Zillow - Make Me Move to the rescue

[Anonymous]

Anonymous wrote:We also sold our N. Arlington home via MMM. We closed on the sale in April.

I tried it to see what would happen. I had no idea we would get three offers the same weekend I listed it. If I had a house in a high demand area, like we did, I would definitely do it again. We worked with a real estate attorney to advise us, negotiate the price and review the contract before we signed. Our lawyer also did the closing, all the paperwork, etc.

We previously met with 3 realtors to see what they would list our house for. We determined that we couldn't proceed with listing with a realtor because too much of the proceeds on the house would be lost on commissions. We paid the buyer's realtor 1% commission (they offered this in order to win over the other offers) and we paid our attorney...ended up with a lot more money to invest in our next home.

How much was the attorney? Is the process mostly standard once the buyer and seller agree on price and other major non-legal issues

[Anonymous]

I think the attorney was $600.

The process is/was pretty standard. Though I will say that he gave us some really great advice and pushed us to let all the offerers know that we had multiple offers and asked everyone to give "best and final". We otherwise would have probably just picked one and went with it. We ended up getting more for the house as a result.

He also provided counsel about some language he felt we should add to the contract, which we wouldn't have thought of and benefitted us and our needs.

It was much more than just read a contract and tell us where to sign. I was very impressed.

[Anonymous]

Anonymous wrote:

Anonymous wrote:We are considering selling our 22180 .5+acre (level lot) in NE Vienna so - if interested, please post.

Address please?

are you seriously looking or just curious?

[Anonymous]

I'm currently looking to sell my townhouse in a gated golf course community in northern VA and have a MMM ad. The question I have, will this impact my ability to sell in spring? I have had an agent tell me I should take it off MMM. The house is in model home condition all the time so it's not a problem personally for me should a last minute request to show is made. Any advice would be welcome. Thanks.

[Anonymous]

Anonymous wrote:I'm currently looking to sell my townhouse in a gated golf course community in northern VA and have a MMM ad. The question I have, will this impact my ability to sell in spring? I have had an agent tell me I should take it off MMM. The house is in model home condition all the time so it's not a problem personally for me should a last minute request to show is made. Any advice would be welcome. Thanks.

You're fine. MMM doesn't affect Days on Market. Also, your price history will show on Zillow anyway so it doesn't matter. You can also justify a higher price in the spring with the excuse that you have to bake realtor fees into the price. Your realtor may just be afraid that a buyer comes along and they lose out on their commission. Don't sign any rep agreements until you are ready to list. And then make it for 30 days so you can re-evaluate that relationship and move onto a rebate realtor when you come to realize that full price agents can't make a buyer fall in love with your home.

[Anonymous]

If my realtor fails to sell my house I'm going to de-list, wait a while, then post as a Make Me Move (using pictures other than the one my realtor took). I'll think put an asking price 6% less than it currently is and say "buyer's agent welcome: add buyer's agent commission to offer price." Has anyone done this?

[Anonymous]

Anonymous wrote:If my realtor fails to sell my house I'm going to de-list, wait a while, then post as a Make Me Move (using pictures other than the one my realtor took). I'll think put an asking price 6% less than it currently is and say "buyer's agent welcome: add buyer's agent commission to offer price." Has anyone done this?

Shouldn't you do this the other way around? I'd assume you priced way too high with the realtor.

[Anonymous]

Anonymous wrote:

Anonymous wrote:If my realtor fails to sell my house I'm going to de-list, wait a while, then post as a Make Me Move (using pictures other than the one my realtor took). I'll think put an asking price 6% less than it currently is and say "buyer's agent welcome: add buyer's agent commission to offer price." Has anyone done this?

Shouldn't you do this the other way around? I'd assume you priced way too high with the realtor.

Huh? I said that if I did MMM I would list it lower.

[Steve]

Anonymous wrote:If my realtor fails to sell my house I'm going to de-list, wait a while, then post as a Make Me Move (using pictures other than the one my realtor took). I'll think put an asking price 6% less than it currently is and say "buyer's agent welcome: add buyer's agent commission to offer price." Has anyone done this?

You're probably better off leaving the price as is or only dropping 3% since buyers are programmed by agents to believe that sellers pay all of the commission.

You can also note that the price is $x lower without agents but the fact is that most people are represented thanks in part to what I mentioned above. If you don't offer commissions, buyer agents will may steer their clients away from your property since you may be keeping them from a pay check. If you lived in a hot area none of this would matter, but then again, you also wouldn't be worrying about de-listing.

