BrokerageIndustry News

House comes with Mercedes — for buyer’s agent

A roundup of real estate news making headlines
Published on Apr 24, 2012

News and observations from a very broadly defined real estate horizon:It's practically old hat now for a homeowner to offer to throw in a free car to the buyer of his house, a marketing ploy that became almost ubiquitous during the housing downturn.But it lives on, with a twist: The owner of a home near Richmond, Va., is offering a 2012 Mercedes-Benz when his house sells -- but the car would go to the real estate agent who brings a buyer for his house, currently listed for $1.9 million.If the agent wants to skip the brand-new Benz, valued at $37,900, the owner is offering $30,000 in cash in addition to the commission, according to the Richmond Times Dispatch. The listing agent, Susan Stynes, told the newspaper the homeowner hoped the offer would attract interest from agents outside Virginia.Single families dominate rental marketSome 16.1 percent of all listings on MLSs today are rentals, more than double the number in 2006, according to UPI. The report cited a new study by Co...

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