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Amazon.com: House of Flying Daggers: DVD Your Store DVD See All 32 Product Categories Your Account | Cart | Wish List | Help | Advanced Search | Browse Genres | Top Sellers | New & Future Releases | Television Central | Life & Learning | DVD Essentials | Blowout DVDs | Movie Showtimes | Used DVDs Search Amazon.com DVD Web Search Join Amazon Prime and ship Two-Day for free and Overnight for $3.99. Already a member? Sign in . DVD Information Explore this item buying info editorial reviews customer reviews cast and crew fun facts Listmania! All Things Sexy : A list by Eliza Add your List Ready to buy? Sign in to turn on 1-Click ordering. A9.com users save 1.57% on Amazon. Learn how . MORE BUYING CHOICES 123 used & new from $7.45 Available for in-store pickup now from: $19.99 Price may vary based on availability Enter your ZIP Code Have one to sell? House of Flying Daggers (2005) Starring: Takeshi Kaneshiro , Andy Lau Director: Yimou Zhang Rating: See larger image Share your own customer images List Price: $19.94 Price: $12.99 & eligible for FREE Super Saver Shipping on orders over $25. See details You Save: $6.95 (35%) Availability: Usually ships within 24 hours. Ships from and sold by Amazon.com. Want it delivered Friday, December 30? Choose One-Day Shipping at checkout. See details 123 used & new available from $7.45 Edition: Other Versions and Languages Other Versions (DVD) List Price Price Other Offers: DVD House of Flying Daggers (UMD mini for PSP) $28.95 $25.99 36 used & new from $13.97 DVD House of Flying Daggers/Crouching Tiger, Hidden Dragon $36.96 $25.88 71 used & new from $17.97 Other Versions (VHS Tape) VHS Tape House of Flying Daggers $14.95 $14.20 10 used & new from $7.50 Better Together Buy this DVD with Hero DVD ~ Jet Li today! Total List Price: $39.93 Buy Together Today: $25.98 Customers who bought this DVD also bought Hero DVD ~ Jet Li The Incredibles (Widescreen 2-Disc Collector's Edition) DVD ~ Maeve Andrews Sin City DVD ~ Robert Rodriguez Batman Begins (Two-Disc Deluxe Edition with Comic Book) DVD ~ Christian Bale Explore Similar Items : in DVD , in Music , and in Books Storyline Genres: Action , Drama , Romance Plot Outline: A romantic warrior breaks a beautiful member of a rebel army out of prison to help her rejoin her fellows, but things are not what they seem. Plot Synopsis: During the reign of the Tang dynasty in China, a secret organization called "The House of the Flying Daggers" rises and opposes the government. A police officer called Leo sends officer Jin to investigate a young dancer named Mei, claiming that she has ties to the "Flying Daggers". Leo arrests Mei, only to have Jin breaking her free in a plot to gain her trust and lead the police to the new leader of the secret organization. But things are far more complicated than they seem... Plot Keywords: Visually Impaired Person | Blind | Blindness | Police | Deputy | Police Officer | Martial Arts | Blind Girl | Brothel | China | Dancer | Doublecross | (Show all 22 plot keywords recommended by customers) Product Details Actors: Takeshi Kaneshiro , Andy Lau , Ziyi Zhang , Dandan Song , Yang Guang , See more Directors: Yimou Zhang Format: Ac- , Color, Dolby, Dubbed, Subtitled, Widescreen, Ntsc, Widescreen Anamorphic Region: Region 1 ( U.S. and Canada only. Read more about DVD formats. ) Number of discs: 1 Rated: Studio: Sony Pictures DVD Release Date: April 19, 2005 Run Time: 119 min (original theatrical or airing runtime) Average Customer Review: Based on 219 Reviews DVD Features: Available Subtitles: English, French Available Audio Tracks: (Dolby Digital 5.1), English (Dolby Digital 5.1) Commentary with actor Ziyi Zhang and director Zhang Yimou Creating the Visual Effects featurette "Making of" featurette Theme Song 'Lovers' Music Video Behind the Scenes Photo Gallery Costumes Gallery Storyboard Comparisons Previews From IMDb: Quotes & Trivia ASIN: B0007Q6VXC Amazon.com Sales Rank: #285 in DVD Theatrical Release Information US Theatrical Release Date: January 14, 2005 MPAA: for sequences of stylized martial arts violence, and some sexuality. Production Company: Beijing New Picture Film Co., China Film Co-Production Corporation, EDKO Film Ltd., Elite Group Enterprises, Zhang Yimou Studio USA Box Office: $11 Million Budget Estimate: $100 Million Filming Locations: Beijing, China| China| Kossiv National Park, Ukraine| Lviv, Ukraine| Sichun Province, China| Tea Mountain Bamboo Sea Scenery Park, Yongchuen, Chongqing, China| Ukraine Editorial Reviews Amazon.com No one uses color like Chinese director Zhang Yimou--movies like Raise the Red Lantern or Hero , though different in tone and subject matter, are drenched in rich, luscious shades of red, blue, yellow, and