The issue is that either the renter or the owner must in some way pay insurance and property taxes if they want a "permanent roof" with utilities like electricity, gas and water. Because of this, many people-at least in California, where I currently reside-are living in tents. No taxes, rent, mortgages, or insurance. The number of people who tell me they live in their car that I meet amazes me. Its crazy out here!
It’s getting wild by the day. The prices of homes are quite ridiculous and Mortgage prices has been skyrocketing on a roll(currently over 7%). Sometimes i wonder if to just invest my spare cash into the stock market and wait for a housing crash or just go ahead to buy a home anyways.
I get such worries too. I'm 50 and retiring early. Already worried of the future and where its headed, especially in terms of financies and how to get by. I'm also considering making my first investment in the stock market, but how can I do so given that the market has been in a mess for the majority of the year?
I wholeheartedly concur; I'm 60 years old, just retired, and have about $1,250,000 in non-retirement assets. Compared to the whole value of my portfolio during the last three years, I have no debt and a very little amount of money in retirement accounts. To be completely honest, the information provided by invt-advisors can only be ignored but not neglected. Simply undertake research to choose a trustworthy one.
‘’Aileen Gertrude Tippy’’ is her name. She is regarded as a genius in her area and works for Empower Financial Services. She’s quite known in her field, look-her up.
Audra, the time and effort you have put into building your business is so evident. You deserve every dollar in commission you ask for. The presentation book is awesome.
Great video Audra! I have bought and sold a 'few' properties in my lifetime. My suggestion to friends and family doing this for the first time is to remember that you are the Boss. You are hiring this person to provide a sevice for you. If they don't like your reasonable terms and conditions.....move on to another agent. I promise you will find someone who will work with you. Good luck!
I was told if a realtor agrees to take less commission they will not prioritize my home.... I would love your thoughts. ps. I have no idea how I found you but am so thankful I did. I have watched so many of your videos. I so appreciate your straightforward, honest information. I wish you worked in the Temecula Valley 😊
Okay...realtors only get paid if they sell your home. There are way more realtors out there than homes on the market right now. If a realtor has your house on the market, they will treat it as a priority. They want money! I would be a bit hesitant if an agent has over 12 listings....they may not make anyone a priority because they are just chasing their tail. Most the agents I know who are professionals, take their job seriously and treat their clients with respect. You want to avoid the ones that don't. Interview at least 3 agents. You won't regret it. Remember, some realtors might say no to a commission reduction because they know their worth...sometimes you get what you pay for. After interviewing a few agents, you'll get a good vibe. I promise.
I am from Canada and I have seen that happening. A real estate agent can label you a problem person if you question any of their set rules. They will pass your name and property address to all other real estate agents to not take your business. In one case a house owner had to sell her house on her own privately.
Your videos have been extremely refreshing. Your looks behind the curtain have actually helped me in appreciating the potential value in using a listing agent. So much so that I am reconsidering the FSBO route for which I was already preparing. Your respectful frankness has helped me to manage expectations on both sides of the table. It is funny to me how professionals are able to unabashedly seethe over this type of fair and honest transparency. Keep standing strong.
Well, WOW...so glad I could help. I truly appreciate your kind words. I really am trying to help the consumer out there. Someones got to...might as well be me. Really glad you are getting value out of my videos. Best of luck to you...I know you'll do great.
Totally agree on “‘no lockbox”. We have always had surveillance equipment on property and witnessed buyers agents bad behavior. One buyer agent came early, turned on Sunday game and hung out on our living room couch for a half hour. When his buyers arrived, he greeted them and left them to walk the entire house unsupervised for a half hour. When they were done he turned off the game on the television and walked out with them. No concern whatsoever about what the potential buyers were doing in our home.
I love your videos! We own a home inspection company in SW Missouri. We are launching a pre-listing inspection program and are excited about sharing this concept with our local agents. We are hoping it won’t be too hard of a sell and wishing there were more agents like you in our area!
wow...thanks so much for commenting. I wish you all the luck. Its a great service to offer home sellers. I wish more agents offered this. Best of luck to you.
We are currently in the process of selling our home. It would be wonderful to have a pre-inspection service available. The less that comes up on a final inspection, the better! Good luck launching your business! 👍
Ahhh...thanks so much!! I was sick when filming the video...the lighting is awful...but thought the message was important to get out. Appreciate your comment.
Too much commission is being paid today. Most buyers today have already done their homework and the work of an agent is vastly different today from what it was 25 years ago!
Well, I can't disagree with that...however, its the knowledge factor that has increased dramatically over the years. You need to know a lot more now then you did back in the day. However, most agents aren't that educated either...its a discipline! There are some amazing agents out their that earn their keep. If you are selling your house, I would highly recommend interviewing several agents before hiring one...or sell your home yourself. Pros and Cons of doing that, as well.
Thank you, thank you, and thank you! We're selling our place in Oregon so we can't use you as a realtor, but your videos have been tremendously helpful.
Great video Audra! Lots of insight into why the Seller needs to take a lead position in commission negotiations with the realtor - after all, it's their house and money that creates the commission. If the realtor isn't offering top-dollar services, then why should they reap a top-dollar commission? Thanks for taking the time to share this, and hope you're feeling better soon.
I’ve just found you earlier this week, and this is only the second video I have seen from you. I have learned a few things so far. Thanks. Feel better real soon, Audra.
Excellent Advice, one should be "Interviewing" for an Agent, regarding pertinent issues, questions. I did not do this in my first listing Agent, but I will adhere to your advice. Your attitude of being a "Partner" in the buying/selling process, Vs. just a participant. peace & light ~ SLV
we have had one agent so far and she said, “i will not work for less than 3%”. and she wants us to put on the contract that we will pay the buyer’s agent 3% also because she believes no buyer’s agent is going to show our property without getting paid 3% or more. Looks like we need to ask questions and absolutely take control of our listing
Audra, me again!! I enjoy your videos so much. I am getting ready to sell my house. Even though you are in California and I am in Florida the information you share is invaluable. You seem to hit on everything I’m wondering about. I’ve bought and sold a couple of houses over the years, but my husband always took care of everything and I just signed. Now I’m doing this on my own. I just want to say a big THANK YOU to you. I feel more prepared than I would have had I not found your videos. Good luck with all your ventures, Robin (and yes, I will be calling REVIVE)❤
Hi Robin, you just made my day!! So glad I could help. It truly gives me joy. I know you are going to do great! Thanks so much for watching my videos!!
Excellent! Thank you. You might also add that many of the items in the closing are also negotiable. When we sold our very first home, we didn't know from nuthin' and used a real estate agent who used the highest cost closing company, the highest cost real estate lawyer for a simple legal question , a corrupt home inspector, etc. We've always heard "buyer beware", but when using a real estate agent, it should be "seller beware". Your agent is generally looking out for herself first.
I am SOOO glad that I came across your videos as we're going to be selling our house within the next year. I've learned so much but still have much to learn before we bite the bullet. I wish you could be our listing agent!
