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Home Selling in 45373 : Real Estate Advice

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  • Home Buying5
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Activity 3
Wed Feb 17, 2016
Diane Christner answered:
No, you cannot post a FSBO directly on this site, try Zillow instead.
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Wed May 8, 2013
Camilla54 answered:
What is 96 mooring buoy Hilton head island sc worth
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Tue Mar 20, 2012
Kim Yardlay answered:
Take a look at your listing agreement. Verbal Agreements mean nothing in real estate and if your listing agreement says 6%, I'm afraid that is what is binding. This can can be specified on more than one document so review them all carefully. You should have been provided a copy of these documents after you originally signed your listing agreement.

I would recommend that if you contract does indeed say 5% or even if it does say 6% that you have a conversation to the managing broker. Unfortunately, its very comment for agents to "cut commission" in order to gain listings but provide less than stellar service. In reality, most homes are not sold by the listing agent, but rather by another agent, therefore this agent was banking on the fact that she wouldn't sell this house and wouldn't lose anything by gaining your listings at a "reduced commission". She would win either way. If she sold it her herself, she gets full commission at 5%, if she didn't she still gets her 3% and you have to come up with the additional 1% for the buyers agent-- that is really where that money is going. Not to her.

I wouldn't focus on the fact that she personally didn't show the property in those 12 days that your home was on the market. The majority of the work for the Realtor is the paperwork and the marketing of the property to help get it sold. In 12 days she likely didn't have much of a chance to show it. Now if it had been 180 days on the market and she had never showed the property in that time, you would absolutely have a complaint there, but also, in that time, she would have likely use resources to help market the property (internet outlets, paper marketing, postcards, etc.) that she is hoping that by the sale of your home she will be reimbursed for from your commission.

Congratulations on the offer on your property and I hope the remainder of your sale goes smoothly.
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