If Only You'd Ask Nicely - The Award Goes To Mutual Respect

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Education & Training with Get-Your-Best-Mortgage-Rate.com

We dropped our price. Now it's time for our agent to do her part and drop her fee.

The sellers featured on HGTV were in a tight spot. They just refinanced to overly upgrade a house in relation to its neighborhood and need to sell. The real estate agent has a frank talk about price. However sellers decide to price higher.

No offers follow. Frustrated sellers. Lack of home buyers. And then... The homeowners drop their price.

None of this story is unusual yet what follows catches my ear. The husband announces, "We dropped our price. Now it's time for our agent to do her part and drop her fee. "

Really?

Is it a given that an agent who never owned the house, had no say in its past refinancing, should automatically agree to less commission since the seller is running low on equity?

It's frustrating being a seller. Emotions fly higher than a kite. Spending 5 or 6% in equity to sell a house when the family home will barely break even to cover expenses is rough rough rough.

Today I see a dedicated group of Realtors taking care of homeowners in an economy rivaling the great depression. So all I could think to myself is, "If only you'd just asked nicely."

Now I am not debating whether real estate agents should or shouldn't lower commissions for distressed sellers. I am just observing that during times of stress, showing respect in our communication is just as important as in good times.

My heart goes out to sellers caught in a painful real estate market. I admire the sacrifice of real estate agents who continue nurturing home buyers and sellers.  Super duper kudos to both sellers and real estate agents able to work within the present confines, showing mutual respect.

Your Friend, Kate Ford

Get Your Best Mortgage Rate

 

 

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Rainmaker
1,172,495
Steven L. Smith
Bellingham WA Home Inspector
King of the House Home Inspection, Inc

Mrs Kate,

Nutsy is not looking fuzzy. Take it backs.

Wheat

September 17, 2010 11:07 AM
Rainmaker
1,168,340
Jay Markanich
Home Inspector - servicing all Northern Virginia
Jay Markanich Real Estate Inspections, LLC

Since I had nothing to do with this transaction, I think the agent should give ME part of the fee.

Oh, and I am entitled to her blog points.

And yours...

September 18, 2010 11:11 AM
Rainmaker
162,395
Kate Ford
Ask Kate a mortgage question...
Get-Your-Best-Mortgage-Rate.com

Jay, are you suffering from entitlement mentality today?

September 18, 2010 01:07 PM
Rainmaker
1,168,340
Jay Markanich
Home Inspector - servicing all Northern Virginia
Jay Markanich Real Estate Inspections, LLC

Don't you remember my post?

http://activerain.com/blogsview/1663459/i-am-entitled-to-your-blog-points

September 18, 2010 01:48 PM
Rainmaker
162,395
Kate Ford
Ask Kate a mortgage question...
Get-Your-Best-Mortgage-Rate.com

Jayonomics, I knew that was what you meant but I'd missed your hilarious post.  Thanks! Katonomics/Nananomics

September 18, 2010 01:55 PM
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Rainmaker
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Kate Ford

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Additional Information

Kate Ford's blog at Active Rain Real Estate Network.