Hello Audra thank you so much fpr these amazing videos what a great job you are doing , you are so professional honesr and hard working beautiful Lady , unfortunately im feeling so frustrated because i didn't watch this before , we jsit signed a listing agreement with a realtor agent and she sent it to our email for electronic signatures and we dont even know what we signed , we didn't talk or ask about what services she provided im feel so frustrated, i wonder if i can break this agreement or is it too late , she jait told ahe is going to take pictures of the house with her cell phone 😖😖😖😖😖
WHAT!! Cell phone pics. Oh No..I would ask to have a sit down to review what you signed and what specific services they are offering. Cell phone pics makes me nervous. If it doesn't feel right, you may ask to cancel. They don't have to...but you can ask. Even call their broker requesting better services.
Thank you MS Lambert for this video. Yesterday , I had a meeting with a listing agent. She came unprepared and I was lock and loaded with knowledge from this video. First, I emailed her last Saturday asking her about what services she provide. She never read my email. She came with a paper that I could print from the internet myself telling me the estimated Market value of my property. No portfolio. Then when I started asking her my questions; she didn't even knew what staging services were (this agent is from "Venezuela"). Then she said that she wanted the "standard 6% commission because that is the Florida Law".... I was like what!!!? I told her that I knew commissions were negotiable and asked her to prove me wrong and provide me with a copy of the "Florida Law" that she was talking about. She said that she was asking 6% to provide incentive to the buyers agent . I asked her what was the incentive for she said that it was for the buyers agent to bring potential buyers. I told her that was illegal then she said if I didn't then it was going to be very hard to sale my property because there weren't going to be any buyers and I told her that sounded to me like "steering" and that also was illegal and unfair then she went on to say that, I had to compete with new constructions and that my property was already "used". I gave her my thanks and told her that I need an agent who is going to be working for me and not for the buyer or the commission. That 6% didn't included pre inspection she said that was done by the buyer. BTW she also asked me what I thought my property was worth and I told her that I wasn't going to answer that question without having it appressed. She did said that she was willing to charge 5%. Needless to say, I am not going to call her again.
Oh wow...that sounds absolutely terrible. I am so sorry to hear that. It's Florida law for 6% commission...that's the biggest crock of poo poo I have heard in a long time. Next! If you are interested in selling, we can refer you agents that we screen. Just fill out the link below. No pressure either way...but please interview at least 3 agents before you select one. Best of luck...and thanks so much for sharing! lambert.homes/referral
I got boycotted and blackballed over commission. How do agents have such power? Where I used to live it was always 4%...never knew anyone charged more. Until I tried to sell his house..... I did it at 4% and agents refused to show my house.... THey'll only work for 5-6% commission and won't show houses with less. They got sued in America for doing this and they're still doing it in Canada. It's sad when agents put money and deter their clients from a great home... How did agents get so much power that they can actually succeed in doing that? (ps I was only moving because my son was bullied and beat up at this school. I was clear about that too. Now he's stuck......)
Once I send out the email to 3 listing agents would the next step be to follow up on a call or set up a meeting? I've learned so much in this video alone and now I'm binge watching☺
Yes, absolutely! Give them a call too to set up meeting if they haven't already responded to your email. Sometimes. emails go into spam folders. So glad you are getting value out of my videos. Have fun binge watching.
Well thank you so much. I am just trying to help. I really think there is a need out there. The stories I have been told are unbelievable. Thanks for your support.
Audra, when we make an inquiry for realtor does our information get passed on? I’m going to be ready for market in a couple months but I’m not ready to get calls. I’d like to research who to contact without being contacted. 😂 We had a major rehab as we had to have foundation replaced and I’m trying to figure out just how much I need to do to get it on the market. Your video on what to update and what to leave alone has really got me thinking.
@@cbrisalchemist6887 Hello there!! Appreciate your comment. I understand your position. If you want to email me your request at audra@lambertgrouphomes.com we can send you a few agents that you can interview in your area. We will not share your information with other realtors if you request we do not. Just need to know a specific area. Good luck with all your rehab work.
The info you are giving is great. Unfortunately, this home that will eventually be up for sale is stuck in a Living Trust. My brother & sister in law already have this Realtor coming here & claim that they trust him. This guy told them if it’s an older home he did not need to even come inside the home but can appraise it from the outside? We are being strong armed into an informational meeting with this guy. They like him cuz he sends them yearly Birthday cards. I can hardly believe it! While a few of us think: The only thing Realtors are interested in is their 2 %. It really sounds like this Realtor will not do anything for us but a quick sale.
There is something about you that speaks to honesty and a genuine nature. You just can't hide that. I live on the other side of the country and I don't see myself buying a house in Orange County any time soon, but you absolutely have a ton of good, important advice that is applicable anywhere.
Well, thank you kindly. I really am touched by your kind comment. It really means so much to me. I am just trying to help people out. Most don't know the "stuff" I am talking about. Thanks for your support.
Hi Audra, thank you so much for the excellent information provided. I have watched many of your videos and appreciate learning about the selling and buying process. You are a super educator!
Audra! Congratulations! You're providing the world a great service by offering the kind of insight only a veteran realtor can -- your experience linked with your magnanimity is so commendable, and basically unheard of! Thank you! I wish you were in our area as I would jump at the opportunity to work with you on my next RE transaction. I know that's impossible, but I will certainly turn to you for a referral. Thank you for your honesty, candidness and for being emphatic about things you insist we keep in mind when doing a deal either as a seller or buyer. Wishing you continued success and again, thank you for all you do to help protect clients.
Well...thank you so very much!! Your kind words touches my heart. I wish you were in my area too..I'd love to meet you!! Glad you are getting value out of my videos. Appreciate you!
Likewise, it would be so fun to meet! Next time I'm in SoCal I'll reach out! Thank you again for the notes on interviewing a potential realtor -- everyone needs to be aware of this. And with the NAR being sued for propping up commissions, it's even more important to know how to negotiate costs/charges! Your videos should be mandatory viewing for anyone selling a property! Audra Lambert, you're the best! Stay well!
Thank you for your comment. Great minds think a like. Appreciate that you agree with me on the commissions. You sound like a great broker. Thanks for commenting and watching my videos.
Now, How, can anyone fault questioning the Bottom Line, Upfront!!?? Excellent Relevant List: Pre list, Appraisal, Show vs Lockbox, commissions questions FIRST!
What about asking a real estate agent about the commission split? How much of the commission do they get and how much goes to the brokerage firm? Here in Colorado, I've heard that the brokerage firm can take a pretty hefty chuck of the commission. Can you address this?
Hi Audra, when listing for a friend on a property in a 55+ community valued at only about $150k, with 30 other units for sale at the same time, how many services would you provide and how much commission would you charge? Average time on market in this community is 6 months.
You go girl!! New subscriber and you scare me to death….only if you are the realtor for the seller and I am the buyer. You have convinced me to LISTEN to you. Very naive in trying to negotiate with a professional. It is happening soon and I am studying right beside you. Thank you for being so transparent in sharing😜‼️
Audra - you are amazing! I’ve been in sales myself for a very long time, and it’s great to see ‘how things work” on the real estate side - and also things to watch out for + negotiate with listing agents. Kudos!
I interviewed an agent that said even though he charges 6%, 3 percent going to the buyer's agent and even when the lawsuit is approved, he'll still charge 6%. So that'll mean when I buy a house, I'll have to pay the buyer's agent under this new lawsuit in addition to the 6% to sell my home.
