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Average Real Estate Commission California All Locations : Nationwide Real Estate Advice

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Showing results for Average Real Estate Commission California [Clear search]
Mon Feb 4, 2013
Walter 'Skip' Kersten answered:
The main problem is going to be costs. It will cost you approximately 6-8% to sell your home. Although there has been some price appreciation the last 6 months, it may not be enough to cover your costs.
Good luck,
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0 votes 15 answers Share Flag
Tue Feb 12, 2013
Tim Moore answered:
I will not defend that!! No way will I. Your agent works for you and they will be compensated with the commission the seller offers. If your agent does not like it, then find another agent.

I would never ask you to sign that ridiculous document that LOCKS you to that agent (it actually locks you to the company she works for and not her but I bet she won't tell you that) but many agent love you to sign it because they can sit back a relax and then not worry you will find another agent to work with. Don't sign it!! If she requires it - SAY BYE-BYE. There are loads of agent that will work hard for you and do not need a buyers agreement that says what that one does - that's ridiculous.

One thing you are wrong about is the stupid assumption you make about how much we work per hour. I can guarantee you have no idea how many times we haul around buyers for days - weeks - years and that never buy. It's a lot! Your deal and commission help offset all that wasted time and many wasted calls and hours of research. This part you are clueless about.
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0 votes 42 answers Share Flag
Mon Dec 30, 2013
Michael Byrd answered:
Of course. It's a free country which means you're free to spend your money pretty much however you wish. Whether it would be in your best interest to make such a huge investment of money and debt without expert assistance would be another question. After 25 years in this business, having trained scores of agents and specializing exclusively in serving home buyers, I would not represent myself in a home purchase. I would hire an agent just like I did the last time we bought.

You would also be well-advised to define what you mean by "foreclosure." If you're talking about buying at the trustee sale you'd better do some very serious research about the many potential disasters you will need to avoid. Some folks do this successfully but many of them do this as a business and are very well versed in protecting themselves. If you're talking about buying it after the lender has taken it back, it will generally be listed for sale and you may have a broker representing your interests without costing you any additional money.
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0 votes 11 answers Share Flag
Thu Nov 21, 2013
Laura McCarthy answered:
My immediate response is yes but it depends on a variety of factors. Are the bones on the home good? A remodel will cost less per square foot than new construction. Your taxes will be reassed at a lower rate vs. the 1.25% property tax you'll incur on a new purchase.Plus the cost for a pool/landscaping.

A property with a view is highly prized. I just listed and sold 12799 Dianne Drive with stunning views, no freeway noise for $2,740,000 in less time than is the norm for the hills.

Let me know if I can be of further assistance.
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0 votes 14 answers Share Flag
Thu Nov 29, 2012
Steve Mohseni answered:

Broker's compensation/commission is a negotiable item and there is not fixed rate schedule to share with you on a public forum such as Trulia. Commission can vary based on number of factors such as condition of the property, list price, market condition,...... Give me a call; I would be happy to get more specific with you once I have more specific information from you about your property and hopefully be able to earn your business.

Best wishes,
Steve Mohseni
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0 votes 11 answers Share Flag
Wed Oct 31, 2012
Thomas Feng answered:
You can.

However, would you want to be represented by an agent that is trying to get the highest price for their client, the seller?

A possible reason that the 2 agents gave you above final sales price estimates is because.... they are estimates. If you were an actual bidder on either of those 2 homes you would find yourself in a bidding war. In a bidding war prices jump up in small increments through counteroffers so it is a very controllable environment and if you want to jump ship you leave, easy as that.

Yes, agents are focused on closing a deal, this should be quite obvious because if they don't close the deal they are wasting their time since you, the buyer will not be paying them.

What do you mean you are interested in getting a good deal? Are we talking about non populated areas of the California bay area? Everything right now IS a good deal if you include the current interest rate and the current rebounding economy. A rebounding economy means home prices will go up, we've seen this in the market as we have already hit the pricing bottom. The real estate market works based on comparables so if you don't buy now, in 3 months time the price will be higher. The only counter argument to this is if you don't believe the economy is getting better, that home prices will drop down again, and that the interest rate will get even lower.

If you have any further questions give me a call at (408) 840-3852 or
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0 votes 29 answers Share Flag
Wed Oct 17, 2012
Aaron Castagna answered:
That depends on the condition of the property. If it's completely remodeled and shows well it could sell for close to $450,000. If it's in need of a full renovation it could be closer to $350,000. The best way to get a realistic value based on the current condition is to have an agent who knows the neighborhood walk through it. If I can help any further please don't hesitate to ask.

