Team DiMuria Katy Texas Blog: May 2007

Questions We Get About All Types of Real Estate Firms!

We receive quite a few questions about our competition and other agents selling in the Katy area (and for that mater around the City of Houston). The questions come to us about services offered and what we can do for them that another agent can not...or will not do. We know that quite a few agents advertise FULL SERVICE FOR LESS!

It is difficult to tell what they mean by FULL SERVICE but sometimes the name will tell you that you are receiving limited services. If a firm name is asking the owner to sell the home (sale BY OWNER) or that it will ASSIST the owner, or they will HELP the owner sell...you should have a good idea about how much services you will receive.  

We feel strongly that clients receive the largest bottom line when they appeal to all buyers...from all the sources available! When firms have limited Internet capabilities, limited advertising budgets, no office tours, no virtual or visual tours, no office represented open houses, no home flyers or full house brochures, no ONLINE SELLER"S ADVANTAGE, and limited hours, you will likely stay longer on the market or be forced to price lower.

We recently had a home go up for sale in our neighborhood that listed for $65000 below value by a limited service agency. The home quickly sold for about $30000 OVER list price. The seller was very happy and felt the limited service agent had done a GREAT job. The seller still does not know that they could have made an additional $30-35000 on the property with a good full service broker. Even when paying any possible additional commissions the seller would have come out way ahead.

Part of the deception of some limited service brokers is the claim that they will sell the home for a very low commission. A recent example was a client who listed with us after interviewing our team and a limited service broker that promised to ASSIST them in selling the home for less. The promise in this case based on the ad they looked at was that the firm would sell the home for $2995. They had a very nice $200,000 home. They did not realise that they would still be paying the buyers agent 3%. They would also have to pay extra to put on AD-ON's like a Visual Tour. When all was said and done the commission structure between the Limited service broker and the Full service broker (our team) was very small. When the client saw all the additional services they receive...and the best negotiating capabilities in the city (OK that is a brag...but we believe no one is better at getting you the best deal) they chose our team.

I often ask my clients...do you really want a sign in front of your home that says "we are a discount house" ....Rolex does not sell watches at Wal-Mart for a reason!!!

We feel very strongly that FULL SERVICE is NOT: putting the home in MLS, a Sign, and a Lock Box...it is a lot of work...but worth it for our clients!!!

2 Story For Sale in Cinco Ranch West

• 2,367 sq. ft., 3 bath, 4 bdrm 2 story "Traditional Style" - MLS® #6049309   $235,000 - Upgrades Galore!

Cinco Ranch West, West of Grand Parkway  -  This Wonderful 4 Bedroom 2 1/2 Bath Cinco Ranch Home has it all! Large Oversized Lot that Backs to the Neighborhood Park, Beautiful Front Porch, Covered Patio in Yard, and Positioned quietly in the back of the community! Lots of upgrades including Granite Countertops, Stainless Steel Appliances, Maple Cabinets, Tile flooring throughout Formal Dining Room, Den, Halls, Kitchen, and Breakfast Room! Huge Gameroom on 2nd floor is great for keeping the kids entertained! EVEN THE WASHER, DRYER, and FRIG are included!This home feeds Great KISD Schools, and is close to Pools, Parks, Shopping, I-10, the Westpark Tollway, and the New La Centerra Mall! This home will not last long!

 

Limited Service Realtors vs Full Service Realtors/60 Minutes

This is a very touchy subject. First we need to say limited service...not discount. Discount implies you get the same service for less money...this is not the case...you get less service for less money. I have no issue with limited service Realtors, I think it is a viable alternative for clients who truly do not need full service. The distinction between level of service must be made. When I see two people in a double wide do a For Sale Buy Owner commercial say they saved $30,000 I realize how much work needs to be done to let clients understand how much a full service broker does. Limited service Realtors usually provide a lock box, MLS entry, a simple flier, and will give you advice on offers. As a full service Realtor we provide a far greater level of service, professional negotiations, 24/7 service, Visual and Virtual tours, office tour, broker and public open houses, newspaper and web advertising, full area expertise, access to relocation buyers, the latest technology, and much more. We recently had a limited service Realtor in our neighborhood list a home for $420,000 that we would have listed for $500,000...needless to say it sold very quickly and the seller probably received 35-40k less than the would have had they listed with a full service Realtor (but they did save $10,000 in commission). For us a sign and a lock box is not the way to sell real estate...we represent our clients with all our energy!

Katy Sunshine Fest raises $10,000

We are very proud to announce that our Katy Sunshine Fest to help the Sunshine Kids...Prudential Gary Greene Realtors charity of choice...raised $10,000 to help children with cancer. The event was a great success with over 500 invited guests enjoying the live music, food, and spirits! We wanted to put in some pictures from the event and let everyone know we are already planning for next year!

Single Story For Sale in Waterside Estates

• 2,011 sq. ft., 2 bath, 3 bdrm single story - MLS® #4499859   $167,500

Waterside Estates, Richmond  -  Great 1 Story Home on Cul De Sac Street in Waterside Estates! Big Backyard, Large Open Kitchen with Breakfast Bar. Family Room Has Gas Fireplace and is Pre Wired for Surround Sound...Great for Entertaining or Relaxing! Master Bath has Custom Tile Work Behind Tub and Shower. Beautiful and Rare Covered Front Porch, Easy Access to all Amenities including area Pool and Parks! New Elementary School Located in Subdivision! Near Katy, Sugar Land, and the New Westpark Tollway!