Skip to main content

Does Real Estate Industry have a Classification/Reward system for Real Estate Sellers of the homes they sold next to the number of homes they built?

I've been thinking.... And quickly losing much level of respect for people involved in selling real estate. I don't care if you're Warren buffet or Dave Ramsey..... What I want to know is how many homes you have built as a real estate investor vs how many you have sold.... I think if people(customers) could know this then it would quickly expose some weak hands....

I don't even want you in my friends circle if you are in real estate and haven't built 2 homes for every 3 that you sold..... Please don't tell me on this post that real estate investors cant do that because it would dilute their market and drop prices drastically due to inventory increase(frankly, this is an easy thought to conclude)

So what I want to know from some of you is if there is a merit based recognition system or something in the real estate industry where common home buyers can KNOW FOR A FACT that the real estate seller(or even broker/scalper) has built at least 2 homes for every 3 homes they sold. Additionally I want some thoughts on how someone(maybe me) can start an organization that allows real estate investors/sellers to be placed on a RECOGNITION LIST that they have done so. This could allow more home buyers to migrate towards those real estate sellers knowing they have had a positive impact on society rather than an egregiously based greedy "take my money" approach....

(This should be quite an interesting discussion)

submitted by /u/Wise_Cut_2543
[link] [comments]

source https://www.reddit.com/r/RealEstate/comments/161qmqt/does_real_estate_industry_have_a/
Labels:

Comments

Post a Comment

Popular posts from this blog

North Carolina – “One to Buy; Two to Sell”

I realize I will likely have to contact a real estate attorney but also hoping to hear insights and experiences from others! I have a house in NC that I bought by myself in 2009, and paid off, in full, in 2022. I got married in 2023. My spouse and I have not lived in the house as our "marital residence". We have maintained separate residences even after we got married. (That a separate topic!). I am now selling this house. Realtors have told us that my husband has to sign the deed at time of transfer but I am not convinced since the house has not been our marital residence. The realtors like to use the phrase "one to buy; two to sell", which seems like a broad-stroke statement which is not applicable under all circumstances. And of course, the realtors don’t realize the details of my specific circumstances: I purchased and paid for the house in full prior to marriage Only my name is on the deed And most importantly, we have never lived in the house as a marit...
Post a Comment
Read more

Question With Tricon "Pending ID".....

My wife and i, along with 2 other peopl applied to rent a house, and our application says "Approved, Pending ID". Anyone else know what that means? Do we pretty much have the place or are we missing something? submitted by /u/Itskrueger [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1orixqj/question_with_tricon_pending_id/
Post a Comment
Read more

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