Author Topic: Request for realtor review  (Read 859 times)

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Offline Rosealexis

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Request for realtor review
« on: February 14, 2021, 08:28:30 PM »
I live in Orchard Hills and am looking to put my home up for sale. Price will likely be in the 3M+ range. We are considering Cindy Chin with KW- anyone have experience working with her (positive or negative)?

Offline bones

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Re: Request for realtor review
« Reply #1 on: February 14, 2021, 08:56:01 PM »
I don't have any personal experience with her but it looks like some of her stuff sits on the market. Have you looked into her MLS stats?

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Re: Request for realtor review
« Reply #2 on: February 14, 2021, 09:12:53 PM »
Homes in the multi-million range don't exactly sell like hot cakes though so it isn't quite fair to say her stuff sits. I don't know if there is any agent that can consistently sell multi-mil homes in 30 days or less.

Offline bones

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Re: Request for realtor review
« Reply #3 on: February 14, 2021, 09:15:26 PM »
Just a suggestion for the OP to look into. Maybe compare it to his/her other frontrunners. I agree that the super high end stuff will take longer to sell but your average OH home? Shrug.

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Re: Request for realtor review
« Reply #4 on: February 14, 2021, 09:28:14 PM »
I've attached Cindy's listing stats and my listing stats for the past 3 years for comparison's sake. Cindy has closed 31 listings in the past 3 years and she had more listings that didn't close that closed while I've closed 48 listings in that same time with almost 90% of my listings closing.  My average time to escrow is around 3 weeks and my average original listing price to closing price is just a hair under 100% and NO listing agent can beat that those two stats.

When picking an agent, you should look at the time that their listings take to go into escrow and the original list price to the final sales price.  These two metrics will tell how good the agent is at properly pricing their homes and how well they negotiate on behalf of their seller. Don't get fooled by Chinese or Korean agents telling you that you need an agent that knows how to speak Mandarin, Cantonese, and Korean because that's just not true. I've sold dozens of listings to FCB Chinese and Korean buyers without any issues (I can pull in assistants to help me with Mandarin, Cantonese, and/or Korean if needed but I've never really had to even when the buyer's agents English wasn't great). My listing track record speaks for itself and I can sell any home at any price range in any location because a good salesperson is a good salesperson.

Yes, it is true that higher-priced homes do take longer for the seller but the same simple principles hold true....price and presentation will make the difference between any home sitting or selling in a timely manner.  For higher end homes, it's a fine balance of pricing with leaving some room to negotiate down a bit to where both the buyer and seller feel good about the ultimate sales price.  Presentation is that much more important for higher-end homes where you need to declutter, clean, and/or stage as necessary along with getting high qualify pictures, a virtual tour, ariel pictures, and/or videos. 

Stats never lie only idiot realtors do!
« Last Edit: February 14, 2021, 09:33:44 PM by USCTrojanCPA »
Martin Mania, CPA
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Often imitated....Never duplicated!

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Re: Request for realtor review
« Reply #5 on: February 14, 2021, 09:32:57 PM »
There's no attachment.

I went through her listings and noticed she sold a home for $10M in Newport Coast in 14 days. Cash buyer. This is just a whole 'nother lever of wealth man.

And she has this gorgeous listing at 1 Bode Dr, Los Angeles 90069 which has been sitting for 200+ CDOM. $23M.

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Re: Request for realtor review
« Reply #6 on: February 14, 2021, 09:37:48 PM »
What Martin has no listings with "A" status?! What is going on here!?!?!?!

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Re: Request for realtor review
« Reply #7 on: February 14, 2021, 09:41:57 PM »
What Martin has no listings with "A" status?! What is going on here!?!?!?!

All in escrow with 2 pocket listings and one coming soon. My listings don't stay active for very long. ;)
Martin Mania, CPA
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Offline newOC

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Re: Request for realtor review
« Reply #8 on: February 14, 2021, 10:24:33 PM »
Slimy to plug yourself when someone is asking about a different realtor.

Offline bones

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Re: Request for realtor review
« Reply #9 on: February 15, 2021, 08:32:16 AM »
Damn USC. You must be successful because people literally register for the site just to come at you.

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Offline zubs

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Re: Request for realtor review
« Reply #10 on: February 15, 2021, 10:20:19 AM »
Martin issues a challenge to other realtors to bring it...since his stats are better than yours.

Show me what u got.  The prize is a $3 million listing.

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Re: Request for realtor review
« Reply #11 on: February 15, 2021, 10:44:20 AM »
Martin issues a challenge to other realtors to bring it...since his stats are better than yours.

Show me what u got.  The prize is a $3 million listing.

Haha  Too funny.  You know, I've very proud of my stats mainly because it shows how well I take care of my seller clients.  I have a simple philosophy that I work by, help buy and sell my clients' homes as if I was buying or selling my homes because I want to build relationships and not just do transactions. I'm proud of the fact that my listings sell quickly at very good prices.
« Last Edit: February 15, 2021, 10:49:24 AM by USCTrojanCPA »
Martin Mania, CPA
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CA CPA License # 107675
mmania001@yahoo.com
714-747-3884 cell

Often imitated....Never duplicated!

