kurt Posted November 9, 2004 Report Share Posted November 9, 2004 So Chad, how'd it go Sunday? Don't need the big blow by blow, but am always interested in the Big Adventure summary sheet. Quote Link to comment Share on other sites More sharing options...
Chad Fabry Posted November 9, 2004 Report Share Posted November 9, 2004 It didn't go Sunday. Apparently the Realtor couldn't break away from her obligations to secure what is likely to be a 100,000 dollar commission. The inspection has been tentatively re-scheduled for Saturday morning. She wanted to know if when I was done with the 7,000 square foot 80 year old house w/ seven bathrooms, and the 1500 square foot guest house, and the boat house, if I could give her a copy of the inspection right then. I'm glad it was re-scheduled.. I'm nervous about a job this size and I've had the opportunity to read up on my weak areas. Those include plumbing, hvac, electrical, structure, roofing and report writing. Besides those, I'm all set. Thanks for asking though, and thanks for the advice..you and Mike both. I'll post when it's over. Quote Link to comment Share on other sites More sharing options...
Richard Moore Posted November 9, 2004 Report Share Posted November 9, 2004 Just remember that the wet stuff in the boat house where the floor normally is is supposed to be there. Quote Link to comment Share on other sites More sharing options...
DonTx Posted November 10, 2004 Report Share Posted November 10, 2004 So, Inquiring minds wanna know....what did you tell her? "Sure, yes ma'am, I'll have a Summary for you as soon as I'm done!" "Not a problem, it'll be a breeze because my Checklist doesn't have enough space for a house this size" LOL...j/k Chad...Good Luck BTW...some free advice...it's worth what you paid for it. I use to find myself re-inspecting the same rooms whenever I did these million room homes. I know leave the light on in each bedroom I check and then when I'm done, I work my way back out turning lights off. Beats the heck out of leaving a trail of Ginger bread crumbs. (unless the Realtor comes behind you turning the lights off) Quote Link to comment Share on other sites More sharing options...
kurt Posted November 10, 2004 Author Report Share Posted November 10, 2004 Stupid nag probably had a tennis lesson..... While every fiber in my being wants to tell realtors like this just what I think, I usually smile & act real nice when they insuate themselves into my business. Reason being, I've had the bi---es come up w/reasons why I shouldn't do the job & talk the customer out of using me. It's amazing, but there are still a lot of folks out there who think the realtor's are important. I save the scathing reparte' for after the job when I don't give a rat's ass what they might think. I especially like taking their card & let them expect that they are going to get a report, & then never send it. When they call to ask, I inform them how it works and hang up. These sorts of homes attract the weirdest realtors, and very often, REALLY weird clients. Be careful. I've done enough of these sorts of homes that I really don't care if I do any more; they are hard work. Bragging rights are fun for a while, but easy money is easy. Take some digital pics to post; sounds really interesting. Quote Link to comment Share on other sites More sharing options...
Brian G Posted November 10, 2004 Report Share Posted November 10, 2004 Originally posted by Chad Fabry Apparently the Realtor couldn't break away from her obligations to secure what is likely to be a 100,000 dollar commission. Unbelievable. And we're out trying to scratch out a decent living job by job. Barf. She wanted to know if when I was done with the 7,000 square foot 80 year old house w/ seven bathrooms, and the 1500 square foot guest house, and the boat house, if I could give her a copy of the inspection right then. I'm with Kurt. I know what I'd love to say to that, but I'd play it smart until it was too late to get hurt by her. I'm glad it was re-scheduled.. I'm nervous about a job this size and I've had the opportunity to read up on my weak areas. We have nothing to fear but fear itself...AND REALLY SCREWING IT UP ROYALLY! By the way, I'm jealous and you suck. [:-irked] Brian G. Don't You Need Help With That? (send plane ticket, first class please) Quote Link to comment Share on other sites More sharing options...
