Browse Forums Real Estate 1 Jun 07, 2010 3:30 pm We have had 2 Saturday opens and one weekday afternoon, with a total of 13 parties coming through for a look. We have so far accumulated $3.5k in advertising and marketing fees. Two offers, one of them being about $60k less than what we're wanting, the other $50k We go to auction in a couple of weeks and I am waiting (patiently) for the auction to fall on it's behind. So far we have had contact with out agent 4 times, and it's getting to the point where all we cop is attitude. When my DH told her last week that we don't need to sell and that we can sit on our block for 2 years and not do anything her response was "well, in two years time it will cost you more to build a house so you might as well sell now" I honestly don't believe they know how to "sell" a house, maybe the market has been to easy in the last couple of years with low rates and no stock to sell, hence everything being snapped up. Looking at our home, our area, and amenities our reserve is absolutely realistic, I guess we just have't had the "right" person come through. 3 weeks ago a house directly across the road from us sold for $50k above our reserve (which we have not told the agent what it is yet), it does have a renovated kitchen and bathroom but we also have a rumpus and larger block, we figured why do up the kitchen, if people want it done they can have it done the way they want... I want to switch agents, i'm sick of their lazy, non caring, all for themselves attitude, but we have to ride out the auction first. Every person I speak to about it says "wrong agent, should have gone with *****" Also worried it could damage us by changing agents? Any advice, i'm done with this crap..... Re: Our agent = not good :( 2Jun 07, 2010 4:51 pm Agents... I hear your pain. But a couple of points. The market is cooling off. Clearance rates in melbourne were in the 80+% range and now in the 70+%. There are more properties on the market so there's more choice for buyers. I assume the same thing is happening in other states. Second thing - condition of the place is crucial. Nothing worse than walking through a house and seeing an old kitchen or bathroom needing to be renovated. Everyone has a calculator in their head. Re: Our agent = not good :( 3Jun 07, 2010 5:01 pm I honestly don't think that any prospective buyers would be put off by you changing agents. The bottom line is if you don't get along with somebody and they're not doing what you want them to then change......that's just my two cents Re: Our agent = not good :( 4Jun 08, 2010 8:55 am d@n Agents... I hear your pain. But a couple of points. The market is cooling off. Clearance rates in melbourne were in the 80+% range and now in the 70+%. There are more properties on the market so there's more choice for buyers. I assume the same thing is happening in other states. Second thing - condition of the place is crucial. Nothing worse than walking through a house and seeing an old kitchen or bathroom needing to be renovated. Everyone has a calculator in their head. Absolutely, I totally get you about the condition of the house, we were interested in renovating and the agent said not to bother, kitchen is in full working order, just not brand new (same as bathroom), in saying that you're looking at $20-$30k less in asking price and the agent has marketed nearly $100k less than neighbouring properties. I know the market is slowing, in saying that it has not stopped yet. My DH ended up ringing her and teeing off at her with a few points we have and she had no response, a lot of mumbling and fumbling for words and not much else, a meeting with her tonight, and 30 days after the auction falls on it's butt to have to stay with them. Re: Our agent = not good :( 5Jun 26, 2010 10:07 am Hi Building 1, depending on what state you are in, there is a specific time frame for the exclusive agency agreement for the agent to sell your house. in NSW it is 3 months from signing the agreement. I have always had the responsibility as a real estate agent to get the best possible price for the vendor (you, the owner) and your agent should have pushed the offers up or at least qualified the offers better so as not to give you any false expectations. The three things that sell a house (as I was told) was perception, presentation and price. Perception is the marketing that the agent and their agency bring to the house (almost like an exclusivity by being with this agency). Presentation is how the buyers will look at your house and visualize themselves living in it and price may be the final hurdle for them to put the offer forward. My suggestion if your house is still inside an agency agreement is to de-clutter a bit more and ask the agency for a different agent (speak to the principal) to present the open homes or deal with the inquiries. Another option you have is to withdraw your house from the market till the agency agreement is terminated (iirc in NSW all you need is a 30 day written notice to the principal of the agency) and look other representation. I hope this helps! Re: Our agent = not good :( 6Jul 02, 2010 8:33 pm I have a house up for sale…I’m an agent, and I’m in contact with my vendor every week. So far for the month and a half, 5 times or more talking to him. I’ve dropped him everything I do, either via email, or I put all my literature I send out to people in his letter box while I’m out prospecting for him. He knows everything I am doing for him, and every bit of literature I am sending around for him. That’s the way I work……I wish you luck, it’s a tricky business real estate which I am finding out after just 2 months in the industry. From a decorators pint of view…..take a second look around your home, get fresh eyes in to help you look, you may need to de-clutter like already said above. All the best with your sale. Internal and External Building and Colour Consultant Online - Worldwide http://www.denovoconcepts.com Re: Our agent = not good :( 7Jul 07, 2010 11:33 am While it sucks that the agent isn't doing their job properly, all I can say is be REALLY careful about signing with another agent before you're absolutely sure your agreement with this agent is ended. I've seen situations before where someone has been liable to pay two lots of commission because they re-signed with another agent too soon! Re: Our agent = not good :( 8Jul 10, 2010 9:00 am sweetime I've seen situations before where someone has been liable to pay two lots of commission because they re-signed with another agent too soon! That is so true! In NSW when you sign up with another agency, make sure that the previous agreement has already lapsed before you commence selling the house. Should you sell the house whilst in contract with the other agency as well, the vendor (guy who owns the house) and the purchasor can both be taken to court for financial compensation. Re: Our agent = not good :( 9Jul 10, 2010 10:13 am OMG, I realise this is an older thread, but OMG, definately sounds like an agent that doesn't know how to do their job. That's a lot for advertising fees too. We had a list where we ticked what we did and didn't want as far as advertising goes, and if you chose everything, the maximum you'd pay over the 3 month listing would be $900... huge difference to you, and that was internet, huge photo board out the front, papers, everything. As for them telling you not to bother with the kitchen, I've always been told the opposite. Kitchen's and bathrooms sell a house, as they are the most exxy to renovate. Good luck with the sale, I really hope you get the result you want after all this. Before you rip it up, if you can in the grout lines, drill some holes and pour/inject techgrip by sika. I have used it to bond mdf to timber, but in the process it dripped… 1 4266 Not much in this responce. My suggestion is, what are you looking to build and why. This will all be impacted by the local councils planning scheme. Familiarise yourself… 6 5826 9 24637 |