This can get complicated because of the relo agreement so make sure you understand the deal.
Personally I would not do what your asking from a agent. I would rather you sell it to your buyer and if your buyer does not perform, list the property and try to sell it.
First Weber Group
Certified Distressed Property Expert
I do not discount my commissions but this seems logical enough and if the opportunity presented itself I believe it is something I would do.
Unwavering Commitment to Service
Everything is negotiable. Since the relo company is paying the commission you may be able to find a realtor who is willing to cover those charges as part of the costs. What you describe does not sound particularily expensive but every realtor has their own idea of what they are willing do do or not do. However, you should read the fine print in your relo package to make sure that you are allowed to pickyour own realtor, and that the realtor is allowed to include those items in his/her commission.
I do a lot of relo deals. The relo companies pay full freight on commission in my market, because the relo company gets a big referral fee out of the listing side. What you were referring to was an exclusion to the listing agreement to keep one specific named buyer from the listing contract. So if that buyer had a signed contract in the first 2-4 weeks, the listing office gets nothing. Relo Co doesn't want agents new to handling the paperwork and managing the files. Talk to your relo coordinator.
Anyway, we did get it to market and it sold quickly. Perhaps we got as much as we would have received in the early summer -- we'll never know. Ultimately it's our fault for being naive.
Many times the relocation company has their own real estate agents so it is important to find out just what your relocation contract provides for the sale of your home. Also with a new buyer on hand, many want to select their own colors and decor after they move in, if in fact you have the buyer, then the buyer can purchase the property as is unless there is no paint on the walls and would be good to engage the buyer by letting them select the colors after a purchase contract has been accepted, escrow opened, and all contingencies removed. When hiring a seasoned agent, like myself, or many of the other agents that have responded to this questions, all of these little concerns will be put to rest. Commissions are negotiable and sometimes agent will participate in the preparedness of a new listing. Does not seem necessary in that you have the buyer. Good Luck to you in the sale of your home.
Denise A Laugesen
#! Producing Agent
Direct Line: 650-403-6225
I agree with Marcy, everything is negotiable with the agent. The biggest part of the seller's cost in selling a property are the commissions to be paid for both listing and selling agent but since the relocation company is paying for commission then you get big savings in selling your property.
With the amount of improvements that you have mention, it looks to me that this very immaterial. Everything is negotiable most especially with this market with so many competitions. I will advise you to interview some agents and see where you can save and most especially who can offer you the greatest saving.
You should also check with the relocation company if you can choose your Realtor and how much commission will the relo company willing to pay. Because more or less you an tell if the commission is good enough that Realtor can and will be more than willing contribute on the improvement of your house in order to sell asap.
If you need more information or have any questions, please call and i hope i can be of any help.
Realty World Avant Properties
In most cases, the answer is no. Agents will not pay "out of pocket" for the charges associated with selling or buying a home, which, in many cases, can be considerable.
However, I'm happy to say that our company has just the solution you're looking for--we call it the "Quiet Transaction"--meaning that a buyer and seller have found one another without marketing the home.
If you have a home to sell, and have a buyer, then we will coordinate all of the work for the seller for a low commission of one percent of the sales price of the home or $6000, whichever is higher. This covers the seller, and if the buyer would agree to be represented by another agent in our company, then the total transaction charge for the representation of the seller and the buyer is 2 percent (1 percent for the agent representing the seller and 1 percent for the agent representing the buyer). While we will not pay for any costs associated with selling the home (such as title fees, escrow charges, notary, transfer taxes, etc), the SAVINGS in commissions (which range from 3-4 percent or $21,000 to $28,000 for a home worth $700,000) will more than cover any out-of-pocket costs you may incur in selling your home.
Let me know if you are interested or need more information.
Grace Morioka, SRES
Area Pro Realty
Tel (408) 426-1616