Islander wrote:
You were, in essence, their Realtor in this situation. Only significant difference was there was no commission paid. That's certainly your prerogative, if that what you what to do but I would hardly call it selling Privately. Good for them, they got the help of a Realtor, above asking price and paid no commission. But that's OK with you, as you think Realtors are overpaid at 2.5% anyway.
There were actually many significant differences, I didn't list the property, didn't do any marketing, I didn't arrange for showings.
the scenario above is not what I typically do, but in my spare time, as long as it doesn't take away from time with signed on clients, or my family, why not. These particular people are great people, we sat down, had a couple of beers, and I helped them out with advice a few times as they described.. If what you are saying is it is easier to sell privately if you have a little insight from a realtor in the local market, then yes, you're right. I didn't want, or deserve any money for this transaction, since I didn't do 90% of the work that was done.
I think we both agree, but the OPs are great people and they did put a ton of time and effort into their sale. Did I help at key points in the process, sure, but that's the part that's my choice, that I would never charge money for, and if you want to call it my prerogative, but I personally think it is good business to not nickel and dime for small chunks of effort. I think the point of this thread was that they were appreciative of the help I gave them, and they wanted to share that appreciation with the online community here.
Helping for free is not 'my prerogative' as that's got a negative connotation in my opinion. It's simply what I like to do when I have the spare time, and in my opinion, it's good business to be a good guy in one of the country's most hated, greed-filled industries.