green. House of Flying Daggers is no exception; if they weren't choreographed with such vigorous imagination, the spectacular action sequences would seem little more than an excuse for vivid hues rippling across the screen. Government officers Leo and Jin (Asian superstars Andy Lau and Takeshi Kaneshiro) set out to destroy an underground rebellion called the House of Flying Daggers (named for their weapon of choice, a curved blade that swoops through the air like a boomerang). Their only chance to find the rebels is a blind women named Mei (Ziyi Zhang, Crouching Tiger, Hidden Dragon ) who has some lethal kung fu moves of her own. In the guise of an aspiring rebel, Jin escorts Mei through gorgeous forests and fields that become bloody battlegrounds as soldiers try to kill them both. While arrows and spears of bamboo fly through the air, Mei, Jin, and Leo turn against each other in surprising ways, driven by passion and honor. Zhang's previous action/art film, Hero , sometimes sacrificed momentum for sheer visual beauty; House of Flying Daggers finds a more muscular balance of aesthetic splendor and dazzling swordplay. --Bret Fetzer Customers who viewed this DVD also viewed Star Wars, Episode III - Revenge of the Sith (Widescreen Edition) DVD ~ Ahmed Best National Treasure (Widescreen Edition) DVD ~ Nicolas Cage Sideways (Widescreen Edition) DVD ~ Paul Giamatti Kung Fu Hustle (Widescreen Edition) DVD ~ Kwok Kuen Chan Explore Similar Items : in DVD , in Music , and in Video Spotlight Reviews Write an online review and share your thoughts with other customers. 179 of 199 people found the following review helpful: More Romance Than 'Hero' and More Beauty of Zhang Ziyi , October 7, 2004 Reviewer: T. Nakajima (Kyoto-shi, Kyoto-hu Japan) - See all my reviews Soon following the success of 'Hero,' director Yimou Zhang made another film featuring beautiful Zhang Ziyi. One of the good news for Zhang Ziyi fans (including me) is that 'House of Flying Daggers' features her almost all through the film. And this time director's stress is clearly given to the romantic side of the story -- and as if to match his intention, 'House' looks more beautiful, colorful, and gorgeous, than 'Hero.' And there are actions, and some of them are quite unique. The film is set in 859 AD, last days of the now corrupt Tang Dynasty in China. One underground sect called House of Flying Daggers are openly challenging the authority of the government, and to crush these rebels, two officers Jin -- also known 'The Wind' (Takeshi Kaneshiro, 'Chunking Express') and Leo (Andy Lau, 'Infernal Affairs') think of a good plan. Jin goes to meet a blind courtesan Mei (Zhang Ziyi), who is suspected to be connected with the secret clan, and he gains the confidence of this beautiful dancer by some tricks -- tricks meaning 'love.' Make her love you, and you get her secret. Hopefully she will lead Jin to the hiding place of the 'House of Flying Daggers,' but before the plan starts, Leo warns Jin: 'Don't fall in love for real.' But who can resist Mei's beauty? Or Zhang Ziyi's for that matter? The rest of the story is very melodramatic, and the film sometimes needs a good amount of suspension of disbelief (especially for Western audiences, I'm afraid). But, though melodramatic, it is aptly so, as this is basically about a romance, or a love story. Those who love the romantic mood in films would understand what I say. It's all about the tension and mood, and 'House' has lots of them. Actions are done by Tony Ching Siu-Tung, whose CV includes the action director of 'A Chinese Ghost Story.' He gives superb martial arts actions here again, without using too much of now-too-trendy wire actions. As the film title shows, there are some effectively shot scenes of 'flying daggers' which, with a good use of CGIs, gives a few of thrilling moments. And like I said before, the battles in the midst of a deep bamboo forest are not to be missed, if you are a real Hong-Kong film fan. Costumes are provided by Emi Wada (as in 'Hero'), whose colorful dresses are just wonderful. Particlularly those long-sleeved dancing costumes for Zhang Ziyi not merely enhance the exotic beauty of the dancer, but things to be treasured on their own merit. And Kathleen Battle sings the theme song at the end of the film. But first and foremost, to me, the film is made for Zhang Ziyi. Did I say she is beautiful? She is, and breathtakingly so, when her character betrays her hidden emotions before the camera. And sometimes the film reveals the character's very sensual side -- I say, for a Chinese film, of course, but it was a little surprising. Of course, top-credited Andy Lau and Takeshi Kaneshiro are the stars, and they are very good. The film is always beautiful to see, from the first to the end (the snow field was shot in Ukraine). And if you're a fan of Zhang Ziyi, this one is not to be missed for it's not too much to say that it belongs to her. Was this review helpful to you? ( Report this ) 214 of 333 people found the following review helpful: Opinion of a Chinese Viewer..... , December 13, 2004 Reviewer: C. Jen "chanteuse33" (Los Angeles, CA USA) - See all my reviews To be fair, this is not a bad movie considering how many bad movies Hollywood put out there each year. As a Chinese living in US for 20+ years and someone grew up devoting to Wushia films, this is a good but not outstanding movie. Certain aspects were distracting: 1. bamboo forest and the other forest don't mix. They are apparently from two very different regions. Weird how they traversed between the two like they were next door neighbors.... 2. Mei and Jin must be really young to fall so deeply for each other after only 3 days. Also said the House of Daggers leader, Mei (Zhang Ziyi) had used her beauty for business a few times before. She's not a spring chicken who had never ventured out of her confine to be a true Juliet (if you must use the Shakespearean connection.....) 3. Once the twist was revealed, Leo(Andy Lau)'s role became very unsympathetic. He's a classic case of possessive character that stalker/abuser is made of. House of The Flying Daggers is not a Wushia movie technically because its emphasis on the love story. Everything, the story structure, fight scenes, visuals, music, and editing, are all in support of the love story. A true Wushia movie is more about good vs. evil, right vs. wrong, underdog vs. oppressor, or moral vs. greed, much like a classic Western should. As a love story/melodrama, it is good. As a Wushia movie, it is not. Crouching Tiger Hidden Dragon is a better representation of the Wushia genre. Just my two cents.... Was this review helpful to you? ( Report this ) Customer Reviews Average Customer Review: Write an online review and share your thoughts with other customers. If nothing else, watch this movie for the 'Echo Game' scene... , December 28, 2005 Reviewer: Brandon Wiggins "Glass Onion Child" - See all my reviews This movie is primarily a love story that is kept mildly entertaining with some high flying martial arts and the absolutely stunning Zhiang Ziyi. What I enjoyed most about this film, however, was the choreography and wonderful use of colors throughout the movie. As mentioned before, the 'Echo Game' scene features Zhiang Ziyi performing a beautiful martial arts dance with a gown that has long flowing sleeves that are absolutely gorgeous to watch on screen as they move effortlessly around the circle hitting each specific drum. This was by far one of my favorite scenes in the entire movie. The use of colors is also wonderful to watch, especially the green theme used for the House of Flying Daggers' scenes. As far as the plot goes, this movie offers nothing spectatuclar and is a melodramatic love story at best. But the acting is superb and the film offers enough plot twists to keep your interest until the end of the film. Overall, this film is not about action so much as it is about the overall mood created with the visuals and love story. Zhiang Ziyi is spectacular in her role as Mei and I would highly reccomend this to any fan of films such as 'Crouching Tiger, Hidden Dragon', etc. (CTHD has a much better story though.) Was this review helpful to you? ( Report this ) Better than Crouching Tiger! , December 21, 2005 Reviewer: David Foskin (Waterford, Ireland) - See all my reviews After raising his artistic level to lofty heights in "Hero," Chinese director Zhang Yimou returns to earth with the elegiac "House of Flying Daggers." In what could be considered the second film of his third different film-making period, Zhang now freely traffics in martial arts. Bringing to the genre his own cinematic sensibilities, he renders a film that equals Hong Kong artists in action sequences, while again displaying his mastery in overall technique. Working with a script from Li Feng, Wang Bin and himself, Zhang again returns to his country's history for an action tale full of romance, deceit, betrayal and loyalty. Set in 859 China, near the end of the Tang dynasty, "Daggers" centers on an on-going conflict between the established, corrupt emperor (whom we never see) and what must be called a terrorist group, known by the film's title, sworn to overthrow the ineffectual leader. But, strangely, even when dealing with such a variety of emotions, "Daggers" is often a cold, uninvolving movie. A romance is established between Mei (Zhang Ziyi), who may or may not be blind, and Jin (Takeshi Kaneshiro), who may or may not be a double agent for the government, with Leo (Andy Lau), who may or may not