Austin TX Real Estate - Hill Country Austin Lakeway Homes for Sale: Thanks, Active Rain, 8% Listing!!

Thanks, Active Rain, 8% Listing!!

I received a call a couple of weeks ago from a home owner asking for a listing appointment.  Her home is currently listed on the market, and she's in a city further north than what I usually take listings in, so I asked her how she found me... THANK YOU ACTIVE RAIN!

I also asked her if she thought the house hadn't sold because of the agent, or because of the house.  She asked what I meant about it being the house's fault.  I asked some leading questions, and it looks like it is partially the house's fault for it not selling, not necessarily the agent's fault... but, the agent is a part time agent, and probably not living up to "my" potential of an agent to do everything to get the house sold.  Apparently, she put a sign in the yard, lock box on the door, listed it in the MLS, printed up 100 flyers to give the sellers, and did an open house...  it's been almost 4 months... there is plenty more to do, so I also fault the agent.

For SaleAnyway, I met with them last night and things went really well.  I told them I couldn't talk with them in specifics when it came down to price since they were already listed and I can't give advice and opinions while under representation.  They understood, but they also knew the numbers since they had another agent come a couple of days earlier.  I bypassed my opinion of sales price, and hit on another point of marketing, which is to help the sellers compete with the builder in their neighborhood and offer the buyer's agent 4% to help them look past a couple of the negatives about the house and actually show it to buyers.  I explained that I would still receive 3%...  They thought that was a great idea.

I received a call today from Mrs. Seller:  "My husband and I were talking after you left and we really liked your idea about offering more to the buyer's agent.  However, we were wondering if you would like 4% also?"

Me: "NOMoney, of course not!!  I'll work for much less!!"  (j/k)

Mrs. Seller:  "We feel that if we offered you extra, you would work even harder to sell the house.  We also feel that if it doesn't sell in 60 days, then we could drop your commission back to your 3%.  What do you think?"

Me: "Ummm, I don't understand... I don't usually accept that much money for doing such an awesome job for my sellers..."  (j/k)

What do you think I said??  I was driving when she called, so I told her to email me so I could email her a new disclosure form, as the previous one is no good, and also so I could email her a revised listing agreement showing 8%, with 4% to each side...  Her listing expires Jan 31, and I'll list it Feb 1, if they complete all my staging advice before then.  We're meeting Thursday at 2pm to stage the house.

I don't know how many more times I could thank ActiveRain for new business since it's happening regularly, but I don't think thanking AR each time for the first year is too much... and I have this as a public post so people out on the internet can see that blogging definitely makes a difference in our lives and business... THANKS AGAIN, ACTIVE RAIN!!

Comment balloon 22 commentsDonna Harris • January 23 2007 02:43PM

Comments

Hi Donna How have you been, I am glad to hear AR is working for you, I quess blogging does help
Posted by Daniel Lowery, e-PRO, Broker - Owner (1st Choice Real Estate) over 11 years ago

Atta girl, you deserve the extra 1% if the buyer's agent gets that much.

 

Posted by Jim Lee, Portsmouth NH Realtor, Portsmouth, NH (RE/MAX Shoreline) over 11 years ago

Hi Donna,

Well, since you are the person who brought us to AR - we have to say that we're really happy for you and now maybe you can give us your secret too!  :)  Great job!  You deserve it - I know you work your behind off!

Lisa

Posted by Robert and Lisa Hammerstein -201-315-8618, Bergen County NJ Real Estate (Keller Williams Valley Realty) over 11 years ago

Daniel- Yes, AR has been great for my business... many buyers and a few sellers have contacted me through my profile.

Jim- Thanks!

Lisa- No real secret... I just blog what I feel, and I try to relate it in some way to Dallas or Texas so I can put at least one of those terms as a keyword so it is filtered when people do searches.  And, yes, my behind has fallen off as my favorite jeans are very baggy!!

Posted by Donna Harris, Realtor,Mediator,Ombudsman,Property Tax Arbitrator (Donna Homes, powered by JPAR - TexasRealEstateMediationServices.com) over 11 years ago
Good for you - good story and seems like excellent sellers!
Posted by Jarrett Hunter, Sales Representative (Royal LePage) over 11 years ago

Nice success story!  Thank you for sharing that!!

 

Posted by Art Hotes, CNE, e-PRO (Transaction Realty) over 11 years ago
We love hearing these kind of success stories about AR!  Congratulations, and good luck getting that one sold in the first 60 days!
Posted by Jim & Maria Hart, Charleston, SC Real Estate (Brand Name Real Estate) over 11 years ago
Donna, congrats!  I have been on FIRE as well.  Some of the fire or flames is due to Active Rain as well.  Go Donna!!!
Posted by Nima Rezvan, First Time Home Buyer Expert - CT FHA Loans - FHA 203k - CT Mortgage (Nima Rezvan Prospect Mortgage NMLS#110681) over 11 years ago
Congrats Donna, glad AR is helping your business.
Posted by Matt Heaton (Timu Corp - CEO, ActiveRain - Co-founder) over 11 years ago

Our market is picking up, and I've been VERY busy this year thus far, so I can actually imagine selling the house in 60 days!!