I wish you were in Michigan!!!! You seem like you would be absolutely ruthless during negotiations and procedures. I’ve been in my 104 year old craftsman bungalow for just over a year and have a ton of regrets(HVAC, undisclosed foundation issues, just the fact that it came with 104 year old problems…..first time home buyer 😔)Can you do a video on how long you should stay in a house before selling?
Audra, my wife and I love your videos. As sellers, we just realized our current realtor does not use printed leaflets. For the previous home we sold in 2012, the realtor made a beautiful full color multi page flyer. Has this practice gone out favor? Thanks in advance.
My son negotiated his commission. He was both buying and selling, and got a reduction on the selling side. They weren't particularly happy about it. It helps that my son's job is related to buying and selling companies and hiring the associated service companies (such as lawyers and lenders), so he has a lot of experience with price negotiation. Most people don't have experience with large transactions, perhaps only with buying cars, and aren't comfortable with that process either. I'm not sure how your referral company works, but they could be helpful in negotiationing commissions with the Realtor. If they were paid by the potential customer instead of the Realtor, they would be better able to do that. But, always remember that if you aren't paying for a service, you are the product, and not the customer.
Thanks so much for sharing. Good for your son!! You are the one responsible for negotiating the commission on the buy and sell side of the transaction. We just help find reputable agents in various areas. Its a good skill to learn: Negotiating for yourself. A lot of people don't think about it. Appreciate your comment.
Wish I watch your video before my husband signed contract with a realtor agent at 6% is their commission fees on a 6 months contract to sell our country house. Then only thing she covered is the pictures had a photographer to take pictures, and she talked us into putting the lock box on the door since we we are in the city most of the time, is an eye sore. I think she's the only realtor agent remax in that area, so is 2 hr's away from the city where our main home is. Now I'm hoping she doesn't sell during the 6 months and will seek your help to find us a better agency to help sell our house, thankfully we're not in a desperate position where we need to sell asap. But if she managed to sell at a the asking price within the 6 months then it won't be too bad.
Aren't a lot of the things that you would include in a listing fixed costs? In that it would eat into more of the margin for a lower priced house? What is a minimum house price with a 5% commission that you would expect: an inspection, pro photos, drone photos, staging, etc...
In my area, $700k property is usually the entry point. If you take $700K x 5% = $35,000. THAT IS A LOT OF MONEY. Real estate agents have their annual MLS dues , E&O insurance, and whatever their commission splits are with their broker. I work for a fee based broker where I pay a monthly fee for joining. This keeps my overhead lower and my broker doesn't get compensated out of my commission. With those extra savings I am able to provide a better service/offerings to my clients (staging, appraisals, etc). Most agents are giving a huge amount of their commission to their broker. No idea why anyone would do that. I work for Realty One Group. Great company. Hope that helps.
I appreciate your candor😊❤️I’m a newer agent and I agree with you, I shouldn’t be paid the same as you with your experience. But I’m on my way🥳🎉👍and i”m ok with that. Thank you, your an inspiration !!!
Wow! Audra what a revelation. I believed that the Real Estate Agents commission was set on stone and it was nothing to ask or argue about. They sure oversell their services and kind of intimidate you to believe that they are doing you a favor in selling your property. I know better now, Thank you.
how does a seller deal with additions to the home/property when permits were not pulled at the time of construction but find they need to sell the home years later after construction ..? what can happen..? can buyers agents cause problems for the seller if permits weren't pulled..? we thought this was our forever home only to find out decade later now we need to move. afraid to ask about this subject.
Believe it or not, people do their own additions/upgrades without permits all the time (not recommending this, of course). As a seller, you would need to disclose the un-permitted additions/upgrades. Make sure the buyer is aware...let them do their own investigations as to whether or not they are comfortable with the construction/building materials etc. Where it can become a problem is if the addition or un-permitted upgrade is a hazard or not safe for people to be around. If it is unsafe, someone might report you to the city. I have sold several homes with un-permitted additions. Just disclose everything you know. You should be fine:) Best of luck to you.
It's all good until the town finds out and comes after you for back taxes because your property value wasn't assessed properly. Then they add fines on top of that. Vultures
Hi Audra, I understand the importance of good photos and drone footage, but it seems they tend to not show general "blemishes" as much. In other words , making the property look better than it actually is. Can this be a negative when showing a property ? Your thoughts please.
Well, in my opinion you should market your home in its best light. Those blemishes should be taken care of before putting the house on the market. Buyers will notice those blemishes and be disappointed....and probably not make an offer. The key here is make your house shine in person...pictures should be a fair representation of how the property shows. Just my opinion.
Well, I do think it depends on the price point. There are some buyer's agents out there that have been working with their clients for over a year or more. You are not paying a buyer's agent for their time...but rather their knowledge. Find a good one is what I say.
Excellent input and makes complete sense Audra and I agree we shouldn't have to reduce our commissions if we do all this for our sellers. I love going the extra mile for my sellers and will definitely start adding some of the tips you suggested here for my sellers. The pre-home inspection is the best idea I believe because in the long run it will only help with the closing. Thanks again for your hard work on these videos! And I am not going to tell any of my realtor friends about you because it gives me an advantage over them lol :)
Well, the good news, buyer are the ones that we are working with now. Not so much realtors now-a-days. Who cares about the realtors shadow-banning you...they aren't the ones making the appointment..watch this one: th-cam.com/video/CvCTHPGaObM/w-d-xo.htmlsi=9i4gpzoWJlIT6sqi. Thanks for your comment.
@@AudraLambert Well, if I put my house (my home is not for sale) on MLS, and there's an organized (or defacto) boycott of my listing because it has the wrong commission structure, that's a problem. I applaud those who fight this, but we need to be cognizant of the obstacles.
@@gordonv.cormack3216 I really don't think you realize how little power agents have over directing their buyers to properties. Have open houses and let the buyers make their own decision. It happens everyday. Its a big shift in our industry. If you aren't getting traffic on your home, its probably priced too high. Just saying.
@@AudraLambert I do understand. I wanted to see a discount listiing, and when a realtor refused, I contacted the listing agent. He showed me that and other properties, and when I did buy through him, he gave me part of his commission. However, as a seller, you will potentially miss some buyers who stick with "their" agents. It is possible in Canada to bypass exhorbitant commissions only because anti-trust rulings forced MLS to make their listings visible to the public, and to accept listings from the public. What's current US law?
@@gordonv.cormack3216 Hello there, in my area the buyers are now just going direct to the Open Houses and/or making appointments directly with the listing agent. They bring their buyer in to write up an offer. Its not as big of a deal to bypass the agent.
I always thought is was 6%... 1.5% each for seller agent, seller agent company, buyer agent, buyer agent company. You look super cute in that outfit with that hair style! So professional looking! I want to buy a new house now just so I can hire you. Do you cover North West Arkansas metro area....aka XNA airport code aka Walmartville?
Hello Sgt. Joe!! Love your commentary. I live in California. I am not licensed in North West Arkansas. There are no set commissions...no going rates...people need to know they can negotiate. Happy President's Day Joe!
A crap load of money? As someone who is seriously considering a move into becoming a realtor I’m shocked by how low projected commissions would be in my market. I do have extensive insight/connections with home builders on the business side but most of the properties in my general area fall into the 100-200 range. Do you have any suggestions on how to approach this price range while still providing value as an agent to future clients?