be a triple agent for the government, acting as a romantic foil. In the prolonged opening scene set in a brothel, full of flowery patterns and shimmering costumes, Mei dances for Leo, suggesting that the deft Zhang Ziyi can execute any physical demands. Before leaving the scene, however, director Zhang shows his perfect eye for composition and choreography with his production of Mei's "echo dance." Mei smoothly moves through her intricate paces, provocatively stimulating the senses. Carefully choreographed drummers surround her in perfect symmetry, setting up an unlikely stage from which Mei performs her stunning dance. After this initial interior sequence, the film goes outside and stays there for several pursuits. Zhang then parades several imaginative battle sequences in which armies are outrageously mowed down by one or two people. Consequently, much of "Daggers" follows a Hong Kong film tradition by taking place in the air, as fights erupt in bamboo forests, with warriors swaying in the trees, bending, and defying gravity. Zhang's pastoral fight scenes don't originate from the Hong Kong tradition of Tsui Hark or early John Woo films, but instead are his own inventions with much more emphasis on the aesthetic. And it's for this eye that Zhang is best known, even in epic works like "Hero" or in a film like "Daggers." And that alone makes it more entertaining, and better, than 98 percent of most movies. Was this review helpful to you? ( Report this ) 1 of 3 people found the following review helpful: From another Chinese viewer... , December 19, 2005 Reviewer: F. Quan (Orem, UT USA) - See all my reviews I rented this movie over the weekend so I could decide if I was going to buy it. Decided against buying it. The movie is slow and drawn out. This is really a love story with martial arts in it. If you're looking for a martial arts movie, move on to something else. If you're looking for a love story, there are better stories out there. Was this review helpful to you? ( Report this ) 2 of 2 people found the following review helpful: An Asian love story , December 15, 2005 Reviewer: Cory D. Slipman (Rockville Centre, N.Y.) - See all my reviews "House of Flying Daggers" directed by acclaimed Yimou Zhang is a romanntic drama disguised as a martial arts film. This visually appealing movie features terrific set designs and costuming to create 9th century China at the time of the Tang dynasty. The martial arts action sequences were choreographed beautifully as one would expect. The storyline however was merely an above average romantic plot. The Tang dynasty was in a state of decline and a clandestine underground group, the House of the Flying Daggers, was attempting to take over control of the country. The blind daughter of the recently assassinated leader of the group was purported to be working as a dancer in the lavishly decorated bordello, the Peony Pavilion. Two captains of the reigning government Jin and Leo schemed to use the girl to lead them to the secret hideout of the Flying Daggers. The girl Mei played by the ravishingly beautiful Ziyi Zhang is arrested on trumped up charges by Leo, played by Andy Lau and threatened with torture unless she reveals the secrets of the Flying Daggers. As previously, arranged Jin played by Takeshi Kaneshiro, helps her escape using an impressive array of martial arts moves. Jin and Mei, also an accomplished martial artist, are riding and running through the countryside being hunted by government soldiers. Jin is attempting to gain Mei's confidence so that he can coax her into leading him to the Flying Daggers, with Leo in hot pursuit. A funny thing happens as in their flight which includes frequent battles in that Jin and Mei fall in love. Mei had previously been Leo's love interest so this creates a muddle in the various allegiances. The film concludes in a fairly standard manner but not necessarily happily ever after. Was this review helpful to you? ( Report this ) See all 219 customer reviews... Listmania! Great Asian Movies, China, #1 ... : by Steve Vander The Best Tearjerkers : by Lyn All Things Sexy : by Eliza So You'd Like to... The Best of Eastern Directors : by Jason , Amateur Film Critic Have an awesome Movie collection like me : by kurt , Movie collector/ amatuer movie critic Get the BEST Cinema. : by Ruben , Amateur Movie Critic Fun Facts from IMDb.com: Awards Click here to see more Awards Boston Society of Film Critics Awards: BSFC Award for Best Foreign-Language Film, Best Director, Best Cinematography Golden Rooster Awards: Golden Rooster for Best Art Direction Golden Trailer Awards: Golden Trailer for Best Foreign, Best Foreign Independent Los Angeles Film Critics Association Awards: LAFCA Award for Best Foreign Language Film Motion Picture