How to make a buck by slashing fees - Mary Holm

Wednesday 16 June 2004

Agents respond to the challenge to charge $4000 or less in house sale commission

By The Landlord

Oh, I am soooooo looking forward to next Saturday's column by you!

Hopefully you'll get responses to your challenge to real estate agents to sell a house for $4000 commission or less!

I, for one, will be on his or her phone immediately, if only to avoid what happened to a friend of ours.

She'd phoned an agent to help her sell her house. It so happened that the agent had a buyer on his books who had been looking for ages for a lifestyle property just like hers. The agent still charged her $18,500 for his "service"!

Why is it that you can't choose who will pay for the service of an agent? "P. P." (Purchaser Pays) next to the asking price would also bring the agents' prices down straight away!

If agents keep on charging those ridiculous fees in the next few months, we'll be selling our small rural property privately. A "for sale" sign is easy to make, an ad in the paper doesn't cost that much, even with a photo or two, and we'll be glad to show people around.

Will anyone rise to the challenge? Read on.

Read More - Opens in a new window
Commenting is closed

House Prices

House price drops are short-lived - Alexander

Periods of house price decline are rare and "short-lived", says economist Tony Alexander, amid forecasts of a drop of 10%-15% this year.


Resilience needed in face of change

The Reserve Bank says the commercial property sector is vulnerable to the Covid-19 crisis. But PMG Funds' chief executive believes that while there’ll be short-term pain, the biggest long-term impact will be structural change.


Mortgage lending slumps to record low in April

Mortgage lending fell to its lowest level on record last month as the property market ground to a halt during the Covid-19 lockdown.

Site by PHP Developer