tag:blogger.com,1999:blog-2740556909864494483.post7519474183425239726..comments2024-03-22T16:30:48.999-05:00Comments on Key West Properties: Pigs Get what Pigs DeserveGary Thomashttp://www.blogger.com/profile/03006513292595034076noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-2740556909864494483.post-38488816110816517642010-10-19T15:23:44.296-05:002010-10-19T15:23:44.296-05:00Would you ask any other profession to drop their f...<b>Would you ask any other profession to drop their fees for service???? Who writes this crap and above that, who reads and believes it to be true?</b> <br /><br />Thanks, Mom!<br /><br />I didn't write the Pigs blog out of sour grapes. I've done quite well selling short sales and bank owned houses. I know what I am doing. The big banks are screwing with our entire economy. They are making billions on the backs of little people. I'm not complaining for myself, but every dollar they take out of my deal helps some big shot buy something he or she does not need. Whereas money to me gets spent in Key West and keeps Key Westers occupied.<br /><br />Local banks that screw locals, whether it be realtors or service people, is really being mis-mananged. You have one thing in business: your reputation. If you screw somebody local over a few dollars, word gets around. There are plenty of people in my business that I prefer to stay away from. I do not trust them. Why show a listing of some agent that you do not trust? I only do so if absolutely necessary.<br /><br />I used to work in banking. Have you ever gone to dinner with a banker not on expense account? They are the cheapest people in the world. Forget about buying a buddy a meal, they will buy the cheapest thing on the menu. I digress, but they are miserable people. <br /><br />GaryGary Thomashttps://www.blogger.com/profile/03006513292595034076noreply@blogger.comtag:blogger.com,1999:blog-2740556909864494483.post-56644212100033595402010-10-19T13:56:05.049-05:002010-10-19T13:56:05.049-05:00Gary, this is in no way directed at you, but I bel...Gary, this is in no way directed at you, but I believe (and assume you would to) that there are "pigs" on every rung of this mess we're in and have been in for awhile. These pigs include, of course, the big banks and the little banks and the Wall Street fat cats who came up with all the mortgage-backed investment schemes. <br /><br />But, while those pigs enabled the gluttony, a lot of other pigs perpetuated it... developers, Realtors, individual mortgage brokers and even homebuyers (especially speculators). <br /><br />Unfortunately, while the big pigs get bailed out... the smaller ones (and even the developers, Realtors, small bankers and homeowners where weren't piggish) are suffering now. <br /><br />Oh, and to the person who posted that asking a Realtor to negotiate/reduce a commission is insane, I disagree. In today's economy, there are many professionals who find themselves being more flexible about fees. And there are millions of other workers who have had their salaries cut or jobs eliminated. Realtors are not above all of that.<br /><br />Gary, for your sake, I hope the banks wise up and begin working with you and your buyers more thoughtfully in the future!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2740556909864494483.post-61284789714045780122010-10-19T13:07:52.189-05:002010-10-19T13:07:52.189-05:00Saw this on Yahoo! today about selling your house ...Saw this on Yahoo! today about selling your house in a bad market. Here is number 8 on their list:<br />_____________________<br /><br />8. Everything Is Negotiable<br /><br />Negotiate the fee with the broker. The fee paid to a Realtor for selling a home is traditionally 6 per cent. Sellers often believe that they can get that down to 5 oer cent or even 4 per cent. But, in a market where brokers are desperate for business, pressing for 3 per cent or even 2 per cent may work. Whatever the savings are, they can materially affect how much a seller can drop the price of his home and still walk away with a profit.<br /><br />_____________________<br /><br />Who in their right mind thinks 2 per cent is viable? I don't care how bad the market or how much you need the business, asking a professional to drop their commission is insane.<br /><br />Would you ask any other profession to drop their fees for service???? Who writes this crap and above that, who reads and believes it to be true?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2740556909864494483.post-15201962177658101192010-10-18T18:03:20.793-05:002010-10-18T18:03:20.793-05:00http://keywestproperties.blogspot.com/2010/10/key-...http://keywestproperties.blogspot.com/2010/10/key-west-foreclosure-update-and-more.html<br /><br />I discussed the last comment/question in the blog -- link shown above.<br /><br />I heard today that Bank of America is re-instating the foreclosure process in all but two states (and Florida is not one of the two). Otherwise, I don't see the freeze as anything significant. Banks will get over their fear of foreclosing the wrong property because there is too much money out there. They can't sit back and do nothing.<br /><br />If you watch the Key West mls like a hawk, and I know there are lots who do this, you have noticed the mls has been super quiet for the past 3 weeks. Very few new properties and very few solds. I said the inventory is down. It is way down. There will be new listings in late November and early December-just in time for season. I said I expect prices on some properties to go up because of the scarcity of nice houses in Old Town. <br /><br />GaryGary Thomashttps://www.blogger.com/profile/03006513292595034076noreply@blogger.comtag:blogger.com,1999:blog-2740556909864494483.post-8281982319638609832010-10-18T15:19:16.394-05:002010-10-18T15:19:16.394-05:00Gary,
Sort of related question: how do you see th...Gary,<br />Sort of related question: how do you see the freeze on foreclosures affecting Key West in the near future?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2740556909864494483.post-42643582731170401622010-10-18T12:31:16.211-05:002010-10-18T12:31:16.211-05:00Yes, All the time, but not by all of the banks. Ba...Yes, All the time, but not by all of the banks. Bank of America, one of the big bonus banks, uses cutting commissions to help pay the bonuses to the guys that really earn their money-not the little people who make sales actually happen.<br /><br />It also happens on many short sales. Banks are stingy with commissions there as well.<br /><br />GaryGary Thomashttps://www.blogger.com/profile/03006513292595034076noreply@blogger.comtag:blogger.com,1999:blog-2740556909864494483.post-61436678100705334972010-10-18T11:33:34.621-05:002010-10-18T11:33:34.621-05:00Do they often ask a Realtor to cut his commission ...Do they often ask a Realtor to cut his commission to make the sale go through? That seems to me to be very petty on the side of the bank when they know they have a strong contract and they want to argue over a few dollars.Anonymousnoreply@blogger.com