Anonymous wrote:Anonymous wrote:Anonymous wrote:As a Vienna realtor who deals with these types of transactions - the best advice is just reach out to builders directly. A lot of them have someone that works for them as a licensed real estate agent and will save you that 3-2.5% commission which would be so useless for something like this
NO. You save the commission by using a flat fee or discount agent. You need the MLS to maximize competition.
What competition in this market? We reached out to builders 2 months ago on our N Arlington teardown on a large lot (for Arlington). No weird issues with the lot or anything - just a normal, large flat lot. No one was interested. Talked to agents who said it wouldn’t do well on the open market because it needs a lot of $$ and buyers at this price point aren’t buying right now.
In this market I’d focus on GETTING an offer vs maximizing competition. Sound similar, but very different strategies.
Anonymous wrote:Anonymous wrote:As a Vienna realtor who deals with these types of transactions - the best advice is just reach out to builders directly. A lot of them have someone that works for them as a licensed real estate agent and will save you that 3-2.5% commission which would be so useless for something like this
Yep. This is the way.
Anonymous wrote:Anonymous wrote:As a Vienna realtor who deals with these types of transactions - the best advice is just reach out to builders directly. A lot of them have someone that works for them as a licensed real estate agent and will save you that 3-2.5% commission which would be so useless for something like this
NO. You save the commission by using a flat fee or discount agent. You need the MLS to maximize competition.
Anonymous wrote:As a Vienna realtor who deals with these types of transactions - the best advice is just reach out to builders directly. A lot of them have someone that works for them as a licensed real estate agent and will save you that 3-2.5% commission which would be so useless for something like this
Anonymous wrote:Anonymous wrote:Anonymous wrote:As a Vienna realtor who deals with these types of transactions - the best advice is just reach out to builders directly. A lot of them have someone that works for them as a licensed real estate agent and will save you that 3-2.5% commission which would be so useless for something like this
3-2.5% commissionSpoken like a true realtor.
Don't pay that. Especially not now in today's real estate world. Seller is not responsible for buyer's agent fee anyways.
Either you can take their advice and see what offers you get from builders, or, list it on the market as someone else posted and see what competition brings. Normally, open competition will result in the best offer.
That's what listing agents are typically paid right now - 2.5% or 3%. And goes to show how much you know - the seller pays both listing agent and buyers agent commissions.
Anonymous wrote:A builder is going to offer you you way less in a direct sale than you would get competing on the open market with buyers who are willing to renovate it.
Anonymous wrote:Anonymous wrote:As a Vienna realtor who deals with these types of transactions - the best advice is just reach out to builders directly. A lot of them have someone that works for them as a licensed real estate agent and will save you that 3-2.5% commission which would be so useless for something like this
3-2.5% commissionSpoken like a true realtor.
Don't pay that. Especially not now in today's real estate world. Seller is not responsible for buyer's agent fee anyways.
Either you can take their advice and see what offers you get from builders, or, list it on the market as someone else posted and see what competition brings. Normally, open competition will result in the best offer.
Anonymous wrote:As a Vienna realtor who deals with these types of transactions - the best advice is just reach out to builders directly. A lot of them have someone that works for them as a licensed real estate agent and will save you that 3-2.5% commission which would be so useless for something like this
Anonymous wrote:As a Vienna realtor who deals with these types of transactions - the best advice is just reach out to builders directly. A lot of them have someone that works for them as a licensed real estate agent and will save you that 3-2.5% commission which would be so useless for something like this