Sunday, August 13, 2006

...Ans Some Brokers Charge 6% Because?

This last paragragh is from an article in the Asbury Park Press. I thought the advice from Realtor Diane Turton was classic. No wonder why inventories are so high, when you have Realtors dispensing this kind of advice to try to sell homes.

Snip...


[Besides pricing and marketing, presentation also makes a difference.

Cut the yard's grass, mulch the flower beds and paint the house to make it shine.

"You have to make your home stand out," said Diane Turton, owner of Diane Turton, Realtors.

Turton suggests making sure the inside of the home, including the closets, is clean and clutter-free.

"Put an apple pie in the oven. Have fresh flowers in the house as well," Turton said.]

Full article...

25 Comments:

Anonymous Anonymous said...

It shows you what little respect brokers/agents have for the intelligence of buyers. I guess the smell of apple pie is supposed to make the buyer want to overpay by $50-$100K.DT and the rest of them should start working on getting sellers to reduce their prices. I'm a first time well qualified buyer who is waiting this out. I don't care if the house smells like a bakery, I'm not buying until this insanity ends.Oh and when I'm ready to buy, I definitely will not use the broker in this insulting article.

Sunday, August 13, 2006 10:09:00 PM  
Anonymous Anonymous said...

Diane Turton--I get ill everytime I see that skank's mug peering out from a billboard on the southbound side of the GSP, heading south across the Driscoll. You'd be well advised to look elsewhere, qualified buyer Anon. 10:09. Find a realtor who will take you seriously, rather than like a chump.

In a flush market, Taunton branch offices MIGHT get away with not returning calls, or entertaining purchase inquiries from vacation renters--I saw both occur in the span of ten minutes spent waiting in a Turton office in Toms River: a broker blowing off a caller because they came from the Bronx; another broker joking about a vacation home renter who recently left the office "getting grease stains on the windows" while peeking at the posted listings.

Let's see how many Diane Turton branches stay open over the next 3-5 years pulling that kind of crap.

The something-from-the-oven ploy is so tired--strictly Penny-Saver paper homeowner's column stuff. Right now, the only advice brokers should be giving sellers is to throw away any expectations they might have for a seller's market, and start trimming back their prices. The longer properties sit unsold, the more furious the race to the bottom will be when some sellers start panicking.

Sunday, August 13, 2006 11:49:00 PM  
Anonymous Anonymous said...

I have a friend who had a bad experience dealing with one of her agents a few years back. She felt belittled and said she would never deal with that agency again. Also, I would never pay $400,000+ for a house in Brick unless it was waterfront.

Monday, August 14, 2006 1:21:00 AM  
Anonymous Anonymous said...

how much do realtors make?

Monday, August 14, 2006 7:18:00 AM  
Blogger chicagofinance said...

I went on the Hoboken Secret Gardens tour a few months ago. One of the homes had popovers baking in the oven. Believe me, it was very nice.

You never know what will cause a fool to separate themselves from their money. In this kind of market, you may as well get creative and pull out all the stops.

All is fair in love and war.

chicago

Monday, August 14, 2006 9:36:00 AM  
Anonymous Anonymous said...

You mullets can make fun of what Diane said, but it works... It is really easy to be an armchair curmudgeon disparaging everything and everybody that does not fit your profile, but after a little while I bet you find life passing you by as you sit on your butt and belittle and complain!

Monday, August 14, 2006 11:20:00 AM  
Anonymous Anonymous said...

lol! That's funny...he/she would buy a house because it smells like apple pie...LOL LOL

Monday, August 14, 2006 11:55:00 AM  
Anonymous Anonymous said...

The last time I tried selling a house several years ago I had my 3-yr old daughter sprinkle fairy dust all over the place. It worked! Try that instead of apple pie.

Monday, August 14, 2006 1:13:00 PM  
Anonymous Anonymous said...

- lol! That's funny...he/she would buy a house because it smells like apple pie...LOL LOL -

In this idiots world all advertising is done just by listing the facts, in black and white. No need to try and clean the place up, they will see through that! Get real moron, if you want to sell a car do you leave your boyfriends dirty BVD's on the back seat, windshield full of splattered bugs and last months copy of NAMBLA on the front seat? No I bet you get the most recent months one and put it on the front seat.

Monday, August 14, 2006 2:45:00 PM  
Anonymous Anonymous said...

dude, you are one angry and sick pup. But go ahead and make apple pie if it helps you sell the sewer where you live.

Monday, August 14, 2006 3:41:00 PM  
Anonymous Anonymous said...

Throw him a break- he hasn't made a sale in two months and he's fallen behind on his BMW payments. His Sunday's are spent twiddling his thumbs at empty open houses muttering "real estate always goes up". No wonder he's an angry troll.

Monday, August 14, 2006 3:49:00 PM  
Anonymous Anonymous said...

Why would someone take other people's opinions so personally and call them names as well - sounds like a very frustrated seller or agent to me.

Monday, August 14, 2006 4:06:00 PM  
Anonymous Anonymous said...

When I walk into a home and find something baking or scented candles burning, I don't get a cozy feeling. Instead I am concerned with what the seller is trying to hide. The last open house I went to, candles were being burned and my husband noticed a musty smell in the basement.
With prices still high and so many gimmics out there I find myself being very defensive as a buyer. I don't trust realestate agents or sellers. At this point,both are too greedy and the playing field needs to be leveled for first time buyers.
There is the same sense of entitlement being emitted by sellers that I felt when looking for my first job in 2000. The dotcom era led college graduates to believe that they shouldn't get out of bed for less than 50K. A year or so later the same graduates were waitressing and praying for anyone to call them with an interview let alone job offer.
I keep finding realtors that talk out of both sides of their mouth and don't want to even consider a serious market correction. It's very frustrating.....

Monday, August 14, 2006 5:33:00 PM  
Anonymous Anonymous said...

This is one of the most level headed posts I have seen. While dressing up your home is smart, if it is hiding a flaw be aware that it is always better to fix the flaw before showing the home. Diane Turtons advice stands as sound. Fix your home up, polish the brass, clean the windows, get rid of NJCOAST from the basement and basically make it look as best as you can, statistically it has proven to help.

You have to be defensive, even in an absolute buyers market. Never let your guard down. Homes are one of the biggest investments you can make and you really ought to make it wisely.

New home buyers are screwed. The only way to adjust is to move farther away from the job, see my model, and find a way to raise your income. I pole dance.

Trust me the only way to know if a realtor is talking out of both sides, is to watch the lips, if they are moving they are.

Monday, August 14, 2006 5:58:00 PM  
Anonymous Anonymous said...

everybody is baking cookies to sell their house, (its on HGTV/TLC all the friggen time) some people even hire a family of charactors to show how exactly your going to live once you buy the house, (that was on CNBC, a former baywatch actor in fact)its stupid, but so are most people, and they will buy buy buy ,if you let them beleive for a minute that these photo shoot lives exist.

Monday, August 14, 2006 10:37:00 PM  
Blogger quints said...

This isn't new. Did anyone ever see the Chevy Chase movie where he and his wife move from NYC to the country and they hate it? At the end they pay everyone in the town to act like Norman Rockwell characters to sucker in a new buyer. It's funny!
Almost like oil spiller BP showing commercials about "What's your carbon footprint?" No - what's your oil spill footprint!

Tuesday, August 15, 2006 8:40:00 AM  
Anonymous Anonymous said...

I know no one has a crystal ball, but in your opinion, what year do you (blog posters) honestly feel this RE market will bottom and return to its tradition appreciation rate? 2007, 2008, later?

Tuesday, August 15, 2006 9:50:00 AM  
Anonymous Anonymous said...

If rates stay at 5.25 -> 5.75 good neighborhoods that have not been too stupid in pricing, 1 to 2 years stability and weak inventory gone.

Poor locations with lots of speculative inventory, could be as long as 7 years. At least historically that has been the cycle.

Tuesday, August 15, 2006 10:22:00 AM  
Anonymous Anonymous said...

My opinion is a bottom in fall/winter of '07 into early '08. It's obvious that the speculators still haven't caught on that prices are not going higher. Real estate is a bad investment right now. Take your 20% downpayment and put it into Treasuries until the sellers capitulate on price.

Tuesday, August 15, 2006 12:46:00 PM  
Anonymous cbaumle said...

Apple pie in the oven? In this market, this strikes me as a bit like rearranging the deck chairs on the Titanic.

Tuesday, August 15, 2006 2:46:00 PM  
Anonymous "real estate" said...

"real estate"

Tuesday, August 15, 2006 5:38:00 PM  
Anonymous Anonymous said...

When I was house hunting back in 2002, we were working with a family friend who was a Turton agent. We looked at a house in Manasquan that was probably the lowest priced house in town with 3+ BRs.... but it needed sooooo much work. Listed with another Turton agent at 299K, we offered 260K.

The listing agent replied to our offer with a request; "please make another offer."

I explained to my agent that I expected 1 of three responses; Yes, No, or counter offer. "Make another offer" is not a response.

My agent agreed, and told the listing agent so. Listing agent refused to respond differently.

My agent, now furious herself (only a day or 2 behind me!) calls DT herself to discuss the issue. DT's resonse was that the listing agent's counter was the asking price.

Meanwhile the little old lady seller waited several more months to sell her house, probably oblivious to all of this.

Thursday, August 17, 2006 3:01:00 PM  
Anonymous Anonymous said...

Isn't the agent required under law to present ALL offers to the seller? The listing agent works for the seller-to obtain the highest price for the house but this seems to be a common practice - agents hiding offers from the seller either because they don't want to offend the seller or they are afraid the seller might accept and they will make less money. It is highly unethical and I don't know how they get away with it.

Thursday, August 17, 2006 4:21:00 PM  
Anonymous Anonymous said...

The law in NJ requires the listing agent, to show ALL offers to the seller. An offer of a single dollar must be shown.

Mr. Rant

Thursday, August 17, 2006 6:06:00 PM  
Anonymous Anonymous said...

CORRECTION

The law in NJ requires the listing agent, to show ALL offers to the seller, unless instructed otherwise.

A seller may instruct the broker not to show any offers below X.

Mr. Rant

Thursday, August 17, 2006 6:11:00 PM  

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