http://blog.carimcgee.com/writing-a-real-estate-offer-in-the-tri-cities-wa/202/ Tri-Cities, Washington, real estate and homes - thoughts and conversation. Sun, 07 Sep 2008 14:34:24 +0000 http://wordpress.org/?v=2.5.1 http://blog.carimcgee.com/writing-a-real-estate-offer-in-the-tri-cities-wa/202/#comment-182 Cari McGee Sat, 02 Aug 2008 04:01:06 +0000 http://blog.carimcgee.com/2008/04/24/writing-a-real-estate-offer-in-the-tri-cities-wa/#comment-182 Scott - Thanks for dropping by the blog, I'm glad you like it. Re: your question from above - it's a great question, because an agent DOES make more when the house is sold for more. This is how I look at it - if we're assuming a 3% commission for the buyer's agent side, then every $1,000 more the house sells for, brings $30 more to the agent. After the brokerage takes its cut and other associated expenses are subtracted an agent might be left with between $10 and $20 more. Big whoop, right? Even $10,000 more would leave an agent with a couple hundred dollars more than they would have earned otherwise, and a couple hundred dollars doesn't buy much in my mind. I suppose if someone urged the client to spend more with every transaction, that agent would have a nice tidy sum at the end of the year. But how much of a career would that person have in the long-term, after word got around that they had a tendency to have their clients over-offer? In today's very transparent, increasingly consumer-review-driven real estate climate, I don't think that's a smart move for anyone. Scott -
Thanks for dropping by the blog, I’m glad you like it.
Re: your question from above - it’s a great question, because an agent DOES make more when the house is sold for more. This is how I look at it - if we’re assuming a 3% commission for the buyer’s agent side, then every $1,000 more the house sells for, brings $30 more to the agent. After the brokerage takes its cut and other associated expenses are subtracted an agent might be left with between $10 and $20 more. Big whoop, right? Even $10,000 more would leave an agent with a couple hundred dollars more than they would have earned otherwise, and a couple hundred dollars doesn’t buy much in my mind.
I suppose if someone urged the client to spend more with every transaction, that agent would have a nice tidy sum at the end of the year. But how much of a career would that person have in the long-term, after word got around that they had a tendency to have their clients over-offer? In today’s very transparent, increasingly consumer-review-driven real estate climate, I don’t think that’s a smart move for anyone.

]]> http://blog.carimcgee.com/writing-a-real-estate-offer-in-the-tri-cities-wa/202/#comment-180 Scott Bourne Sat, 02 Aug 2008 00:07:45 +0000 http://blog.carimcgee.com/2008/04/24/writing-a-real-estate-offer-in-the-tri-cities-wa/#comment-180 Does this advice change if you're a buyer's agent? It seems to me that you have an interest in the higher price being paid since it impacts your commission. I am not suggesting you personally would take this approach, but it's something I wonder about so maybe others do. I like your blog by the way. Thanks. Does this advice change if you’re a buyer’s agent? It seems to me that you have an interest in the higher price being paid since it impacts your commission. I am not suggesting you personally would take this approach, but it’s something I wonder about so maybe others do. I like your blog by the way. Thanks.

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