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re: Realtor Fees and high dollar OT Baller estates
Posted on 11/8/17 at 12:12 pm to ellishughtiger
Posted on 11/8/17 at 12:12 pm to ellishughtiger
quote:
Why sell the property? Hold on to it and leave it for future generations.
Because I don't want to live in or maintain a 6,000 SF house.
This post was edited on 11/8/17 at 12:14 pm
0
Posted on 11/8/17 at 12:13 pm to ellishughtiger
quote:
You’ll fork over around ~6% for realtor fees. Congrats on the inheritance, but you sound like you’ll be broke in a year or two.
Getting 94% of over a million dollars means going broke?
Posted on 11/8/17 at 12:14 pm to jbgleason
Give me 4 250k cookie cutters over one 1M dollar property everyday. I’ll spend less money, do less work, sell 4 cookie cutters faster than million dollar listing, and deal with a much nicer reasonable happier human being 99% of the time. And Your property is an estate? Awesome. Never a shred of drama and emotion going into that business transaction.
All that said everything is negotiable. Good luck
All that said everything is negotiable. Good luck
This post was edited on 11/8/17 at 12:17 pm
Posted on 11/8/17 at 7:43 pm to ellishughtiger
quote:Yes. I can’t link MLS
Seriously? Link please?
Posted on 11/8/17 at 7:53 pm to elposter
quote:
But are they really doing twice the work and worth twice as much selling a $1,000,000 house as they are a $500,000 house? Seems doubtful which I think is the OPs point and I think it is a good and accurate one. Agents are more willing to come down when you get into high value properties because they know they can still get the same or better return on their work/time.
Maybe, but as mentioned by others, potential clients aren't usually turned on by discount realtors. The expenses for the seller are also much higher on a property of that value (taxes, potential interest on outstanding loan, maintenance, etc), so getting it sold quickly at a 6% commission could be a cheaper route than a discount fee and extra 6 months.
Posted on 11/8/17 at 9:57 pm to jbgleason
Does the property have a mortgage on it or any moneys owed? (Taxes, insurance....)
If so, the sooner sold, the better.
If you can sell at leisure, take your time and search the local newspaper and see where the $$$ big sales were made. Then find out who the realtors are who closed on the sales in your predicted price range.
People selling double wides probably do a good job, but they aren't going to have the clientel who can afford your property.
Worse thing you can do ...sign a contract with someone who doesn't know the area.
If so, the sooner sold, the better.
If you can sell at leisure, take your time and search the local newspaper and see where the $$$ big sales were made. Then find out who the realtors are who closed on the sales in your predicted price range.
People selling double wides probably do a good job, but they aren't going to have the clientel who can afford your property.
Worse thing you can do ...sign a contract with someone who doesn't know the area.
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