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Real Estate
Reply to "Sellers - how do you choose a realtor? I feel overwhelmed"
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[quote=Anonymous][quote=Anonymous]1. Interview several. [b]2. Do not pay 6%! At most 2 to selling and 2.5 to buyers or worst 2.5 and 2.5.[/b] 3. Ask them to provide a history of their last years sales. Then go look at those listing in the sold tab on Zillow or Redfin. I was stupid and believed our neighbor realtor when she said she sold over list and within days. The history showed that she had delisted and relisted at a much lower price. Previous history with her was multiple price drops and going stale. 4. Get a clear definition of staging. Oh, well stage it may mean we’ll bill you to have our friends do staging and you’ll pay to rent new furniture and store yours or could mean they’ll give you advice or it could mean they’ll stage with what you have at no extra cost. 5. Research everything beforehand. Know the comps in your area. A common practice is for realtors to tell potential clients that they’ll get much more than the comps. A realtors job is to sell themselves to get your listing, and sell the property as fast as possible. How much doesn’t matter to them. [/quote] The vast majority, not all but the majority of SFH listings are paying the buyer's agent 2.5% - it's not exactly the chupacabra that some people like to pretend it is. Maybe it's a way to try to convince others of their financial smarts by bragging that they "negotiated the rate down" when in reality it's pretty much the standard, going rate of compensation. 2.5% for me, and 2.5% for you! Once in a while you'll see a 3% but it's not common anymore and hasn't been for a long time. [/quote]
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