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All Forum Posts by: Peter Tverdov

Peter Tverdov has started 34 posts and replied 1644 times.

Post: NAR Lawsuit Settled! Offering Buyer Agent Commissions in the MLS now Illegal!!!

Peter Tverdov
Posted
  • Real Estate Broker
  • New Brunswick, NJ
  • Posts 1,684
  • Votes 2,145
Quote from @Russell Brazil:
Quote from @Matthew Paul:
Quote from @Peter Tverdov:
Quote from @Matthew Paul:

Ok guys , answer me this . What exactly does a buyers agent do ? All my deals have been FSBO except my house , and it was dual agency . The agent showed me the house , I told them to write up an offer , thats it . I got my financing , title company , insurance , etc .

They didnt drive me there , i met them , I looked at the house for 20 minutes . 


 A good one is sourcing deals off-market with other agents or other home owners. They have contractors you can use, reliable attorneys, title companies, home inspectors, lenders. Relationships with town and state inspectors. Good ones like any profession are very valuable. The issue is it's such a low bar to enter the profession a lot of...dumb people, make the rest of us look bad. 


 That really doesnt answer my question .   Anybody can source their own contractor , title company , home inspector and lender . And can probably get a better deal . I dont know why a relationship with a town or state inspector would have any bearing on a house sale . 

Honestly I bought my first property at 23 years old FSBO . Called the guy , looked at the house , negotiated the price ( Appraised for 8 grand more than the price on a $51K house ) . Got a title company and a lender . It was a piece of cake , nothing worth paying somebody to do . I have bought 7 more with out any agents involved , all were easy and quick .

Short of them showing a listed property what do they do thats worth paying thousands of $ . 

( never seen an agent have an off market deal in my area ) 


I sell 1 off market property every week on average. We have 5 off market listings right now.

But of course you wouldnt see that. If you arnt actually working with an agent, especially ones that do lots of off market deals....then how would you ever see those off market deals?

 I just finished showing an off-market deal a couple hours ago and put an off-market under contract for a buyer 3 weeks ago. I am the #1 realtor in my town and that's one reason why, constantly hustling to give clients value. 

Post: NAR Lawsuit Settled! Offering Buyer Agent Commissions in the MLS now Illegal!!!

Peter Tverdov
Posted
  • Real Estate Broker
  • New Brunswick, NJ
  • Posts 1,684
  • Votes 2,145
Quote from @Matthew Paul:
Quote from @Peter Tverdov:
Quote from @Matthew Paul:

Ok guys , answer me this . What exactly does a buyers agent do ? All my deals have been FSBO except my house , and it was dual agency . The agent showed me the house , I told them to write up an offer , thats it . I got my financing , title company , insurance , etc .

They didnt drive me there , i met them , I looked at the house for 20 minutes . 


 A good one is sourcing deals off-market with other agents or other home owners. They have contractors you can use, reliable attorneys, title companies, home inspectors, lenders. Relationships with town and state inspectors. Good ones like any profession are very valuable. The issue is it's such a low bar to enter the profession a lot of...dumb people, make the rest of us look bad. 


 That really doesnt answer my question .   Anybody can source their own contractor , title company , home inspector and lender . And can probably get a better deal . I dont know why a relationship with a town or state inspector would have any bearing on a house sale . 

Honestly I bought my first property at 23 years old FSBO . Called the guy , looked at the house , negotiated the price ( Appraised for 8 grand more than the price on a $51K house ) . Got a title company and a lender . It was a piece of cake , nothing worth paying somebody to do . I have bought 7 more with out any agents involved , all were easy and quick .

Short of them showing a listed property what do they do thats worth paying thousands of $ . 

( never seen an agent have an off market deal in my area ) 


 I stopped reading when you said anybody. You're being obtuse or dense...or maybe both Idk and don't care. 

Post: NAR Lawsuit Settled! Offering Buyer Agent Commissions in the MLS now Illegal!!!

