Thursday, July 18, 2013

WHERE DID ALL THESE PEOPLE COME FROM?

Very few people realize how many agents are involved in the sale of their home.  Here's a quick accounting -- probably the only one you'll see.

In most transactions there are 3 or 4.  The listing agent and maybe a selling agent in the same office and their broker.  OR  The listing agent and broker plus the selling agent and broker.  All agents MUST work under a broker.

Now, a new twist in the real estate industry is the concept of teams.  The broker pays the team leader more money and the team leader recruits agents under them.  Sort of like a manager.  Teams are a waste of money but they're getting popular so now we could be up to 6 fingers in the pot.

But wait, how about referral agents?  See, in addition to the 1 million +- members of the National Association of Realtors, there are untold numbers of referral agents.  They do so little work that they don't want to or can't afford to pay the annual dues so many brokers set up a separate company which is NOT a member of the Boards of Realtors and ware house these agents to refer business.  Getting crowded isn't it?

And believe it or not, at least 2 national firms pay recruiting bonuses to agent who bring in other agents anywhere in the country.  So part of your hard earned equity could be going to someone far away who will not be involved the your transaction and never see your house!  Ouch!

It's unlikely all of these people would be involved in any sale but the average is about 5.  At Help-U-Sell it can be a little as 1-3 - and we pass the savings on to our Sellers.  (Hey Sellers, we love you!)

So if you plan on selling a home in Toms River, Beachwood, Bayville, Forked River or Lanoka Harbor in Lacey, give us a call.  We ever service Waretown, Barnegat, Manahawkin and Little Egg Harbor.  Our Common Sense approach is guaranteed to save you lots of money for the same services.

609-242-0506.

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