Aaron Castagna
Realtor®, ePRO, SFR, CHS
(760) 310-9625 Phone
(858) 433-2978 e-Fax
DRE License #01458327
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0 votes 11 answers Share Flag
Tue Apr 15, 2014
Craig Chastain answered:
Be aggressive and remain patient.
0 votes 35 answers Share Flag
Tue Oct 16, 2012
Maria Gilda Racelis answered:
Commission is always negotiable. There is no set rule as to how much the broker can charge. However, there is always a norm or average commission charged per state and transaction.
0 votes 6 answers Share Flag
Thu Apr 24, 2014
Sinead McAllister answered:
Commissions are always negotiable.

Sinead McAllister
McAllister Homes Real Estate
0 votes 19 answers Share Flag
Tue Oct 23, 2012
Bernard Gibbons answered:
Yes, it varies a lot and there are a lot of overheads. There are 100% splits (less fees) and there are 50% splits. I think you should interview with at least 4 companies, all of different types. A RE/MA, K-W, small local, etc. and see what they offer.

Unless you are pretty good, don't expect to gross more than $50K in year 1.

Now if you are really good, the sky is the limit. Millions of dollars in income can be made if you acn survive and thrive for 5-10 years.
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0 votes 14 answers Share Flag
Tue Oct 2, 2012
Marge Bennett answered:
Ykes! What a mess. No wonder you are upset. Did you have a home inspection? Was any of this addressed?
think this is too complicated for us to answer on this forum. You need to see an attorney who specializes in this type of real estate law.. ... more
0 votes 26 answers Share Flag
Sat Dec 1, 2012
Sue Vaterlaus answered:
First thing that you should do is to talk to a mortgage broker or a mortgage banker. They will give you the maximum you qualify for in a purchase. Then you need to decide what you are comfortable paying and thatwill help you and your agent to see the best properties for you. Credit score is only one factor in purchasing a home. Good Luck to you and make sure you use a local agent. ... more
0 votes 12 answers Share Flag
Fri Sep 14, 2012
Staci Bell answered:
Hello Seller,

Brokerage fees are negotiable. Going with the lowest fee is not always to your advantage. Make sure to discuss what your Realtor will do for the agreed upon fees.
Staci Bell
Coldwell Banker Morgan Hill
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0 votes 9 answers Share Flag
Wed Sep 5, 2012
Dallas Texas answered:
FYI - all Realtors are paid by the property owner whether location is :

Covers listing agent , buyers agent, tenant agent, or apartment locator

Lynn911 Dallas Realtor & Consultant, Credit Repair Advisor
Multimillion Dollar Sales Producer

Follow me on Facebook
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0 votes 27 answers Share Flag
Thu Nov 8, 2012
Michael Cheng answered:
It's impossible to know unless you provide your condo's address. And, this question should be directed to an escrow company.
0 votes 12 answers Share Flag
Tue Aug 28, 2012
Christopher Lefebvre answered:
The true value of a property is the highest amount that all willing and able buyers are willing to pay for a property after it has been advertised properly on the open market. I don't know your area, but one question is what have similar homes sold for in your area? My advice is for you to contact 2 to 3 local agents and ask for price opinions. ... more
0 votes 14 answers Share Flag
Mon Apr 8, 2013
Tina Lam answered:
Yes, if you want to have a Realtor assist you in the purchasing process, you do need to bring her along on the first visit. Otherwise, the builder will require you to either handle everything on your own or pay for a Realtor separately out of your pocket. For the builder, they have their own professional representatives to handle their interests.

If you can afford new, then you should be confident in getting a Pulte home. They build quality products. And, the location is pretty decent.
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0 votes 9 answers Share Flag
Sat Nov 2, 2013
Roland Vinyard answered:
I probably would - after letting them know that they will not be able to do an end run and buy the property with someone else. It's important to protect yourself that way. And easier to say than to do. But first, I would try to reason with them: tell them that a kickback is illegal and you cannot jeopardize your livelihood over that; tell them that if they liked the price enough to want to look, and if it's not worth it to them, then either offer less or forget about it;mention that they should state the rules before they play, not in the middle of the game. In no way would I give them a cent; it's not worth it if you are in the game for the long run. ... more
0 votes 28 answers Share Flag
Sat Oct 27, 2012
Johnny Huang, MBA answered:
Not sure what you are looking for...selling all those homes require a TEAM...basically admin, escrow, closing teams therefore that agent is paying out salaries to that TEAM. His net revenue may be pretty good with that volume, but he can't do it all. ... more
0 votes 7 answers Share Flag
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