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kryzak
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How are you filling the void, post R2? 14 Jan 2008, 09:03
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bewakoof
I can't believe no one said stare at the wall :)
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look at my #10 :P
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aviroop
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How are you filling the void, post R2? 14 Jan 2008, 11:48
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Compose long ..verbose love letters to schools where I am waitlisted....

Pray I get admitted.

Join a voodoo cult.. perform some animal sacrifices and rituals..

Repeat process until I invoke the spirits
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branson
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How are you filling the void, post R2? 14 Jan 2008, 11:55
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BCC145
kryzak
...
8. Learn how to sell my place myself (to save the 6% fee that realtors charge). Anyone have an idea or can point me in the right direction?
...

I sold my condo in the U.S. before I moved back to my country and so I will give my 2 cents. The drawback in selling yourself is you don't have the access to all the potential buyers - I believe this is where you will get the most value in hiring an agent. Of course, it depends on the market. If your market is hot (a lot of buyers ... I doubt this is the case these days but each market is different) then I think you can get a good offer. If not then I would go with hiring an agent. I was actually satisfied with my agent; she was very nice and worked pretty hard for me and I ended up with a good offer. The key is of course to find a good agent that you feel comfortable with (easier said than done). :)
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Did you read Freakonomics? I think Levitt has a few thoughts on real estate agents, I forgot what they were. Anyone?
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uphillclimb
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How are you filling the void, post R2? 14 Jan 2008, 11:57
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aviroop
Compose long ..verbose love letters to schools where I am waitlisted....

Pray I get admitted.

Join a voodoo cult.. perform some animal sacrifices and rituals..

Repeat process until I invoke the spirits
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Y'know, I'm down with the whole animal sacrifice thing...but I have to wonder. I know it's accepted lore that spirits like blood, but what if the one spirit you're trying to invoke really digs chocolate instead? Or fluffer-nutter sandwiches?
Plus I just felt so guilty gazing down at the neck of the writhing chicken in my hand last night.
Oh well. Ya gotta do what ya gotta do, I guess.
:lol: :lol:
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How are you filling the void, post R2? 14 Jan 2008, 13:48
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branson
Did you read Freakonomics? I think Levitt has a few thoughts on real estate agents, I forgot what they were. Anyone?
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that they work akin to a medieval guild?

and what on earth is a fluffer nutter sandwich :?:
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uphillclimb
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How are you filling the void, post R2? 14 Jan 2008, 14:09
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solaris1
branson
Did you read Freakonomics? I think Levitt has a few thoughts on real estate agents, I forgot what they were. Anyone?

that they work akin to a medieval guild?

and what on earth is a fluffer nutter sandwich :?:
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A fluffer-nutter sandwich is a uniquely American concoction, consisting of a sandwich made of white bread, peanut butter and marshmallow fluff. People generally fall into one of two camps on this: either it is the most delicious decadent treat they've ever had, or utterly abominable.
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BCC145
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How are you filling the void, post R2? Updated on: 15 Jan 2008, 00:14
Originally posted by BCC145 on 14 Jan 2008, 21:30.
Last edited by BCC145 on 15 Jan 2008, 00:14, edited 2 times in total.
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branson
BCC145
kryzak
...
8. Learn how to sell my place myself (to save the 6% fee that realtors charge). Anyone have an idea or can point me in the right direction?
...

I sold my condo in the U.S. before I moved back to my country and so I will give my 2 cents. The drawback in selling yourself is you don't have the access to all the potential buyers - I believe this is where you will get the most value in hiring an agent. Of course, it depends on the market. If your market is hot (a lot of buyers ... I doubt this is the case these days but each market is different) then I think you can get a good offer. If not then I would go with hiring an agent. I was actually satisfied with my agent; she was very nice and worked pretty hard for me and I ended up with a good offer. The key is of course to find a good agent that you feel comfortable with (easier said than done). :)

Did you read Freakonomics? I think Levitt has a few thoughts on real estate agents, I forgot what they were. Anyone?
Show more

I haven't read Freakonomics but I did search around.

From what I could gathered, Levitt argues not to hire a real estate agent because real estate agents do not have your best interests. For example, if the agent sells your house for $100K, the agent’s commission would be $3.0K (assuming both buyer and seller have an agent). So if the agent sells your house for $110K, his/her commission would increase by $300, which, Levitt argues, is not enough incentive for him to go that extra mile.

I think there are flaws in Levitt’s argument though. First, although I imagine there are sellers who could be pressured into a sale, it is you who decide to sell at what price. Second, some sellers absolutely need to sell within a specific timeframe and so hiring a real estate agent can help to find buyers quickly in this situation. Finally, if you have a very specialized place, then I think an agent can help to connect you with the potential buyers. In my case I had a 1 bed / 1 bath / high-ceiling unit and so I wasn’t looking for regular, family buyers.

The point I wanted to make was it might be worthwhile to consider hiring an agent too. Just my thoughts … :)
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ApolloLuna
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How are you filling the void, post R2? 14 Jan 2008, 22:01
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Here's something for all you Round Two-ers looking for something to do to fill up your (rediscovered) free time!

https://www.free-online-word-search-puzz ... ograms.htm
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branson
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How are you filling the void, post R2? 15 Jan 2008, 02:37
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BCC145
branson
BCC145


Did you read Freakonomics? I think Levitt has a few thoughts on real estate agents, I forgot what they were. Anyone?

I haven't read Freakonomics but I did search around.

From what I could gathered, Levitt argues not to hire a real estate agent because real estate agents do not have your best interests. For example, if the agent sells your house for $100K, the agent’s commission would be $3.0K (assuming both buyer and seller have an agent). So if the agent sells your house for $110K, his/her commission would increase by $300, which, Levitt argues, is not enough incentive for him to go that extra mile.

I think there are flaws in Levitt’s argument though. First, although I imagine there are sellers who could be pressured into a sale, it is you who decide to sell at what price. Second, some sellers absolutely need to sell within a specific timeframe and so hiring a real estate agent can help to find buyers quickly in this situation. Finally, if you have a very specialized place, then I think an agent can help to connect you with the potential buyers. In my case I had a 1 bed / 1 bath / high-ceiling unit and so I wasn’t looking for regular, family buyers.

The point I wanted to make was it might be worthwhile to consider hiring an agent too. Just my thoughts … :)
Show more

Thanks for the research. That was it exactly. Since I have no experience with real estate agents, I cannot chip in, but I guess there is some truth to his argument. At the end of the day, you might know the correct market price for your home, the agent does. If he sells below market price, he only forfeits a small amount of money but is likely to make the deal sooner rather than later. Than gives him certain incentives to screw you over.
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