tag:blogger.com,1999:blog-4797432599663441966.post684910635934920805..comments2007-11-24T19:01:07.915-05:00FRANK LL0SA Va Broker- BLOG.FranklyRealty.comhttp://www.blogger.com/profile/12647085935682292923noreply@blogger.comBlogger24125tag:blogger.com,1999:blog-4797432599663441966.post-87383642092377504612007-11-24T19:01:00.000-05:002007-11-24T19:01:00.000-05:00

Dear Anonymous,Can you email me directly? I'd love to keep tabs on the progress of your sale, especially what you close for.Frank

FRANK LL0SA Va Broker- BLOG.FranklyRealty.comhttp://www.blogger.com/profile/12647085935682292923noreply@blogger.comtag:blogger.com,1999:blog-4797432599663441966.post-57294710265324897882007-09-26T17:01:00.000-04:002007-09-26T17:01:00.000-04:00

I just had a scary experience with Redfin-their agent wanted to list our townhouse for more than $100K less than we'd been quoted by a couple realtors who really know our subdivision. The Redfin agent showed us comps that were much smaller and didn't have nearly the amenities as ours. We explained our rational for our pricing (we've done a lot of research ourselves and knew we were on firm

Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4797432599663441966.post-70752495187737223442007-06-12T13:59:00.000-04:002007-06-12T13:59:00.000-04:00

You have missed the point. Selecting reading will do that. It doesn't matter what marketplace it is, a good agent, with an ego or not, can save you more.In a "bad" market, an aggressive agent will take FAR more time and energy and get you a lower net. In my opinion, a rebater will want to just get the deal done fast!

FRANK LL0SA Brokerhttp://www.blogger.com/profile/12647085935682292923noreply@blogger.comtag:blogger.com,1999:blog-4797432599663441966.post-60519350657899350752007-06-12T13:56:00.000-04:002007-06-12T13:56:00.000-04:00

Most people don't live in a bid-war market. Glad you can do that. Quite a few assumptions here and quite an ego - both serve you well.Anonymous. Yes, because I've seen what super-egos do to non-believers.

Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4797432599663441966.post-52002777724232065482007-05-25T15:34:00.000-04:002007-05-25T15:34:00.000-04:00

yes, the 50k under top bid was impressive. and RedFin recruits local agents w/ a minimum number of closings (according to their propoganda) so they have some experience and get paid based on a customer satisfaction survey - don't know what questions they ask. can't make it to the steps of the courthouse today, unfortunately. i'm more interested in the SFHs in foreclosure. they are popping up

millionnoreply@blogger.comtag:blogger.com,1999:blog-4797432599663441966.post-10073132642451412912007-05-25T13:45:00.000-04:002007-05-25T13:45:00.000-04:00

Million,I knew you would harp on the time of the marketplace (bidding days). You must have been speed reading though. The part that was impressive wasn't so much the $101,000 increase (well actually that was impressive EVEN in the biddin war days), but the purchase that was made for $50,000 UNDER the top contract, also during the same bidding days.So regardless of the marketplace, a good agent

frankhttp://www.blogger.com/profile/01496963407115758818noreply@blogger.comtag:blogger.com,1999:blog-4797432599663441966.post-75278946052664306092007-05-25T09:54:00.000-04:002007-05-25T09:54:00.000-04:00

Frank,Your point is relying too heavily on a transaction you closed during the loose-money, irrational exuberance peak... but anecdote becomes data if you have enough anecdotes so I'll give you the benefit of the doubt. There's a foreclosure at 2008 North Cleveland St, Arlington, VA 22201. It's a 2/1.5 988sqft listing for 609k by L&F-Greenbelt. The prev owner bought for 570k and then defaulted

millionnoreply@blogger.comtag:blogger.com,1999:blog-4797432599663441966.post-82940176932425176012007-05-24T01:36:00.002-04:002007-05-24T01:36:00.002-04:00

Hey Diane,All that hard work, and all you can comment on is the photos of the houses?? ;-(

FRANK LL0SA Brokerhttp://www.blogger.com/profile/12647085935682292923noreply@blogger.comtag:blogger.com,1999:blog-4797432599663441966.post-89974798946689609602007-05-24T01:36:00.001-04:002007-05-24T01:36:00.001-04:00

The most amazing thing to me in this post is the pictures of the houses. These homes would sell for around $125,000 and 250,000 in our area. Geez.

