Home Buying in 20782>Question Details

westpark6712, Home Seller in Hyattsville, MD

How much above price needed for agent's commission?

Asked by westpark6712, Hyattsville, MD Sun Apr 21, 2013

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Answers

4
west,
If you are a home buyer, as your question category suggests, the traditional real estate business model will have the seller paying the professional compenstation of both the agent for the buyer and the seller. There are situations where that DOES NOT APPLY. You do not provide sufficeint ifnormation to make such a determinination.
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If you are selling this a great question that many homeonwer struggle with.
The reality is, it wil not matter because this logic is fatally flawed.
This approach will result in NO SALE!
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The question suggests you are going to complete a market analysis to determine the market value of your home as it compares to other homes in the community and simailar homes that are currently for sale.
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On top of this value you will add the professional fees involved...But that's not all...
Next you will pad some negotation room onto the price. If only that were the end of it.....
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Then comes a little extra so you can pretend to lowerd the price in a vew weeks.
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Statistics in the MLS have repeatedly shown homes intially placed on the MLS are priced 30% above the price they will sell for. These homes are ignored by home buyers. When they age sufficiently, investors will percieve the frustration of the owner and will hang paper on the house. Of course, the homeonwer will want to blame the professional they hired for not selling their home. The reality is, real estate professional serve at the direction of those who hired them.
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I would imagine MD is having a strong real estate market at this time.
Have a chat with your real estate professional and discuss your goals.
Do you want to SELL your house?
Do you want to have your house 'for Sale?"
You need to stay focued on the outcome you want. The professional you hire will provide the guidlines to make your goals a reality. But you simly can not defy what the numbers are revealing is the reality of your real estate market.

Best of success to you,
Annette Lawrence, Broker/Associate
Remax Realtec Group
Palm Harbor, FL
727.420. 4041
http://RealEstateMadeEZ.us
0 votes Thank Flag Link Sun Apr 21, 2013
$767 for this unit. if you are in the market and looking for a home feel free to call me or visit my site to get most update information and find out about condo fees.
0 votes Thank Flag Link Sun Apr 21, 2013
Typically, the commission is agreed upon at sale price.
0 votes Thank Flag Link Sun Apr 21, 2013
If you are buying a home, You need to think about any assistance you need from the Sellers as far as closing costs are concerned. Generally the Sellers pay the commissions to the Buyers Agent Brokerage. Closing costs are generally split equally however that is not a rule of thumb, they can always be negotiated on.
0 votes Thank Flag Link Sun Apr 21, 2013
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