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Real Estate
Reply to "Help me with the basics - hiring agent to sell our house and asking for discounted commission"
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[quote=Anonymous]At the bottom of the market in 2009, we used realtor to list our condo in Arlington. My wife did all the 'staging', everything b/c we used to watch a lot of H and G tv. The Realtor just listed the place. It was under contract in 1 day, with 7 offers. Remember, this was the 'bottom' of the market. With that said, we had been looking for a place to buy for upwards of 7 months, and using the same realtor to show us places. He never actually said 'I have a great place for you to see' because my wife and I were so proactive, and as soon as we'd see a listing on sawbuck(it had just come out), we'd be on him to show us the house that evening. He ventured to reston, vienna, d.c., arlington, falls church, and mclean, whenever we wanted him to. In the end, we found a house in mclean, and he was our buyers agent. As a courtesy, he discounted the selling commission to 1.5% by giving us the other 1.5% towards our closing, because he was getting a commission on the house we were buying as well. He did all this without us even asking him for a discount. Again, he got two listings at the bottom of the market, so I think he was hurting a bit financially. But regardless, what I'd do is ask your friends about an agent that they used that's honest, and see if you can manage a 2 for 1 deal or something like that. [/quote]
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