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  1. #26
    Join Date
    Jan 2007
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    5,261
    Haven't sold a house in 11 years. Are people still paying 6%? If so, how has the internet not made that obsolete?

  2. #27
    Join Date
    Oct 2008
    Location
    Colorado
    Posts
    2,742
    Quote Originally Posted by huckbucket View Post
    Haven't sold a house in 11 years. Are people still paying 6%? If so, how has the internet not made that obsolete?
    No, instead the Internet has enabled Opendoor and Zillow to give you offers direct!! At lowball prices AND charging you 7+%!!!

    https://www.opendoor.com/w/pricing

    Do it the Internet way and get fleeced by techbros instead of greedy local brokers.


    But yeah itís heading that way vis a vis lower commissions.


    Sent from my iPhone using TGR Forums
    Quote Originally Posted by Benny Profane View Post
    Keystone is fucking lame. But, deadly.

  3. #28
    Join Date
    Mar 2008
    Location
    northern BC
    Posts
    18,033
    low commission RE has been around for a long time
    Lee Lau - xxx-er is the laziest Asian canuck I know

  4. #29
    Join Date
    Jan 2005
    Location
    Denver, CO
    Posts
    1,457
    Quote Originally Posted by BCMtnHound View Post
    Maybe an opportunity to approach your old agent and negotiate a rate for them to process the transaction? Might be a middle ground win for both.
    This seems like a reasonable course of action.

  5. #30
    Join Date
    Sep 2001
    Location
    The Cone of Uncertainty
    Posts
    47,024
    Yeah I'm gonna try to make some sort of middle ground work, I'm glad that seems to be the consensus as I didn't want to pay the whole thing for sure. I need to read the listing agreement again but before I worry about that I need an offer in hand. So we'll see what happens.

  6. #31
    Join Date
    Feb 2009
    Location
    On Vacation for the Duration
    Posts
    11,255
    When we relisted our house the first and best offer came at the first showing. Couple of days go by and my agent tells me that the guy was having a problem with financing but he was going to call some banks. I called the guy who made the offer and turns out his old girlfriend took off with a truck he co signed for her and she stopped making the payments. To get back at him? Anyway, he couldn't get a mortgage for a dog house. Agent who really sucked never qualified him I guess.

    We took a cash no inspection from the guy who had lowballed me the previous year. I heard that his wife told him he'd be sorry if he let this one go.
    A few people feel the rain. Most people just get wet.

  7. #32
    Join Date
    Aug 2004
    Location
    New Haven Line heading north
    Posts
    2,702
    Quote Originally Posted by iceman View Post
    Yeah I'm gonna try to make some sort of middle ground work, I'm glad that seems to be the consensus as I didn't want to pay the whole thing for sure. I need to read the listing agreement again but before I worry about that I need an offer in hand. So we'll see what happens.
    I would contact a local real estate attorney. While the realtor may be open to negotiations, the company she works for may not, and they may come after you for the whole nut when you were just trying to be kind.

    Long story short, when there is money involved (probably significant in your case), its best to have legal representation.

  8. #33
    Join Date
    Sep 2001
    Location
    The Cone of Uncertainty
    Posts
    47,024
    Well one step at time.

  9. #34
    Join Date
    Mar 2008
    Location
    the ham
    Posts
    6,296
    I just asked my wife how many days her firm's protection period is, and she said 180 days. She also mentioned that is generally the standard. I'd be surprised if yours is longer. But if you want to compensate your former agent for work done, I'm sure they would appreciate it.

    The one sticking point would be what their boss would think vis a vis recapturing the listing.

  10. #35
    Join Date
    Jan 2010
    Location
    2 hours from anything
    Posts
    7,978
    Quote Originally Posted by iceman View Post
    Yeah I'm gonna try to make some sort of middle ground work, I'm glad that seems to be the consensus as I didn't want to pay the whole thing for sure. I need to read the listing agreement again but before I worry about that I need an offer in hand. So we'll see what happens.
    You contact the listing agent and that just puts them on notice that the sale is happening and gives them the opportunity to stick their beak in. They could try to fight it and hold up the sale to go after the whole fee. While a long shot its the last thing you want to worry about. Also, as soon as they lift one finger your realtor is going to try to say that the original agreement is back in place.

  11. #36
    Join Date
    Sep 2001
    Location
    The Cone of Uncertainty
    Posts
    47,024
    There's always a flip side.

