FALSE FEEDBACK

Some agents will have you beleive that every person that walks through your door at a newspaper advertised open house, is a genuine buyer, they have to lead you to beleive this because they need to condition you to take a lower price than you expect. All sorts come through open homes, including neightbours, who generally agree that your home is worth what you want, or say "you have to be kidding", either way this information given back to you is usually pointless as they are not serious buyers. The same goes with the people that just pop in to gather some decorating ideas. A good agent will gleam from serious buyers what they are prepared to pay for the home. BUT how do you sought the serious buyers from the tyre kickers? Your agent should ask the right questions to establish this, otherwise you will have every Tom, Dick and Sally coming through your home. Most agent training teaches agents how to use the feedback to CONDITION the vendor to take a lower price. And thats why agents look forward to as many people as possible coming through a newspaper advertised open home. A good agent will take serious buyers through your home and not people that want to have a look for sake of having a look and that is generally why agents prefer to let people look at your open home on the weekend and they will tell you the only way they can do the open home is to advertise in the newspaper. Serious buyers want to look at homes seven days a week, not just on a weekend. QUALITY FEEDBACK AND BUYERS is what you want.
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Mark im a home owner and let me tell ya buddy, i agree with you on newspaper advertising because i dont wanna pay for it, but if you gave it to me for free i would take it. stop acting like a politician and throwing dirt at other agents and talk about what you do. throwing shit only makes you look negative.
cheers
BTW i am not in townsville

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Thanks for that Richard, there is not much difference between real estate agents and politicians, most of them tell you what you want to hear rather than what you have to hear. The point was making that if agents were upfront about prices on homes, then you would most people would not go through the expensive exercise of paper advertising only to find thier homes do not sell, because they were not shown compartive sales in their area. As far as throwing shit, you could not be further from the mark, all I have stated is what really goes on. cheers

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Thanks for the reply Mark, I couldnt agree more with you most agents are like politicians and they just tell you what you want to hear. I guess its hard to know what to believe when they give u feedback saying negative stuff all the time. i sold b4 and i have been through that, in the end all you want is to accept what they say and get the agent off your case.
cheers

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Cheers Richard unfortunatley most are only trained to wear you down to accept the lowest price. The term "CONDITIONING THE VENDOR" is what all franchises use to wear the seller down.

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Next time you sell, why not just go with the agent that gives you the lowest price for your home, thats not going to charge you for advertising fees, tells you not to go in the paper and do it for the lowest possible commission, then go on about how they didnt get you enough money for your home.

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Or the best way to do it, would be to spend thousands of dollars on newspaper advertising, and why not do an auction campaign as well. get hundreds of people to run through your open homes and still get a sale because the buyer saw the home advertised on the internet and just happen to come through the open because the agent cant show homes through the week only a set time on a weekend, and still say the buyer came from the paper, when they infact came from the internet. I take it Steven you are an agent and work for a franchise. Newspaper might work in your neck of the woods, but not here. Off course if you keep advertising week after week that magic buyer will appear, we all know the reason something does not sell is the price.....

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Hey MarkTPC If you were selling your house would you only use the internet?

I've toyed with the idea of just using the internet but I get worried that I might miss out on the final day.

c

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I did when i sold a house of mine when we were a franchise, I ran 3 large newspaper adds had 75 people thorugh the 3 opens and sold to a soldier over the net from Afghanistan. We find the majority of people that are "genuine" buyers look on the net, the paper only advertisers the fact you have an open house on the weekend. I have been selling real estate for a long time now and I know the majority of "genuine buyers" find the property they buy on the net first. If your home is marketed by your agent the right way, and priced right the way we do it and by the looks of things so does Steven Noakes the agent that made the previous comment, then it wll sell. But of course there are horses for courses. Remember it is the price at the end of the day that stops a home from selling. and YES indeed only the internet for sale in Townsville.

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The ramblings of a brainwashed Jenman agent.
I recognize this because i am a recovering one!

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Could be said a recovering franchise agent that has seen a better way to sell without the brainwashed trappings of a franchise. and i recognize that because i was one for many years. cheers Adam

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I am not an agent, have bought a couple times but not sold, and work in the internet industry & am mid thirties just to give some background to my demographic.

I can honestly say that for me (& my friends & family), anything other then listing on RE is kind of superfluous, once it is listed on RE or domain, we know about it, its on the radar, I'll ring the agent & discuss, if interested go to an open house. I mean if you are seriously looking & don't have new listing being emailed to you from RE etc I would think that is crazy. Obviously other demographics will differ, but as my generation gets older or more of older generations use the net, I can't imagine a huge future for expensive offline advertising. Just my experience as a point of reference.

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MarkTPC comments are all spot on. Agree 100%. Agents dont work at getting qualified buyers, they just want numbers thru the door to wear the seller down. Disgraceful.

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Are you mad oigevay?

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This thread is a little all over the place, but if the topic is about vendor paid advertising then that's one of the many parts of the whole selling system that exists in this country that isn't geared towards getting optimal outcomes for the seller. Probably not a welcome viewpoint for selling agents but I view it as a large net negative for sellers.

If it's about open homes then as a buyer who is regularly buying residential property I vote for them being a good thing for sellers, definitely helps me to schedule a string of inspections for a target area.

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