Diane Cipahttp://activerain.com/dianecipanoreply@blogger.comtag:blogger.com,1999:blog-4797432599663441966.post-19534005916067595062007-05-24T01:36:00.000-04:002007-05-24T01:36:00.000-04:00

Thanks FrankI think you understand now that we are a full service, similar to the traditional firms, with a technology twist.We are not like nor do we agree with the Redfin model, however they are free to try whatever they want.I just do not want ZipRealty to be associated with their business model. We are much different than Redfin and more in line with the conventional brokerages.Thanks for

Mike Stankewich, MBA, e-PRO - ZipRealty, Inc.noreply@blogger.comtag:blogger.com,1999:blog-4797432599663441966.post-12557693320062934142007-05-24T01:35:00.002-04:002007-05-24T01:35:00.002-04:00

I'd hire you! Actually for a moment I thought you were in Maryland I was going to try to lure you over.Sounds like you have a great deal going on over there, ESPECIALLY if they are the source for most of your leads. One thing is getting a 50/50 split on your deals, but another thing is for them to hand you deals and have the split include the built in referral.

FRANK LL0SA Brokerhttp://www.blogger.com/profile/12647085935682292923noreply@blogger.comtag:blogger.com,1999:blog-4797432599663441966.post-40654678760402798302007-05-24T01:35:00.001-04:002007-05-24T01:35:00.001-04:00

Frank,Thanks for the reply. I still think there is a difference between offering a rebate and being a discounter. I recently went to Bloomingdales Home Store and bought a Cuisinart coffee maker that they had on sale and which had a manufacturers rebate. I don't think most people would consider Bloomingdales as a dicounter nor Cuisinart as a discount product. I could have gone to K-Mart and

Mike Stankewich, MBA, e-PRO - ZipRealty, Inc.noreply@blogger.comtag:blogger.com,1999:blog-4797432599663441966.post-71388001297924595042007-05-24T01:35:00.000-04:002007-05-24T01:35:00.000-04:00

Hey Mike,I didn't say that ZipRealty is a partial service firm, but they DO discount as a standard policy on the buy side, so they are a discount firm in my book. That has a negative connotation to some, but it shouldn't. Nothing wrong with discounting and if I were you all, I would say "we discount and we do MORE than a full service firm."But ZipRealty used to discount more when they first

FRANK LL0SA Brokerhttp://www.blogger.com/profile/12647085935682292923noreply@blogger.comtag:blogger.com,1999:blog-4797432599663441966.post-28950025138295341032007-05-24T01:34:00.001-04:002007-05-24T01:34:00.001-04:00

Frank,You cited ZipRealty as another discount firm in your blog. ZipRealty is a full service brokerage. Our business model is completely unlike Redfin's.On the listing side, we offer full services plus a featured listing on our national website. Services include professionaly printed brochures, professional photographs and virtual tours, open house advertising in the local papers, syndication

Mike Stankewich, MBA, e-PRO - ZipRealty, Inc.http://activerain.com/mstankewichnoreply@blogger.comtag:blogger.com,1999:blog-4797432599663441966.post-39324988647916785622007-05-24T01:34:00.000-04:002007-05-24T01:34:00.000-04:00

Hey Dan, I don't think Redfin is lying at all. They are doing a great job at marketing their company. Why shouldn't they?60 Minutes is the one that made the one sided story.

FRANK LL0SA Brokerhttp://www.blogger.com/profile/12647085935682292923noreply@blogger.comtag:blogger.com,1999:blog-4797432599663441966.post-40823334848402177392007-05-24T01:33:00.001-04:002007-05-24T01:33:00.001-04:00

Frank-Bravo! One of the best responses I have heard to the redfin lies!

