These days, with homes in the Phoenix real estate market often selling within a handful of days and no time to preview or show before writing an offer, it seems I’m spending more and more time simply writing contracts.
Should one get accepted then I move into the regular mode – ordering and attending inspections, coordinating the transaction between the lender, buyer and escrow, negotiating repairs (unless it’s a bank owned home and no repairs are being made) and all the rest of the work that goes into a successful home purchase.
But 95 percent of the offers I’m writing aren’t getting there. And since my role is a bit more limited – I have less overhead when I’m not driving hither and yon to show homes to a buyer before he or she makes a decision – I’m wondering. Is there a place in the Phoenix real estate market for an agent chargining an up-front, pay-per-contract-written fee?
DOJ fun prevents me from using real numbers. But let’s say I started offering a service where a buyer pays me $XX per contract that I write. Should one prove successful, the amount paid would be credited back out of the commission paid either in full or at most up to the amount of the commission.
If you’re serious about purchasing, would you be willing to pay to have the time that it takes to research a property and write a contract? Does a program such as this sound better or worse than charging an up-front retainer of a certain amount on homes under a certain price point?
Of course, the obvious flaw is there are hundreds if not thousands of local agents who will write the contract for free. Some of these are the same ones who will flaunt local MLS rules and hand buyers the lockbox codes without thinking twice.
Still, the quickly multiplying contracts sitting in my Documents folder makes me think that this might be a path worth pursuing.[tags]Phoenix real estate[/tags]