Thank you! I almost signed a contract with a broker last night but thankfully, I read contracts before signing. The commission came to 23.2%!!! Called another agent this morning and voila! your video. Thanks!!!!!!
We had an agent tell us he use to have his buyer always lowball the seller and it stopped working because houses were selling so fast. He said he had to come up with a new strategy. He came to our house as a possible listing agent in2017. He wanted to list our home for $445K. We listed with someone else for 575K. We had 9 showings in 9 days with three offers. His new strategy must’ve been getting unknowledgeable sellers to sell their homes low to get his commission. We lived in Salem, Oregon.
That is an agent spinning on a hamster wheel…and getting no where fast! Lowball offers went out before the pandemic because houses (or in our area) were selling within hours and at 10 to 20 thousand more than asking and no contingencies. It was scary to be an agent during that time; you literally sat in your car writing the offer and walking it up to the agent to be told you were the 15th (or more) offer submitted and it wasn’t even an hour or so after showings started.
An agent I’m talking to now is telling me she charges 5 percent commission and it’s not usually negotiable but she said we’d talk. She wants me to sign an agreement this week. I think I’ll look at your recommended agents. Thank you for making this video! All your videos are very informative!
So glad you are getting value from my videos. I would make sure you know what you're getting for 5%...thats a lot of money..they better be giving you a lot of value. I would still interview 2 other agents. Thanks for watching my videos.
Hi I have a question. For staging and photography are the agents supposed to pay for those services or do they add on commission to pay for those services?
Really love your content! I’ve watched so many of your videos and learned a lot. Question- what do you think of seller offering less than 3% for the buy side commission? In my area it seems like houses that offer a lower commission to the buyers agent get less traffic and take longer to sell, even if it’s something like 2.5%. For reference, I’m in Texas looking to sell a home around $500k.
Well, I'll be honest, in my area the buyer's agent does not direct the buyer as to what homes to look at or purchase. The buyers are finding their own properties on line then bringing their agent in to view the property and write the contract after the fact. I am primarily a listing agent. I hold open houses for this very reason. I want buyers to find my property on line, fall in love with it, then bring in their agent to write the offer. I think the best way to attract a buyer isn't through the buyer's commission, its the price of the home and the condition and location it is situated. I would rather you list your house for less then pay a buyer's agent more commission...doesn't work anyway. Prepare your house for sale, tidy it up, and set a fair price...you will sell it.
@@AudraLambert Thanks! Agree completely with your perspective and advice. I’ve always found houses myself and connected with an agent to write the offer. Keep up the great work with your videos!
Great question! AS IS means the seller is selling the house with no repairs and/or credits. The seller is not granting any repair request. No inspection needed means the seller is confident that the house is in great condition and doesn't need an inspection but you as the buyer are welcome to complete one. Hope that helps.
Hi Audra- Learn so much watching your videos. Question: should I sell my house through HUD process? I am not sure if you are familiar with it. What are the pros and cons? More power.
Hello there! I am not very familiar with selling a house through the HUD process. I have never sold a house through the HUD process, to be honest. I do believe each state has their own process/qualification I would first contact your lender to find out first if the house qualifies. Wish I could be of more help. Its just not an area I specialize.
Hi again Audra, I called my lender and got the answer I needed. My other question is … 😃 what is your opinion on selling my house directly with the buyer (my neighbor) who also knows real estate. Will I be pocketing more money in this process, get a low ball deal or I should hire my own agent to be protected during selling? Please advise. I learned so much from your videos just when I needed it. You are much appreciated.
What do you think is a reasonable commission rate a seller should pay for $1.8 million property? Houses are selling within two weeks of listing. I live in Silicon Valley, and there are multiple offers with $200K - $400K over listing price
I pay for home inspections, staging, appraisals, termite report, not to mention my extensive knowledge and negotiating skills... I would charge 2-2.25% for my listing fee...it really depends on the cost of staging.9
The issue is that either the renter or the owner must in some way pay insurance and property taxes if they want a "permanent roof" with utilities like electricity, gas and water. Because of this, many people-at least in California, where I currently reside-are living in tents. No taxes, rent, mortgages, or insurance. The number of people who tell me they live in their car that I meet amazes me. Its crazy out here!
It’s getting wild by the day. The prices of homes are quite ridiculous and Mortgage prices has been skyrocketing on a roll(currently over 7%). Sometimes i wonder if to just invest my spare cash into the stock market and wait for a housing crash or just go ahead to buy a home anyways.
I get such worries too. I'm 50 and retiring early. Already worried of the future and where its headed, especially in terms of financies and how to get by. I'm also considering making my first investment in the stock market, but how can I do so given that the market has been in a mess for the majority of the year?
I wholeheartedly concur; I'm 60 years old, just retired, and have about $1,250,000 in non-retirement assets. Compared to the whole value of my portfolio during the last three years, I have no debt and a very little amount of money in retirement accounts. To be completely honest, the information provided by invt-advisors can only be ignored but not neglected. Simply undertake research to choose a trustworthy one.
That's fascinating. How can I contact your Asset-coach as my portfolio is dwindling?
‘’Aileen Gertrude Tippy’’ is her name. She is regarded as a genius in her area and works for Empower Financial Services. She’s quite known in her field, look-her up.
I just love listening to people who know their stuff. You’re such a joy.
Wow...thank you!! Really appreciate your kind words. Made my day!
As a new agent myself, I absolutely love your candor and brutal honesty! I Truly value your content!
wow...thank you so much! Really appreciate your comment.
Audra, the time and effort you have put into building your business is so evident. You deserve every dollar in commission you ask for. The presentation book is awesome.
Wow, thank you! Appreciate your kind words.
Great video Audra! I have bought and sold a 'few' properties in my lifetime. My suggestion to friends and family doing this for the first time is to remember that you are the Boss. You are hiring this person to provide a sevice for you. If they don't like your reasonable terms and conditions.....move on to another agent. I promise you will find someone who will work with you. Good luck!
Thanks for sharing!! So glad I could help. I agree with you 100%...you are the boss!!
I was told if a realtor agrees to take less commission they will not prioritize my home.... I would love your thoughts.
ps. I have no idea how I found you but am so thankful I did. I have watched so many of your videos. I so appreciate your straightforward, honest information. I wish you worked in the Temecula Valley 😊
The realtor can always decline the listing if they are foolish enough to do so assuming your commission offer is at least fair if no generous.
This was also a concern of mine. I was thinking of the tier commission…if a quick sale would get them more money I thought that might be incentive. 😉
Okay...realtors only get paid if they sell your home. There are way more realtors out there than homes on the market right now. If a realtor has your house on the market, they will treat it as a priority. They want money! I would be a bit hesitant if an agent has over 12 listings....they may not make anyone a priority because they are just chasing their tail. Most the agents I know who are professionals, take their job seriously and treat their clients with respect. You want to avoid the ones that don't. Interview at least 3 agents. You won't regret it. Remember, some realtors might say no to a commission reduction because they know their worth...sometimes you get what you pay for. After interviewing a few agents, you'll get a good vibe. I promise.
I am from Canada and I have seen that happening. A real estate agent can label you a problem person if you question any of their set rules. They will pass your name and property address to all other real estate agents to not take your business. In one case a house owner had to sell her house on her own privately.
@@lydiaperera9422 That sounds awful!!