Sound Editors, USA: Golden Reel Award for Best Sound Editing in Foreign Features National Board of Review, USA: NBR Award for Outstanding Production Design National Society of Film Critics Awards, USA: NSFC Award for Best Cinematography, Best Director Satellite Awards: Golden Satellite Award for Best Visual Effects, Best Cinematography Nominations Click here to see more Nominations Academy Awards, USA: Oscar for Best Achievement in Cinematography Academy of Science Fiction, Fantasy & Horror Films, USA: Saturn Award for Best Fantasy Film, Best Costumes, Best Director, Best Actress BAFTA Awards: BAFTA Film Award for Best Editing, Best Production Design, Best Film not in the English Language, Best Make Up/Hair, Best Achievement in Special Visual Effects, Best Sound, Best Costume Design, Best Performance by an Actress in a Leading Role, Best Cinematography Broadcast Film Critics Association Awards: BFCA Award for Best Foreign Language Film Chlotrudis Awards: Chlotrudis Award for Best Cinematography European Film Awards: Screen International Award Golden Globes, USA: Golden Globe for Best Foreign Language Film Golden Rooster Awards: Golden Rooster for Best Picture, Best Sound, Best Director Golden Trailer Awards: Golden Trailer for Best Music Hong Kong Film Awards: Hong Kong Film Award for Best Asian Film Trivia Click here to see more Trivia Director Yimou Zhang has said that he will rewrite the screenplay to remove Anita Mui's character following the veteran star's death. This is meant to be a sign of respect for Mui. It was earlier reported that Michelle Yeoh or Brigitte Lin would be cast instead. This was originally going to be Anita Mui's final appearance in film and she had already accepted the role but, because she was battling cervical cancer, her part wasn't going to be filmed until early 2004. After her death on 30 December 2003, director Yimou Zhang decided to alter the script rather than find a replacement. Anita's name will still be listed in the credits. Goofs Click here to see more Goofs The music that the live musicians play during the drum duel scene, although beautiful, is not characteristic of classical Chinese music of that era. Crazy Credits Click here to see more Crazy Credits In Memory of Anita Mui1963-2003 The Chinese theatrical release has a Chinese translation of the ending song(which has lyrics in English) on the left side of the screen during thecredits. Movie Connections Click here to see more Movie Connections Featured in: The 77th Annual Academy Awards Quotes Click here to see more Quotes [reaches for dagger in back] Leo : Yee : Do not pull this dagger out. I'm sending you back to keep spying for us. You will be more convincing with a dagger in your back. Mei : To be free like the wind. For more information about "House of Flying Daggers" visit the Internet Movie Database (IMDb) Look for similar items by category Browse similar items in: DVD > Actors & Actresses > ( K ) > Kaneshiro, Takeshi DVD > Actors & Actresses > ( L ) > Lau, Andy DVD > Directors > ( Y ) > Yimou, Zhang DVD > Genres > Action & Adventure > General DVD > Genres > Art House & International > By Country > China DVD > Genres > Art House & International > By Country > Hong Kong > General DVD > Genres > Art House & International > By Original Language > Chinese DVD > Genres > Art House & International > General DVD > Genres > Drama > General DVD > Genres > Drama > Love & Romance > Romance DVD > Genres > Drama > Love & Romance > Star-Crossed Lovers DVD > Genres > Drama > Period Piece Suggestion Box Your comments can help make our site better for everyone. If you've found something incorrect, broken, or frustrating on this page, let us know so that we can improve it. 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Low, variable rates APR as low as 6.50% for the first six months * Credit lines up to $500,000 No points, fees, or upfront costs * Platinum Visa, check, or cash access No annual fee * Primary residence or rental property - same low rate 100% tax-deductible interest * One of the industry's lowest floors (1.00%) and ceilings (11.99%) Apply online! For important disclosure information, click here . *Rates effective as of 12/1/2005. An introductory Annual Percentage Rate (APR) as low as Prime Rate minus 0.50% is valid for the first 6 months from the date of loan origination. Currently, your discounted rate would be as low as 6.50% APR. Thereafter, your rate may be as low as the Prime Rate, as published in The Wall Street Journal, which is currently 7.00%. Prime Rate may change at any time, although your rate is subject to change quarterly. The maximum APR is 11.99%. The $35 Annual Fee is waived for the first year and assessed on your anniversary date any year thereafter when your balance is less than $10,000. To qualify for the lowest rate, members must have above-average established credit and meet certain loan-to-value ratios. For loan amounts in excess of $250,000, the borrower is responsible for paying all actual costs incurred, based on the loan amount established. Offer available for new home equity lines of credit on both owner- and non-owner occupied, 1-4 unit properties, in the state of California. If the loan is closed within the first three years from the origination date, an Early Account Closure Fee may be assessed on loans with credit limits of $250,000 or less. A Reconveyance Fee will be charged when your loan is paid in full. Consult your tax advisor regarding the tax deductibility of interest. Certain limitations apply. Loans subject to credit approval. Rates, terms, and conditions are subject to change without notice. [ Back To Top ] PowerHouse Loan The PowerHouse Loan is based on your creditworthiness not the equity in your home. Therefore, you can access the funds youneed even if you only recently purchased your home. Low, fixed rates Interest Potentially Tax Deductible * No appraisal required Borrow $5,000 to $15,000 5- to 7-year terms In most circumstances, funds can be available in as little as 10 days No pre-payment penalty Available on owner occupied properties only Apply online! Special Note: Even if you currently have a Home Equity Credit Line or Second Trust Deed with USE, you may still qualify for aPowerHouse Loan. However, if your equity credit line or second trust deed is held by another financial institution, we cannot arrangea PowerHouse Loan unless we pay off the existing loan. Owner-occupied residences only. [ Back To Top ] All loans are subject to approval. Home Equity and PowerHouse Loans are not available when your first mortgage has a balloon payment. California properties only. A fee will be charged for reconveyance when your loan is paid in full.*Please consult with your tax advisor for IRS guidelines on the deductibility of interest payments. Home Equity Line of Credit (HELOC) Platinum Visa * Annual Percentage Rate 6.50 % Variable Rate Information Annual Percentage Rate varies quarterly based on the Wall Street Journal Prime Rate plus a margin. Variable Rate not to exceed 11.99% or be less than 1.00%. Grace period for the repayment of the balance of purchases On new purchases paid in full by payment due date as set forth on your periodic statement. Method of computing the balance for purchases Average Daily Balance Method(including current transactions) Annual Fee $35.00. Waived for the first year; waived if balance is $10,000 or greater. Cash Advance Fee None Late Payment Charge $10.00 if your minimum monthly payment is more than 10 days late Overlimit Fee $10.00 for each billing cycle we receive a purchase or advance which causes you to be over the limit. Effective Date December 1, 2005 * Index of 7.00% - 0.50% = 6.50%. Index of 7.00% + 1.50% = 8.50%, effectiveDecember 1, 2005.Rates and Terms subject to change at any time. USE is an Equal Housing Lender [ Back To Top ]

Selling home on your

Alaska Journal of Commerce: Selling home on your own can prove costly 04/22/02 [an error occurred while processing this directive] [an error occurred while processing this directive] Home Focus In this Issue Calendar Bulletin Board Movers & Shakers Business History Archive Around the World Legals Viewpoint Profile Cartoons Contact Us Advertise with us Subscribe About Us Classified ADs Oil & Gas Special Sections Wealthbuilders Fish Factor Travel Insight Property Wise Tech Watch Law Page Philanthropy Health Book of Lists -5° 17° 9° 8° 27° 33° 35° 41° 44° 39° 35° Choose City Anchorage Barrow Bethel Cordova Deadhorse Denali Park Dillingham Dutch Harbor Fairbanks Galena Haines Homer Juneau Kenai Ketchikan Kodiak Kotzebue McGrath Nenana Paxson Petersburg Pribilof Islands Sitka Skagway Soldotna Talkeetna Valdez Wrangell Yakutat Email Newsletter Palm Pilot Delivery Letter to the editor Comments Locate a copy [an error occurred while processing this directive] [an error occurred while processing this directive] 042202 prop_wise 2 Alaska Journal of Commerce Late night television and local radio programming is rife with infomercials and advertisements touting how easy it is to buy and sell your houses, buildings and businesses all by yourself and save staggering amounts of money to boot. -- Web posted Monday, April 22, 2002 Selling home on your own can prove costly By Ken Jelinek For the Journal Late night television and local radio programming is rife with infomercials and advertisements touting how easy it is to buy and sell your houses, buildings and businesses all by yourself and save staggering amounts of money to boot. They can be rather insulting to those of us in