|
Off Topic Off Topic - General non-Corvette related discussion. |
|
Share | Thread Tools | Search this Thread |
03-22-2011, 2:12pm | #1 | ||||||
Barn Raising III
Join Date: Jan 2011
Location: Atlanta
Posts: 11,212
Thanks: 951
Thanked 5,227 Times in 2,305 Posts
Gameroom Barn Bucks: $10070941
|
real estate agent question...
We have had alot of interest in the house while doing the renovations. So much so that we have started a list with people to call back when we are ready to show it. The plan is to show it to them priorto listing it and offering it at a reduced price seeing that we won't have to pay a 5-6% commission. If none of them bite quickly (1 week max) then we will go ahead and list it.
Now my agent is a good guy and I will need someone to handle the transaction for me anyway so my question is this. What would you guys offer up for his services in the event i get a buyer prior to listing it with him? I know my attorney could handle the contract negotiations on my behalf as well for a fee and I have a call in to them. What do you think a fair "under the table" fee would be? |
||||||
03-22-2011, 2:15pm | #2 | |||||||
Latin American Goat Roper
Barn Stall Owner #101 Bantayan Kids '13
Join Date: Nov 2009
Location: Orange Park Florida
Posts: 60,710
Thanks: 32,894
Thanked 11,561 Times in 5,701 Posts
Gameroom Barn Bucks: $1138393
|
Quote:
hell he can even help with financing..typical charge WAS about 500 bux years ago....
__________________
GENE "Hell, there are no rules here ... we're trying to accomplish something." Thomas Edison All products should say "Do not use if your stupid"..... I love how Progressives want to have Darwinism taught in schools but denied as a reality in life. |
|||||||
03-22-2011, 2:18pm | #3 | |||||||
A Real Barner
Join Date: Dec 2010
Location: Northern California
Posts: 33,993
Thanks: 14,302
Thanked 12,309 Times in 5,942 Posts
Gameroom Barn Bucks: $2214590
|
Quote:
I'm sure the laws vary in each state, but I don't think it would be wise for a realtor to do a deal for "under the table" money. My agent had to get the reduced commission approved by the broker she worked for, and it was put in writing that it was contingent on that particular buyer purchasing the property within a set period of time. |
|||||||
03-22-2011, 2:20pm | #4 | ||||||
Barn Raising III
Join Date: Jan 2011
Location: Atlanta
Posts: 11,212
Thanks: 951
Thanked 5,227 Times in 2,305 Posts
Gameroom Barn Bucks: $10070941
|
If I do get an offer I was thinking of finding out how much my attorney would charge and offering my agent the opportunity to do it for the same money..
|
||||||
03-22-2011, 2:22pm | #5 | |||||||
Barn Raising III
Join Date: Jan 2011
Location: Atlanta
Posts: 11,212
Thanks: 951
Thanked 5,227 Times in 2,305 Posts
Gameroom Barn Bucks: $10070941
|
Quote:
|
|||||||
03-22-2011, 2:24pm | #6 | |||||||
A Real Barner
Join Date: Dec 2010
Location: Northern California
Posts: 33,993
Thanks: 14,302
Thanked 12,309 Times in 5,942 Posts
Gameroom Barn Bucks: $2214590
|
Quote:
My deal was in '04, during the boom, so RE brokers/agents reducing their fees was almost unheard of. They are probably a lot hungrier now. |
|||||||
03-22-2011, 2:25pm | #7 | ||||||
Barn Stall Owner #420
Join Date: Nov 2009
Posts: 5,153
Thanks: 45
Thanked 726 Times in 454 Posts
Gameroom Barn Bucks: $12530349
|
2 to 3 % if he does the paperwork
|
||||||
03-22-2011, 2:26pm | #8 | |||||||
Barn Stall Owner #1313
Barn Raising I,II,III NCM Supporter '11,'12,'13 Bantayan Kids '13
Join Date: Oct 2009
Location: Denison, Texas
Posts: 7,751
Thanks: 1,191
Thanked 1,864 Times in 1,029 Posts
Gameroom Barn Bucks: $1112489
|
Quote:
Every state has different rules, of course, and even different cities can vary. |
