tag:blogger.com,1999:blog-4797432599663441966.post4175342398128248442..comments2008-01-11T19:53:21.288-05:00FRANK LL0SA Va Broker- BLOG.FranklyRealty.comhttp://www.blogger.com/profile/12647085935682292923noreply@blogger.comBlogger35125tag:blogger.com,1999:blog-4797432599663441966.post-34607055001388239442007-10-27T15:02:00.000-04:002007-10-27T15:02:00.000-04:00

When I see a FSBO I think, "Yeah, progress". Look, if your claim that sellers who use full comissioned real estate agains (vs FSBO) net greater (and that is after an additional 3% cost) then as a buyer if I see a FSBO I should expect better value for the same house. This is just the other side of the same coin. I'm not claiming FSBO is for everybody but things are definately different now. Too

Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4797432599663441966.post-62298855853549909122007-06-12T10:50:00.000-04:002007-06-12T10:50:00.000-04:00

In summary, your argument is: "Realtors: Everybody is using them so you should too."Right now that statement is true, but its derivative with respect to time is a negative value.

Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4797432599663441966.post-90448888467950514092007-05-23T10:49:00.000-04:002007-05-23T10:49:00.000-04:00

By way of intro, I'm the doctor friend who almost made a large mistake listing Flat Fee [referenced in the blog]. I'm acquainted with all the arguments Frank outlined, and then some! By way of comment I'll draw an analogy to my field: patients who use the internet prior to (or worse - instead of) seeing a physician. I personally think it's great for my patients to be as educated as possible

Jasonnoreply@blogger.comtag:blogger.com,1999:blog-4797432599663441966.post-85472291823920649832007-05-17T15:03:00.000-04:002007-05-17T15:03:00.000-04:00

Thanks!This blog persuaded me to list with a full service Realtor. I listed with with prudential (many states away from you).We just need to get traffic and it will sell. I have reduced the price even further so it should be a matter of time.Fred

Frednoreply@blogger.comtag:blogger.com,1999:blog-4797432599663441966.post-79455050858519649552007-05-07T14:23:00.000-04:002007-05-07T14:23:00.000-04:00

http://www.bloodhoundrealty.com/BloodhoundBlog/?p=1283

ventureblogalistwww.ventureblogalist.comnoreply@blogger.comtag:blogger.com,1999:blog-4797432599663441966.post-17385545988450913062007-05-04T15:50:00.000-04:002007-05-04T15:50:00.000-04:00

LOL....Certainly. You may post my comments.You definitely need to put this in book form. Chances are, there are thousands of people that arewaiting to read it. I can guarantee that your book would be a success because it's like you were in my mind...and that is very, very, very scary!Like this one (I'm paraphrasing): You said that there's really no reason for a Realtor to work really hard for

John W. Stafford sellernoreply@blogger.comtag:blogger.com,1999:blog-4797432599663441966.post-22525926022311741102007-05-04T15:48:00.000-04:002007-05-04T15:48:00.000-04:00

Ha! Too funny. Glad you liked it. I know your perspective because I LIVED IT FOR 10 YEARS. That is all my mother did (FSBO). But I got into real estate because I figured others were having the same problem with shady Realtors as my mother did (see blog on what my mom taught me).But now that I am on the inside, I see the shadiness, but I also see a better way to describe the value that a Great

FRANK LL0SA Brokerhttp://www.blogger.com/profile/12647085935682292923noreply@blogger.comtag:blogger.com,1999:blog-4797432599663441966.post-72717497027531096032007-05-04T15:44:00.000-04:002007-05-04T15:44:00.000-04:00

You're killing me. Your blog is great. If I didn't know better, I'd think you were talking specifically to me. I went to this discussion and it's scary how you walked right down my train of thought.Okay, okay...You figured me out. I overpriced it. I tried to cut out realtors. I used Craigslist and militarybyowner.com. I offered to pay the buyers agents fees to meet the fsbo halfway. I

John W. Stafford sellernoreply@blogger.comtag:blogger.com,1999:blog-4797432599663441966.post-53213071608752520962007-05-03T08:58:00.000-04:002007-05-03T08:58:00.000-04:00

Divorcing of commissions? What the heck is that? I had to Google it and the results were zero.