Your videos have been extremely refreshing. Your looks behind the curtain have actually helped me in appreciating the potential value in using a listing agent. So much so that I am reconsidering the FSBO route for which I was already preparing. Your respectful frankness has helped me to manage expectations on both sides of the table.
It is funny to me how professionals are able to unabashedly seethe over this type of fair and honest transparency. Keep standing strong.
Well, WOW...so glad I could help. I truly appreciate your kind words. I really am trying to help the consumer out there. Someones got to...might as well be me. Really glad you are getting value out of my videos. Best of luck to you...I know you'll do great.
Totally agree on “‘no lockbox”. We have always had surveillance equipment on property and witnessed buyers agents bad behavior. One buyer agent came early, turned on Sunday game and hung out on our living room couch for a half hour. When his buyers arrived, he greeted them and left them to walk the entire house unsupervised for a half hour. When they were done he turned off the game on the television and walked out with them. No concern whatsoever about what the potential buyers were doing in our home.
Really good advice. Nice to have a channel that is directed towards helping consumers understand their rights and choices available. Bravo Audra.
So glad I could help. Always good to know your rights. Thanks for the comment...really appreciate it.
I love your videos! We own a home inspection company in SW Missouri. We are launching a pre-listing inspection program and are excited about sharing this concept with our local agents. We are hoping it won’t be too hard of a sell and wishing there were more agents like you in our area!
wow...thanks so much for commenting. I wish you all the luck. Its a great service to offer home sellers. I wish more agents offered this. Best of luck to you.
I have my sellers do a listing inspection now for 25 years !!
We are currently in the process of selling our home. It would be wonderful to have a pre-inspection service available. The less that comes up on a final inspection, the better! Good luck launching your business! 👍
Outstanding presentation, Audra! Thank you.
You are so welcome! Glad I could help!
Ahhh...thanks so much!! I was sick when filming the video...the lighting is awful...but thought the message was important to get out. Appreciate your comment.
Too much commission is being paid today. Most buyers today have already done their homework and the work of an agent is vastly different today from what it was 25 years ago!
Well, I can't disagree with that...however, its the knowledge factor that has increased dramatically over the years. You need to know a lot more now then you did back in the day. However, most agents aren't that educated either...its a discipline! There are some amazing agents out their that earn their keep. If you are selling your house, I would highly recommend interviewing several agents before hiring one...or sell your home yourself. Pros and Cons of doing that, as well.
Thank you, thank you, and thank you! We're selling our place in Oregon so we can't use you as a realtor, but your videos have been tremendously helpful.
So glad I could help!! Good luck selling your house in Oregon. You're going to do great!!
Great video Audra! Lots of insight into why the Seller needs to take a lead position in commission negotiations with the realtor - after all, it's their house and money that creates the commission. If the realtor isn't offering top-dollar services, then why should they reap a top-dollar commission? Thanks for taking the time to share this, and hope you're feeling better soon.
Ahh..thank you. I am feeling better..thanks for asking. Yes, I agree with you 100%!!
I’ve just found you earlier this week, and this is only the second video I have seen from you. I have learned a few things so far. Thanks. Feel better real soon, Audra.
Ahhh...thanks so much. I am still not 100%...really appreciate your kind sentiment. Glad you're learning a few things. Happy to help.
Excellent Advice, one should be "Interviewing" for an Agent, regarding pertinent issues, questions. I did not do this in my first listing Agent, but I will adhere to your advice. Your attitude of being a "Partner" in the buying/selling process, Vs. just a participant. peace & light ~ SLV
Thank you for your comment...and I, of course, agree.
Thank you so much!
Very honest and knowledgeable information.
So nice of you! Really appreciate it.
we have had one agent so far and she said, “i will not work for less than 3%”. and she wants us to put on the contract that we will pay the buyer’s agent 3% also because she believes no buyer’s agent is going to show our property without getting paid 3% or more. Looks like we need to ask questions and absolutely take control of our listing
I agree with you
Audra, me again!! I enjoy your videos so much. I am getting ready to sell my house. Even though you are in California and I am in Florida the information you share is invaluable. You seem to hit on everything I’m wondering about.
I’ve bought and sold a couple of houses over the years, but my husband always took care of everything and I just signed. Now I’m doing this on my own. I just want to say a big THANK YOU to you. I feel more prepared than I would have had I not found your videos. Good luck with all your ventures, Robin (and yes, I will be calling REVIVE)❤
Hi Robin, you just made my day!! So glad I could help. It truly gives me joy. I know you are going to do great! Thanks so much for watching my videos!!
Excellent! Thank you. You might also add that many of the items in the closing are also negotiable. When we sold our very first home, we didn't know from nuthin' and used a real estate agent who used the highest cost closing company, the highest cost real estate lawyer for a simple legal question , a corrupt home inspector, etc. We've always heard "buyer beware", but when using a real estate agent, it should be "seller beware". Your agent is generally looking out for herself first.
Great advice, thanks Audra!
You're so welcome!
Thanks for all the tips you gave! New sub!
Thanks for the sub! So glad you are getting value out of my videos!!
Thank you Audra! I love your videos! Appreciate your time and I would definitely hire you if I were in your area. I love laughing with you!
Wow, thank you! I love that you laugh with me.Really appreciate your comment. Means a lot.
I am SOOO glad that I came across your videos as we're going to be selling our house within the next year. I've learned so much but still have much to learn before we bite the bullet. I wish you could be our listing agent!
ahhh...I am so glad I could assist. You're going to do great, I promise!!
Hello Audra thank you so much fpr these amazing videos what a great job you are doing , you are so professional honesr and hard working beautiful Lady , unfortunately im feeling so frustrated because i didn't watch this before , we jsit signed a listing agreement with a realtor agent and she sent it to our email for electronic signatures and we dont even know what we signed , we didn't talk or ask about what services she provided im feel so frustrated, i wonder if i can break this agreement or is it too late , she jait told ahe is going to take pictures of the house with her cell phone 😖😖😖😖😖
WHAT!! Cell phone pics. Oh No..I would ask to have a sit down to review what you signed and what specific services they are offering. Cell phone pics makes me nervous. If it doesn't feel right, you may ask to cancel. They don't have to...but you can ask. Even call their broker requesting better services.
Great advice, I wish I knew this earlier. Thank you
You are so very welcome!!
Thank you MS Lambert for this video. Yesterday , I had a meeting with a listing agent. She came unprepared and I was lock and loaded with knowledge from this video. First, I emailed her last Saturday asking her about what services she provide. She never read my email. She came with a paper that I could print from the internet myself telling me the estimated Market value of my property. No portfolio. Then when I started asking her my questions; she didn't even knew what staging services were (this agent is from "Venezuela"). Then she said that she wanted the "standard 6% commission because that is the Florida Law".... I was like what!!!? I told her that I knew commissions were negotiable and asked her to prove me wrong and provide me with a copy of the "Florida Law" that she was talking about. She said that she was asking 6% to provide incentive to the buyers agent . I asked her what was the incentive for she said that it was for the buyers agent to bring potential buyers. I told her that was illegal then she said if I didn't then it was going to be very hard to sale my property because there weren't going to be any buyers and I told her that sounded to me like "steering" and that also was illegal and unfair then she went on to say that, I had to compete with new constructions and that my property was already "used". I gave her my thanks and told her that I need an agent who is going to be working for me and not for the buyer or the commission. That 6% didn't included pre inspection she said that was done by the buyer. BTW she also asked me what I thought my property was worth and I told her that I wasn't going to answer that question without having it appressed. She did said that she was willing to charge 5%. Needless to say, I am not going to call her again.
