Jul 01 2008
How To Attract Buyers….Offer a 7.5% commission on a $10,495,000 house!Update…Just Reduced to $9,995,000
Most agents go into a listing appointment hoping for a 6% commission but will often get the contract signed at 5%. In areas like Malibu and other expensive communities, it’s not unusual for the commission to be 4% on homes that are $6,000,000 or more. This beautiful home on Broad Beach not only offers an exclusive address right on the sand, but a whopping 7.5% total commission with the buyer’s agent receiving 5%! If the house closes at the asking price the agent who brings the buyer will walk away with close to $250,000 AFTER the split (based on a 50/50 split) with their brokerage! This is one motivated seller! Here is the MLS description- A CLASSIC MID-CENTURY “WALLACE NEFF” BEACH HOUSE, COMPLETELY AND TASTEFULLY UPDATED! CAPE COD HOME ON ONE OF MALIBU’S MOST EXCLUSIVE BEACHES. LIGHT, BRIGHT AND COMFORTABLE WITH PRIVATE BEACH SIDE PATIO. SHOWN BY APPT ONLY TO QUALIFIED BUYERS. This Broad Beach home is listed for $10,495,000 and has 4 bedrooms, 3 baths, with approx. 2340 sq.ft.
To any sellers out there wondering how to motivate agents to bring buyers….. raise the commission!
Call me to view the property. Mike Gardner 310 699 8428
Click here to go to the website.
The home is listed with Tony and Alan Mark of Prudential Malibu Realty
While away last month I came home to hear “Malibu Surfers Attack Paparazzi at Point Dume”. Online was the drumbeat of spoiled, rich white kids attacking hardworking photographers. I then realized I’d had enough.
I also read where recently “transitioned” city council, now planning, member Jeff Jennings, voted in favor for an additional medical marijuana clinic in Malibu. I wondered why we need an “additional” clinic. I was distressed to know that we even had one. Do we really need multiple places to go get high? Did Jeff hear Daniel Stern’s impassioned, accurate assessment and plea for youth activities in Malibu? That we’re in a crisis with drug and alcohol abuse? How can the clinic pay rent in this economic climate of ours? Oh yes, that’s right, they’re DRUG DEALERS.
Speaking of rent. As I sit here, I am informed that our beloved dance studio in the Malibu Plaza could be going away. Anyone who has attended their showcases up at Pepperdine gets to see the heart and soul of Malibu in the most moving of ways. Apparently, the principals of the business see the writing on the wall, or should I say the new rents and NNN on the wall. Is it any wonder that we are left with little in the way of services (see Hardware) and local businesses? That what remains are corporate showcase stores (see “loss leader”) plying multiple versions of the $200 tee shirt. With little in the way of new development (see “no growth”) and owners of the entrenched businesses being honored with Dolphin Awards all the while making sure that their commercial developments have no new competition…….…Well I think you get the point.
Malibu Presbyterian Church burned almost a year ago. They firstly occupied the former Vineyard Church and now are using the cafeteria at Webster Elementary. Apparently, the church has had an application for a “sprung structure” or what I would call a first class tent, with the City Building Department for sometime. Serving Malibu for 60 years they have chosen to keep their mouths shut in the face of little cooperation with the City staff. Meanwhile I see Scientology has found enough rich people to start a recruitment center along PCH.
Speaking of rich people, once a year one of our local papers trots out the names of resident billionaires as a “personal interest” story. As if circus freaks, those that have reached a level of affluence and accomplishment are now gawked at as if they had five arms and three heads. The paper has shown little regard for the privacy of extended family members that share the same name and whose children and grandchildren go to public schools, participate in neighborhood groups and serve on local charities.
I then realized the surfers are the ones that have it right. With the Coastal Commission making sure Malibu is accessible to every visitor from here to Missouri, creating Title IX like parking lots in the heart of local neighborhoods because our visitors “need your help”, with Sara Wan planting her ample girth on broad beach residents front yards for an ambush press op and finally, when local families are being trampled on by a bunch of bounty hunters with Nikons something had to give. I only hope the rest of us find a new level of conviction that causes us to act on behalf of our home.
B. Mel
Malibu, CA