Hi everyone and thanks for your responses to my question. I certainly get the message that a tiered commission rate would not be a useful incentive.
I'd like to comment a bit on the majority of the responses. First, any commission based on a percentage of the sale is fundamentally incentivized by the house's selling price. Otherwise, all commissions would be fixed-fee, unrelated to the selling price. While not a broker, I don't see much of a difference in the amount of work or outlay needed to sell a $250K house compared to a $500K house. Second, payments tied to performance above a certain benchmark level are very common in business-to-business transactions. For example, you might pay supplier more for delivering ahead of schedule, either by a lump sum bonus, or a higher item price (which more resembles a tiered commission). I don't really see why real estate seems so different than other sales transactions.
Anyway, thanks again everyone, and enjoy the holidays!... more
I actually worked with a client recently who added a half bath to a home and even that smaller addition made a big difference in its attractiveness to buyers. Whether you should add a full or half bath depends on where it will go and how much space it will take from other areas of the home. If you are adding a second bath area on a level that does not include a bedroom, say a lower level family room, a half bath would probably be sufficient. If you are adding it on the same level as the bedrooms, then a full bath would be preferable if it does not compromise other living space too much. I'd be glad to take a look at your property to give you a more definite answer to your specific situation.... more
The best time to re-hab or winterize is in the late fall and winter....The best time to sell waterfront
in Ct. is Spring & Summer & early fall.
Florence Michaud Wm. Raves Real Estate 203-641-0633... more