Need to decide on a realtor for home purchase. Here's the comparison

Agent 1
Female w over 10 yrs exp
100 plus transactions closed in the past 12 months
15 percent buyer rebate

Agent 2
Male w over 8 yrz exp
4 transactions closed in the past 12
25 percent buyer rebate

Both seem pretty sharp over the quick screening call. Who should I pick? Leaning more towards #2 as of now, as he provides more buyer rebate (which should be $1k+ extra cash for me) and he should dedicate more time, thoughts?

funny
Posting as :
works at
You are currently posting as works at

How hot is the female

funnylike

That's not always the case.

It could be that the woman is on an awesome team so they share cases. They also seem to be on top of their work and can probably provide better service/more expertise.

The guy sounds like he's by himself. He might be laid back or he might have a full time job outside of real estate since he's only closed 4 transactions. I heard a cop who was a part time agent. He would take 4 days to get you an answer whereas people who do real estate full time get back to you immediately.

I would go for the woman only because more focused work.

like

I don't think it'll hurt if you give the guy a try. See what happens and if he doesn't meet your standards, choose the woman

That buyer rebate should be tossed out of decision making process as $1k cash is practically a rounding error. A good agent can make you a lot more than that.

Timing, staging, photos, open house, marketing, network, etc. A good agent can tip the scales in so many ways. I’d go with the woman who has 100 transactions on her resume ….

like

How is your knowledge of the real estate market? Why has he only closed 4 properties compared to her 100?

An extra 25 or 30 basis points reduction in fee isn’t a huge deal breaker.

like

Neither, go straight to the selling agent of the house you're interested in, they'll give you much more rebate as they're taking the entire share of the commissions

funny

Lol for thinking realtors do work

With 10+ purchases under my belt, all with the same realtor, I can honestly say it doesn't matter who your realtor is if you do not have a long-term relationship with them.
I know this won't be popular with the realtor group, but they have very little to add in the current market, without some type of long-term relationship.
With the purchasing I have done, my realtor puts me at the front of the line for a property over others that come along simply because he knows I will continue to purchase with him regularly. His real estate company also thinks of me first when a new property comes available, sometimes giving me the opportunity to make an offer on the property before it hits the open market.
Your attorney will be involved in any important decisions, worry about that role more than who your realtor is.

like

Are the sizes comparable

And could the first be deals on which she colisted?

Which one did you feel you got along with better? Did one feel like they were easier to talk to?

In my experience, realtors are just pushing for a sale so they make their cut. You never want to deal with a desperate real estate agent or lawyer cuz they’ll their financial interests above yours.

I am a part time realtor and since my livelihood is not dependent upon my client sale, I never push them for a sale or ever show desperation and keep their benefits above my commission. I also give 1% commission back as the buyer credit. In my area, max commissions are 2-2.25%

Making that decision over $1000 seems very short sighted

@EY - which did you go with?

Related Posts

Someone give me a play to dump all my money into. Expecting a 10x return in a week

funnylike

How long of a commute would you consider to be too long? First year associate trying to balance convenience with living more frugally to save up some more money.

like

I don’t play with options much, but I happened to buy VERU calls for 2/19 a little while ago and now it’s skyrocketing, it’s up over $1k for me- will it keep going up? Should I just take the profits now and be happy?

like

What other cards to add to my collection? I have AmEx Platinum and Chase Sapphire Reserve. Fly Delta so AmEx is handy for lounges. Use Sapphire for dining/travel. Should I add Chase Freedom Unlimited?

like

I work in sf and Nyc and have now saved enough where I’m wondering if it makes sense to buy rather than rent an apartment as an investment. Tricky part is I’m still quite young and this wouldn’t be my lifelong/family home. Have also considered buying in less metropolitan areas and renting them out for passive income. Curious if anyone’s gone through this process before and have thoughts ?

like

How was your tax season?

like

Hi new to dfw area looking to buy a house. How’s the commute downtown from Frisco/McKinney area?

like

Columbia MBA Students - what are your living expenses (not including rent and utilities) like every month? Just trying to get a sense

like

How did you get into real estate?

like

Has anyone made a big bet to try to attempt to retire early? It seems like everyone in this bowl focuses on traditional, conservative investing. Going that route I’m gonna be a wage slave all my life

like

What are your plans for your tax return? Looking for some ideas that are reasonable, Thx.

