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Old 12-28-2010, 07:18 AM
 
136 posts, read 463,515 times
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How do you sell a house these days??? How much is the realtor-commission.
example if I sell for 200K an I owe 50k how much is the realtor fees. Also can I request cash or can I go to the bank a walk out with 1ook or can i go in every day an pull out 4k.

thanks
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Old 12-28-2010, 10:17 AM
 
Location: Mokelumne Hill, CA & El Pescadero, BCS MX.
6,958 posts, read 21,191,211 times
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I'm not sure what the real estate commission might be common in the bay area, but all real estate commissions are negotiable. The fee is based on the sales price, not how much you walk away with after paying off any existing mortgages.

The escrow company will wire the net proceeds to any bank you choose or cut you a check, which you can deposit. What you do with it after that is your business.
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Old 12-28-2010, 01:54 PM
 
Location: Columbia, California
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I would think several times before carrying more than a few thousand in cash on me. Not just the hold up factor. But once you have too much cash you can not spend more than 10K with out a form required by state stating it was paid in cash.

When my grandmother passed they found $500,000 cash in her mattress. More than 20 million in property and bank deposits. Still in probate after 8 years. Pending one remanding property on the Mexican border.
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Old 12-28-2010, 03:02 PM
 
136 posts, read 463,515 times
Reputation: 65
Quote:
Originally Posted by ferretkona View Post
I would think several times before carrying more than a few thousand in cash on me. Not just the hold up factor. But once you have too much cash you can not spend more than 10K with out a form required by state stating it was paid in cash.

When my grandmother passed they found $500,000 cash in her mattress. More than 20 million in property and bank deposits. Still in probate after 8 years. Pending one remanding property on the Mexican border.
Wow that is big time money.. 1/2 million in a mattress. I dont trust the banks anymore. I will be my own armed guard.. Can I go in to a bank an take out 4k with out any record.

so If i see this right it will cost me any where from 4 to 6k per 100k meaning if I sell for 200k an owe nothing I should recieve $188k I would like 100's an 20's
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