|||||||
03-22-2011, 2:28pm | #9 | ||||||
Barn Stall Owner #420
Join Date: Nov 2009
Posts: 5,153
Thanks: 45
Thanked 726 Times in 454 Posts
Gameroom Barn Bucks: $12530349
|
same deal for me when I sold my house..I showed up, signed some pepers and it was over
|
||||||
03-22-2011, 2:29pm | #10 | |||||||
A Real Barner
Join Date: Dec 2010
Location: Northern California
Posts: 33,993
Thanks: 14,302
Thanked 12,309 Times in 5,942 Posts
Gameroom Barn Bucks: $2214590
|
Quote:
|
|||||||
03-22-2011, 2:29pm | #11 | ||||||
Barn Stall Owner #1313
Barn Raising I,II,III NCM Supporter '11,'12,'13 Bantayan Kids '13
Join Date: Oct 2009
Location: Denison, Texas
Posts: 7,751
Thanks: 1,191
Thanked 1,864 Times in 1,029 Posts
Gameroom Barn Bucks: $1112489
|
|
||||||
The Following User Says Thank You to oyealiz For This Useful Post: |
03-22-2011, 2:33pm | #12 | |||||||
Barn Stall Owner #420
Join Date: Nov 2009
Posts: 5,153
Thanks: 45
Thanked 726 Times in 454 Posts
Gameroom Barn Bucks: $12530349
|
Quote:
I finally had to put " NO Realstate Agents" on the flyer just to keep them vultures away |
|||||||
03-22-2011, 2:44pm | #13 | |||||||
Barn Stall Owner #80
Join Date: Jan 2011
Location: Dallas, TX
Posts: 724
Thanks: 57
Thanked 102 Times in 64 Posts
Gameroom Barn Bucks: $3983
|
Quote:
They don't like it when you go around them, but you don't need an agent to sell by owner. A title company can handle the paperwork. |
|||||||
03-22-2011, 2:49pm | #14 | |||||||
Barn Stall Owner #420
Join Date: Nov 2009
Posts: 5,153
Thanks: 45
Thanked 726 Times in 454 Posts
Gameroom Barn Bucks: $12530349
|
Quote:
I had no intention of paying some agent 6% |
|||||||
03-22-2011, 2:51pm | #15 | ||||||
A Real Barner
Join Date: Dec 2010
Location: Northern California
Posts: 33,993
Thanks: 14,302
Thanked 12,309 Times in 5,942 Posts
Gameroom Barn Bucks: $2214590
|
This thread has some good potential when Lars shows up.
|
||||||
03-22-2011, 2:53pm | #16 | |||||||
Barn Stall Owner #1313
Barn Raising I,II,III NCM Supporter '11,'12,'13 Bantayan Kids '13
Join Date: Oct 2009
Location: Denison, Texas
Posts: 7,751
Thanks: 1,191
Thanked 1,864 Times in 1,029 Posts
Gameroom Barn Bucks: $1112489
|
Quote:
If I had my home for sale by owner and a realtor actually had a client to show the home to, I'd let them, for 1/2 the full commission. I just see no reason to involve a realtor if I already had a buyer! |
|||||||
The Following User Says Thank You to oyealiz For This Useful Post: |
03-22-2011, 2:59pm | #17 | ||||||
Barn Stall Owner #420
Join Date: Nov 2009
Posts: 5,153
Thanks: 45
Thanked 726 Times in 454 Posts
Gameroom Barn Bucks: $12530349
|
I told some of the Agents that came by they could show my house, sell it, handle all the paperwork for 2% ...they werent very happy about it
|
||||||
03-22-2011, 3:01pm | #18 | ||||||
Barn Stall Owner #1313
Barn Raising I,II,III NCM Supporter '11,'12,'13 Bantayan Kids '13
Join Date: Oct 2009
Location: Denison, Texas
Posts: 7,751
Thanks: 1,191
Thanked 1,864 Times in 1,029 Posts
Gameroom Barn Bucks: $1112489
|
|
||||||
03-22-2011, 3:06pm | #19 | |||||||
Barn Stall Owner #420
Join Date: Nov 2009
Posts: 5,153
Thanks: 45
Thanked 726 Times in 454 Posts
Gameroom Barn Bucks: $12530349
|
Quote:
one couple came by on their own tho without the Agent It was kinda fun fkn with the Agents |
|||||||
03-22-2011, 3:06pm | #20 | |||||||
Barn Stall Owner #8
Join Date: Jan 2011
Location: I'm sittin' in a bar on the inside, waitin' for a ride on the outside in Verdi, NV
Posts: 1,795
Thanks: 163
Thanked 191 Times in 135 Posts
Gameroom Barn Bucks: $90676
|
Quote:
|
|||||||
|
|
Support the Barn: |
Download the Mobile App; |
Follow us on Facebook: |
||