  12. #37
    Join Date
    Sep 2005
    Location
    Wasatch Back: 7000'
    Posts
    8,807
    You owe him/her nothing. Whatever you decide to give the realtor is a gift.
    ďA society that puts equality before freedom will get neither. A society that puts freedom before equality will get a high degree of both.Ē
    ― Milton Friedman

  13. #38
    Join Date
    Aug 2016
    Posts
    1,971
    Quote Originally Posted by iceman View Post
    Yeah I'm gonna try to make some sort of middle ground work, I'm glad that seems to be the consensus as I didn't want to pay the whole thing for sure. I need to read the listing agreement again but before I worry about that I need an offer in hand. So we'll see what happens.
    Does the middle ground cause more problems than going either side?

  14. #39
    Join Date
    Jan 2008
    Location
    truckee
    Posts
    10,841
    I don't see how the realty firm could sue you for the full fee if the buyer contacted you after the holdover period was over. They might be able to if they could show that you and the buyer conspired to delay the sale until after the holdover period but they would have to have evidence of that. The most likely reason for a delay would be as I said--the buyer delayed to get a 6% discount on the sale price.

  15. #40
    Join Date
    Apr 2006
    Posts
    1,654

  16. #41
    Join Date
    Apr 2006
    Posts
    1,654
    Last edited by byates1; 08-26-2019 at 03:56 AM. Reason: dead nuts, skiing in jeans

  17. #42
    Join Date
    Apr 2006
    Posts
    1,654
    ppl abscess over cars. think about that. it's a box. ymmv.

  18. #43
    Join Date
    Jul 2014
    Location
    TennesseeJed
    Posts
    9,438
    Im interested to hear if the offer is reasonable.
    "I don't pretend to have all the answers, and I think there's something to be said for that" -One For The Road

    Brain dead and made of money.

  19. #44
    Join Date
    Sep 2001
    Location
    The Cone of Uncertainty
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    47,024
    Quote Originally Posted by dunfree View Post
    Does the middle ground cause more problems than going either side?
    Starting to seem like it might, doesn't it?

    Quote Originally Posted by Bobby Stainless View Post
    Im interested to hear if the offer is reasonable.
    When this started I was thinking half, i.e. 3%. Now I don't know what I think.

  20. #45
    Join Date
    Sep 2005
    Location
    Wasatch Back: 7000'
    Posts
    8,807
    At this point, 8 to 10 months after the listing expired, the realtor would be tickled pink if you gave 1%. Think about it that’s probably $10-$20,000 that they have no right to receive.
    It is wise to offer something because there are still things to do post signing of contract up until the closing. For instance negotiation after home inspection, radon remediation, The endless time when the perspective buyers may want to enter the Home prior to closing, etc.
    ďA society that puts equality before freedom will get neither. A society that puts freedom before equality will get a high degree of both.Ē
    ― Milton Friedman

  21. #46
    Join Date
    Oct 2008
    Location
    Colorado
    Posts
    2,742
    Let us know how the offer comes in.

    Not unheard of that a buyer in this situation would be looking to score a deal, maybe even have their own broker. If they bring an offer saying
    -10% on asking price
    -3-6% broker fee - pay my broker

    Might be a crappy offer


    Sent from my iPhone using TGR Forums
    Quote Originally Posted by Benny Profane View Post
    Keystone is fucking lame. But, deadly.

  22. #47
    Join Date
    Dec 2016
    Posts
    1,159
    ^^think this is pretty on the money.

    To the anti agent commenters- if the buyer presents offer with an agent, what do you do then? Just ride bare while they have a pro?

  23. #48
    Join Date
    Mar 2008
    Location
    the ham
    Posts
    6,296
    Quote Originally Posted by byates1 View Post
    ppl abscess over cars.
    maybe old goat could have a look at that for you.

  24. #49
    Join Date
    Feb 2012
    Posts
    4,900
    Wait, so you can get paid commission on something you didnít sell?

    Huh.

    What a fucking racket.


    Sent from my iPhone using TGR Forums

  25. #50
    Join Date
    Sep 2010
    Location
    Tejas
    Posts
    5,695
    Quote Originally Posted by schindlerpiste View Post
    At this point, 8 to 10 months after the listing expired, the realtor would be tickled pink if you gave 1%.
    You would think, but if there's one thing I've learned about realtors over the years, it's that they get SUPER butthurtz if you decided not to use them, no matter how ineffective they may have been in finding a buyer. To many of them, even "friends" of yours, it's either 6% or nothing. Not all are that way. The ones who hustle will gladly take that 1% over 0%, especially if all they have to do is help with the paperwork and closing on a big sale, but in my experience in a high dollar market, if it's under a million dollar sale or you even HINT at perhaps giving you even a tiny bit of a break on the full commission, they're not even interested in bothering. Haha.

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