If you are feeling uneasy about trusting someone, you should not do business with them and vice-versa... I do not particularly enjoy working for people who do not trust me, and I go through great lengths to communicate with clients and explain the reason for how I structure deals... if they are still not convinced, I walk away because the potential for problems later on are bad feelings is too strong.
Best of luck and feel free to contact me if you need any help.
At $15k the commission is more than 7%.
Not to slam another agent, but that seems very high!!!
Bottom line a "fair" commission is what seller is willing to pay and agent willing to accept.
Best of luck to you
Contact a local realtor.
I agree with those who believe the commission is fair; however, I'm getting the feeling you really do not have a solid exit plan to reduce your financial exposure.
For example, while Federal debt forgiveness for a PRINCIPAL residence has been extended out to January 1st of 2014 by The American Tax Payer Relief Act of 2012 (typically forgiven debt is taxable event under IRS code). As of the date of this post California has NOT passed a similar extension; however, AB42 (Perea) and SB30 (Calderon) have been introduced to extend CA debt relief.
Personally, I would recommend you speak with a CA CPA to investigate a plan to reduce your exposure.
It seems that you got a lot of different answers to your question. Why don't you call the escrow company and get a detailed list of your closing expenses. They would do that for you. Then you would know exactly where this money is going.
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Muriel Levin, Broker - Realtor
HAFA certified,Certified Negotiator, Short Sale and Foreclosure Resources Specialist. Residence, income properties and commercial leases.
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