Commissions, by Federal Laws are negotiable and there are not "set, common or standard" fees we can quote without breaking this law. What I can tell you is that each agent sets what they value their work for and some are better than others. Paying a high fee however isn't a guarantee of great work and paying a lower fee is no guarantee of a true savings.
Interview several local agents and find out what they charge and what they do for their fee.... more
The way I describe this town is "Mayberry". I may be dating myself because, quite honestly, with all of the young families moving to town I am not quite sure if they are familiar with the reference. Glen Ellyn is a small town in DuPage County rich in history and tradition. I feel it is a nice socio-economic mix. We have a thriving downtown, College of DuPage, fabulous schools, park district, public library and the Metra train system that gets you to Chicago in 40 minutes!! There are "snobs" everywhere but you don't have hang with them! Let me be the first non-snob Glen Ellyn resident to welcome you to Glen Ellyn!!... more
You will want to call around until you can find someone that knows the subdivision and selling mobile homes and is able to handle it for you and then ask them. Commissions are generally not discussed in open forums like this due to Antitrust Laws.... more
In my area of TN, 6% is usual but the house prices can be a lot lower than other areas of the country. I agree that the lower the commission you seek and agree to, the lower the service will be. Don't forget that usually, any marketing a listing agent does on your property is paid by the agent so they are making a huge investment in selling your home and if the house doesn't sell for whatever reason, the agent loses not just all their marketing dollars but do not earn a commission.
In saying all of this, you can negotiate the commission rate with your Realtor.... more
Where in PA? In many parts of my area for example we have lower end houses. I sold a house last year for $4000 for a single home! Most brokerages have a flat fee for houses less than $x and so may charge that flat fee if the house sells for between 0 - $30,000 for example. Above that price range (whatever the broker sets) it'll be a percentage.
That could be what is happening with your mother's home.... more
Most of the new construction in the area of Lombard/Glen Ellyn/Wheaton area over the last 12 months have SOLD for anywhere between $150-$160/SF. There have been a select few (some new Wheaton townhomes) that have actually sold for $300/SF, believe it or not...A lot of it depends on the finishes, location and lot size, but that number of $150-$160/SF is pretty accurate. Knowing that the builder counts on around 8-10% profit, this brings the price per square foot range around $130-$145/SF for building.. If you need a few recommendations for builders, don't hesitate to call.... more
As an agent you submit your commission agreement and typically it is a dollar amount per square foot. So if the space for lease to Tenant is $5.00 psf typically commission is $1-$3 per lease term/extention renewals are different and must be negotiated as well in the LOI.
The Leasing Broker and you as the co-broker (you are bringing the Tenant) must sign this agreement or include it in the LOI. It also depends if it is commercial or retail space, there is a difference.
Typically commission is paid 50% at lease execution and 50% at Tenant move-in.... more
If your feeling as if your not being communicated with on a weekly or bimonthly basis than your not being kept up to date on what your market place is doing. To ask this question you are probably feeling neglected as a seller. Your agent should be sending updates weekly on on virtual activity via email or a phone call. Depending on where your home is priced, yes luxury homes are taking longer but in this market, no showings mean the home is not priced attractively yet. Your agent should be willing to sit down with you and go over market trends, absorbtion rates, list & sales ratio, etc, at least every couple of months. If your agent is not doing most of the things I suggested, maybe it's time to move on sooner than later.... more