Any McK fuel people in here? Kinda curious about this segment in reference to deal structure. Is it all commercial debt?

like

What companies do you recently regret not investing in?

like

Does having student loans impact your ability to get a mortgage?

like

How much rent amount should I pay to get maximum tax deduction?

Is it crazy to put down 50% if that down payment amount is almost 50% of your net worth?

like

Did anyone get a jumbo loan with less than 20% down?

like

Newbie trying to get a better understanding: is it better to max the 401K or just hit company 401K match and max Roth IRA first?

like

Off topic

Is there any low interest or interest free loan policy available in thoughtworks?

Current employees, please comment...

like

More Posts

Anyone in here lives in the DMV area?

like

Being a male and Asian really sucks.

Any administrators looking to move facilities or jobs? My company is hiring administrators, if you live in NJ or even close to and want to know more please dm me.

like

What are some of your recos for the best comms/PR books and sites to learn more deeply and further your knowledge in your role?

What’s one area of your spiritual health that you’d like to see improved?

Personally ’d like to be more disciplined in my daily Bible reading plan. Oftentimes I read through but don’t really absorb it or stop and really dive in on what I’m reading.

like

Hi Fishes,

I'm working in Wipro last year on 25/11/2021.. i have joined Wipro as fresher TRB band but still i didn't received any hike and band progression till now... I have not joined through campus placement... Please guide me when I'll be eligible for hike ...

like
like

Hello

What is notice period for EY GDS? (60/90 days)

like

Loving this new bowl! Please share your favorite business books with me. Topics of interest are personal finance, career, entrepreneurship, and life-work-balance and joy.

like

Here’s my current top shelf collection. What do I need to get next? (I’m thinking Henry McKenna, EC SB/TB, Willet, EHT SB/BP)

Post Photo
like

I’m planning to buy the study materials for the SHRM-CP certificate through Amazon. What are the best ones to obtain?

likehelpful
likesmart

What’s the current WFH model @Merck ? Are they doing a hybrid schedule? How many days?

like

Hi - Can anyone share some light on the EY-Parthenon GDS service line? Is it similar to overall EY GDS or are there any EYP related differences? I heard they support the EYP case teams and work-life balance is a challenge.
Any EYP professionals here please weigh in with your thoughts.

like

Hello fishes,

Please help i am Lead associate at 7 LPA CTC. Can I expect 10 LPA CTC in my next cycle progression/promotion.

Please help experience person.

Thank you

like

Should you get paid more to go into the office?

likesmart

Favorite mobile strategy games? (iOS) Would be great to find something I can also play offline

like

Why is this bowl so quiet ?

I was in the office (pre-c19) on the Friday after thanksgiving so I could get some stuff done while it was empty. A peer Director was also there and asked me for help with something. I helped him a for while, then he said, “this is really helpful, I have to go to an all team meeting for 30 minutes, but could we finish after that?” Me: “an all team meeting today?” Him: “yeah, I always schedule an all team meeting on days like this so people can’t pretend to wfh when they are really on pto.” smh 🤦‍♂️

likeupliftingfunny

Additional Posts in The Real Estate Bowl

I would like to learn more about development and real estate. Can anyone recommend any books or courses that you think are informative. Eventually I would like to own a few apartment buildings, but I know there is a lot I need to learn 1st. Any advice appreciated. 

like

Under contract to buy my first home - house hacking a triplex. Property has been leased by the same three tenants for the last 5+ yrs, rents haven’t been raised since they moved in. Market rents have risen 70-100% in the same timeframe. All seem like ideal tenants (retired and take great care of the units) but I’d like advice on how to approach the rent increase conversation. Rents don’t make/break my mortgage payment but I’m leaving a lot on the table if I don’t increase significantly.

like

What is the term for giving your home buyers a credit for immediate renovations they will have to do before or upon moving in? And how does it affect the seller?

like

We are renovating a condo and the previous owner had two Crane toilets (not sure how old, but functioning although seals are old according to our contractor). Back outlet flour mount ones are the only options for the building, and one toilet can cost $300-$500.

