 How can I get clients? |
| I am a newly real estate agent, and i really don't have any experience........I want to ask somebody how to get clients....i've done anything possible and nothing happends!!!!!! what have ... |
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 Can my apartment demand this information? |
| I am planning on moving into a new apartment and am a full-time student so my parents are going to co-sign with me. I have excellent rental history, good credit, and my parents income is more than ... |
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 Do you pay rent for the month before you live in the apartment or after? |
| I'm finally moving out and I was wondering if I moved in on Oct 1st do I pay for the month of Oct on the 1st of Oct or the 1st of Nov.?... |
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 Can a landlord legally show up unexpected and search your House? |
| search for clothes, rooms, cupards ect... to see if another person might be living there.... |
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| Can you buy a home with no down payment? |
| We are trying to buy a home and just wanted to know if it was possible to get financed with out having to put a down payment or a huge down payment. Our credit isn't the best, but think it is ... |
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 My lease is up; do I have to move?? |
| Our lease was up the sixth of April. We received no notice to vacate, but our landlord did call us and mention that his son was wanting to move in in May. We are looking to buy and don't have ... |
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| What happens if a co-signor wants to remove their name from a mortgage loan and not be responsible any longer? |
| The mortgage was co-signed by my mother-in-law and she says if my spouse and I continue to live together she will remove her name from the mortgage and we will lose our house? Is this possible for ... |
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 Home Buying for the first time..? |
I take home $45,000 a year and have a student loan of $30,000 to pay off. My monthly payment for it is $340. What is my debt to income ratio? Will it be held against me?
Additional Details
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 Why rent instead of own? |
| Why does it seem like more people (in US at least) are renting apartments these days? The apartment buildings are getting fancier and higher priced to appeal to more people, but my hubby and I are ... |
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 Who is at fault for the Subprime Mortgage Crisis? |
| I've heard opinions that the subprime mortgage crisis is the result of predatory lending, uneducated borrowers, over-valued homes, and a lack of government regulation. What do you think is the ... |
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 Getting my own house? |
| im getting my first house and cant really afford much furniture etc, what do you think would be the best place to look? i need to buy everything and only have £1k ...... |
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 Denied for apartment? |
| I was denied for an apartment on the grounds that my prospective landlord called my current residence and asked the landlord there if he was aware of the fact that my boyfriend was living with me. H... |
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| Is it a good idea to buy a house before you get married? |
| A friend of mine is thinking about buying a house with her partner. They are in no rush to get married, but thinks this is a good idea to save money. Her boyfriend is using his trust fund to put down ... |
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 Is LendingTree.com legit? |
| has anyone ever used it? i'm a first time homebuyer...and am looking for the lowest interest rate I can find. I heard that LendingTree.com will have different banks offer me different rates....... |
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 As a single first time buyer...? |
| How hard was it to get onto the property ladder? How did you do it? I feel I should be looking into this now but realistically can only afford a 50k mortgage and there aren't any properties ... |
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 What is the housing market like in your neck of the woods....? |
| How much would a 3 bedroom ranch with an attached garage cost where you live? One that is in relativly good shape....... |
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Deleted | How much commission ...? |
would a Real Estate agent usually take home for a house sale? I have my house for sale by owner and it's been mentioned that I sould offer a commission or a fee to the buyers rep. How much? |
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R.E. Advice
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How about finding an agency that will list and sell your home for a total of 4%.....You probably won't be getting the full spectrum of advertising punch at that price, but you'd get some. Some brokers/agents will do that if you make calls and ask. They could keep 1% as a listing fee and offer 3% to a buyers agent. I figured that would be a good idea since as a FSBO, I'd recommend giving +-3% to a buyer agent anyhow.
Why not spend a bit more and get some representation of your own, and limit your liability in the meantime?? Later on down the road if your home doesn't sell, offer the listing agency a higher fee and maybe they could extend extra advertisement for you. Just a thought.....I'm an agent myself in the West. |
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Jmeller
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Typically, the total commission paid on the sale of a home is 6%. 3% goes to the selling agent, and 3% goes to the buyers agent. So, I would guess you should offer no more than 3% commission to the buyers agent. Maybe 1.5 to 2% is a good starting point. However, there is no need to offer anything at all. Many people sell their homes By Owner, and don't pay commission to the buyers agent. Just be assured, realtors won't direct potential buyers to your home. |
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phylvera
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Most commissions run between 4 and 6% and if two realtors are involved(buyer and seller) they split it. |
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financing_loans
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So you have a FSBO (for sale by owner). Normally a listing might be 4-7% and the sellers agent and buyers agent split it.
