Real Estate Agent Motivation - Part 1

Published by peter | Filed under Market Trends, Miscellaneous, Real Estate, Shout Outs

I was surfing around some real estate web sites on the internet hoping to come up with today’s topic. You see, posts on this blog are usually based upon reader questions.

I came across a question posted on Trulia that I think might provide some interesting insight for some people who are trying to sell a home in Tama Bay. The question was about getting more agents to show a home that is already one the market, and asked: Do agents look at the commission %? If you saw a house that had 4% instead of 3% would you show it more?

This simple question actually brings up quite a few key points that homeowners should know when trying to sell a home. The reason that I think it makes a great discussion point is that currently there are 146 responses to this question at Trulia, and I suspect there will be more to follow. So folks over on Trulia have a lot to say about this, so I’ll chime in with a few points of my own. Is this a buyer’s market?  The first thing that comes to mind when I read this question is that some homeowners are thinking they should consider a discount broker. Without being rude … Are you kidding? It has never been more difficult to sell a home in Tampa Bay than right now, do you really want to hire somebody who is willing to cut their fees?-Here’s a quick analogy for you…Hiring good help is always relative to the task at hand. I wouldn’t pay $1,000 per hour for an attorney to help me with a speeding ticket. I’m sure there are plenty of “discount” attorneys who could help me with that problem. But would my thoughts change with different legal problems? What if I’m being sued by somebody for hundreds of thousands of dollars? Sometimes it is worth it to hire the best.