Oh wow...that sounds absolutely terrible. I am so sorry to hear that. It's Florida law for 6% commission...that's the biggest crock of poo poo I have heard in a long time. Next! If you are interested in selling, we can refer you agents that we screen. Just fill out the link below. No pressure either way...but please interview at least 3 agents before you select one. Best of luck...and thanks so much for sharing! lambert.homes/referral
I got boycotted and blackballed over commission. How do agents have such power? Where I used to live it was always 4%...never knew anyone charged more. Until I tried to sell his house..... I did it at 4% and agents refused to show my house.... THey'll only work for 5-6% commission and won't show houses with less.
They got sued in America for doing this and they're still doing it in Canada. It's sad when agents put money and deter their clients from a great home...
How did agents get so much power that they can actually succeed in doing that? (ps I was only moving because my son was bullied and beat up at this school. I was clear about that too. Now he's stuck......)
Thank you great video and your honesty, reality
Ahhh...thanks so much!!
Once I send out the email to 3 listing agents would the next step be to follow up on a call or set up a meeting? I've learned so much in this video alone and now I'm binge watching☺
Yes, absolutely! Give them a call too to set up meeting if they haven't already responded to your email. Sometimes. emails go into spam folders. So glad you are getting value out of my videos. Have fun binge watching.
Your advice is spot on, successful agents offer this, great business plan
Well thank you so much. I am just trying to help. I really think there is a need out there. The stories I have been told are unbelievable. Thanks for your support.
Thank you, saving this ❤️
Oh good...so happy I could help!!
Keep it Real!!! Love your candor you rock
Thank you ❤
Wow...thanks so much. Really appreciate it.
I love the way you get right to it, no bs,take right off with the valuable information.
Thank you!
Ahhh..thanks so much!! Appreciate your comment. Means a lot.
Great information! I was a Realtor for many years and this is spot on!
Ahh..thanks so much for commenting. Appreciate the vote of confidence.
Great info!
So glad you think so! Thanks so much for watching!!
Very beneficial. You are such a professional.
Ahhh..thanks so much!!
Audra, when we make an inquiry for realtor does our information get passed on? I’m going to be ready for market in a couple months but I’m not ready to get calls. I’d like to research who to contact without being contacted. 😂 We had a major rehab as we had to have foundation replaced and I’m trying to figure out just how much I need to do to get it on the market. Your video on what to update and what to leave alone has really got me thinking.
@@cbrisalchemist6887 Hello there!! Appreciate your comment. I understand your position. If you want to email me your request at audra@lambertgrouphomes.com we can send you a few agents that you can interview in your area. We will not share your information with other realtors if you request we do not. Just need to know a specific area. Good luck with all your rehab work.
Thanks, good info. my prior RE agent ask me to pay for my own 30 photos $250., no Video was done asked 5% commission 3 months listing.
Oh! This is just awful!! I am so sorry! Rip off!
Great advice! Love your personality!
Thank you so much!! Ahh...really appreciate your compliment. Means a lot to me.
Great video Audra! I wish you are in my area.
Ahhh...thank you. I wish you were in my area too:)
The info you are giving is great. Unfortunately, this home that will eventually be up for sale is stuck in a Living Trust. My brother & sister in law already have this Realtor coming here & claim that they trust him. This guy told them if it’s an older home he did not need to even come inside the home but can appraise it from the outside? We are being strong armed into an informational meeting with this guy. They like him cuz he sends them yearly Birthday cards. I can hardly believe it! While a few of us think: The only thing Realtors are interested in is their 2 %. It really sounds like this Realtor will not do anything for us but a quick sale.
There is something about you that speaks to honesty and a genuine nature. You just can't hide that. I live on the other side of the country and I don't see myself buying a house in Orange County any time soon, but you absolutely have a ton of good, important advice that is applicable anywhere.
Well, thank you kindly. I really am touched by your kind comment. It really means so much to me. I am just trying to help people out. Most don't know the "stuff" I am talking about. Thanks for your support.
Im straight up and down to the point asap. My time is valuable and i don't want to play ANY type of games.
Hi Audra, thank you so much for the excellent information provided. I have watched many of your videos and appreciate learning about the selling and buying process. You are a super educator!
I’m a new agent! And I approve of this message!!
Audra! Congratulations! You're providing the world a great service by offering the kind of insight only a veteran realtor can -- your experience linked with your magnanimity is so commendable, and basically unheard of! Thank you!
I wish you were in our area as I would jump at the opportunity to work with you on my next RE transaction. I know that's impossible, but I will certainly turn to you for a referral. Thank you for your honesty, candidness and for being emphatic about things you insist we keep in mind when doing a deal either as a seller or buyer. Wishing you continued success and again, thank you for all you do to help protect clients.
Well...thank you so very much!! Your kind words touches my heart. I wish you were in my area too..I'd love to meet you!! Glad you are getting value out of my videos. Appreciate you!
Likewise, it would be so fun to meet! Next time I'm in SoCal I'll reach out! Thank you again for the notes on interviewing a potential realtor -- everyone needs to be aware of this. And with the NAR being sued for propping up commissions, it's even more important to know how to negotiate costs/charges! Your videos should be mandatory viewing for anyone selling a property! Audra Lambert, you're the best! Stay well!
I am a broker and I think exactly like you. Perfect on commissions.
Thank you for your comment. Great minds think a like. Appreciate that you agree with me on the commissions. You sound like a great broker. Thanks for commenting and watching my videos.
Now, How, can anyone fault questioning the Bottom Line, Upfront!!??
Excellent Relevant List: Pre list, Appraisal, Show vs Lockbox, commissions questions FIRST!
Ahhh...thanks...so glad it was helpful!!! Appreciate your comment.
What about asking a real estate agent about the commission split? How much of the commission do they get and how much goes to the brokerage firm? Here in Colorado, I've heard that the brokerage firm can take a pretty hefty chuck of the commission. Can you address this?
Some brokerage firms take 1/3 of the commission, but some have a flat fee of $500 that comes out of the agent's commission in Utah.
Hi Audra, when listing for a friend on a property in a 55+ community valued at only about $150k, with 30 other units for sale at the same time, how many services would you provide and how much commission would you charge? Average time on market in this community is 6 months.
You go girl!! New subscriber and you scare me to death….only if you are the realtor for the seller and I am the buyer. You have convinced me to LISTEN to you. Very naive in trying to negotiate with a professional. It is happening soon and I am studying right beside you. Thank you for being so transparent in sharing😜‼️
Audra - you are amazing! I’ve been in sales myself for a very long time, and it’s great to see ‘how things work” on the real estate side - and also things to watch out for + negotiate with listing agents. Kudos!
Audra, you're a great agent, the only one problem: you're not in Canada.
Thanks for your honesty.
I interviewed an agent that said even though he charges 6%, 3 percent going to the buyer's agent and even when the lawsuit is approved, he'll still charge 6%. So that'll mean when I buy a house, I'll have to pay the buyer's agent under this new lawsuit in addition to the 6% to sell my home.
