Saturday, September 27, 2014

WARREN BUFFETT, SHAME ON YOU.

Warren Buffett is one of the world's richest men and the author of books on wealth accumulation and a published New York Times article called "Stopped Coddling the Super Rich".  He also preaches conservatism and lives in the same house since 1958.   But last year he put his Berkshire Hathaway name on a real estate company which is mainly residential.

Now anyone who has read this blog knows how unfair percentage real estate commissions are.  As the value of the house increases the sellers pay more because of the percentage and get very little or no additional services.  A seller of a $300,000 home pays $2500-$5000 more that a $200,000 seller depending on who presents the buyer.  A $400,000 seller pays $5000 to $10,000 more and it gets insane from there.

These are not necessarily wealthy people - they could be your neighbors.  So why then does Warren Buffet's company suck hundreds of millions of undisclosed dollars from the folks on Main Street and pay the profits to wealthy stock holders who pay around $200,000 per share - what many houses sell for?  GREED!

Shame on you Warren Buffett - Shame on You!

Wednesday, September 10, 2014

A CHALLANGE TO REAL ESTATE AGENTS (NOT BROKERS)

Almost every month I ask what you do EXTRA for a $400,000 seller for the EXTRA commissions you charge compared to a $200,000 seller (figures for example only.  Commissions are always negotiable but we know that's a joke too!)  Now I am asking you - the folks who are in the trenches as real estate sales agents - to go to your broker and ask the same question.  Demand an answer!  Nail them down and remember, this is YOUR client in YOUR office.

I know there is no answer so let me ask you WHY you work for a company that disrespects your clients this way.  (I know the answer is greed but give it a try.)  And WHY do you disrespect your clients this way when they put their trust in you in one of the more important transactions they could have?

Again  --  YOUR client in YOUR office.  I look forward to hearing from you.