OK...Im sure that most of you are frustrated with the frugal ways of the Real Estate sector.. I think the reason for this is that if an Agency pays for your services to list, and another Agency sells the property, they are out the money. This is why they have been so called "cheap", and I can understand that. However, I am attempting to seal a deal with the President of a Realtors Association to fill the pipe of properties for market and flood all Agents with all the marketing they can provide for me to produce. Works like this... I shoot and produce all the properties they want me to (prefer higher end). I edit and provide the link, which is not only available to the listing agent, but all agents in the MLS.. I don't get paid until the property sells. Is it a risk?.. sure. But this way, you can ask for a larger premium because nobody is paying up front, and it can be a payday for you when you least expect it... My set charge is one 1/4 of 1 percent of the asking price... ex. $200K pays $500, a $400K property pays $1000... etc. The President of this Association thought this was a great idea to get marketing started up, without any upfront fees.... another incentive was that if the property did not sell,or got pulled from the market, no harm, no foul, and no charge...The end result being that if the listing agent sells the property, then they pay the entire amount, but if another agency sell their listing, the listing agent pays 40%, and the selling agent 60%. You gotta admit that this is a better approach than what I have been trying to accomplish for a few months now. What do you all think? Thoughts?
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