FRANK LL0SA Brokerhttp://www.blogger.com/profile/12647085935682292923noreply@blogger.comtag:blogger.com,1999:blog-4797432599663441966.post-1760399101600558382007-05-03T00:44:00.000-04:002007-05-03T00:44:00.000-04:00

Frank, great post. How do you think the divorcing of commissions would change your arguments in this post?

ventureblogalistwww.ventureblogalist.comnoreply@blogger.comtag:blogger.com,1999:blog-4797432599663441966.post-70486035061670475722007-04-29T12:37:00.002-04:002007-04-29T12:37:00.002-04:00

Ok Deanne, but you will be paying for lunch!

FRANK LL0SA Brokerhttp://www.blogger.com/profile/12647085935682292923noreply@blogger.comtag:blogger.com,1999:blog-4797432599663441966.post-23883153997925345332007-04-29T12:37:00.001-04:002007-04-29T12:37:00.001-04:00

Frank - thank you so very much for allowing me to debate with you on your blog. I am passionate about good debate and you debate very well.I am going to get my real estate licence, but ONLY to allow me a leg up in dealing with REO realtors. Being a Realtor is not my passion, rehabbing and staging homes is my passion and my expertise. On my listing, I did not use a Kodak v570. I used a 6

Deanne Knutterhttp://activerain.com/turningleafnoreply@blogger.comtag:blogger.com,1999:blog-4797432599663441966.post-30360417961829153132007-04-29T12:37:00.000-04:002007-04-29T12:37:00.000-04:00

Hugely entertaining and informative! I love the way your mind works.

Dane Caldwell - 2 Hounds Designhttp://activerain.com/danecknoreply@blogger.comtag:blogger.com,1999:blog-4797432599663441966.post-73640039886368166512007-04-29T12:36:00.001-04:002007-04-29T12:36:00.001-04:00

Frank I work with a lot of FSBO's - I always encourage them to work with an agent. I bookmarked this so I can refer back to it. Thanks for taking the time to write this epic blog. ;)

Maureen Henryhttp://activerain.com/rhsmoenoreply@blogger.comtag:blogger.com,1999:blog-4797432599663441966.post-87035718034529062802007-04-29T12:36:00.000-04:002007-04-29T12:36:00.000-04:00

Deanne,I was thinking more about more about your question and my answer. I take it back. I could delete it my comment, but I'd rather keep it posted and officially take it back.First of all your "special" margin excuse... throw that out the window or substitute it with the everyday, EVERYONE needs more money, such as "I have $200,000 in student loans, I need the money" or "This my last asset and

FRANK LL0SA Brokerhttp://www.blogger.com/profile/12647085935682292923noreply@blogger.comtag:blogger.com,1999:blog-4797432599663441966.post-2707832292083782472007-04-29T12:35:00.000-04:002007-04-29T12:35:00.000-04:00

Deanne, as a rehabber you know that you MUST build in a 6% commission into your models when buying rehabs. You're handcuffing yourself by not doing so. You should seriously consider getting a RE license so you can get on the MLS and cut that 6% down to 3%. It will be worth it to you.Case in point: you talk about the $150k you'll need to spend. Imagine if you 1) had your license, 2) took on a

Tchaka Owen - Lendernoreply@blogger.comtag:blogger.com,1999:blog-4797432599663441966.post-86405963702263433122007-04-29T12:34:00.001-04:002007-04-29T12:34:00.001-04:00

Hey Deanne,First of all, go get your Real Estate license (I don't recommend that for 1 offs since newbies stink too). Secondly, when you say you staged, I will assume you took the fsbo route and did it yourself. I would hire a stager with a great portfolio to do it.Show me a listing. Send me the MLS#, I want to see it on Realtor.com and see how it looks. Do you have 20 great photos? All the

