Mark, I know that most of the respondents are from NY, but please consider the remarks from Gina in North Carolina (she is not trying to get your business, and neither am I; we are only here to help). I have friends everyday that "think" saving a few percentage points in commission is worth their time and effort trying to sell their home. While on paper, it all looks great. But, in reality, top dollar is not what you will expect to get. In my opinion, a discount broker is not good at marketing themselves, or negotiating terms for a seller, thus they discount their services. On the contrary, a great broker, is going to fight tooth and nail for every penny. You can laugh all you want at my beliefs, but as an owner of a real estate company and VP of Operations of one of the top producing Keller Williams teams, I have seen it all too clear.
Of course, if you hire a crappy agent...guess what you are going to get. AGAIN, I have not fight in this, I live in North Carolina and do not seek your business, but I KNOW what a great agent can offer you...and what a FSBO or Discount broker will bring to the table.... more
Please keep in mind that the broker and the agent that sells your home will split the commission. Therefore, it is NOT in your best interest to go LOW. It will hurt you as far as activity and selling your home within a couple of months. Of course, you DO NOT want to over-pay and that is understandable. I can advise you to go with a 2.5% percent and know that sales agents will in fact show your home. Under 2% will only hurt you,. And remember real estate is LOCAL, it doesn;t matter what other areas people have looked into. Stay within your marketplace and your outcome will be a positive one. Wishing you all the best. Elizabeth... more
Gail, the problem is that you are quoting the NY state transfer tax only, which is minimal compared to NYC transfer tax that is paid in addition. I think Terry and I both gave a very comprehensive answer that should cover everything, which yours did not seem to do.... more
Why not consider consider working with an agent of your own--he/she can keep you updated on market conditions, provide you with available listings and comps, schedule showings, etc.; call a few different local realty offices and interview a few agents, then choose the one you like best. You may also wish to consider narrowing down your area of choice a bit--keep in mind the two zip codes above, fall under two different MLS areas--for the Glendale area also check out www.mlsli.com for current available listings.... more
There are several steps towards bank approval for a loan. These days, the banks are asking buyers to thread a lot more needles before getting the go ahead. There's no guarantees but it sounds OK. Good luck with it. Didn't your agent give you reassurance?
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