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Home Selling in 60091 : Real Estate Advice

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Activity 2
Mon Apr 15, 2013
Dan Tabit answered:
Wilmettegal,
There are no typical amounts. The agent can request an amount which you can agree to or negotiate. Who pays is between you, the agent and the buyer. Generally, I like to get this issue resolved up front as soon as possible. The commission can be paid by either or both parties and who finds the home first really isn't a factor.
Here are some options. You can pay the agreed commission and just consider it a discount. You can increase your price by the agreed upon commission amount in order to pay it. The buyer can pay all or a portion and you pay a portion. Where an agent is involved, take advantage of their knowledge, resources and experience and realize there are lots of sellers out there hoping for a buyer. Be glad you have one.
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Wed Jun 25, 2014
Brett Dunne - DayBreak Group answered:
Dan:

My first question is IF you update for a cost of 70K, then how much would that increase the value of your home? 100K? 130K? The Return of Investment is key to any improvement. Also, timelines for the need to sell would need to be addressed.

So many other questions need addressing before you can make your final decision.

Remember dirt over time increases in value and homes depreciate. So if you have a bigger lot in a desirable area make sure to do all your due diligent.
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