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Home Selling in Glen Ellyn : Real Estate Advice

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  • Local Info4
  • Home Buying18
  • Home Selling4
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Activity 12
Mon May 2, 2016
Petersimpson15 answered:
whats the average sales commission percent brokers can charge in Santa FE New Mexico
0 votes 23 answers Share Flag
Sat May 17, 2014
Dan Tabit answered:
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.
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0 votes 4 answers Share Flag
Sat Oct 12, 2013
Dana Lindberg answered:
If it is costing you more to have a large house, then you just sell it out. Besides, you will never know if you can sell it more after a few years. Real estate is sometimes unpredictable.

Dana Lindberg
CFS Mortgage -
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0 votes 10 answers Share Flag
Thu Sep 12, 2013
Bob Brandt answered:
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
0 votes 2 answers Share Flag
Wed Sep 11, 2013
Mary Beth Lynch answered:
0 votes 3 answers Share Flag
Mon Mar 11, 2013
Kathy Mittelstadt answered:
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.
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0 votes 5 answers Share Flag
Wed Nov 30, 2011
you could contest the appraisal if it is wrong. In order to do that you must prove why it is wrong. They are required to give you a copy if you paid for it, review the comparable sales used and furnish the lender other comps that prove the value is higher. We run into these problems often, not long ago I had one contested and they furnished me comps that would have lowered the value. Most of the time I find the data in the appraisal to be correct, most large lenders like us have a quality control system in place that watches the validity of the reports.

As for the lender not making you a loan, did you ask for them to make the loan? Hope this is helpful, good luck.
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0 votes 3 answers Share Flag
Wed Nov 30, 2011
Erica Ramus, MRE answered:
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.
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0 votes 8 answers Share Flag
Thu Oct 28, 2010
Christina Moscinski answered:
Commissions in todays market range anywhere from 5-8% in our area Chicago's West Suburbs. The MLS shows more and more Realtor incentives and Listing Agents have to be competitive.

If I were to bring a Buyer and negotiate an amical deal and bring it to close I personally would ask the Seller for no less then 4.5% - 5%
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0 votes 18 answers Share Flag
Thu Oct 28, 2010
Christina Moscinski answered:
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.
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1 vote 2 answers Share Flag
Thu Oct 28, 2010
Josie Morrison answered:
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
0 votes 11 answers Share Flag
Thu May 1, 2008 answered:
If your home is priced correctly it can sell quickly this time of year. I sold a units in Raintree that took 65 days.
0 votes 2 answers Share Flag
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