FRANK LL0SA Brokerhttp://www.blogger.com/profile/12647085935682292923noreply@blogger.comtag:blogger.com,1999:blog-4797432599663441966.post-39819766463898639932007-04-29T12:34:00.000-04:002007-04-29T12:34:00.000-04:00

Any suggestions for the rehabber? Multiply that 15K by the 10-12 houses a year that I flip. Over 150K. HUGE chunk out of my profits. On my last flip I went the Flat Fee route for 4 months. I did the marketing myself, all the same things a realtor does (MLS posted, flyers, realtor lunches, staging, open houses, etc). I got two showings in four months. Listed last week with a Realtor - and

Deanne Knutterhttp://activerain.com/turningleafnoreply@blogger.comtag:blogger.com,1999:blog-4797432599663441966.post-11832219351570387602007-04-29T12:33:00.001-04:002007-04-29T12:33:00.001-04:00

Truth in everything you mention.... See the big picture. It's the net that's most important.

Loreena Yeo, ASP dba 3:16 team REALTYhttp://activerain.com/316teamrealtynoreply@blogger.comtag:blogger.com,1999:blog-4797432599663441966.post-29557955464325101512007-04-29T12:33:00.000-04:002007-04-29T12:33:00.000-04:00

Hey Earl,Watch out for saying that a discounter doesn't offer as MANY services. I personally don't believe in the battle of the long checklist of services.And many discounters have gotten good at making their list just as long as the next "full" guy. Instead focus on the "how good will he be at negotiating your commission, if he can't even negotiate his own."Send them to this blog! Don't worry, I

FRANK LL0SA Brokerhttp://www.blogger.com/profile/12647085935682292923noreply@blogger.comtag:blogger.com,1999:blog-4797432599663441966.post-76060925608699296612007-04-29T12:32:00.002-04:002007-04-29T12:32:00.002-04:00

I'm glad I kept reading. I was getting upset thinking a Realtor was talking like that, but then realized where you were going. I really appreciated the blog and it will help me greatly. I have a seller who that he could sell his house for 5k total. I had to explain how the discount brokers work, and that he would still have to pay the selling side, and that you pay for different services on a

Earl Sorrellshttp://activerain.com/efsorrellsnoreply@blogger.comtag:blogger.com,1999:blog-4797432599663441966.post-29328698189458887642007-04-29T12:32:00.001-04:002007-04-29T12:32:00.001-04:00

Agreed, they don't get it, but that is our fault (Realtors). We make half ass attempts to explain the process. Hence the war in peace novel above. And I left off the GREAT analogy to selling your Rolex at a pawn shop and how Used Car dealers always get more for cars than people selling by owner.

FRANK LL0SA Brokerhttp://www.blogger.com/profile/12647085935682292923noreply@blogger.comtag:blogger.com,1999:blog-4797432599663441966.post-14003901251791808932007-04-29T12:32:00.000-04:002007-04-29T12:32:00.000-04:00

So I am a skimmer, but I read every word of your blog, every work. You make a lot good points. However most FSBO's just do not get it.

Beth Bastian Simi Valley Real Estatehttp://activerain.com/bbastiannoreply@blogger.comtag:blogger.com,1999:blog-4797432599663441966.post-76652690045131772502007-04-29T12:31:00.001-04:002007-04-29T12:31:00.001-04:00

I wish I had half your energy Frank. You are a very interesting person. Love how your brain works.

Sheron Cardin - how2homestage.comhttp://how2homestage.comnoreply@blogger.comtag:blogger.com,1999:blog-4797432599663441966.post-61542678752225557402007-04-29T12:31:00.000-04:002007-04-29T12:31:00.000-04:00

"You can lead a FSBO to water, but you can't make 'em think."Too many people want the riches and solutions without the work - like diet pills that "melt" the fat away in your sleep. FSBOS are work for the seller - they have to decide if that's what they really want.

Art Blanchet - Wisconsin Lender & Radio Guyhttp://activerain.com/ranchexitnoreply@blogger.com