the real estate industry because they attempt to make us sound unnecessary, unethical and expensive. But the fact is, you really can do it yourself successfully. Cynically speaking, however, you can also fix your own car, generate your own electricity, defend yourself in court, trade your own stocks and never visit a doctor. You could probably do your neighbor's job too. One day, when everything is perfectly computerized and digital, you probably won't need a real estate agent. But for now, for the rest of us, we need the help, and that help is going to cost us. So, before you go spiraling off in your declaration of independence, ask yourself, "If it's really so easy, then why aren't all real estate transactions conducted without an agent?" You might also ask yourself if you would want to eliminate the real estate agent and take on all of his or her responsibilities when you are already bogged down with your own life in general, and especially if you haven't done it enough to do it right or do it well? Then, listen closely to your answers because we professionals in the industry are often patching up real estate transactions gone sour behind the well-meaning do-it-yourselfers. Keep in mind that I'm referring to all professionals in the industry including agents, attorneys, loan originators, title officers, processors, surveyors, tax assessors, appraisers and inspectors. But I'm referring specifically to the agent because he or she is the center in this wheel. Nationally, only three to five of every 100 home sales consists of successful "For Sale by Owner" transactions. The vast majority of those that attempt it end up hiring an agent within the first 30 days after they have realized the true cost, time and demands required for marketing and showing a home. Locally, the statistics indicate 15-17 percent of FSBOs are successful. While there are a lot of reasons for this, one of the main ones is that we have a robust seller's market with relatively low inventory. This can be quite tempting for sellers to strike out on their own because it looks easier than it is. But even the owners that sell their own homes usually sell to a buyer who has an agent paid for by the seller. The truth is that the vast majority of all real estate transactions are completed with agents involved on at least one side of the sale, and for this reason, most transactions go very smoothly. But sometimes they don't. One recent seller took the advice of a local FSBO program on pricing his home. Several programs will give you limited service for a set fee. He put an ad in the paper and sold it within three days. When the appraisal report came back he learned that he priced his home too low but was still committed to that price. Sure, he might have saved 6 or 7 percent in brokerage fees but he lost a lot more than that to the happy buyer because his FSBO consultant didn't know the market well enough. In a similar incident, a very excited couple heard of a perfect home on the market For Sale By Owner in their neighborhood. The sellers told them that they didn't want to pay any brokerage fees and proceeded to negotiate down the asking price by $9,000, which made the buyers feel special. A market analysis revealed that the starting price was already about $10,000 too high. And yet, it's going to be sold at the same market price to the buyers whether or not they have an agent paid by the seller. Recently a buyer made an offer on a duplex that was accepted with a counteroffer to increase the earnest money. Both buyer and seller agreed verbally and the only thing lacking was the buyer's signature on that change. In the meantime, the seller sold the duplex to a second buyer to get a higher price and quicker closing. He now has two accepted offers on the same property at the same time. Which party in this potential lawsuit would you like to be? Not all sellers innocently try to save money on real estate commissions. Some choose to "overlook" disclosing pertinent and sometimes legally required information to buyers because doing so might lower the final sales price or prohibit a sale indefinitely because they can't afford to fix a deficiency. How would you protect yourself without the watchful eye of an expert? Agents usually take on quite a bit of risk in marketing your house for sale or driving you around looking at homes to buy. They pay for everything up front and often don't get paid until the day it is recorded, which makes him or her, actually, quite a bargain. On the other hand, you could do it yourself. Ken Jelinek is an associate broker with RE/MAX Properties in Anchorage. He can be reached at 907-257-0196. [an error occurred while processing this directive] © 2004 The Alaska Journal of Commerce and Morris Communications Corp.