I’m not going to spend too much time on this… but I received a flyer this week from a local builder promoting 6% (!!!) buyer’s agent commissions on a new development in Reunion… which happens to be at the epicenter of “foreclosure alley” out on the east side of town.
This particular builder is promoting high end homes – they call them “gourmet homes” – in an area that has just been killed with foreclosures. And the carrot is that they’ll pay brokers $30,000 or more (6% of $500,000, for example) to put a buyer under contract by March 31st.
Isn’t this one of the main reasons we led the nation in foreclosures in 2005 and 2006?
I would not do that to my clients, for any price. Would you?
This particular builder is promoting high end homes – they call them “gourmet homes” – in an area that has just been killed with foreclosures. And the carrot is that they’ll pay brokers $30,000 or more (6% of $500,000, for example) to put a buyer under contract by March 31st.
Isn’t this one of the main reasons we led the nation in foreclosures in 2005 and 2006?
I would not do that to my clients, for any price. Would you?
