After working on a couple of transactions through Relocation Companies who refer clients to me, I have no qualms regarding the ‘fees’ they charge. WHY? Our commission is always negotiable. For another, I’ve gotten referrals from other brokerages that desire the same % for their referral fees anyway.
And bottom line….something is better than nothing.
Many of you will not agree although if you’re in a market where the agent to household ratio is one agent to every ten households (okay, a little exaggerated but it sure seems that way sometimes lol) you're happy when a referral comes in. In any case, what’s the difference between a relocation company fees and a brokerage referral fee?
In this market, the seller is most likely upside down (regardless if on loan or losing money they put into the property) if they bought during the years of the boom.
It was a BOOM indeed, as that boom created a crash unlike any other in the real estate market in my lifetime.
And now…there are government workers who need to relocate back to the mainland (Continental U.S.) and use the services of a relocation company in selling their home so they can ‘save’ on much of the closing costs in hopes they may ‘break even’.
If it can save the seller some heartache for the loss they will be taking and by all means to avoid a short sale…. I am there for them. If they put thousands of dollars into the home and can ‘save’ a few bucks going through a relocation company…by all means, I most likely would do the same thing if put in that position.
Helping, servicing and sometimes giving back…..
Celeste "Sally" Cheeseman is a Realtor-Associate® and Certified Residential Specialist (CRS) with Century 21 Liberty Homes in Mililani, Hawaii. With a sharp understanding that a listening ear is the key to a client's needs she serves the island of Oahu (Honolulu County) and all Hawaii Military Relocations, Hawaii Retirees, Hawaii Job Transfers and Hawaii Residents, Home Buyers and Sellers.
© 2007-2015 Celeste "Sally" Cheeseman's
Hawaii Real Estate and Relocation Blog.
All rights reserved.