Using a broker

[elonblock]

Hello,

A local guy wants me to help him sell his car, because he is not online . I know how to sell cars online successfully, as I have done it with my own vehicles. However I have never sold a car for someone else and been paid for my services.

Could someone explain how a broker works.
What are the brokers responsibilities, and what do they charge?

For example do they screen the prospective buyers and do all of the negotiating for the seller?

Thanks in advance,

Elon

[rich p]

Whats he trying to sell?

[email protected]

[69LM1]

I have done this twice. Both times worked out real well. I charged 10%. Once, one of my law firm clients, asked me to sell an "old chevelle" he had in the garage out back and had not driven in years. I asked him to bring it by that saturday, expecting to see a 307 rustbucket. Imagine my surprise when he pulled up in a SS396 Convert, w/ Build Sheet, black/black/black (orig yellow/black/black).

Cover your bases, be brutilly honest in your description, and take GREAT pictures.

[rich p]

I wish I made 10%. http://www.yenko.net/ubbthreads/images/graemlins/worship.gif

[Johnny Horsepower]

I was waiting for that http://www.yenko.net/ubbthreads/images/graemlins/cool.gif

[rich p]

Still love ya JOHNNY http://www.yenko.net/ubbthreads/images/graemlins/beers.gif

[Johnny Horsepower]

Hey my X-71 6 bbl cuda is in the next issue of Mopar Action.
(october issue, should be out in a few weeks)

You will like it

and yes i tried to get your name in but it got chopped http://www.yenko.net/ubbthreads/images/graemlins/beers.gif

[rich p]

I know you know how to do the shake of the hand with a 20ty

http://www.yenko.net/ubbthreads/images/graemlins/beers.gif

[elonblock]

Rich,

He is selling a 69 Z28. I don't have all the details yet. I will talk with him next week when he returns from a business trip.

Elon

[elonblock]

[ QUOTE ]
Cover your bases, be brutilly honest in your description, and take GREAT pictures.

[/ QUOTE ]

Rich,

What exactly do you mean by cover your bases?

Are you talking about drawing up a contract...or something
totally different?

Did you have all of the sellers communications go through
you first?

Elon

[69LM1]

[ QUOTE ]
[ QUOTE ]
Cover your bases, be brutilly honest in your description, and take GREAT pictures.

[/ QUOTE ]
Rich,What exactly do you mean by cover your bases?
Are you talking about drawing up a contract...or something
totally different? Did you have all of the sellers communications go through you first? Elon

[/ QUOTE ]

First, I am by no means an expert, so get as many opinions as you can. I am a peon compared to some of the guys here.

Actually, I have only done this twice, and more as a hobby than a business thing. However, I did draw up a quick agreement as to %, and who pays for ebay listings, other advertising and what happens if the owner sells the car before I did.

What I actually meant by cover your bases was that in my experience "people" (related to the infamous "them" and "they") will be quick to judge you as a "broker" or worse yet, a "flipper". That being said, what is “rare” or “special” to one guy is crap to another. I happen to like the special small block, unknown type cars like LM1’s, L30/M20’s and Heavy Chevy’s. Some people are offended that others find these cars collectable.


So, three points:

1.
Some will be looking for an excuse to rip up the car because of the above, so my comment was more in line with if something is questionable with the car, then point it out. Point out that pictures always make paint look better than real life. Make sure yourself if the car is something special (Z, SS etc) that you personally verify that it is, other than taking the owners word for it. Recommend that they inspect, or have it inspected prior to the sale.

2.
Some will publicly question the car, especially if it is an auction, to keep others from bidding on it. Make sure you know what it is, and can back it up. These same people will contact you after a hearty night of bashing, and lowball offer you on the car.

3.
Finally, be ready for some people who get MAD at how high a car/part may sell for. They may even DEMAND that you sell them the car for a "reasonable" price. I had this happen with a 396 CE motor still in the crate. I turned down a good offer for more, had someone offer less than the first, then get very, very angry when I would not sell it to them for the lower price. The engine is still in my garage.

Finally, as a comment to #2 above, if the seller is happy with the sale, you are happy with whatever the seller agrees to give you, and the buyer is happy with what they paid, then that is all that really matters!

{sound of stepping off of soapbox}

The other Rich P http://www.yenko.net/ubbthreads/images/graemlins/smile.gif

[rich p]

Never used one contract in my years of Brokering.I try to deal with collectors that knock on wood we do a hand shake over the phone and I get er done !!
My job is to put the buyer with the seller or the seller with the buyer and try NEVER to hand over a TIRE KICKER.
Its up to the buyer to check out the car. Like I said I work with collectors and the pedigree is usually there.
I save the buyer and the seller a lot of BS.Its a small world and it dont take long for me to find out if the car has a bad history.
A lot of buyers dont know who these guys are and its my job to find them the right cars.
If I find out the car is bad, I pull the plug and the car is NO longer under me.
Sellers dont want to deal with this everyday BS I get.Guys calling all hours of the night and the picture collectors out there is UNREAL.The names I get called for these prices is unreal.They accuse me of making the market that it is today.

IM JUST THE MESSENGER !! SORRY FOR GOING OFF THE HANDLE

If you own a Supercar and thinking of selling your car.
Call me,e-mail you would be surprise what I can do under RADAR.I have sold quite a few cars from people here and you wouldnt even know it.
If your looking for a Supercar and have the money and know what they are worth.Call me,e-mail me, you would be surprised what cars I do have under me.


http://www.yenko.net/ubbthreads/images/graemlins/flag.gif http://www.yenko.net/ubbthreads/images/graemlins/beers.gif

If you know who I am. You will know I have tried to bring some of the BEST SUPERCARS to this website....