Comments on: 60 Minutes & The 6-Percent Solution http://www.repdx.com/2007/05/14/60-minutes-the-6-percent-solution/ Portland Oregon Real Estate Resources Fri, 21 Nov 2008 22:28:16 +0000 http://wordpress.org/?v=2.6.3 By: Matt http://www.repdx.com/2007/05/14/60-minutes-the-6-percent-solution/#comment-57123 Matt Sun, 16 Nov 2008 19:47:54 +0000 http://www.repdx.com/2007/05/14/60-minutes-the-6-percent-solution/#comment-57123 Give me a break, this site is a bunch of real estate agents whining. The selling of a house is easy, as is buying one. I have bought and sold 4 houses on my own. It is a "deal". Real estate is the easiest job in the entire universe. Sure, people have to hustle it out right now because people aren't buying, and inventory is just sitting, but the actual job is simple. Kudos to this guy, and his company. Give me a break, this site is a bunch of real estate agents whining. The selling of a house is easy, as is buying one. I have bought and sold 4 houses on my own. It is a “deal”.

Real estate is the easiest job in the entire universe. Sure, people have to hustle it out right now because people aren’t buying, and inventory is just sitting, but the actual job is simple.

Kudos to this guy, and his company.

]]> By: Redfin Woes Buyers With New Web Site Features | Future of Real Estate Marketing http://www.repdx.com/2007/05/14/60-minutes-the-6-percent-solution/#comment-38845 Redfin Woes Buyers With New Web Site Features | Future of Real Estate Marketing Thu, 31 Jan 2008 17:46:23 +0000 http://www.repdx.com/2007/05/14/60-minutes-the-6-percent-solution/#comment-38845 [...] The only thing disappointing with this release is that it reminds me that Redfin won’t be coming to Portland any time soon. [...] [...] The only thing disappointing with this release is that it reminds me that Redfin won’t be coming to Portland any time soon. [...]

]]> By: Mike http://www.repdx.com/2007/05/14/60-minutes-the-6-percent-solution/#comment-34050 Mike Thu, 29 Nov 2007 00:19:09 +0000 http://www.repdx.com/2007/05/14/60-minutes-the-6-percent-solution/#comment-34050 <blockquote> Selling your home for more than on your own is only part of the equation and it isn't verifiable. The service of negotiating and understanding the steps and pitfalls of a real estate contract is the other side of the equation. I think agents should be paid hourly like lawyers for the clients who have the means. Paid by a percentage commission for those who don't, just like lawyers.

Selling your home for more than on your own is only part of the equation and it isn’t verifiable. The service of negotiating and understanding the steps and pitfalls of a real estate contract is the other side of the equation.

I think agents should be paid hourly like lawyers for the clients who have the means. Paid by a percentage commission for those who don’t, just like lawyers.

]]> By: » From Ron Ares’ re:PDX - 60 Minutes & The 6-Percent Solution - My Oregon News Blog http://www.repdx.com/2007/05/14/60-minutes-the-6-percent-solution/#comment-22322 » From Ron Ares’ re:PDX - 60 Minutes & The 6-Percent Solution - My Oregon News Blog Thu, 31 May 2007 20:13:37 +0000 http://www.repdx.com/2007/05/14/60-minutes-the-6-percent-solution/#comment-22322 [...] Read more… [...] [...] Read more… [...]

]]> By: Art King http://www.repdx.com/2007/05/14/60-minutes-the-6-percent-solution/#comment-21800 Art King Fri, 25 May 2007 16:52:34 +0000 http://www.repdx.com/2007/05/14/60-minutes-the-6-percent-solution/#comment-21800 Ron; I've never understood the real estate commission structure. It's all wrong. The commission by definition puts the realtor's interest and the seller's interest at cross purposes. The realtor gets "x" percent, and it almost always happy push for a quick sale and a lower price, where me the seller is usually interested in maximizing the price. I'd love to hire a realtor and pay them 25%, 35% or even 40% commission on the part of the sale where they are actually adding value. In other words, pay a much larger percentage on every dollar above a negotiated baseline. "I could sell the house myself for $xxxx". I'll give you 40% of every dollar above that amount plus a base fee for expenses." This would line of the incentives of the real estate person much more closely with mine. Why isn't anyone doing something like this? Ron; I’ve never understood the real estate commission structure. It’s all wrong. The commission by definition puts the realtor’s interest and the seller’s interest at cross purposes. The realtor gets “x” percent, and it almost always happy push for a quick sale and a lower price, where me the seller is usually interested in maximizing the price.

I’d love to hire a realtor and pay them 25%, 35% or even 40% commission on the part of the sale where they are actually adding value. In other words, pay a much larger percentage on every dollar above a negotiated baseline. “I could sell the house myself for $xxxx”. I’ll give you 40% of every dollar above that amount plus a base fee for expenses.”

This would line of the incentives of the real estate person much more closely with mine.

Why isn’t anyone doing something like this?

]]> By: Rich Schiffer http://www.repdx.com/2007/05/14/60-minutes-the-6-percent-solution/#comment-20948 Rich Schiffer Tue, 15 May 2007 15:42:57 +0000 http://www.repdx.com/2007/05/14/60-minutes-the-6-percent-solution/#comment-20948 Thanks for the well-written article. This segment has sparked a lot of response throughout to the blogosphere. Thanks for including a link to the ActiveRain "60 Minutes -- "Et tu, Brutae?" post. Thanks for the well-written article. This segment has sparked a lot of response throughout to the blogosphere. Thanks for including a link to the ActiveRain “60 Minutes — “Et tu, Brutae?” post.

]]> By: Ron http://www.repdx.com/2007/05/14/60-minutes-the-6-percent-solution/#comment-20917 Ron Tue, 15 May 2007 05:37:49 +0000 http://www.repdx.com/2007/05/14/60-minutes-the-6-percent-solution/#comment-20917 No offense, but I see little in the way of innovation or technology involved. Just like many discount offerings....nothing new. No offense, but I see little in the way of innovation or technology involved. Just like many discount offerings….nothing new.

]]> By: Richard Greenwood http://www.repdx.com/2007/05/14/60-minutes-the-6-percent-solution/#comment-20916 Richard Greenwood Tue, 15 May 2007 05:16:41 +0000 http://www.repdx.com/2007/05/14/60-minutes-the-6-percent-solution/#comment-20916 There are many innovative companies that are using technology to cut costs and share those savings with consumers. Check out http://BetterHomeSelling.com & http://BetterHomeBuying.com There are many innovative companies that are using technology to cut costs and share those savings with consumers. Check out http://BetterHomeSelling.com & http://BetterHomeBuying.com

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