Great video! I really appreciate the information
You are so very welcome...thanks for watching my video! Appreciate it.
I wish you were in Michigan!!!! You seem like you would be absolutely ruthless during negotiations and procedures.
I’ve been in my 104 year old craftsman bungalow for just over a year and have a ton of regrets(HVAC, undisclosed foundation issues, just the fact that it came with 104 year old problems…..first time home buyer 😔)Can you do a video on how long you should stay in a house before selling?
Audra, my wife and I love your videos. As sellers, we just realized our current realtor does not use printed leaflets. For the previous home we sold in 2012, the realtor made a beautiful full color multi page flyer. Has this practice gone out favor? Thanks in advance.
Thank you, very informative 😊
You are very very welcome! Happy to help.
Love your honesty stay blessed❤
Thank you so much...means the world to me. Have a blessed day!!
@@AudraLambert 🥰
@@fatimabeenish2717 Ahh..thanks
So much information...for free!! I can't say how much I appreciate you as a resourse right now!
I like You / Honest and Very Good Information
Ahh..thats so nice. Happy you got some value out of watching my video. Means a lot.
My son negotiated his commission. He was both buying and selling, and got a reduction on the selling side. They weren't particularly happy about it. It helps that my son's job is related to buying and selling companies and hiring the associated service companies (such as lawyers and lenders), so he has a lot of experience with price negotiation. Most people don't have experience with large transactions, perhaps only with buying cars, and aren't comfortable with that process either.
I'm not sure how your referral company works, but they could be helpful in negotiationing commissions with the Realtor. If they were paid by the potential customer instead of the Realtor, they would be better able to do that. But, always remember that if you aren't paying for a service, you are the product, and not the customer.
Thanks so much for sharing. Good for your son!! You are the one responsible for negotiating the commission on the buy and sell side of the transaction. We just help find reputable agents in various areas. Its a good skill to learn: Negotiating for yourself. A lot of people don't think about it. Appreciate your comment.
Let's say it is all written in the contract, but those things don't end up happening. What can a seller do about it?
Thanks Audra!
Can you ask for a tiered commission? Sell it in the first month you get more, 2-4 months less. .???
That's excellent advice! Does the new NAR settlement allow for tiered commissions based on final sales price or days on market?
totally hate lock box!
Amen sister!
Can the seller and family be in the house during showings?
you are great like teaching the more I taught the better I became so I deserved the raises in the end I made twice as much as a beginning person,,,
What do u think is reasonable commission to agree to with agent selling house around 900000 or so in NJ?
Wish I watch your video before my husband signed contract with a realtor agent at 6% is their commission fees on a 6 months contract to sell our country house. Then only thing she covered is the pictures had a photographer to take pictures, and she talked us into putting the lock box on the door since we we are in the city most of the time, is an eye sore. I think she's the only realtor agent remax in that area, so is 2 hr's away from the city where our main home is. Now I'm hoping she doesn't sell during the 6 months and will seek your help to find us a better agency to help sell our house, thankfully we're not in a desperate position where we need to sell asap. But if she managed to sell at a the asking price within the 6 months then it won't be too bad.
You can fire a realtor at any time! I've fired many realtors because they weren't doing their job.
Aren't a lot of the things that you would include in a listing fixed costs? In that it would eat into more of the margin for a lower priced house? What is a minimum house price with a 5% commission that you would expect: an inspection, pro photos, drone photos, staging, etc...
In my area, $700k property is usually the entry point. If you take $700K x 5% = $35,000. THAT IS A LOT OF MONEY. Real estate agents have their annual MLS dues , E&O insurance, and whatever their commission splits are with their broker. I work for a fee based broker where I pay a monthly fee for joining. This keeps my overhead lower and my broker doesn't get compensated out of my commission. With those extra savings I am able to provide a better service/offerings to my clients (staging, appraisals, etc). Most agents are giving a huge amount of their commission to their broker. No idea why anyone would do that. I work for Realty One Group. Great company. Hope that helps.
I appreciate your candor😊❤️I’m a newer agent and I agree with you, I shouldn’t be paid the same as you with your experience. But I’m on my way🥳🎉👍and i”m ok with that. Thank you, your an inspiration !!!
Wow..you are very humble. You will be farther than most in a few years. Good for you...and thank you.
THANK YOU!
You're welcome! So glad you got some value.
Audra, I had some folks leave our back door WIDE OPEN in the middle of summer, A/C cranked in Phoenix after a lockbox showing. #NeverAgain
Ugh...I hate to hear this...drives me crazy!!!
Wow! Audra what a revelation. I believed that the Real Estate Agents commission was set on stone and it was nothing to ask or argue about. They sure oversell their services and kind of intimidate you to believe that they are doing you a favor in selling your property. I know better now, Thank you.
You are so very welcome. So glad I could help. I promise, commissions are negotiable.
how does a seller deal with additions to the home/property when permits were not pulled at the time of construction but find they need to sell the home years later after construction ..?
what can happen..?
can buyers agents cause problems for the seller if permits weren't pulled..?
we thought this was our forever home only to find out decade later now we need to move.
afraid to ask about this subject.
Believe it or not, people do their own additions/upgrades without permits all the time (not recommending this, of course). As a seller, you would need to disclose the un-permitted additions/upgrades. Make sure the buyer is aware...let them do their own investigations as to whether or not they are comfortable with the construction/building materials etc. Where it can become a problem is if the addition or un-permitted upgrade is a hazard or not safe for people to be around. If it is unsafe, someone might report you to the city. I have sold several homes with un-permitted additions. Just disclose everything you know. You should be fine:) Best of luck to you.
It's all good until the town finds out and comes after you for back taxes because your property value wasn't assessed properly. Then they add fines on top of that. Vultures
Hi Audra, I understand the importance of good photos and drone footage, but it seems they tend to not show general "blemishes" as much. In other words , making the property look better than it actually is. Can this be a negative when showing a property ? Your thoughts please.
Well, in my opinion you should market your home in its best light. Those blemishes should be taken care of before putting the house on the market. Buyers will notice those blemishes and be disappointed....and probably not make an offer. The key here is make your house shine in person...pictures should be a fair representation of how the property shows. Just my opinion.
As an agent, 1-1.5% to the Buyers agent seems fair. Especially, at these high prices.
Well, I do think it depends on the price point. There are some buyer's agents out there that have been working with their clients for over a year or more. You are not paying a buyer's agent for their time...but rather their knowledge. Find a good one is what I say.
Thank you so much
You are so welcome...glad I could help.
Excellent input and makes complete sense Audra and I agree we shouldn't have to reduce our commissions if we do all this for our sellers. I love going the extra mile for my sellers and will definitely start adding some of the tips you suggested here for my sellers. The pre-home inspection is the best idea I believe because in the long run it will only help with the closing. Thanks again for your hard work on these videos! And I am not going to tell any of my realtor friends about you because it gives me an advantage over them lol :)
You are awesome.
Thank you so much. I was having a tough day..you just made it better!!
You referred me to this and I agree. But realtors definitely shadow-ban you when you list through a broker that doesn't play by the rules.
Well, the good news, buyer are the ones that we are working with now. Not so much realtors now-a-days. Who cares about the realtors shadow-banning you...they aren't the ones making the appointment..watch this one: th-cam.com/video/CvCTHPGaObM/w-d-xo.htmlsi=9i4gpzoWJlIT6sqi. Thanks for your comment.