Neal Lewis Posted November 10, 2004 Report Share Posted November 10, 2004 Chad, What was the sale price of the house. How could the commission be 100K? Are you thinking the realtor gets the full 6%. Quote Link to comment Share on other sites More sharing options...
Chad Fabry Posted November 10, 2004 Report Share Posted November 10, 2004 I'm not sure how it gets split up, but the client suggested to me that the REALTOR is making nearly 100 grand. Maybe there's a double dip here. The sale price is 1.4 million Quote Link to comment Share on other sites More sharing options...
kurt Posted November 11, 2004 Author Report Share Posted November 11, 2004 If they were nuts enough to go for the full 6%, that's $84,000. That's getting close to the 100K. Most commissions in that price bracket are staged @ around 4-5%, but one never knows. Any way it's cut, it's totally insane. Can you imagine anyone paying that kind of commission for a securities acquisition? Quote Link to comment Share on other sites More sharing options...
Neal Lewis Posted November 11, 2004 Report Share Posted November 11, 2004 The realtor does not get the full 6%. My understanding is that the buyers and sellers RE offices split the commission, and then the office splits with the realtor. Still a big chunk of change for the homeowner/seller. Quote Link to comment Share on other sites More sharing options...
kurt Posted November 12, 2004 Author Report Share Posted November 12, 2004 Well, yes; no one entity or individual gets the full commission. There is a reason the listing agenst like being the selling agent too; they get more. There are all sorts of ridiulous splits that go on. The simple referral of a customer to another realtor gets you a 1/2% should the other realtor close a deal. The average (single) commission rate is somewhere around 1 1/2%-2 1/2% after you split w/ the broker. On a deal this large, that can still net you around 20K. Quote Link to comment Share on other sites More sharing options...
Chad Fabry Posted November 12, 2004 Report Share Posted November 12, 2004 I lost the job. When I called yesterday to confirm the time and date with the buyer, he was quite surprised to hear from me. His REALTOR, in an effort to show how sorry she was about not being able to make the original inspection we had scheduled, arranged and paid for an inspector to come the following day. She was supposed to call me and cancel on behalf of her client. That part must have slipped her mind. Her inspector was so excellent that he was done in a little under two hours. I'm quite miffed. Quote Link to comment Share on other sites More sharing options...
Phillip Posted November 12, 2004 Report Share Posted November 12, 2004 Unless the inspector had a lot of help the buyer got a raw deal. I bet it was a set up. The Realtor made sure she got her sale. Quote Link to comment Share on other sites More sharing options...
Jim Morrison Posted November 12, 2004 Report Share Posted November 12, 2004 You certainly have my sympathies. May that realtor develop an incurable, festering, burning itch in her most sensitive regions. No doubt the buyer got what he paid for, Quote Link to comment Share on other sites More sharing options...
kurt Posted November 12, 2004 Author Report Share Posted November 12, 2004 Yeah, that blows. My spidey sense sez that the realtor figured what she was going to get w/you (a real inspection), threw up a smoke screen, & did the deal w/ "her" guy. These things are always kind of touchy; big money, weird people. I've had it happen more than a couple times. This is why you don't quit the day job. Quote Link to comment Share on other sites More sharing options...
Brian G Posted November 12, 2004 Report Share Posted November 12, 2004 This is the kind of thing that brings out the vindictive, payback-at-all-costs streak that runs down Mom's side of the family. I'd call the client and offer to inspect the damned house for free now (out of curiousity and love of great old houses of course), and spend plenty of time getting it absolutely right. Then let the friggin' chips fall where they may. Brian G. Not Kidding, Dead Serious Quote Link to comment Share on other sites More sharing options...
Erol Kartal Posted November 13, 2004 Report Share Posted November 13, 2004 Chad, You do have that 'I'm honest' look. Better change that if you want to get work. Erol Kartal Quote Link to comment Share on other sites More sharing options...
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