So the buyer agent would get around 2-3.5% if the home was listed. I wouldnt give a penny more then that. I dont think an real estate agent that brings you a buyer would expect more.
So to answer your question 2-3.5% (nothing more) |
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godged
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3% is standard in my area.
Some FSBO send flyers to the various real estate offices, but they usually end up in the garbage, so don't waste your efforts there.
Put flyers on those free bulletin boards in grocery stores, place ads in the free sites, (like http://www.craigslist.org ) and Realtors will find your property.
Good luck! |
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swampysgirl
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If you are still interested in selling on your own then my suggestion would be 3% to the buyer's agent. In my local market, 3% is what is requested by the buyer's agent. Of that 3%, a certain cut goes to the agent's company and they get the rest. Now, keep in mind they have to pay taxes out of that, as well as their other business expenses. |
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Jason Powell AZ Realtor
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For the most part everyone has given you correct advice, 3% is typical for what the, "Real Estate agent [who had the listing would] usually take home for a house sale?"
... however it varies by area, and commissions ARE negotiable however you may also get what you pay for. There seems to be a prevailing belief that what Realtor's do is not worth what they get paid. A few bad apples sure have ruined the barrel. There are lots of reasons you hire a Realtor, paperwork, industry knowledge, pricing knowledge, liability, marketing dollars, etc.
I have to mention an independent study by the National Association of Realtors. It found that on average FSBO properties sell for 16% less than with a Realtor... so by trying to save 6% you often will lose 10%!
However this is not common knowledge, so hopefully more people know this now.
You really can't afford NOT to use a Realtor, unless you have some knowledge or are totally confident you will not miss any piece of paperwork and open your self up to future liability. Oh and you have to know what every house in your demographic has sold for, what they are selling for, and what you could realistically get for it. |
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carmensellsthehighdesert
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Generally, and this is negotiable, a Buyer's Representative would be paid approximately 3% of the sales price, at closie of escrow, to their employing Broker.
Many FSBO's offer to pay commission to buyer's agents thereby saving themselves approximately 3% by not hiring their own representation. Unfortunately, many sellers wish they HAD because most didn't know what their legal requirements were until they're in court somewhere down the road.
In this market when most homes are NOT selling even with good MLS exposure, it isn't necessarily the best idea to try and go it alone or you may be on the market a lot longer than you planned. The MLS is still selling over 90% of the available properties which is why most FSBO's usually end up listing with a Realtor. In this market, TIME IS MONEY....the longer you wait to sell, the more equity you lose.
You might want to check out this article from the National Association of Realtors:
http://narblog1.realtors.org/mvtype/narinthenews/2006/04/the_cost_of_selling_without_a.html
I know this sounds biased because I AM a Realtor but I have seen so many people blow it by trying to do it themselves. It's just best for you to look at all angles. You might be saving money in the short run, just make sure it's not costing you in the LONG run. You have to look out for yourself....your home is probably your biggest investment!
Another thing you might want to consider is, when YOU buy again, are you only going to look at FSBO's? Most Buyers are looking on Realtor.com at the MLS Listed properties and then hire a buyer's agent to help them in their search for the perfect home. So keep in mind that MOST buyers will not be looking at FSBO's and that shuts out most of the marketplace.
Be careful, and I wish you many happy years in your NEXT home! |
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timewiseinvestors
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You will (and probably already have) get realtors calling you with the offer of " if I could bring you a buyer..."
It is common to offer 2% to 2 1/2% as a "broker's consideration" in that case.
Note that most of these calls will be realtors trying to get you to list with them. I ask "do you have a buyer that wants to buy my house right now?" That usually stops the BS
Jess |
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Workfortoday
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It varies with market conditions. In some markets that are tough, like now, I've seen them as high as 7 or 8 %
In some markets that are easy like about 1 year ago I have seen them as low as 4 or 5%
Right now the average is 6%
I suggest you go to the site below and download the free reports. Also click on PROPERTY RESEARCH and it will tell you if your house is underpriced or over priced based on actual facts and scientific appraisal data. |
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thinking-guru
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4-7% and it may be negotiable. |
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