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| i herrd that leonardo de caprio bought an island for 1.2 millon and i was wondring is it tru becaue i have about 2 million saved and i would love to buy an island where can i get the info?... |
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 Can my landlord require me to do this? |
| My lease ends at the end of this month, and my landlord is sending me 'requirements' to move out. One of them is show her proof of final payment for utilities (in my name). I don't ... |
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| My tenant has left her old mother alone at my house 2 days before the end of the lease saying that her mother would leave on the last day and return the house, But the mother refused to leave and ... |
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 Lease ends 6th of October. Should landlord have to prorate me if I want out by 6th? |
| I live in Washington state. I am on a 6 month lease and was wondering if I have to pay in full for my last months rent. I want to give them 30 days notice by the 6th of September. Are they required ... |
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 Can my landlord sue me when there was no verbal or contractual agreement of rent? |
| I recently rented the lower level of a home. The place turned out to have more problems and issues than I cared to deal with. I never agreed to a specific amount of time that I would stay or what ... |
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| I rent a house. There is a pine tree that has been dying since before I moved in on the property. Two weeks ago we had a winter storm - freezing rain, below zero temps, wind gusts 30-40 mph. Well, ... |
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 Can I make it with a room mate? |
| Ok so I want to move out when I turn 19 and when I go on to this school I'm transferring to. The apartments around there are probably around $300 - $400 and I want to know if I can make it with ... |
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 Know any mortgage companies that will do 100% financing with fico scores of 561 and 624 respectively? |
| my hubby and i make around 95,000 a year and we only have a car payment and a payment on land that we bought last year. we are working hard to pay off all our debts, we sold our last house a year ago ... |
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 Can a builder require you to apply for a mortgage with a specific lender? |
My wife and I are buying our first home. We are already pre-qualified for a loan through a broker. We found a house in a new development that we decided we wanted to buy.
I know in C... |
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 When does a house become a home? |
| I moved a month ago to a one bedroom apartment. Ive always lived with either my parents or my husband or my children. I just cant seem to feel at home in this new place. What are some things i could ... |
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| I have heard that some associations can forclose on your home over fees not paid. But I don't believe that is in NY.... |
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 My Landlord refuses to allow me to have a cat. He was extremely aggressive towards me and claims they're dirty |
What can I do?
I called him and his reasons for his instant refusal were that cats are "dirty, flea-ridden animals" and he hung up on me.
When I called him again, I stated that I ... |
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 How do I get a mobile/manufactured home put only in my name.? |
My auntie is "helping" me take possession of a mobile home I inherited from my uncle (her brother).
She said it had to be put in her name as well as my name to avoid an ... |
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 Can I get evicted while husband is in boot camp!? |
| My husband is in US Navy boot camp.. He's been there a month and we still have not recieved his first paycheck. (pay day= 1st & 15th)The recruiters said AFTER he left that I probably won... |
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 Please don't make judgments, just advice.....good advice...use-able advice! PLEASE? |
| Ok, I got an apartment..things were great..bad luck set in. I needed to move back closer to family. I talked to the lease agent & she made me give a 60 day notice & I had to pay rent for the ... |
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 My wife and I are looking to buy our first house. Our credit isn't the best. What can we expect? |
| My creduit score is 590, hers 620. We have a little less than $8k in savings. What kind of loans could we qualify for? Will we be looking at high interest rates. Should we continue to work on our ... |
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 Do good replacement windows really help sell your house? |
| My windows need to be replaced. Will home buyers really care if I replaced them with Anderson as opposed to some other company?... |
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Katie T | Is 5% too high to pay a real estate agent? |
I live in Pleasanton CA, and have recently been informed by a friend that my agent is robbing us, by charging 5%. Is this true? What is a good percentage? And does anyone have any tips on negociating a beter rate with this Realtor, or should I seek another one?
Thanks!! |
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pob14
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Sounds low to me also, based on Illinois rates. |
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mazziatplay
 |
The average is 6%, you're doing fine. Out of that commission the Realtor pays for all of the advertising, and other promotional items to sell your home. Then they have to pay a percentage to their broker and, if another agent brings the buyer, a percentage to them as well.
A good Realtor is worth their weight in gold.
Your friend is misinformed. |
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newmexicorealestateforms
 |
The other answerers are pretty much on the money. Right now the real estate industry is also studying the commission model and many brokers are going to flat per hour rates which although might be less than a standard percentage overall will allow the brokers to recover for time that they spend on projects and never get compensated for. |
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Dwayne F
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5% for CA is good, I know here in NY it is 6%-8% |
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MIND THE GAP
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You need smarter friends. 5 percent is TOO LOW a commission to get your home sold. Most commissions are 6 percent.
If you were a real estate agent and a buyer asked for a list of 3 bedroom 2 bath homes in Pleasanton and out came 21 homes from the MLS computer and 20 paid a 6 percent commission and1 (yours) paid a 5 percent commission, which homes will the agent show to their buyers. You guessed it. Everyone EXCEPT yours. |
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godged
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A good percentage is 6%, so you are doing just fine.
As the other posters said, you could find an agent cheaper, but the less you are willing to pay, the fewer services you can expect. |
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Super Agent J
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Ok. I am also a Realtor, but in Texas. All commisions are negotiable. But trust me, your friend might not know what all process is involved. If you provide a buyer and you are the seller, you could make a different kind of negotiation. What commpany is he or she in? |
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coldrain
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5% seems to be the standard fee for real state agents. Remember, your agent also needs to pay buyer's agent a commission and this commission is usually around 3%. So, your agent can only keep 2% (minus all the expenses). 5% is not a lot, unless he is keep 5% for himself, and charge you 7%-8%. Then, that's too much! Some agents claim that they only charge 1% which means he will charge you 4%: 3% for the buyer's agent and 1% for himself.
You want to sell your house as quickly as possible. So, go for the best, not the cheapest. You will save more money this way. |
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hottotrot1_usa
 |
First, I'll assume that you are selling a house. 5 percent seems reasonable to me, since here in GA most agents ask for 6 or 7 percent.
Why don't you ask other people in your town who have recently sold or are currently selling property? |
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acermill
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Your friend has a few screws loose. Apparently he/she has no idea of the costs and work involved in successfully obtaining a buyer for a property. Five percent is considered minimal in my state (Wisconsin), with the more difficult properties taking 6% and 7%.
If you successfully negotiate a lower rate, expect the services you receive for that lower rate to become less. There's no free cup of coffee in this business. |
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R.E. Advice
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If the total commission is 5%, (after compensation to an applicable buyer's agent), then it sounds fine. If your agent is still offering great advertisement exposure (i.e. good web presence, flyers, virtual tours, and print ads, then you're getting a good deal). I don't know how an informed person said you were being robbed, because the agent will likely "clear" only about 1.5% after paying a buyer's agency, advertising fees, and his/her own brokerage.
....Plus your agent will be "out" all those expenses of time & money should you fire him/her or the home does not sell during the listing period. In this market, real estate sales is a risky business.....Your average agent works with no benefit package and makes enough money to pay the bills after the HUGE overhead we incur. They're not all driving Bentleys and owning Yachts contrary to popular belief.
You'll always find an agent who will represent you for less, but be careful, it's hard to get top notch service at bargain-basement prices. |
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