Peter Tverdov
Posted
  • Real Estate Broker
  • New Brunswick, NJ
  • Posts 1,684
  • Votes 2,145
Quote from @Matthew Paul:

Ok guys , answer me this . What exactly does a buyers agent do ? All my deals have been FSBO except my house , and it was dual agency . The agent showed me the house , I told them to write up an offer , thats it . I got my financing , title company , insurance , etc .

They didnt drive me there , i met them , I looked at the house for 20 minutes . 


 A good one is sourcing deals off-market with other agents or other home owners. They have contractors you can use, reliable attorneys, title companies, home inspectors, lenders. Relationships with town and state inspectors. Good ones like any profession are very valuable. The issue is it's such a low bar to enter the profession a lot of...dumb people, make the rest of us look bad. 

Post: NAR Lawsuit Settled! Offering Buyer Agent Commissions in the MLS now Illegal!!!

Peter Tverdov
Posted
  • Real Estate Broker
  • New Brunswick, NJ
  • Posts 1,684
  • Votes 2,145
Quote from @Bruce Lynn:

It will also kill a lot of agents who were dependent on 3rd party lead providers for their business.  I've always preached you better be figuring out a way to do your own lead generation and not to be dependent on someone else to do this for you.  Poof that whole model goes away.


 Bruce I agree with both. I wonder how this affects Zillow and Realtor.com you already have these super teams spending crazy money on leads, then a brokerage like KW takes their split, team lead gets it, then splits that with the buyer agent getting leads...by the time you factor in the Zillow cut this person was currently getting 30-40 cents on the dollar, now they have to negotiate their commission on top of it? I don't know...will be interesting and I also agree that now buyers will go direct to listing agent thinking they're getting representation but if they're not paying anything they will not get any representation and could potentially get harmed. Also agree with @James Wise that it will get rid of the dead weight (we started doing that at our boutique brokerage anyway this year).

Post: Property Managers, Red Flags?

Peter Tverdov
Posted
  • Real Estate Broker
  • New Brunswick, NJ
  • Posts 1,684
  • Votes 2,145

PMs are human too, sometimes they are wrong. Doesn't mean they are shady or trying to rip you off. If you feel like getting a second opinion that's your right. Sometimes a vendor the PMC has used for a while is just off. It happens. 

Post: (Standard) Turnover Timeline? Too long??

Peter Tverdov
Posted
  • Real Estate Broker
  • New Brunswick, NJ
  • Posts 1,684
  • Votes 2,145

That honestly looks great. You are dealing with professional property management companies.

Post: Self-Manage vs. Hire a Property Manager

Peter Tverdov
Posted
  • Real Estate Broker
  • New Brunswick, NJ
  • Posts 1,684
  • Votes 2,145

Most of this board is DIY landlords who swear they know better than property managers. It boils down to this: how much do you value your time? Unfortunately a lot of people over pay for property and value their own time at zero and DIY (and do it poorly). I own a PM company so I am biased but I don't even manage my own properties, our PM company does. I focus my time on more important things.

Post: Would You Evict Someone During the Holidays or Wait?

Peter Tverdov
Posted
  • Real Estate Broker
  • New Brunswick, NJ
  • Posts 1,684
  • Votes 2,145

Timing isn't always ideal but the bank doesn't care if rent is not paid and neither does the tenant who walks away from their obligation. Always file quickly without hesitation.

Post: High heating bills for steam heat building using natural gas

Peter Tverdov
Posted
  • Real Estate Broker
  • New Brunswick, NJ
  • Posts 1,684
  • Votes 2,145

We manage many 100+ year old buildings. The odds of you having any insulation value above R2 are very slim. Most of those buildings the studs have brick in between or nothing. That's your insulation. Then we can talk about windows as well if they're old. Your boiler will be working hard to keep the place warm, just is what it is. 

Post: Property management in Tulum

Peter Tverdov
Posted
  • Real Estate Broker
  • New Brunswick, NJ
  • Posts 1,684
  • Votes 2,145

That's a big roll of the dice IMO (and I love that place).