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| I got a fixed 5 year fixed mortgage with northern rock, due to unforeseen circumstances i now have to put the house on the market, im only 5 months into the mortgage term which means a hefty penalty, ... |
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 If I use a realtor to see my house, can I be there when they are showing the house? |
| Then I could point out additional good things about the house or neighborhood. Or is this something I forfeit by hiring a realtor?... |
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| I need to get a court order to evict a tenant thats not paying rent. He won't leave on his own and owes us 2 months of rent. Is it going to be difficult if we just had a verbal agreement and ... |
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| Can a landlord charge an insufficient (30 day) notice fee, when landlord rents apt immediately and is out $0.? |
| It is my understanding that a landlord can only charge for damages and lost rent as a result of breaking a lease. I paid for April rent (april 1-30), got new job in new city and had to break lease. ... |
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 Realtor Fees? |
| We are thinking of buying our first home in the next year, and I am curious what the average cost of realtor fees are for the buyer in the Midwest US? Thanks!... |
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EARTH
The fifth-largest planet of the solar system and the third in order of position from the sun. It is an oblate spheroid, being slightly flattened at the poles. Satellite observations ... |
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 Anyone have any advice on selling our house FSBO? |
| I know that is not the ideal way to sell - we've always used a realtor in the past, but if we do this time we'd lose money which we can't afford. Selling so I can stay home with baby ... |
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 Repost: About how much would it cost me to have someone build this house? |
I asked this question last night but didn't get any responses. Perhaps you Real Estate section folks are morning people? ;) I've also added a couple of questions to the end.
S... |
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 My Granddad is a pensioner who is looking for a house to rent. Is he part of dss? |
| My Granddad is a pensioner who is looking for a house to rent. The government would pay him the amount needed directly to his bank account. i want to know whether he is Dss or not. Because someone ... |
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 What Can be Done if Many Townhome Owners Refuse to Pay Maintenance? |
| My neighborhood of 78 townhouses has about 32 people that haven't been paying maintenance for over 2 years. They pay the bank for the home but they don't pay for the maintenance costs so ... |
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 Really outdated bathroom in the apartment I rent? |
I live in freaking NYC - I don't like it. Rent is 1,250 for a two bedroom one bathroom.
The bathroom is stuck in the 70's and is gross. The floors are tiny white tiles and the wall ... |
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 Can I legally hand over an apartment to the landlord through the mail? |
| I moved out of the apartment a couple days ago. I finished cleaning the apartment and taking the last of my belongings. I've tried handing over the keys and the apartment in person several ... |
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 Is it possible to be both a Travel and Real Estate Agent? PLEASE ANSWER (10 points for most thorough answer)? |
| I want to be a Realtor bad! But the pay isn't so good necessarily. I want to be a Travel Agent on the side until I can "make a name"for myself in the Real Estate business. I would ... |
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| I'm moving to Arizona and the lease indicates that before I move in I have to give them certified funds that cover Security Cleaning Pro-rated June July rent and last months rent. On the ... |
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 Can I get out of a lease if I can't move in? |
| We are supposed to move in on June 1st. I went by the place today to measure and count windows for curtains and it's been destroyed. I called the landlord and he told me the town has taken it ... |
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 I just turned 18, how much money will I need to buy a house? |
I'm going to start investing now. My grandpa is rich and will give me however much money I need.
What do I do to buy a house? Get a loan from my bank, buy it, pay morgage, then rent it out.<... |
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crazy eddie | How could listing my home at a higher commission rate benefit me? |
1. I could raise the selling price higher
2. It will attract more realtors to show the house and could cause it to sell more quickly
3.It will attract more buyers to drive by |
 |
 
what
|
Look: Realtors are as greedy as they come. First, they show their listings, because they hope to get a commission from listing, and then selling---double commission.
Next, they will look for the higher commission: 7% or 8% on the MLS service. They will then send out their client to see these first hoping to get a piece of this commission.
Thirdly, if all else fails, they listen to the buyer and send them out to several slightly more expensive properties, then finally in the ball-park listings. We were taught that a client would normally be really interested or purchase the third property. Well....some times.
The commisson fee schedual, is kinda like this: say based on 6%: the listing broker gets 3%, and the buying broker gets 3%.
Of that the agent has an agreement contract with the broker. If he is new, he may get 1%-1.5% or any where in between. But if he is the best in the business he may get 2% or more especially if he is producing alot.
So if you raise that to a 7% or 8%, then the broker raises the agents portion a little more.
HOWEVER: the buyers are savy too. They want nice, nice, nice, and location, too. So curb appeal, new kitchen, and carpet, and "wife-things" (women get what they want).
If you need to sell fast, and get out before the colapsing markets makes you cut deeper, I suggest you drop your price, or try to rent it out. Because, I don't feel that realtors steering clients to their profitable listings really is the way to go, or work that often.
And raising your price only works in a sellers market where you have multiple offers for a "hot" looking property. |
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Landlord
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Only number 2 is correct.
It will not effect your selling price and certainly will not effect drive by's. |
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ods
 |
More realtors would show your property versus a property that doesn't pay as much. Realtors want to make as much money as possible. You could however negotiate with your realtor that if he/she lists and sells as well that the commission would be smaller. They usually go for this. |
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Leo F
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1-wrong 2-wrong 3-wrong, three strikes your out. 1 You can sell it for a higher price, but the buyer would not get a loan for higher than the appraisal and when I appraise a purchase I don't give a dam what the sales price is, Im doing a market value appraisal to protect the lender not to get the seller more money. 2 it may attract more realtors to want to show it, but they will also know its over priced and will not want to waist there time. 3 Why would it attrtact more buyer to drive by? I know one thing, thats just what they will do "drive by". Remember the realtors don't buy houses the buyers do. Price it right you fool. |
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Gerald
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I see why you are crazy eddie--- none of the three points make absolutely no sense... Rethink your strategy and come up with things that will work... |
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Mopar Muscle Gal
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in a buyers market- raising the price will not work
it will attract more Realtors to show it/help sell it
the pushy greedy realtors will bring more people by
It will more $ in the Realtor pocket
It will cost YOU more $ out of the sale
but the house will be sold so you can move on |
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Valley R
 |
to sell your house quicker and benefit you .... lower the selling price and raise the commission.
If there are 100 homes on the market in your area for sale .... and 90 of them are offering a broker commission of 3% to the buyers broker, 6 of them are offering 3.5% and 4 homes are offering 4% which ones do you think will get shown more?
Raising the broker commission will get more people to tour your house. |
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Alterfemego
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Some suggest paying extra commission to the buyers agent when they bring an offer. I can tell you that most of us are not looking for extra commission when searching for homes for our buyers. We're looking at the criteria the buyers have.
I strongly urge you in today's market to pay your listing agent more. They are the ones that spend alot of money up front to market your home. Give them more to work with on your behalf. For the extra money though I would ask them to provide a Circlepix or photo tour of your home and upload to various websites, zillow.com, yahoo.com, craigslist.com, Realtor.com... 85% of buyers search the internet for 3 months prior to viewing any homes. So where do you want your listing promanetly displayed? Brochure booklet not just a flyer on the home. Maybe ask them to hire a professional stager to come in and stage your home to make it the best in the neighborhood. Now your task is to make sure you have done all the routine maintenance and spruced up the place? If a buyer has an inspection and they find something that was deferred maintenance, you may lose the deal. Oh a fresh flowers by the front door. Best of Luck! |
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juniejuly
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I don't see that it would. |
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