Offline Maserson

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Re: Request for realtor review
« Reply #12 on: February 15, 2021, 11:30:49 AM »
No input on Cindy or KW but I would vouch for USC. We worked with him for 3 purchases, 2 sales. PS home sold in 3 weeks, Altair home sold in 2 weeks.

He's local so prices well. I argue initial listing price is huge. Some agents promise unrealistic pricing, home sits for months, occupants deal with multiple open houses and the home goes into that pricing death spiral because the buyer pool thinks somethings got to be wrong with the house since it's not selling. Martin and I visited the competing homes for sale and I'd see base flooring, non premium lot listed for more than ours. Doesn't make sense.

Open houses also suck. Cleaning, staging. It's worse with covid because everybody has to come at a different time. We have little ones and we'd be out most of the day on several days to accommodate buyers.  We toured some resale homes that were sitting and you could tell the sellers were burned out, nothing was cleaned up, dirty dishes were in the sink, it just killed the mood since home buying is such an emotional process.

I'd also argue for a local agent. One of the resales we wanted to see, the sell agent was located in the SGV and response time was definitely slower, both for scheduling tours and getting a response to offers.

Not sure why language is an issue. Both our home sales were to Asian buyers. Everybody speaks in dollars.



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Offline sleepy5136

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Re: Request for realtor review
« Reply #13 on: February 15, 2021, 12:33:29 PM »
I've attached Cindy's listing stats and my listing stats for the past 3 years for comparison's sake. Cindy has closed 31 listings in the past 3 years and she had more listings that didn't close that closed while I've closed 48 listings in that same time with almost 90% of my listings closing.  My average time to escrow is around 3 weeks and my average original listing price to closing price is just a hair under 100% and NO listing agent can beat that those two stats.

When picking an agent, you should look at the time that their listings take to go into escrow and the original list price to the final sales price.  These two metrics will tell how good the agent is at properly pricing their homes and how well they negotiate on behalf of their seller. Don't get fooled by Chinese or Korean agents telling you that you need an agent that knows how to speak Mandarin, Cantonese, and Korean because that's just not true. I've sold dozens of listings to FCB Chinese and Korean buyers without any issues (I can pull in assistants to help me with Mandarin, Cantonese, and/or Korean if needed but I've never really had to even when the buyer's agents English wasn't great). My listing track record speaks for itself and I can sell any home at any price range in any location because a good salesperson is a good salesperson.

Yes, it is true that higher-priced homes do take longer for the seller but the same simple principles hold true....price and presentation will make the difference between any home sitting or selling in a timely manner.  For higher end homes, it's a fine balance of pricing with leaving some room to negotiate down a bit to where both the buyer and seller feel good about the ultimate sales price.  Presentation is that much more important for higher-end homes where you need to declutter, clean, and/or stage as necessary along with getting high qualify pictures, a virtual tour, ariel pictures, and/or videos. 

Stats never lie only idiot realtors do!

Hey do you think you can run some stats for me for Regina Chen? Or if you can show me how to run it that would be great too. Thanks!

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Re: Request for realtor review
« Reply #14 on: February 15, 2021, 12:44:33 PM »
I've attached Cindy's listing stats and my listing stats for the past 3 years for comparison's sake. Cindy has closed 31 listings in the past 3 years and she had more listings that didn't close that closed while I've closed 48 listings in that same time with almost 90% of my listings closing.  My average time to escrow is around 3 weeks and my average original listing price to closing price is just a hair under 100% and NO listing agent can beat that those two stats.

When picking an agent, you should look at the time that their listings take to go into escrow and the original list price to the final sales price.  These two metrics will tell how good the agent is at properly pricing their homes and how well they negotiate on behalf of their seller. Don't get fooled by Chinese or Korean agents telling you that you need an agent that knows how to speak Mandarin, Cantonese, and Korean because that's just not true. I've sold dozens of listings to FCB Chinese and Korean buyers without any issues (I can pull in assistants to help me with Mandarin, Cantonese, and/or Korean if needed but I've never really had to even when the buyer's agents English wasn't great). My listing track record speaks for itself and I can sell any home at any price range in any location because a good salesperson is a good salesperson.

Yes, it is true that higher-priced homes do take longer for the seller but the same simple principles hold true....price and presentation will make the difference between any home sitting or selling in a timely manner.  For higher end homes, it's a fine balance of pricing with leaving some room to negotiate down a bit to where both the buyer and seller feel good about the ultimate sales price.  Presentation is that much more important for higher-end homes where you need to declutter, clean, and/or stage as necessary along with getting high qualify pictures, a virtual tour, ariel pictures, and/or videos. 

Stats never lie only idiot realtors do!

Hey do you think you can run some stats for me for Regina Chen? Or if you can show me how to run it that would be great too. Thanks!

It comes from my MLS so you may not be able to run it without MLS access.  PM me your email address and I'll email you her 3 year listing history. 
Martin Mania, CPA
AgencyOne
CA BRE License # 01799007
CA CPA License # 107675
mmania001@yahoo.com
714-747-3884 cell

Often imitated....Never duplicated!

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