Exclusionary clause: If the Realtor does their job and sells the house before the investors (or by owner), then they will get a full commission plus usually we pay a nice bonus. If they don’t they aren’t out anything because they still get “bought out”. Usually most Realtors don’t do much marketing anyhow. Now, I know this isn’t all Realtors, but most. Plus, when they do they get maybe a few to a dozen or so to a open house… that’s not very good and mostly it’s just the neighbors.

Repercussions: Every closing is handled at a title company in our State Texas and everywhere else we use a title company or attorney… whatever is customary. Every by owner should do the same. So, just like when a Realtor closes a deal they use a title company or attorney so do we. Nothing different there. So, if Realtors don’t have any problems, then neither will an investor or by owner.

Cutting cost: It’s not just about cutting cost, it’s about speed also. Not only do Realtors take a long time to sell, but they aren’t getting full price and if they do most of the time they have to hold out for a long time to get anywhere near full price. Once again… I am talking about the norm, not the exception. Most of our houses are sold in a 7 day event. It only takes us 7 days to sell most of our houses, I don’t know of any Realtor that can say that mainly because they don’t do enough marketing and focusing on one house at a time. Nor do they use creative real estate marketing techniques to bring visitors to the house. Our last open house had 93 people in two days. We opened up the house on a Sat from 12-5 and again on Sunday at the same times. I have never heard of a realtor getting anywhere near these numbers have you?

Don’t get me wrong I love Realtors. One of my really good friends is a Realtor and we have discovered a number of ways to work together so we do.

Although this can work, have you thought about the repercussions for the seller or are you advocating that the agent draw up the documents and perform negotiations in return for their ‘buyout’?

If not, my question is: Who or what is going to prtect the seller when things go wrong? And who sees this deal through Escrow, orders ‘Hazard’, removes Contingencies and clears Title?

I quite understand that every penny counts, but selling without a REALTOR(R) can cost the seller far more than he appears to be saving! Add to this that REALTORS(R) are currently getting MORE THAN LIST PRICE at this time!

What is the cost of 5 years of litigation and the loss of the sale, again?

–
Althea Garner
REALTOR (R) MBA, MCI, e-Pro
Exit Beach Cities Realty
Your House Of Homes Online
DRE 01516817
(714) 264-3458

Search over 50,000 listings at my web site:
http://www.HouseOfHomesOnline.com

Women’s Council of REALTORS(R):
Treasurer – 2008 (Coastal-West)
Webmaster – 2009 (Long Beach)
Editor – 2009 (Long Beach)
Education Chair – 2009 (South County)
Education Committee – 2009 (California State)

Orange County Association of REALTORS(R):
Education Vice Chair – 2009