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re: I need help from OT real estate experts
Posted on 4/26/24 at 6:25 pm to patnuh
Posted on 4/26/24 at 6:25 pm to patnuh
5% is typical in my area. I'd do 5% and 3 months with a 3 month option to extend. Sellers have some control right now in many areas. If you're in many parts of Florida though, do 6% and 6 months.
0
Posted on 4/26/24 at 6:26 pm to DomincDecoco
quote:
About to list mine, was offered 4% commission...still looking for 3%
Let me know what you end up with. This guy turns me down I'll be looking for an agent
Posted on 4/26/24 at 6:27 pm to DomincDecoco
quote:
About to list mine, was offered 4% commission...still looking for 3%
You’ll find it with a trash broker that will end up negotiating a sh*t deal. You’ll end up losing 5 points to save 1. Good job.
Posted on 4/26/24 at 6:30 pm to MRTigerFan
You can withdraw that listing as you please...if the agent balks, call the Broker...if you are at 6 demand 3 for the Buy side ..actually we are at 5.
Posted on 4/26/24 at 7:02 pm to MRTigerFan
quote:
It says the selling agent will get 2.5%
The selling agent is the buyer’s agent
Posted on 4/26/24 at 9:40 pm to MRTigerFan
365 is insane. That just means if somebody that was originally their client comes back later on their own and ends up buying the house they get paid. Usually it’s not 60-90 days. Should be 0.
Posted on 4/26/24 at 10:19 pm to MRTigerFan
There is no set commission for real estate agents. You should negotiate the terms with your current agent or find one that will.
The seller pays the x% to the listing broker and they pay the brokerage of the buyer’s agent x%. This should be explained in your listing agreement.
The brokerage takes their cut and then pays the agents.
365 is a very long contract. 6 months is the norm.
ETA: If you have ownership in this home and your name isn’t on the listing agreement or you didn’t sign it…
It is invalid. J/S
The seller pays the x% to the listing broker and they pay the brokerage of the buyer’s agent x%. This should be explained in your listing agreement.
The brokerage takes their cut and then pays the agents.
365 is a very long contract. 6 months is the norm.
ETA: If you have ownership in this home and your name isn’t on the listing agreement or you didn’t sign it…
It is invalid. J/S
This post was edited on 4/26/24 at 10:59 pm
Posted on 4/26/24 at 10:28 pm to MRTigerFan
365 days is WAY too long. Forget that!
Posted on 4/26/24 at 10:30 pm to dsides
quote:
You’ll find it with a trash broker that will end up negotiating a sh*t deal. You’ll end up losing 5 points to save 1. Good job.
Nah. Gimme a break man, you must be a realtor.
I'm not buying, I'm selling...price based on comps, list with pics, arrange showing, coordinated sales process...im sorry but this is not worth what they have been charging up until now.
Posted on 4/26/24 at 10:34 pm to tigers33
quote:
The selling agent is the buyer’s agent
This is correct. The listing agent is trying to keep 3.5% and offer 2.5% to the buyer’s agent aka selling agent.
Posted on 4/27/24 at 7:15 am to DomincDecoco
quote:
Nah. Gimme a break man, you must be a realtor.
No I can just spot a cheap fool when I see one
quote:
I'm not buying, I'm selling...price based on comps, list with pics, arrange showing, coordinated sales process...im sorry but this is not worth what they have been charging up until now.
Look man, I’ve bought and sold a lot of real estate over the years for my own account, mostly commercial, but the same principle applies. Not every service provider is equal, and you get what you pay for. If the above items are all you think you get, just do it yourself. I’m sure you could find a good title company to manage the docs and closing once you have a buyer.
This post was edited on 4/27/24 at 7:31 am
Posted on 4/27/24 at 8:28 am to XenScott
quote:
If it’s also in you name you have to sign the agreement also. 365 days is too long. Don’t know about fees.
I think 6 months is standard.
Posted on 4/27/24 at 10:05 am to MRTigerFan
quote:
I'm in the Baton Rouge area.
i'd do it for 5%... if interested, hit me up
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