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Home Selling in Bensonhurst : Real Estate Advice

  • All83
  • Local Info4
  • Home Buying10
  • Home Selling5
  • Market Conditions5

Activity 5
Sun Jan 5, 2014
Rhonda Holt answered:
Hello, it is usually the rule for the seller to pay the agent the buyer is working with unless you specify it in your advertising and to buyers you communicate with. But it's usually better to have an agent represent a buyer because they act as the middle man for doing negotiations on price and repairs, helping the buyer go through the mortgage process and keeping them patient and to keep you up to date on the buyer. Also the agent acts as the manager to make sure everyone in the deal is doing their job and to come up with solutions to any problems that can jeopardize the deal. Also the agent will manage dealings with the bank, inspectors, appraisers, and attorneys and more.

So it's smart to have an agent to manage things on your behalf or on the buyer's behalf to keep things moving since there are so many people involved in a deal that can stop you from getting to the closing table. Paying 3% or more is not much to pay if your home is going to sell.

If I can help you with any other questions feel free to contact me.
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0 votes 16 answers Share Flag
Fri Jun 15, 2012
Michael Napolitano & The Napolitano Team answered:
Here are a few good reasons why I should list your property and get it sold

1) Not only do I service that area, I could show you all my recent sales and company sales that prove my ability to get you top dollar, not to mention i live right there.
2) Our Company has over a 30% market share in 11214 according to Brooklyn,NY MLS and the number one firm in closed transaction/sides in Brooklyn.
3) Over 12 years of service to the industry.

I could provide more references

Michael Napolitano

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3 votes 9 answers Share Flag
Tue Apr 24, 2012
Irina Karan answered:
Finding out about local commissions is important.
I show my sellers how much is paid in the area. It runs from standard 6% on regular properties, goes higher to 7% for least expensive properties (45K and below), 10% for land and 8 to 10% on commercial properties. Properties that don't sell usually are those that pay less in commissions.

But, why are we not talking about what will be done to earn those commissions? I mean, the other part is easy: lower commissions = lower exposure & less marketing budget for the property.

The main point is that you got to get your top dollar for your property - with a good marketer-agent you'll get that accomplished, your bottom line will be much better off, even with the standard commission - because with more exposure you'll get more traffic, and more buyers will be competing for your property.

Have agents propose their marketing for you, hire the one that impresses you most - and you'll be happy you paid full commission - because you'll make the most money with the best agent who truly earns her commission! You can even pay a bonus if the agent (usually selling agent, not the listing agent) brings the buyer at certain high price - at the very least this attracts agents' attention.

Hope this helps,

Irina Karan
Beachfront Realty, Inc.
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0 votes 9 answers Share Flag
Sat Mar 3, 2012
Frank Pennacchi answered:
I have been listing homes in Bensonhurst for over 24 years and I never, repeat never had a Buyer tell me they saw my listing on a REBNY web site or from back in the day, a local ad from a REBNY agent. I find it hard to beleive someone from the neighborhood feels more comfortable with someone from the outside. I was born, raised and breed on 18th Ave and 70th St and even when I moved to NJ with my family I looked for, and found a RE/MAX agent that came from Brooklyn. I just have more of a trust when I'm working with someone who went to the same different school as me. If you're from Bensonhurst you know what I mean, I travel every day from NJ to my Brooklyn office so If you need an ear call me.
Good Luck.
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0 votes 5 answers Share Flag
Wed Feb 22, 2012
Anna M Brocco answered:
You are free to choose and work with whoever you like best...
0 votes 9 answers Share Flag
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