@@AudraLambert Well, if I put my house (my home is not for sale) on MLS, and there's an organized (or defacto) boycott of my listing because it has the wrong commission structure, that's a problem. I applaud those who fight this, but we need to be cognizant of the obstacles.
@@gordonv.cormack3216 I really don't think you realize how little power agents have over directing their buyers to properties. Have open houses and let the buyers make their own decision. It happens everyday. Its a big shift in our industry. If you aren't getting traffic on your home, its probably priced too high. Just saying.
@@AudraLambert I do understand. I wanted to see a discount listiing, and when a realtor refused, I contacted the listing agent. He showed me that and other properties, and when I did buy through him, he gave me part of his commission. However, as a seller, you will potentially miss some buyers who stick with "their" agents. It is possible in Canada to bypass exhorbitant commissions only because anti-trust rulings forced MLS to make their listings visible to the public, and to accept listings from the public. What's current US law?
@@gordonv.cormack3216 Hello there, in my area the buyers are now just going direct to the Open Houses and/or making appointments directly with the listing agent. They bring their buyer in to write up an offer. Its not as big of a deal to bypass the agent.
I always thought is was 6%... 1.5% each for seller agent, seller agent company, buyer agent, buyer agent company. You look super cute in that outfit with that hair style! So professional looking! I want to buy a new house now just so I can hire you. Do you cover North West Arkansas metro area....aka XNA airport code aka Walmartville?
Hello Sgt. Joe!! Love your commentary. I live in California. I am not licensed in North West Arkansas. There are no set commissions...no going rates...people need to know they can negotiate. Happy President's Day Joe!
@@AudraLambert Thanks!
A crap load of money? As someone who is seriously considering a move into becoming a realtor I’m shocked by how low projected commissions would be in my market. I do have extensive insight/connections with home builders on the business side but most of the properties in my general area fall into the 100-200 range. Do you have any suggestions on how to approach this price range while still providing value as an agent to future clients?
I love the presentation
I would like to know the good agents in Phoenix, or west Phoenix, Sun City, is best.
Thanks, love your show.
I m curious: What is your commission. I live in Smithtown NY looking for a listing agent.
Commission in my area is between 2% to 2.5%, is that too high?
Thank you! I almost signed a contract with a broker last night but thankfully, I read contracts before signing. The commission came to 23.2%!!! Called another agent this morning and voila! your video. Thanks!!!!!!
Holy Smokes...that is just criminal. Soo happy I could help!! Go find yourself a great agent.
@@AudraLambert thank you. I surely will.
We had an agent tell us he use to have his buyer always lowball the seller and it stopped working because houses were selling so fast. He said he had to come up with a new strategy. He came to our house as a possible listing agent in2017. He wanted to list our home for $445K. We listed with someone else for 575K. We had 9 showings in 9 days with three offers. His new strategy must’ve been getting unknowledgeable sellers to sell their homes low to get his commission. We lived in Salem, Oregon.
That is an agent spinning on a hamster wheel…and getting no where fast! Lowball offers went out before the pandemic because houses (or in our area) were selling within hours and at 10 to 20 thousand more than asking and no contingencies. It was scary to be an agent during that time; you literally sat in your car writing the offer and walking it up to the agent to be told you were the 15th (or more) offer submitted and it wasn’t even an hour or so after showings started.
Ugh...I hate hearing stories like this one. Congratulations for a successful sale and am glad you found a better agent. Well done!
I really like your teaching 😂
An agent I’m talking to now is telling me she charges 5 percent commission and it’s not usually negotiable but she said we’d talk. She wants me to sign an agreement this week. I think I’ll look at your recommended agents. Thank you for making this video! All your videos are very informative!
So glad you are getting value from my videos. I would make sure you know what you're getting for 5%...thats a lot of money..they better be giving you a lot of value. I would still interview 2 other agents. Thanks for watching my videos.
@@AudraLambert Thank you, Audra.
@@AudraLambert I know she doesn’t have a stager or professional photographer.
@@CatsAreNiceMeow UGh...not a fan of that.
@@CatsAreNiceMeow Yes, of course, my pleasure.
Hi I have a question. For staging and photography are the agents supposed to pay for those services or do they add on commission to pay for those services?
Really love your content! I’ve watched so many of your videos and learned a lot. Question- what do you think of seller offering less than 3% for the buy side commission? In my area it seems like houses that offer a lower commission to the buyers agent get less traffic and take longer to sell, even if it’s something like 2.5%. For reference, I’m in Texas looking to sell a home around $500k.
Well, I'll be honest, in my area the buyer's agent does not direct the buyer as to what homes to look at or purchase. The buyers are finding their own properties on line then bringing their agent in to view the property and write the contract after the fact. I am primarily a listing agent. I hold open houses for this very reason. I want buyers to find my property on line, fall in love with it, then bring in their agent to write the offer. I think the best way to attract a buyer isn't through the buyer's commission, its the price of the home and the condition and location it is situated. I would rather you list your house for less then pay a buyer's agent more commission...doesn't work anyway. Prepare your house for sale, tidy it up, and set a fair price...you will sell it.
@@AudraLambert Thanks! Agree completely with your perspective and advice. I’ve always found houses myself and connected with an agent to write the offer. Keep up the great work with your videos!
@@dianebrooks629 Ahh..thanks for your comment. Means a lot.
How long are your listing contracts?
I’m not buying or selling but I’m new subscriber. Question though. What is AS IS and No inspection needed but welcome.
Great question! AS IS means the seller is selling the house with no repairs and/or credits. The seller is not granting any repair request. No inspection needed means the seller is confident that the house is in great condition and doesn't need an inspection but you as the buyer are welcome to complete one. Hope that helps.
@@AudraLambert I just like looking at all the new stuff in houses. Came across yours liked your laugh so subscribed. Thanks though
@@Oakleyracer Cracking up...love it.
Hi Audra- Learn so much watching your videos. Question: should I sell my house through HUD process? I am not sure if you are familiar with it. What are the pros and cons? More power.
Hello there! I am not very familiar with selling a house through the HUD process. I have never sold a house through the HUD process, to be honest. I do believe each state has their own process/qualification I would first contact your lender to find out first if the house qualifies. Wish I could be of more help. Its just not an area I specialize.
Hi again Audra, I called my lender and got the answer I needed. My other question is … 😃 what is your opinion on selling my house directly with the buyer (my neighbor) who also knows real estate. Will I be pocketing more money in this process, get a low ball deal or I should hire my own agent to be protected during selling? Please advise. I learned so much from your videos just when I needed it. You are much appreciated.
What do you think is a reasonable commission rate a seller should pay for $1.8 million property? Houses are selling within two weeks of listing. I live in Silicon Valley, and there are multiple offers with $200K - $400K over listing price
I pay for home inspections, staging, appraisals, termite report, not to mention my extensive knowledge and negotiating skills... I would charge 2-2.25% for my listing fee...it really depends on the cost of staging.9
@@AudraLambert the agent quoted $4000
Subscribed,,,best real estate videos on YT imho wish you were in Minneapolis
Oh wow!! Thank you so much! Thanks for watching in Minneapolis. !!
Another great video. Thx.
Glad you enjoyed it