Watch Freakonomics Online (2017)

Watch Freakonomics Online (2017)' title='Watch Freakonomics Online (2017)' />Why you cant trust a real estate agent. Surely a real estate agent would want to get you the very best price for your home. After all, they earn commission. The more they sell it for, the more they make, right Well, the popular book Freakonomics, which Im reading and devouring right now, proves this is not the case. Now, Im not saying all real estate agents are doing this, neither are the books authors Steven D. Levitt and Stephen J. Dubner. But it does cast a huge shadow of doubt over the entire real estate industry. Judge for yourselves. Watch Freakonomics Online (2017)' title='Watch Freakonomics Online (2017)' />This feature is not available right now. Please try again later. ExperienceWeek is dedicated to helping you improve the customer, employee, product, brand experience. Tune in for teachings tutorials from todays leading. Watch the best documentary films and movies on the web. Stream fulllength documentaries online for free now. Watch Netflix films TV programmes online or stream right to your smart TV, game console, PC, Mac, mobile, tablet and more. Start your free trial today. Theres a total solar eclipse happening on August 21, 2017, and for the first time in nearly a hundred years, the Moons unabashed Sunblocking power will be. Download past episodes or subscribe to future episodes of Freakonomics Radio by WNYC for free. Heres the game, and how its played. Its all based on incentives. And it also plays on your fears. Fears that you dont know how to sell your home, that it will be on the market for years and that, of course, you wont get the best price. So, you call a real estate agent and use their huge knowledge of the market to sell your home quickly, easily and for the very best possible price. And thats the sticking point. Due to the way commission is structured, its not in the real estate agents best interests to get you the best price for you home. Freakonomics Radio is a weekly podcast, regular segments on Marketplace. Prepare to be enlightened, engaged, perhaps enraged, and definitely surprised. BibMe Free Bibliography Citation Maker MLA, APA, Chicago, Harvard. Freakonomics Radio is an awardwinning weekly podcast subscribe here with 8 million downloads per month. It can also be heard on public radio stations across the. Let me repeat that. No, they want a good price, but they want a quick sale. It is far more profitable to get you to take the first reasonable offer that comes along, than wait another week or two and get 3. The incentive problem. Lets looks at that more closely. At first it seems well worth the wait. Two weeks for 1. For you, it is good. Of that 1. 0k you get around 9. The other 6. 00, thats the 6 commission fee, gets split 3 ways. Half goes to the buyers agent. Then the real estate agent gets 1. For all that time and extra work Not so great now, and you know, Id feel the same way. Just look at the numbers. Its simple math. Sell the house now for 3. Or, wait for two weeks or more, do a lot more hard work, sell for 3. Its clearly not worth the wait, when you could sell early and start work on another commission. This is the problem. Big incentive for you, tiny incentive for the expert. And the experts have many tricks up their sleeves to ensure a quick sale and easy ride. The code words used in Real Estate ads. There are good words, and bad words. Most of the time, you can make an educated guess. Consider these terms when selling a home. Five are good, five bad. Could you tell which fantastic granite spacious state of the art Corian charming maple great neighborhood gourmet Well, heres the answer. The words in italics are good. Why Because they say something positive and definite about the house. You may or may not like granite, but theres no denying the implication of rich and aspirational. The same goes for corian, maple, state of the art and gourmet. Whatever you feel, you cannot deny the meaning. Now look at the other words. Spacious What does that mean Is it impractical, badly laid out, cold, roomy, who knows Charming is just as banal and ambiguous. And as a writer, I know that using anything like fantastic or When a house is fantastic, you dont have to say so. And great neighborhood basically means its not the best house on the block. When you know how to read the code, and its not difficult to figure out, you know what the agent is trying to do. Through the use of this language, theyre saying this house isnt so hot. And when a bid does come in thats lower than youd like, hey guess what, you should take it. After all, that nicer home across the way hasnt sold yet and its been on the market for months. What happens when a real estate agent sells her own house Thats when the data gets even more interesting. Shell use descriptive words that mean something. Terms like move in condition and granite will be on there. Seven Psychopaths Full Movie In English. Ambiguous phrases like immaculate and wonderful will not. Studies performed by Levitt and colleague Chad Syverson also proved that real estate agents hold out for more money when they sell their own homes. Of the 1. 00,0. 00 home sales they looked at, real estate agents kept their homes on the market for 1. So, what next The Internet is your friend. Information that used to be at the disposal of the experts is now readily available. Do some homework. See what is selling, for how much and where. And dont let the real estate agent pressure you into taking a lower bid because the market is just in a terrible state right now. As sure as night follows day, the same agent will tell a buyer pay more, the market is really moving. Its truly a cat and mouse game.