Dan Allred Thousand Oaks Real Estatehttp://activerain.com/danallrednoreply@blogger.comtag:blogger.com,1999:blog-4797432599663441966.post-64344370907691260502007-05-24T01:33:00.000-04:002007-05-24T01:33:00.000-04:00

Oh I understand the logic behind it, but I still think it's bad business sense. I am happy getting a point back as are most people. I would be elated to get 1.5% back, again as would most. I am willing to bet there are diminishing returns at 2%. I'm sold at 1-1.5%. Keep in mind that I'm playing the role of someone who doesn't know the benefit of a full-service realtor.- Tchaka

Tchakahttp://activerain.com/1fasthoonoreply@blogger.comtag:blogger.com,1999:blog-4797432599663441966.post-11131501814025818262007-05-24T01:32:00.002-04:002007-05-24T01:32:00.002-04:00

Hey Tchaka,I disagree. There is nothing wrong with them giving 2/3rds back. It is a supply and demand equation. They believe that they will net more in the end with more customers by taking that approach. IE They will make 4 times the volume if they offer 2/3rds back vs 1/3rd back, thus doubling their take home. I just wish there was a way to calculate if their customers are really "saving".

FRANK LL0SA Brokerhttp://www.blogger.com/profile/12647085935682292923noreply@blogger.comtag:blogger.com,1999:blog-4797432599663441966.post-81291354685113742432007-05-24T01:32:00.001-04:002007-05-24T01:32:00.001-04:00

Hey Tchaka, How about a used Lambo?

FRANK LL0SA Brokerhttp://www.blogger.com/profile/12647085935682292923noreply@blogger.comtag:blogger.com,1999:blog-4797432599663441966.post-62161358705372222562007-05-24T01:32:00.000-04:002007-05-24T01:32:00.000-04:00

Frank, I'm sorry to say that $152k will not get me a new Lambo, so I'm now accusing you of false advertising!When I watched the segment on Sunday my immediate thought when she said "saved $27000" was what you eloquently wrote out. Yes, there's a possibility that the did come out ahead and that Redfin did a good job. But I'm not yet convinced. I can sell any house at list.......it's a matter of

Tchakanoreply@blogger.comtag:blogger.com,1999:blog-4797432599663441966.post-80184323278820820112007-05-24T01:31:00.001-04:002007-05-24T01:31:00.001-04:00

Frank, well thought out post.

Missy Caulk GRI, e-PROhttp://activerain.com/missycaulknoreply@blogger.comtag:blogger.com,1999:blog-4797432599663441966.post-52676358715170365672007-05-24T01:31:00.000-04:002007-05-24T01:31:00.000-04:00

Thanks for the shout out, Frank. As you say, not all Realtors are paper pushers and we can save our Clients real $. In fact I just helped my recent clients purchase a new home for $27,000 LESS than Asking Price PLUS got them a brand new roof. And for the Condo they currently own, we got multiple offers the first weekend and is now Under Contract for ABOVE Asking Price - the highest price since

Megan- FranklyRealty.com Agenthttp://www.realtormegan.comnoreply@blogger.comtag:blogger.com,1999:blog-4797432599663441966.post-45616285729213850772007-05-24T01:30:00.000-04:002007-05-24T01:30:00.000-04:00

Come on Frank, You're going to give us all a bad name by actually working for a living! I thought all us Real-a-ters did was open doors and fill in blanks? :) Your post is a perfect example of what a true professional does. Very good Frank.

Bryant Tutashttp://activerain.com/tutasnoreply@blogger.comtag:blogger.com,1999:blog-4797432599663441966.post-85827821460166540282007-05-24T01:15:00.000-04:002007-05-24T01:15:00.000-04:00

60 Minutes:http://tinyurl.com/252tpt

Anonymousnoreply@blogger.com