Thanks for the encouraging words!

Posted by Donna Harris, Realtor,Mediator,Ombudsman,Property Tax Arbitrator (Donna Homes, powered by JPAR - TexasRealEstateMediationServices.com) over 11 years ago

Donna, grreat job.  Can you send some of those sellers this way!  What a great story.  Good luck in getting their home sold fast.  I love seeing great agents work with great people!

 

Kay Van Kampen TeamKay Van Kampen

Posted by Kay Van Kampen, Realtor®, Springfield Mo Real Estate (RE/MAX Broker, RE/MAX Solutions) over 11 years ago

Donna -
ActiveRain may have brought you the prospect, but it was your knowledge and expertise and personality that won the listing.  Teamwork!!

 

Posted by Sharon Simms, St. Petersburg FL - CRS CIPS CLHMS RSPS (Coastal Properties Group International - Christie's International) over 11 years ago

Wow, woman...that is terriffic!!!!!

I am waiting for my ship(s) to come in.......hehehehehe

=-D

Posted by Alexander Harb, Dallas, Texas Real Estate Investing (Knights Investing) over 11 years ago
Donna, great job. You deserve that extra commission. Good luck selling.
Posted by Karen Villa Schweinfurth, ABR, CRS, SRES, CyberStar (RE/MAX Northwest Realtors, Inc. 425-308-3669) over 11 years ago
Great story Donna, please keep us posted in February on showings and feedback.  I'd love to see how much quicker you get the job done!
Posted by Rick Beal (Coldwell Banker Residential Brokerage) over 11 years ago

Awesome Donna!!!

 

Now I need to get some referrals from activerain!

 

just FYI, I don't think we can discuss commissions on here like you brought up above....I would say xx% higher then what I normally charge, not a specific %..

 

 

Posted by Craig Bartels (The Indy Realty Shop) over 11 years ago
Congradulations!
Posted by Danny Smith (DISCOVER TEXAS HOMES) over 11 years ago

Donna,

Thanks for the post. The testimonials go a long way to supporting the ActiveRain and its members.

Posted by William Collins, Director of Property and Asset Management (ERA Queen City Realty) over 11 years ago

Again, thank you to all.  I'll definitely update the post once it's listed and showings start to roll in.

Craig,  commissions are "allowed" to be mentioned because there is no mention about how they should be standard and across the board, and broker's aren't working together to make sure commissions are set. Mentioning commissions is not wrong.  I don't have a standard commission.  I have a commission that I would love to receive from each seller, as I have bills to pay too, but it doesn't always work out that way.

Posted by Donna Harris, Realtor,Mediator,Ombudsman,Property Tax Arbitrator (Donna Homes, powered by JPAR - TexasRealEstateMediationServices.com) over 11 years ago

I get different answers I guess from different people.  I just had our 16 hours of class time here in Indiana a month or so ago and he said we weren't allowed to, but he could be wrong.  He mentioned a court case in Indiana regarding two brokers that had mentioned a commission while eating dinner, just about what they charge(they worked for different real estate companies).  Someone at another table was in the real estate industry, or some type of watch dog. They got sued!  I may be missing the boat here, but that was what I thought I heard in class...

I think what others and the teacher at class had mentioned was discussing with other agents a commision could be considered "collusion"...

Now if you are at your office in a meeting discussing what a minimum standard is for an office, than I believe that is fine to do... 

Here is one post that this was discussed a little bit recently..

 

http://activerain.com/blogsview/32350/-You-get-what 

 

Cheers!

 

Craig

 

 

 

Posted by Craig Bartels (The Indy Realty Shop) over 11 years ago

Donna,

Congratulations!  Hopefully you'll see plenty more where that came from in the future.  Let it rain, let it rain, let it rain!

Lucky :)

Posted by Lucky Lang, SRES, Davenport, Iowa Real Estate (Mel Foster Co.) over 11 years ago
I am REALLY CONFUSED.  What state do you practice real estate in??  In one paragraph you mention the care taken to NOT disclose fees, etc., and yet, by the end of the paragraph, you've implied some kind of number.  While I'm not at ALL averse to agents aggressively approaching expired listings, I'm wondering what on earth you were having a conversation with a LISTED PROPERTY for.  Maybe I'm an idiot, but isn't that a bit...UNETHICAL to the listing agent (whatever the weakness may be)...JUST CURIOUS.  I could be way behind the times...
Posted by Laurie Mindnich over 11 years ago

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