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What’s an acceptable commission rate for a realtor to sell a residential lot in South Miss
Posted on 9/26/19 at 3:59 pm
Posted on 9/26/19 at 3:59 pm
Was a lot with a house before Katrina; cleaned up now and around 1000’ from the beach in a neighborhood... I thought the general rule was about 6%... any ideas? TIA
19
Posted on 9/26/19 at 3:59 pm to MarlinMan
3.50
This post was edited on 9/26/19 at 4:00 pm
Posted on 9/26/19 at 4:00 pm to MarlinMan
Pics of realtor first?
Posted on 9/26/19 at 4:01 pm to rowbear1922
It’s a man... if you are into that sort of thing...
Posted on 9/26/19 at 4:03 pm to MarlinMan
4 to 4.5
Posted on 9/26/19 at 4:04 pm to MarlinMan
quote:
It’s a man... if you are into that sort of thing...
Who the frick doesn't go out and get a hot realtor to sell your shite for you?
If you are buying, that's a different story.
Posted on 9/26/19 at 4:04 pm to Paul Allen
Really? That seems low, but the lower the better. After all it’s just a lot...
Posted on 9/26/19 at 4:06 pm to MarlinMan
BSL?
Posted on 9/26/19 at 4:07 pm to Gaston
Just inside Long Beach at Pass Christian line... Neat smaller community with restrictive covenants...
Posted on 9/26/19 at 4:11 pm to MarlinMan
quote:
Was a lot with a house before Katrina; cleaned up now and around 1000’ from the beach in a neighborhood... I thought the general rule was about 6%... any ideas? TIA
Realtor fees, for some reason, are generally 3% for the seller's agent and 3% for the buyer's agent for the sale of a home. So, as the seller, you end up paying 6%.
I would strongly recommend negotiating that down for a lot, or going with a flat fee service to list the lot, if available. If not, you could also use the 1% list service/company. 6% is crazy enough for a home, but what exactly is the realtor's value in selling a lot? Listing the lot on MLS, putting a sign in the ground, and, when they receive an inquiry, forwarding the survey, elevation certificate and price?
I'm sure a realtor will be along shortly to confirm their value, and to explain why their payment should be a percentage of the sales price.
Posted on 9/26/19 at 4:14 pm to BabyCakes
Great feedback, man... thanks. I’ll continue researching in order to make an informed decision... seems like a racket...
Posted on 9/26/19 at 4:28 pm to MarlinMan
The problem is that if you go too low and find a realtor that will accept that amount you risk the buyers realtor avoiding the property. The buyer and seller’s realtor split the commission in some manner so if it is really low then buyer’s realtors are going to avoid showing your property and focus on others with higher commissions. Just the way it works. It may not be as big of a hindrance with lots as opposed to houses but that depends on how unique your lot is. I’d negotiate to 4 or 5 percent but honestly, probably lower for just a lot.
This post was edited on 9/26/19 at 4:29 pm
Posted on 9/26/19 at 4:34 pm to MarlinMan
quote:Where they got those ant mounds with a house on top of each of them along US Hwy 90?
Just inside Long Beach at Pass Christian line... Neat smaller community with restrictive covenants...
Posted on 9/26/19 at 4:38 pm to MarlinMan
Look, I got my real-estate license a few years back for shits and gigs. I'd even do it for four-fifths commish... because you know what really gets my dick hard? Helping out my friends.
Posted on 9/26/19 at 5:11 pm to MarlinMan
Do you want a recommendation for a realtor on the coast or do you already have one?
Posted on 9/26/19 at 5:17 pm to ProudLSUMom
Good stuff, guys... keep it coming. I have a realtor who says he charges 10%. He is sending me his listing agreement but 10% seems way high..so I haven’t signed anything yet... that’s why I started this thread.. I’m open to using anyone, but think I should list it instead of doing it myself.. I simply don’t have the time...
This post was edited on 9/26/19 at 5:19 pm
Posted on 9/26/19 at 5:25 pm to MarlinMan
10% ?!?!? Tell him to frick himself with an AIDS infested cactus dick.
Posted on 9/26/19 at 5:46 pm to MarlinMan
Check out Redfin.com
Not sure if they do lots but its a flat 1-2% to list.
Not sure if they do lots but its a flat 1-2% to list.
Posted on 9/26/19 at 5:57 pm to MarlinMan
How much you asking? Got a former client that may be looking for a place around that area. How's a 0% commission sound?
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