10 Things Your Real Estate Broker Will Not Tell You

[badmomma]

1. "Your open house is really a party for me."
Hire a real estate broker to sell your home and one of the first things he'll likely suggest is hosting an open house, so potential buyers can casually check out your property on a weekend afternoon. While open houses are promoted as a great way of finding a buyer, a National Association of Realtors study found that their success rate is a mere 2%.

No matter. Having an open house serves another important purpose - for the broker. "It gives him a database of clients," says Sean McNeill, an independent real estate broker based in New York City who says that he buyers. "At open houses, you get all kinds of people walking in. Some are [trying] to see how much they should sell their own places for; others just want to get a look at what's out there." All are perfect pickings for a broker looking to increase his roster of buyers and sellers. "Think about it," McNeill says. "The broker is devoting a couple hours of a weekend. He won't do that unless it helps him in a big way."

2. "My fees are negotiable."

more here:http://finance.yahoo.com/real-estate...#39;t_Tell_You

[JaredfromIndiana]

Wow... great article. Very funny and oh so true...

[flippinout]

These things are invaluable as far as information goes and there are many of them that people just would not be aware of.

The one about having no offers really steams me. It shouldnt matter what the offer is, the seller has the right to know about each and every offer that is made so that they can make an informed decision on whether they want to sell for lower or not.

[badmomma]

I thought that this one was great. We all need as much information as we can get. The truth is always the most important but we aren't always going to get that. There are things that they legally can't share and lord I wish they could. My neighborhood has issues that I wish I had known before we moved in.