All Forum Posts by: Jacqueline Carrington

Who is the owner of the property and why would they not pay to have it cleaned out before listing it for sale? Also, can you bring a male friend or family member with you to the house to walk it and take pictures?

0 Votes

If this is your house, I'd fire the PM and send a notice to quit to the other 2 roommates for on payment. If they've been paying, I'd do a non renewal at their lease term.

If this is not your house, I'd get the heck out when lease renewal comes.

If it is not a rooming house, there should only e 1 lease for 1 term for ALL the occupants of the house on 1 lease. I'd check with zoning to see if your PM is following the local laws.

0 Votes

That is awesome, congratulations! How did you find the wholesale deal you closed on? What (if anything) did you do differently being licensed? Did your broker get a percentage of your wholesaler fee?

0 Votes

Originally posted by @Tim Campbell:

I would educate the seller on why some agents take lower commissions. They use the house as a marketing tool to pick-up buyers and other sellers in the neighborhood. For every listing, you pick up 2-3 buyers. I would ask them do they want an agent looking to pickup other business or incentivized sole in selling their property.

I also would show them how my aggressive marketing plan will drive in competitive offers and force a highest and best, which may make up for the extra 1% commission.

Excellent advice, I really appreciate this! I wasn't aware that some agents would take lower commissions based on using the seller's house as a marketing tool to gain more business. I like the idea of showcasing the aggressive marketing plan to possibly get them to understand "why 6%".

0 Votes

I'd include all expenses when running my numbers.

1 Vote

Have you called your utility company and ask them if you can open the account for your home in your business name? They should be better able to answer your question.

0 Votes

@Steven Lewis it should be able to work since your name is attached to the LLC.

0 Votes

Originally posted by @Russell Brazil:

@Jacqueline Carrington If someone asks me to lower my commission to 5%...no problem. Id rather have the transaction. What difference is 1% really going to make? I typically charge 6% to any stranger who calls me off the internet. However if someone is doing repeat business with me, or if someone comes to me as a referral, I typically charge them 5% right off the bat.

An easy counter to the lower the fee though is...."If an agent lowers their fee that easily, imagine how easily they are going to lower your asking price in negotiations."

True! 1% may not be a huge difference. But in our new agent training we were told to know our worth and also be able to demonstrate our value and why we are worth 6%. For referrals or repeat business, yes I'd say it is good business practice to offer a discount on your services.

I like the counter you provided as it makes the seller think about which agent will fight to get top dollar for their property.

0 Votes

All Forum Posts by: Jacqueline Carrington

Jacqueline Carrington has started 14 posts and replied 710 times.

Post: 1/7/16: New Haven (CT) Real Estate Investors Meetup!

Post: my first apartment complex

Post: MLS Input Sheet

Post: Rooming House or Rental Prop Legal Question

Post: Santa came early!

Post: The 6% Pushback

Post: Broker is Giving me Conflicting Info

Post: Utilities

Post: Utilities

Post: The 6% Pushback