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Messages - xodus8

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1
General Discussion / Contractor recommendations in Brooklyn area
« on: December 09, 2018, 03:47:00 AM »
I want to redo my bathroom on the first floor. Basically need someone to reframe it, put new tiles on floor and wall, and install toilet/vanity. Can anyone recommend someone who they personally used.

2
General Discussion / Re: NYC parking fines
« on: December 06, 2018, 10:13:59 AM »
Just got a double parking ticket, looking at the ticket under the make the officer left it blank. Is that considered a required input leading to possibly a defective ticket to get dismissed? Anyone know if Make has to be filled out?

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Goods For Sale/Trade / Re: Home Depot Gift Card
« on: November 30, 2018, 02:00:57 PM »
if I take all 3 would you do 90%?

4
Credit Cards / Re: Chase Reconsideration
« on: November 15, 2018, 04:03:47 PM »
You have to use your own name as the business name.

would I be able to call them and change the name at this point?

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Credit Cards / Re: Chase Reconsideration
« on: November 15, 2018, 03:25:27 PM »
I just applied for a chase ink business preferred card. Set it up as a sole proprietorship. Got a decision will be mailed out in 7-10 days. Called Chase up, they said they need proof of business name. Is this something new they are doing, any way of getting around this?


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General Discussion / Re: Selling a home - Should I get a realtor
« on: October 23, 2018, 11:56:34 AM »
It can work, just remember, that if they get a full price offer and no bidding war, you owe the agent the commission even if you don't take the offer.

are you being serious?

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General Discussion / Re: Selling a home - Should I get a realtor
« on: October 23, 2018, 11:46:45 AM »
Can anyone recommend some agents they have dealt with personally? There is one agency Elite connect, they have an interesting strategy they put an asking price on a house that's below market value and then create a bidding war. Supposedly this works really well, has anyone had any experience with them?

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General Discussion / Re: Selling a home - Should I get a realtor
« on: October 23, 2018, 11:32:59 AM »
+ especially since everyone talks about how hot the market is, sellers are in the clouds about how much they can actually get.

I have been looking at Zillow recently sold listings in the area for months. Looking at what other houses have sold in my area I'm priced pretty fair, some agents who came and saw the house suggested I should've listed even higher (not buying their BS). With the rates going up by about 3/8s or so and the winter coming has not helped me. A guy from my shul had his house by owner, then with an agency, then back to FSBO and he sold recently. It took about a year or so, but he listed initially at 859, then it went to agency at same price, after a month dropped to 815. He took it off the market for a month and put it back FSBO at 879, he sold for 850.

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General Discussion / Re: Selling a home - Should I get a realtor
« on: October 23, 2018, 11:27:35 AM »
Welcome to the world of commision. Is an insurance agent selling a 5k policy doing 5x work than a 1k policy?

Usually top clients do get a better commission % then a guy placing one small order. I work as an actuary and I can tell you first hand commission % vary greatly with premium size.

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General Discussion / Re: Selling a home - Should I get a realtor
« on: October 23, 2018, 11:20:27 AM »
You really need to get commission rate based on the price of the house out of your head. Do you change the percent you tip at a restaurant on a 100 and 500 bill?

I see your point but I don't agree with it. A 500 bill in a restaurant indicates most likely more people and much more dishes being ordered. The waiter is doing a lot of extra work. An agent if the house costs 400k or 1M is pretty much doing the same job.

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General Discussion / Re: Selling a home - Should I get a realtor
« on: October 23, 2018, 11:18:10 AM »
As someone once said, being a sellers agent is like having hundred agents working for you to get the buyer.

Most buyers have agents that they're working with and if their agent comes across a deal that they'll get 3%, they'll be sure to push their clients towards it.

Unless you're giving 5-6%, you won't get a sellers agent that will offer that much to a buyer's agent because it will take from their cut. That is why I posted that link, I know people who've successfully used that website.

This makes a lot of sense. The question is with houses in brooklyn jewish areas being at 1M and over would sellers actually commit to an agent for a 6% commission. A house in some random place that costs 400k 6% nets 24k. When your talking about a house that is much more expensive what is the real estate agent doing extra to be getting such a high commission to a realtor in some random state.

A lot of these offers I got are from this website upnest.com basically you fill out a form and local agents give you their proposals and some stats. I got 4 offers ranging from 3.5% to 4.5% I was able to talk all of them down to 3%.

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General Discussion / Re: Selling a home - Should I get a realtor
« on: October 23, 2018, 11:13:08 AM »
Ask them what they're offering the buyer's agent.  The buyer's agents won't come if they're not getting paid, which means you may as well be FSBO

From my understanding it's 50/50 split so 1.5% to seller agent and 1.5% to buyer agent.


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General Discussion / Re: Selling a home - Should I get a realtor
« on: October 23, 2018, 10:45:58 AM »
Which local realtor will do it for 3% all in? They need to take something themselves, and also offer a buyer's commission.  That's 1.5% each, and they not gonna do that

I got offers from Fillmore, Exit, Pride and Highclass Realty. Fillmore even said if the buyer is direct they would lower it to 2%. There are so many realtors which is causing a lot of competition. Also rex realty is offering a 2% flat charge for everything. With prices being what they are these days and having Zillow/Trulia agents are willing to take a bit less I suppose.

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General Discussion / Re: Selling a home - Should I get a realtor
« on: October 23, 2018, 10:09:11 AM »
Use redfin.

Brokers in this day and age are an absolute waste -- no need for them.

Theres a great planet money podcast on it.

cks

I did some research on Redfin, not the best reviews. They charge a 1% listing service (sellers commission) and the buyers commission I guess would vary 2-3%. I could just go with a local realtor at 3% for the entire thing.

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General Discussion / Re: Selling a home - Should I get a realtor
« on: October 23, 2018, 09:25:25 AM »
Offering 2% is standard where I'm located, offering 3% is sure to catch the eye a lot more.

I'm getting 3% offers for the full listing from Exit, Fillmore, Momentum and High Class realty. Fillmore said if the buyer is direct they would lower it to 2%. With housing prices in the median range of 800k + 3% just from the buyer side seems a bit excessive.

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