Comments on: 2009 Year End NWMLS report http://seattlecondosandlofts.com/2010/02/2009-year-end-nwmls-report Thu, 17 May 2012 21:49:38 +0000 hourly 1 http://wordpress.org/?v=3.0.1 By: Negotiation Skills Training http://seattlecondosandlofts.com/2010/02/2009-year-end-nwmls-report/comment-page-1#comment-118585 Negotiation Skills Training Fri, 16 Jul 2010 10:07:41 +0000 http://seattlecondosandlofts.com/?p=4555#comment-118585 Tto ella: great comment. Your point about not paying a negotiator you don't have a contract with is so right. it's something many people don't watch out for and I'm glad you've put it up here. Tto ella: great comment. Your point about not paying a negotiator you don’t have a contract with is so right. it’s something many people don’t watch out for and I’m glad you’ve put it up here.

]]> By: Ben Kakimoto http://seattlecondosandlofts.com/2010/02/2009-year-end-nwmls-report/comment-page-1#comment-103358 Ben Kakimoto Mon, 08 Feb 2010 17:53:26 +0000 http://seattlecondosandlofts.com/?p=4555#comment-103358 @Ella - thanks for the comment. We are seeing more of these 3rd party negotiators with short sales. It can be unnecessary and adds another layer and cost to the process, to the detriment of the buyer and seller. That said, not all are predatory, and in some cases, they can be beneficial and efficient. I personally don't know of any, though, would advise sellers/buyers to avoid them where possible. Sellers - if you list with an agent who specializes in short sales (not necessarily someone with a short sale specialist title) there's little need for 3rd party negotiators. @Ella – thanks for the comment. We are seeing more of these 3rd party negotiators with short sales. It can be unnecessary and adds another layer and cost to the process, to the detriment of the buyer and seller. That said, not all are predatory, and in some cases, they can be beneficial and efficient. I personally don’t know of any, though, would advise sellers/buyers to avoid them where possible. Sellers – if you list with an agent who specializes in short sales (not necessarily someone with a short sale specialist title) there’s little need for 3rd party negotiators.

]]> By: ella http://seattlecondosandlofts.com/2010/02/2009-year-end-nwmls-report/comment-page-1#comment-103283 ella Sun, 07 Feb 2010 15:25:04 +0000 http://seattlecondosandlofts.com/?p=4555#comment-103283 OT IMPORTANT. Short sale in WA State may now have a predatory feature when ... "Once the offer was accepted by the seller, the homebuyer was surprised to learn that there’s a third party involved, a “Short Sale Negotiator” who is charging an additional $9,000 fee on top of the real estate commissions paid to both the agent for the seller and the agent for the buyer. The Short Sale Negotiator is demanding that the homebuyer sign an agreement that the homebuyer will be responsible for paying the $9,000 fee. " http://ceforward.com/?p=123 This is from an incident in WA state. No short sale negotiator is worth $9,000.00, and no money should be paid by the borrower who did not contract with the negotiator. At $100 per hour, this would be 90 hours worth of work. What a rip off. Make sure that you put it in writing that you will not pay a negotiator that you do not have a contract with. If you enter into a contract make sure the fee is not a percentage of the purchase price, contract for a flat fee or hourly fee with a limited number of hours. OT IMPORTANT.

Short sale in WA State may now have a predatory feature when … “Once the offer was accepted by the seller, the homebuyer was surprised to learn that there’s a third party involved, a “Short Sale Negotiator” who is charging an additional $9,000 fee on top of the real estate commissions paid to both the agent for the seller and the agent for the buyer. The Short Sale Negotiator is demanding that the homebuyer sign an agreement that the homebuyer will be responsible for paying the $9,000 fee. ” http://ceforward.com/?p=123 This is from an incident in WA state.

No short sale negotiator is worth $9,000.00, and no money should be paid by the borrower who did not contract with the negotiator. At $100 per hour, this would be 90 hours worth of work. What a rip off.

Make sure that you put it in writing that you will not pay a negotiator that you do not have a contract with. If you enter into a contract make sure the fee is not a percentage of the purchase price, contract for a flat fee or hourly fee with a limited number of hours.

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