Re: [MBZ] populations discussion now killer Farmers now real estate transactions
After the cluster that was our first home purchase, we have always engaged the services of a real estate attorney in every real estate transaction we have conducted. This is whether we're buying or selling, using an agent or working on our own. The fees are a pittance compared to the total cost, and just the presence of an attorney in the transaction seems to keep things more on the up-and-up, not to mention the ability of an attorney to resolve what might be otherwise dealbreaking situations. As for agents, well, a friend of mine is an agent in the Reno area that deals in higher end homes. I just spoke with her last week and she was telling me about how a lot of agents are trying to gift listings to others. That is, they've had a listing for so long they can't move it, so they gift it to a fellow agent. This is a way to screw someone, as according to her she's in to a $1M sale at least $5k right out the door for the costs she incurs to begin the marketing. Because of this and the crappy real estate market (especially in the higher end properties) she has been turning down listings of late when she feels the sellers have unrealistic expectations of what the property is worth, or that the market won't support the value of the property. Dan --- Craig McCluskey [EMAIL PROTECTED] wrote: On Sat, 08 Sep 2007 13:54:38 -0400 Allan Streib [EMAIL PROTECTED] wrote: the point is the agent gets paid out of the proceeds of the sale. If the sale does not close, he doesn't get paid. So the agent is really in a bit of a conflict of interest position, he wants the deal to close which can be in conflict with protecting the interests of the buyer OR the seller, depending. That's why you need a real-estate attorney that YOU hire if you really want someone representing YOUR interests in the transaction. Yes, good point. Craig ___ http://www.okiebenz.com For new parts see official list sponsor: http://www.buymbparts.com/ For used parts email [EMAIL PROTECTED] To Unsubscribe or change delivery options go to: http://okiebenz.com/mailman/listinfo/mercedes_okiebenz.com Pinpoint customers who are looking for what you sell. http://searchmarketing.yahoo.com/ ___ http://www.okiebenz.com For new parts see official list sponsor: http://www.buymbparts.com/ For used parts email [EMAIL PROTECTED] To Unsubscribe or change delivery options go to: http://okiebenz.com/mailman/listinfo/mercedes_okiebenz.com
Re: [MBZ] populations discussion now killer Farmers now real estate transactions
In OK, we are one of the few states left that are abstract states, meaning the they have to pull the abstract up to day which is done my an attorney. You get title insurance from that attorney which protects you if something fishy goes on. Besides that, if you have a good realtor they will make sure you do not get screwed on anything else. Not all are looking out for their buyer (or seller), but the good ones do. LWB250 wrote: After the cluster that was our first home purchase, we have always engaged the services of a real estate attorney in every real estate transaction we have conducted. This is whether we're buying or selling, using an agent or working on our own. The fees are a pittance compared to the total cost, and just the presence of an attorney in the transaction seems to keep things more on the up-and-up, not to mention the ability of an attorney to resolve what might be otherwise dealbreaking situations. As for agents, well, a friend of mine is an agent in the Reno area that deals in higher end homes. I just spoke with her last week and she was telling me about how a lot of agents are trying to gift listings to others. That is, they've had a listing for so long they can't move it, so they gift it to a fellow agent. This is a way to screw someone, as according to her she's in to a $1M sale at least $5k right out the door for the costs she incurs to begin the marketing. Because of this and the crappy real estate market (especially in the higher end properties) she has been turning down listings of late when she feels the sellers have unrealistic expectations of what the property is worth, or that the market won't support the value of the property. Dan --- Craig McCluskey [EMAIL PROTECTED] wrote: On Sat, 08 Sep 2007 13:54:38 -0400 Allan Streib [EMAIL PROTECTED] wrote: the point is the agent gets paid out of the proceeds of the sale. If the sale does not close, he doesn't get paid. So the agent is really in a bit of a conflict of interest position, he wants the deal to close which can be in conflict with protecting the interests of the buyer OR the seller, depending. That's why you need a real-estate attorney that YOU hire if you really want someone representing YOUR interests in the transaction. Yes, good point. Craig ___ http://www.okiebenz.com For new parts see official list sponsor: http://www.buymbparts.com/ For used parts email [EMAIL PROTECTED] To Unsubscribe or change delivery options go to: http://okiebenz.com/mailman/listinfo/mercedes_okiebenz.com Pinpoint customers who are looking for what you sell. http://searchmarketing.yahoo.com/ ___ http://www.okiebenz.com For new parts see official list sponsor: http://www.buymbparts.com/ For used parts email [EMAIL PROTECTED] To Unsubscribe or change delivery options go to: http://okiebenz.com/mailman/listinfo/mercedes_okiebenz.com -- Kaleb C. Striplin/Claremore, OK 94 E420, 92 300D, 92 250D Turbo, 92 300E 4Matic, 91 300D, 90 420SEL, 89 560SEL, 89 260E, 87 300SDL, 87 300TD, 85 380SE 5.0 Euro, 81 240D, 81 380SLC, 80 240D, 76 240D, 76 300D, 72 250C, 69 250 http://www.okiebenz.com ___ http://www.okiebenz.com For new parts see official list sponsor: http://www.buymbparts.com/ For used parts email [EMAIL PROTECTED] To Unsubscribe or change delivery options go to: http://okiebenz.com/mailman/listinfo/mercedes_okiebenz.com
Re: [MBZ] populations discussion now killer Farmers now real estate transactions
Sort of. Essentially, the current listing agent has already thrown in the towel and written off their expenses, knowing full well and good that the seller is either being unreasonable or has unrealistic expectation of their home's value in the current market. That means you take the listing, toss your $$ into it, with the likelihood of success being nearly nil. If you're really hungry or just want to have a boatload of high profile listings (remember, this is a very competitive business and visibility is important) you might take it. This is not something people who expect to work together again in the future would do to each other. It's more like handing a bag full of crap that looks really nice on the outside to a competitor and hoping you're not there when they open it. She says that she has walked from a number of listings of late, mainly because the sellers refused to acknowledge the market and won't move their price into a realistic range based on what (little) is selling. She also said their have been some potential sellers she has told that they should not sell unless they are willing to take a hit. Dan --- Craig McCluskey [EMAIL PROTECTED] wrote: It would seem that the one that would be screwed would be the agent who is giving the listing away, so one, in effect, is screwing one's self. Or am I misunderstanding things? Craig Be a better Heartthrob. Get better relationship answers from someone who knows. Yahoo! Answers - Check it out. http://answers.yahoo.com/dir/?link=listsid=396545433 ___ http://www.okiebenz.com For new parts see official list sponsor: http://www.buymbparts.com/ For used parts email [EMAIL PROTECTED] To Unsubscribe or change delivery options go to: http://okiebenz.com/mailman/listinfo/mercedes_okiebenz.com
Re: [MBZ] populations discussion now killer Farmers now real estate transactions
On Sat, 8 Sep 2007 13:02:32 -0700 (PDT) LWB250 [EMAIL PROTECTED] wrote: ... she was telling me about how a lot of agents are trying to gift listings to others. That is, they've had a listing for so long they can't move it, so they gift it to a fellow agent. This is a way to screw someone, as according to her she's in to a $1M sale at least $5k right out the door for the costs she incurs to begin the marketing. It would seem that the one that would be screwed would be the agent who is giving the listing away, so one, in effect, is screwing one's self. Or am I misunderstanding things? Craig ___ http://www.okiebenz.com For new parts see official list sponsor: http://www.buymbparts.com/ For used parts email [EMAIL PROTECTED] To Unsubscribe or change delivery options go to: http://okiebenz.com/mailman/listinfo/mercedes_okiebenz.com
