Skip to main content

Real estate woes

I started out 2 years ago at a small boutique office 3 working agents (broker is one of em) in 2 years I’ve done 17 deals residential & commercial. My commission split is 50/50 with the office and then 70/30 with the broker. I’ve done over 2.5mil in volume and walked away with 12k total-

  1. Is that common?
  2. my broker co-listed me with a residential sale w/o asking.. the house is listed at $850,000 (way over priced) it’s worth about $780-810 max I’ve discussed this with her and she won’t hear it on top of the house being over priced she promised the seller consecutive open houses sat&sun EVERY weekend until the house sells which she isn’t present for, myself and the other working agent show up- we’ve had this listing since June we’ve had maybe 15 people show up in all this time and offers from 730k-800k… I’ve backed out of multiple weekends explaining that consecutive open houses are a waste of everyone’s time and makes the house look bad and us look desperate.. I’m looking at other brokerages to go to Bc I feel like I’m at the wrong place to find success, is this something that happens often? Any advice would be appreciated
submitted by /u/JuhSel0
[link] [comments]

source https://www.reddit.com/r/RealEstate/comments/yxtn41/real_estate_woes/
Labels:

Comments

Post a Comment

Popular posts from this blog

Aren't comps/CMAs useless with buyer credits at close happening now?

I'm looking into buying a new construction townhouse in my HCOL US city. I'm seeing builders offering interest rate buydowns worth $20k-$60k on $800k homes (rather than just lowering prices) in order to keep their comps high for their other units, now that buyer demand has been declining. I asked my agent about these, and he said these buydowns aren't even the full story: buyers can write all kinds of other credits into an offer, like their closing costs, prepaid sewer fees, etc. Apparently cash buyers can just write in a "buyer credit at close" for any amount in their offer. So a new townhouse that appeared to sell for $800k in the MLS might have actually been a cash offer with a $100k+ buyer credit at close, meaning the buyer only spent $700k or less in total, but to the rest of the world they can only see the $800k! So that made me realize I can't trust comps/CMAs for other new construction townhouses. The sales prices could be way lower than they appear...
1 comment
Read more

How to Avoid Property Scams in Delhi?

Here’s What You Should Know! Commercial Real Estate (Non-Residential) Buying a property in Delhi can be tricky, especially with all the stories about scams and shady deals. If you're in the market, here are some tips to keep yourself safe:Double-check the documents: Always verify ownership and approvals. Don’t just take someone’s word for it—look at the actual papers. Do your homework on prices: Compare similar properties to avoid overpaying. A little research can save you from a bad deal. Work with trustworthy people: Whether it's a seller or an agent, go for someone who's transparent about pricing and the process. If they’re dodging questions, that’s a red flag. Ask for reviews or references: If someone you’re dealing with has a good track record, they won’t hesitate to share testimonials or connect you with previous clients. I’ve noticed that some property services have started focusing on things like verified listings and clear communication, which makes the whole proc...
Post a Comment
Read more