If you choose to list with a phone number, use a Google Voice number so you can screen and easily block calls without fear of endless harassment. If you are harassed, you can just press "4" and Google gives out an audible alert saying, "This phone call is now being recorded."

Good luck and Happy Thanksgiving!

[Anonymous]

Anonymous wrote:Wow - I'm amazed this worked! That's awesome. There's one person in my neighborhood with a MMM price - it's ridiculous! I'm pleased to hear some people are in better touch with the values of their homes.

Maybe I don't understand, but isn't that sort of the point of MMM? Like, I'm not actively looking to sell but if you were to offer X (well above "market") I couldn't turn it down? We don't have a MMM on our home but when I think realistically about what it would take, I'd say something like $900k when our market price based on recent comps is probably in the 750k range.

[Anonymous]

Steve wrote:

Anonymous wrote:If my realtor fails to sell my house I'm going to de-list, wait a while, then post as a Make Me Move (using pictures other than the one my realtor took). I'll think put an asking price 6% less than it currently is and say "buyer's agent welcome: add buyer's agent commission to offer price." Has anyone done this?

You're probably better off leaving the price as is or only dropping 3% since buyers are programmed by agents to believe that sellers pay all of the commission.

You can also note that the price is $x lower without agents but the fact is that most people are represented thanks in part to what I mentioned above. If you don't offer commissions, buyer agents will may steer their clients away from your property since you may be keeping them from a pay check. If you lived in a hot area none of this would matter, but then again, you also wouldn't be worrying about de-listing.

If you choose to list with a phone number, use a Google Voice number so you can screen and easily block calls without fear of endless harassment. If you are harassed, you can just press "4" and Google gives out an audible alert saying, "This phone call is now being recorded."

Good luck and Happy Thanksgiving!

Thanks for the tips! Who would be harassing? Angry agents?

[Steve]

Anonymous wrote:

Steve wrote:

Anonymous wrote:If my realtor fails to sell my house I'm going to de-list, wait a while, then post as a Make Me Move (using pictures other than the one my realtor took). I'll think put an asking price 6% less than it currently is and say "buyer's agent welcome: add buyer's agent commission to offer price." Has anyone done this?

You're probably better off leaving the price as is or only dropping 3% since buyers are programmed by agents to believe that sellers pay all of the commission.

You can also note that the price is $x lower without agents but the fact is that most people are represented thanks in part to what I mentioned above. If you don't offer commissions, buyer agents will may steer their clients away from your property since you may be keeping them from a pay check. If you lived in a hot area none of this would matter, but then again, you also wouldn't be worrying about de-listing.

If you choose to list with a phone number, use a Google Voice number so you can screen and easily block calls without fear of endless harassment. If you are harassed, you can just press "4" and Google gives out an audible alert saying, "This phone call is now being recorded."

Good luck and Happy Thanksgiving!

Thanks for the tips! Who would be harassing? Angry agents?

You're welcome. They're not so much angry as they are eager to get a large paycheck. They generally only get angry once they realize there's no chance of getting your listing.

"Make Me Move" and FSBOs are a hunting ground for agents chasing leads, so that's why you've got to protect your contact information. Examples of prospecting calls you may receive:

https://www.youtube.com/watch?v=lnLqp_ol7R4
https://www.youtube.com/watch?v=GwuxejEl_48
https://www.youtube.com/watch?v=_vmAobzxVZk

Feel free to PM me for more tips.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:If my realtor fails to sell my house I'm going to de-list, wait a while, then post as a Make Me Move (using pictures other than the one my realtor took). I'll think put an asking price 6% less than it currently is and say "buyer's agent welcome: add buyer's agent commission to offer price." Has anyone done this?

Shouldn't you do this the other way around? I'd assume you priced way too high with the realtor.

Huh? I said that if I did MMM I would list it lower.

It would need to be much lower than 6 percent. if you can't sell a listed house it means the economy is shit or you priced too high.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:If my realtor fails to sell my house I'm going to de-list, wait a while, then post as a Make Me Move (using pictures other than the one my realtor took). I'll think put an asking price 6% less than it currently is and say "buyer's agent welcome: add buyer's agent commission to offer price." Has anyone done this?

Shouldn't you do this the other way around? I'd assume you priced way too high with the realtor.

Huh? I said that if I did MMM I would list it lower.

It would need to be much lower than 6 percent. if you can't sell a listed house it means the economy is shit or you priced too high.

Not really. It depends on timing, location, price point (expensive homes have a smaller pool of buyers).