We are redoing all the bathroom tiles and walls and debating what we should do with the two toilets. Would resealing the toilets extend the use life? Or should we just replace the toilets? Any other recommendations? TIA!!

like

How did you decide where to live? Have a young family, working remote, and currently living in a city. Looking to move to the suburbs but a bit overwhelmed with the number of options. Also struggling since we don’t live close to family and don’t like the areas family members currently live in.

like

Recently freed from the consulting game (starting end of next week) with a great severance and new energy around RE. Closed our first REPE fund last year as well as a sizeable personal portfolio in a large midwestern city, all on the side.
If you’re accredited and interested in putting some $ to work in this super low yield environment, ping me! Ramping up the next fund soon.

like

For any of you real estate investors, what tools or sources did you learn from when getting started. Can’t find a mentor currently so want to find some highly recommended books or videos. If focused on the tri-state area (NY, NJ, Long Island mainly) that would be even better. My hope is to buy and rent out a apartment while also owning a house and house hacking that by renting part of it out. Trying to understand all the steps, traps, and how to find if it’s a good investment.

like

For anyone that has bought a townhome from Lennar, are the walls fairly well insulated for sound?

What, if any, were your main complaints?

like

Is it common for HOA to ask you to prove your car registration is up to date?

like

Hi guys! Looking to learn about real estate investing! I am a senior in college graduating with a degree in finance so I understand certain aspects, but am looking to learn more on my own about real estate specifically!

What books would you recommend I read?

like

Hi all, I’m in the north east metro area and due to the current RE market we decided to look into PA specifically Lancaster. Anyone in this market and have any thoughts on where it’s headed? We’re looking purchasing a single family property all cash at 110k that rents for $1100 a month. The last owner bought for 35k like 15 years ago 😩 but hoping buying and holding for a few years will give a equal or greater returns over the long run.

like

Hi all - any advice for a first time real estate investor looking to make their first purchase at the end of 2021.

I plan on saving $50K, for a $350-400K property in the Long Island, NY area for my first property. Does this sound reasonable? And does anyone have any experience & advice investing in the LI area?

Id like to rent it out for some positive cash flow that I can then start using to save for my 2nd property (sounds easy when I type it).

Thanks all for your input - stay safe!

like

This isn’t relating to investing but we are looking buy a SFH in South Orange NJ. We are have a 2 yo and we are moving from Sacramento. It is a close to a train station to New York.
Does any one here have any info, good or bad things to know about the area. We toured 3 different homes and they were relatively affordable by (600-750k) and it seemed like a small town community but we are not familiar with east coast/ New England. It’s going to be our first move there.

like

Hey everyone, curious about pros/cons and profitability of renting out a unit long term vs AirBnB. Let’s say it’s a condo downtown in a big city, how do you figure out what’s the better option?

like

If you living currently in a home and looking to buy another home but plan to put only 10% on the new home, can I pay the remaining 10% after selling my existing home in 1-2 months .. and get the PMI

like

How much should I invest in buying a HOME as my primary residence.

Current TC: 200k
Net worth: 300k, readily available 170k in stocks, hysa and cash
Current rent: 2000 per month
Age: 30

Wonder if anyone has any excel model or a rule to determine how much I can afford or should go for?

like

From a financial standpoint in this market, which would be a better approach in Austin -

1. Buy a ~8-850k house that meets most of our ideal criteria (size, schools, interiors etc) to stay long term

2. Buy a ~5-550k house that’s not ideal with the plan of moving into an ideal home in 4-5 years when kid is ready for school.

How easy is it to get a mortgage for the second home?

Household income - 300k

Happy to add more details as needed

Thanks

For people who recently refinanced, bought or is in the process of buying a new home, what APR did you get?

like

Help needed: No idea where to look or how start housing search. Household income (myself + wife, no kids...perhaps in 3-5 years) is $250k pretax and we are moving to Indianapolis (so looking at Zionsville, Carmel, Fishers area). Any idea how much house we can afford? Good resources to conduct the search? Any help appreciated.

like

Thinking about investing in a 3-4 unit building in Chicago (Jefferson Park, Avondale, Bridgeport, etc.). Is the upcoming winter a good time to do so?

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal