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closetohumping

Burnt Ends
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Posts posted by closetohumping

  1. 7 hours ago, Captain Obvious said:

    Miami dark magic strikes again, they end up winning even after faceplanting in their offseason pursuit of Beal or Lillard.  They weren't getting by Boston this year, let alone Denver/OKC/Minny.  Maybe they somehow shuffle deck chairs along with Phoenix and get Durant since Ishbia is probably going to do something stupid again.

    Not sure if KD has enough juice to put them over the top.  I’d like for KDto leave Phoenix though.  Maybe he’s best as a two in Dallas.  

  2. On 4/25/2024 at 8:27 AM, Texzilla588 said:


    I don’t. He’s not a comedian nor is he much of a cook. The runners were apparently desperate to have a tie into The Bear. Neither Matty nor Kish could explain the challenge, the chefs didn’t understand it, we didn’t quite get it. And the haughty comments especially from Marty. “The simplicity makes it chaotic!” Next: “the complexity makes it chaotic!”

    And yet you have the Great Tosi in the building who was always a great judge on MasterChef, who thrived with David Chang, and is a food genius. What a waste. She would have been an ideal guest judge.

    Michelle, Soo and Dan are the only chefs here I like. Glad to see that irritating one sent home.

    Soo seems a bit contrived and a try hard

  3. On 4/26/2024 at 6:55 AM, Texzilla588 said:

    Padma was part of the problem. She’s been wanting to leave for years but the money was good. She was just so done with it.

    I don’t think location is ever an issue. The local foodways are never the driving factor for much of the show except for mostly paid placements. Miller beer.

    The issues this season are like most of recent seasons. The show is a huge time suck for working chefs. 6-10 weeks is a long time. The issues this season are mostly cooking technique and planning issues, combined with some fairly dull talent.

    Does Tom have equity in this show?  Hard pressed to believe he’s ok with this season

  4. 7 minutes ago, LCHorn said:

    The fact it’s 50-50 is immaterial.  The listing agent offered to list it for a reduced rate.  It’s customary (but changing) for a buyer’s agent to expect to be paid 3% and obviously they have to be flexible about that, at times.  
     

    There’s also this presumption (in the recounting) that the buyer was unaware of all of this and lost out on a house because of it.  Obviously that might be true, but it also might be true that the buyer was on board with countering that the seller’s agent should give up that extra .5% of their commission.  Usually buyers are pretty loyal to the agent hauling them around every weekend and agents are usually pretty good about creating relationships, which is why they are in this business in the first place.  

    So when you bring a buyer to a listing , do you already know what your commission will be?   It’s listed in the mls right?

  5. 2 minutes ago, LCHorn said:

    Yeah, that sounds to me like a listing agent who took the listing at a cheap rate and wants the buyer’s agent to make up the difference.  Most buyers agents would be happy to do a deal for 2% commission, but being forced to do so with no negotiation I’m sure results in push back.  
     

    There’s a reason why the otherwise reprehensible big builders go to great pains to advertise their homes with 3% to the buyer’s agent.  You don’t want to do anything that discourages a buyer’s agent from bringing the buyer in.   
     

    Also, you essentially had five offers, four at $2750 below list (because the way to easily negotiate this is have the buyer pay more and the seller rebate it back to the buyer’s agent) and one at list and you took the one at list rather than try to get more money?  If I’m an agent and I’ve got five offers, all within 2% of list I’m going to give everyone a chance to increase their offer.
     

    Right but it was a 50/50 split per the post.  They both walk with 13k plus.  Yes sounds like normal is 6% though I know for higher end homes you don’t get 6. 
     

    im not a real estate agent.  I guess if I’m the buyer agent I take the 13k and move on?  If I’m the buyer I may find another agent.  
     

    the seller agent listed the commission right?  As the buyer agent you know walking in what you were gonna get paid and commissions are negotiable.  I’ve even heard of buying agent s giving up a portion of commission to close the deal and move on

  6. 18 minutes ago, LCHorn said:

    Something about the math on that story doesn’t make sense.  Usually a listing agent putting it on MLS at a reduced commission isn’t expecting that to come out of the buyer’s agents pocket.  
     

    This sounds like a greedy listing agent to me and not something that only just started to happen because of the NAR settlement.

     

    Not sure. Per the post it was a 50/50 split 13k each side.  So on a 500k home the selling agent only paid 2%?  Maybe that’s normal for expensive homes and I guess 500k is a lot in the Midwest.  Curious what was the verbiage between buyer/buyer agent?  Losing 13k over 2700 and your clients is homeless?  Meg

  7. 8 hours ago, Gravy Train said:

    ...and somewhere in that wild scenario, the buyer's agent never shared this conflict with their clients over an opportunity to make up for the lost commssion at closing, but instead remained mum and lost the deal for their client?  Sounds like a bunch of bullshit, but now that this lesson has been learned, the client has enough motivation to tell their agent to fuck off and buy without representation altogether.  In a sellers' market, that seems like the route to me.

    Or maybe this agent is woefully behind the times and realizes they need to :checks bootstraps: and find more sellable inventory while trying a more honest approach with his/her clients on future buyer representation.  

    We're not exactly in an extreme sellers' market anymore; the story above already hints at challenges to find qualified buyers, but at the same time, the number of NEW SFHs for sale has risen to 477,000, the highest level since the 2008 Financial Crisis, so read the tea leaves.

    Seller accepted another offer?  Not sure of their location. 

  8. 7 hours ago, Gravy Train said:

    ...and somewhere in that wild scenario, the buyer's agent never shared this conflict with their clients over an opportunity to make up for the lost commssion at closing, but instead remained mum and lost the deal for their client?  Sounds like a bunch of bullshit, but now that this lesson has been learned, the client has enough motivation to tell their agent to fuck off and buy without representation altogether.  In a sellers' market, that seems like the route to me.

    Or maybe this agent is woefully behind the times and realizes they need to :checks bootstraps: and find more sellable inventory while trying a more honest approach with his/her clients on future buyer representation.  

    We're not exactly in an extreme sellers' market anymore; the story above already hints at challenges to find qualified buyers, but at the same time, the number of NEW SFHs for sale has risen to 477,000, the highest level since the 2008 Financial Crisis, so read the tea leaves.

    Gave up a 13k commission because they were entitled to 15k?  Now they have zero and their client does not have. A home.  It’s a world I don’t understand obviously.  Also maybe that 2700 delta is important to the clients qualification 

  9. Saw this at a real estate group:

     

     

     

    Long. But worthwhile:


    Well, I just seen how the new commission structure is going to harm Buyers. 

    We had a $550,000 listing in the MLS and a buyers agent brought a buyer, the agent was unhappy with the split we were offering. Keep in mind that the split was half of the listing commission. The listing agent was making no more money than the buying agent. However, the buying agent had exclusive buyers agent agreement that entitled them to just a little bit more commission(.5%)This offer had about four counter offers and each time the agent asked for the additional commission and the seller said no. All other terms of the contract had been agreed to except for this additional commission meanwhile, another agent come in and wrote a similar price offer without asking for the extra commission. The seller agreed to accept that offer. 
    So this exclusive buyers agency agreement cost the buyer their home and I bet they really didn’t care whether their agent made this additional amount of money. They just wanted the house.  as a broker owner I cringed to think of the liability this agent just put her brokerage into with the buyer losing the house over this small amount of commission that they wanted.

    To expand on the above ;
    The buyer lost the house because the buyers agent wanted an additional 2750 in commission. The buyers agent was told on three separate counters no. At the end of the day, the buyers agent ended up with a no sale so holding out for an additional 2750 cost the agent the sale and 13750 in commission. I see a lot of comments where they say well I’m worth this or I’m worth that at the end of the day. If you do not get it a closed deal with that buyer you make zero. we all know how hard it is to find homes for buyers in this current market. Their contract might run up with this buyer and they will go elsewhere since they’ve lost a house that they bid full price on and lost due to commission. 

    Also, the seller did not give the buyer the chance to remove this from their last counter offer as they received another offer without that request,  so they just accepted the other offer. Maybe if we were in a buyers market these buyers could be requesting all this commission restructured in the contract but in a sellers market it is going to be very difficult.

     

  10. 1 hour ago, FreeHorn said:

     

    Penix uses the extra year to show he can stay healthy and has a magical run. No way he is a first rounder with the extra year. 

    Pretty sure he was waiting to withdraw his 401k without incurring penalties 

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