[5-DayForum] Using a Realtor

[Paul Forste]

Jean,

I greatly admire your professionalism and candor.

I will want to know a great deal more from you when you have finish your own 
home sale and move on to selling clients homes in this manner. I will be 
particularly interested to know if there will be modifications to standard 
listing contracts as part of the arrangement.

All best wishes for your 5-Day sale.

Paul Forste
student of 5-Day
Teaneck, NJ



----- Original Message ----- 
From: "Jean McCormack" <jm-5day at themccormacks.org>
To: <5-dayforum at howtosellyourhomein5days.com>
Cc: <5-dayforum at mailman.howtosellyourhomein5days.com>
Sent: Friday, June 01, 2007 2:04 PM
Subject: Re: [5-DayForum] Using a Realtor


> I'm not sure about your agent's local MLS or Realtor association, but in
> the suburbs of Chicago, we are doing it!
>
> I am a Realtor. My husband and I own a local franchise for a nationwide
> firm. Our own home is currently listed in the MLS, we have also run ads
> in the Chicago Tribune and the local suburban papers. We are well over
> 25 calls; about 50% agents.
>
> Our market is very quiet right now. My opinion is that Realtors bring a
> lot to the table. They will compare our home to others that have sold
> and convince their buyers that this is a good deal. Even with their
> commission (we're paying out 2.5 % to the buyer's agent, and since we
> are our own selling agent, there's no additional 2.5%) they will help
> the price rise. Because of their commission, their client may not be the
> top net; but terms may be better, not sure. When listed in our MLS we
> need to list the commission a "variable". This indicates that buyers
> going through the listing office will cause less commission to be paid
> out. Many firms in Chicagoland do this.
>
> Many of the agents that have called me are familiar with the method. It
> is new to me. I read the book about 3 weeks ago; and here we are. I
> think we'll video some of our fun this weekend. I truly believe in the
> market.
>
> We also cleared this idea with our local board, our attorney, and the
> MLS. All is fine as long as we do not call it an "auction". It is an
> open bid, round robin process. We will sell to the highest bidder on
> Sunday night.
>
> Blessings,
> Jean McCormack
> a Broker from Downers Grove, Illinois part of the Western Chicago suburbs
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