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Started By
Message
re: How do realtors get paid?
Posted on 10/18/16 at 10:21 am to Dale Murphy
Posted on 10/18/16 at 10:21 am to Dale Murphy
quote:
And I know the standard rate is 6%.
Don't pay 6%. There are plenty of realtors who will do it for less. I recommend a flat fee. For a $300,000 house, offer the realtor $10,000 to sell it. If they don't want to do it, let them know they can leave now and you will make the same offer to the next realtor you see.
0
Posted on 10/18/16 at 10:21 am to Dale Murphy
Best move i ever made was buying a FSBO house.
Crushed it when I sold with a realtor 6 years later. I got the house at least 50k less than worth. Prob closer to 75K. And the fact it was FSBO meant almost nobody knew it was for sale. So it was still sitting there for me.
Edited: seems if youre smart you can do well selling without a realtor as well. Was not my experience though.
Crushed it when I sold with a realtor 6 years later. I got the house at least 50k less than worth. Prob closer to 75K. And the fact it was FSBO meant almost nobody knew it was for sale. So it was still sitting there for me.
Edited: seems if youre smart you can do well selling without a realtor as well. Was not my experience though.
This post was edited on 10/18/16 at 10:28 am
Posted on 10/18/16 at 10:26 am to ItNeverRains
quote:
That's because once the negotiations are done in NYC the realtors are out of the transaction and attorneys take over. Attorneys are more expensive than agents.
Huh? My attorney cost about $2,500, while the realtors split almost $50,000.
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