complete idiots?

millionnoreply@blogger.comtag:blogger.com,1999:blog-4797432599663441966.post-34198470775916306552007-04-13T10:13:00.000-04:002007-04-13T10:13:00.000-04:00

Hey Dan,Good to hear that you are using my CRA system. As for the "how I arrive at an offering price". Ouch, that is so old school. Try the Vegas Odds system where the CLIENT picks the price based on the odds that you give certain prices going through.Frank

FRANK LL0SA Brokerhttp://www.blogger.com/profile/12647085935682292923noreply@blogger.comtag:blogger.com,1999:blog-4797432599663441966.post-63173376283602574062007-04-13T10:11:00.000-04:002007-04-13T10:11:00.000-04:00

Yet another good article! I was out with a client last night and we had this very discussion -- value vs. savings. The guy's a first time homebuyer and he had some good questions about the buying process. He asked me how I placed value on a property and a long chat about it ensued. I promised to give him access to all of the information I had in terms of comps and other methodologies (I do the

Dan- Realtornoreply@blogger.comtag:blogger.com,1999:blog-4797432599663441966.post-31891121157937430532007-04-13T10:06:00.000-04:002007-04-13T10:06:00.000-04:00

Thanks D'Ann for the typo fix.Damn magazines trying to single handedly new rules. Did you know in Miami sometimes it is the NORM to start 10-20-30% under? And I heard in Calif the system is totally different.Yeah, I also get asked if there is a rule of thumb as to what percentage under list to start. It doesn't work that way. But my other blog did run an analysis that on AVERAGE homes in

FRANK LL0SA Brokerhttp://www.blogger.com/profile/12647085935682292923noreply@blogger.comtag:blogger.com,1999:blog-4797432599663441966.post-81732141468208775332007-04-13T10:02:00.000-04:002007-04-13T10:02:00.000-04:00

Great blog! This is something I am always trying to explain to my buyers...especially difficult when money magazine is recommending they start at 10-15% below asking...not taking into account where the property is priced and the property itself! You did have a typo though - "More recently I had a client (that found me 100% through this blog) that I helped put a house under contract fopr a good

D'Ann Faughthttp://www.dannsellshomes.comnoreply@blogger.comtag:blogger.com,1999:blog-4797432599663441966.post-24216629363351981472007-04-13T08:55:00.000-04:002007-04-13T08:55:00.000-04:00

Excellent post as usual, Frank. The indecent proposal exemplifies how well you think outside of the box to get to serve your buyers and sellers superbly. And thanks for the lesson on the indecent proposal. That's guerrilla negotiating.... :)

Jay -- Arlington Virginia Condoshttp://www.blogger.com/profile/10441210505047016431noreply@blogger.comtag:blogger.com,1999:blog-4797432599663441966.post-24059548414160583222007-04-13T01:52:00.001-04:002007-04-13T01:52:00.001-04:00

What are you talking about, Frank? I'm in FL where list price rules. So what if the $600k list house is only worth $450k? I'll get you a great deal for $100k below list. I'm a rockstar!!Hahaha, I do like the Saks reference - how apropo!- Tchaka

Tchaka Owenhttp://activerain.com/1fasthoonoreply@blogger.comtag:blogger.com,1999:blog-4797432599663441966.post-22232584186428528482007-04-13T01:52:00.000-04:002007-04-13T01:52:00.000-04:00

Frank: I think I am very in love with you sometimes :)

Renée Burrows ~ Realtor® ~ Las Vegas Valley!http://activerain.com/lasvegasrealestateforyounoreply@blogger.comtag:blogger.com,1999:blog-4797432599663441966.post-32911400864575123202007-04-12T16:07:00.001-04:002007-04-12T16:07:00.001-04:00

Whatever happened to being satisfied with your house anyways?If you bought with what was the "Best Deal" at the time, then you did all you could do. Maybe prices will go down. Maybe they will go up. No one can control that. Your Realtor doesn't have that magical crystal ball. Nor does your lender.It seems that everyone wants the iron-clad guarantee that the investment they are making is sure to

Johnnie Taylorhttp://activerain.com/somamdnoreply@blogger.comtag:blogger.com,1999:blog-4797432599663441966.post-74045396869503982902007-04-12T16:07:00.000-04:002007-04-12T16:07:00.000-04:00

Hey Laurie,You mentioned "what I got out of this is that we are in a crap-shoot right now." While I agree that now we are in turbulent times, this information applied to ALL times. When we are at the top, or at what we think is the bottom.Either way, you only know for sure after you sell it. Things can ALWAYS go down and if the client isn't prepared for this, they should NOT BUY. Yes do NOT buy a

FRANK LL0SA Brokerhttp://www.blogger.com/profile/12647085935682292923noreply@blogger.comtag:blogger.com,1999:blog-4797432599663441966.post-3700977867277959962007-04-12T16:06:00.001-04:002007-04-12T16:06:00.001-04:00

The word DEAL in the sales profession is just so disgusting anyway. The only time the word should be used is at a poker table where the context it is perfectly fine.

Richard Parrhttp://activerain.com/richparrnoreply@blogger.comtag:blogger.com,1999:blog-4797432599663441966.post-28485862229167168862007-04-12T16:06:00.000-04:002007-04-12T16:06:00.000-04:00

Hi Frank-You've done a great job here, very well-written and nicely articulated : ) Value is an interesting concept. I did not find one typo, either. Well Done !

Kelli Fronabarger- Realtor® Bend, Oregonhttp://activerain.com/kelli123noreply@blogger.comtag:blogger.com,1999:blog-4797432599663441966.post-17868964118119747892007-04-12T16:05:00.001-04:002007-04-12T16:05:00.001-04:00

I think that what I got out of this is that we are in a crap-shoot right now. There are no answers that we can provide with respect to predictability, other than the timeless PLAN ON LIVING THERE FOR 7 YEARS. Offer the facts as they are today (it will be different as soon as tomorrow), and let them jump or not. Find them the lowest so that their initial LOSS is lower, making their future GAIN

laurie mindnichhttp://activerain.com/laurieatoptionsrealtynoreply@blogger.comtag:blogger.com,1999:blog-4797432599663441966.post-90315388856750949912007-04-12T16:04:00.000-04:002007-04-12T16:04:00.000-04:00

Very well put - the value is in the buyer's idea of value for him - I appreciate your ethics as I am sure your clients do also... I hit the subscribe button - look forward to reading more from you!

Thesa Chambers, REALTOR®, Sunriver, ORhttp://activerain.com/thesanoreply@blogger.com