Okay, so who watched 20/20 last night? 20/20 June 22 2007 I did, only because I was playing ABC's new National Bingo Game--trying to win $50,000. During a commercial they alerted ME that 20/20 was next...and it was about how sellers could SALE without a REALTOR. Great, was my first thought! Another 60 Minutes type Realtor Bashing.
But, it wasn't quite as bad. John Stossel did point out the other side of the coin as well. It was, however, more slanted against US.
What say you all?
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I watched most of it Kathy, but all I saw was a little "House staging" presentation. Did I miss something
Kathy,
I started to watch it. Then, I noticed the date on the left side of the screen, which was the date it first aired. 2005! Of course, that was two years ago, and that was a very different market. I was hoping it would have been a current piece of information. They were promoting the authors of a book, which I will not name. Certainly, they must be the know all of real estate. Kidding!
Everyone knows or seems to think they know, our profession better than we do. Bad news sells, good news is a secret. We need to be more vocal with our good news about real estate and keep the public informed on current data.
I agree, Kathy, that it was more against us than for us. Particularly troublesome was the flat statement by one of the featured guests that in the future, people would certainly not pay 6% commissions, but only $500 to sell their homes. There was not any discussion of what services the $500 would buy. They did not explain this as being some type of limited-service agreement, so it seemed to imply to me that what full-service realtors generally do for clients is only really worth about $500.
There was a long segment featuring a FSBO, who stated that she sold her house without any problem and "if (she) could do it, anyone can!" In fact, she ended up selling the house for much more than the realtor had told her she could. It would have been nice for them to also show someone who tried selling their home themselves, but found it to be a daunting process, which it certainly can be for many. They did show a couple who had used a realtor and were pleased with her services, however.
Well Kat I take it you didn't win the $50K.
I am surprised that 20/20 doesn't preach that people should represent themselves in court. Really who needs expensive lawyers when you can do it yourself.
Hey I can dig a hole in the ground and put in a pool too.
You have to know what is going to happen. Some FSBO is going to sell their home and really mess it up because they didn't know they were suppose to disclose or mis-represented something because of ignorance. Maybe they split there land up and sold a piece of it not knowing the laws or paperwork that needs to be done.
A FSBO might just sell their home without an escrow to only find out later there were problems. Yep 20/20 is right who needs Realtors.
JAMES: Agreed, Realtor bashing is a given lately.
LOUIS: Worth checking out, if for no other reason but to be ready for your sellers questions as to why they can do a better job than you when selling their home.
DAN: DITTO
JEFF: Exactly!
FRANCES: It was an older piece, true, but worth listening too, again. Maybe these peices keep us on our toes, I don't know. Seems we have to be ready for SELLERS questions and challenging remarks constantly, after they've watched these shows and THINK they can do-it-themselves.
Thanks, all, for replying.
There was another post making reference that this was filmed in 2005 and a rerun !!!
How does the NAR not participate in trying to update or comment when something like this is aired ????
I am happy to see our forum paying attention to what is happening to our profession-and talking about it..Now is the time to take a stance and make some noise!
Here are the other posts- Kat, I hope it is ok to bring these in on your post if not-simply delete me and I apologize...
There were a couple of blogs 6/22 Ana Connell's 20/20Tonight! and Maurice McLaughlin's 20/20 REAL ESTATE SEGMENT TONIGHT-CLEAR VISION? giving us a head's up that 20/20 would be airing a show on whether it was necessary to use a REALTOR® when selling a home. Sadly, it sounds like ABC's 20/20 is stooping to ...
Okay, so who watched 20/20 last night? 20/20 June 22 2007 I did, only because I was playing ABC's new National Bingo Game--trying to win $50,000. During a commercial they alerted ME that 20/20 was next...and it was about how sellers could SALE without a REALTOR. Great, was my first thought! Another 60 Minutes type ...
20/20 Airing FSBO Story TonightJune 22, 2007 - ABC?s 20/20 will air a "for-sale-by-owner" story tonight that's almost two-years old. Well, the story was wrong back then and is wrong again, and N.A.R. told them so twice.The 20/20 segment is called "Getting Real About Real Estate." It features a young woman ...
Here we go again.
Looks like we should be watch 20/20 this Friday at 10 P.M. EDT. John Stossel is doing a report on if your realtor is ripping you off! Here is a snippet from an e-mail I get from ABC News...
"Is your Realtor agent ripping you off? I interview economist ...
KEN: Nope... darn it! And I was soooooooo counting on it. LOL
We were watching ABC for the NBN as well, and no, another Friday night spent playing bingo without winning.
We had the tv on when the show started, but decided that we didn't want to waste our time with it. Everything seems to bash us anymore. I didn't realize that it was 2 years old. I wonder how many non real estate people picked up on that?
Realtor board should do a commercial of a FSBO who tried and didn't succeed or a FSBO who got themselves in hot water and regret not hiring a realtor.
RUTH: Good point about the $500. In my opinion, you get what you pay for--usually. OR, don't pay for.
CHRISTINA: Exactly!
JIM and Maria: Thanks for commenting. Sorry about your Bingo loss.
LORI: YES they should! With all the negative reports out on TV lately, we need the board's support!
MICHELE: And we pay BIG !
PATRICIA: I'm not sure they'll ever give us any praise, but I would sure like to see it IF they do.
Why can't our local boards, the NAR, etc. stand up & fight back? I know this "junk" is typical of the biz, but every time I turn around, there's something busting our butts for what we aren't worth. I find in my own area with FSBO's that they are getting harder & harder to sell to. They do end up using some of these agencies who ONLY list their house in our MLS for $500 & then the seller must pay the selling agent's commission. The SELLER arranges the showings, the SELLER posts that pics, etc...They're still a darn FSBO!!!!!
OR
a FSBO will post a sign, & an agent in the area will bring the buyer. Gee! NO need for a REALTOR there, right? It's getting to be that sellers need us (in some cases) less & less.
Dawn