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These are always fun calls. Particularly with an 85 year old broker in the middle.
First off you need to do what homework you can...does she mean it or not?
That is the crucail question. When dealing with hard core real estate people all commissions are negotiable. You work a year on a 2.5 million sale and then give up half your commission at the end.
Yeah I know...it is in the MLS contract. Ever do a short sale? Ever see the bank cut the commissions? You figured a way to tell them they can't do that? And this smells of commercial...so all the normal "you can't do that" are by the board.
What does your client say? Willing to go look for another property?
the buyers broker so i don't write up the contract. they write it up and send it to my client so she will already have my commission slashed......Like I said do I tell my client that he has to pay the difference, and why should he, I already told the sellers agent to go to hell , I did my job, so pay me what you offered me.....it just really pisses me off that this is happening to me by one of your own. I don't care if I don't get this client to buy another property from me, i will not lower my commission, especially being the buyers broker....their aren't many buyers out their buying this type of property I hope she gets in the low 500s now....I tell all my clients , in this market your first offer might be your best , and only offer so be careful..............MERRY CHRISTMAS AND HApPY HOlIDAY'S TO you All................. Time to put the kids presents under the tree...........
made last year and throw it out the window. minus all your expenses for the year and what do you have left......I'll tell you an unemployed agent...........I have to stand on my Principles. I have Been showing this client property for 5 months............is it still worth it I think NOT......MERRY CHRISTMAS TO YOU ALSO............
the buyers broker so i don't write up the contract. they write it up and send it to my client so she will already have my commission slashed......Like I said do I tell my client that he has to pay the difference, and why should he, I already told the sellers agent to go to hell , I did my job, so pay me what you offered me.....it just really pisses me off that this is happening to me by one of your own. I don't care if I don't get this client to buy another property from me, i will not lower my commission, especially being the buyers broker....their aren't many buyers out their buying this type of property I hope she gets in the low 500s now....I tell all my clients , in this market your first offer might be your best , and only offer so be careful..............MERRY CHRISTMAS AND HApPY HOlIDAY'S TO you All................. Time to put the kids presents under the tree...........
Completely agree. There is a big difference in having to cut your commission to get the deal done, and somoene who, after you do the job, decides they want to pay you what they agreed to.
What hit is the other agent taking? I wonder if perhaps the other agent is just trying to get you to take the whole reduction...or is this seller actually saying that she's going to reduce the commission by two thirds... I doubt it. Wow. A Californian AND a New Yorker, lol.
The capital gains will only be on 100k of the sale and it's not your buyers problem. It's in the buyers interest I would think to buy it outright. Some good points on commission here too.
Personally, I wouldn't take a hit up front or they'll probably come back asking for more before closing. I would also want something paid up front if they do go owner financing and don't close immediately.
The capital gains will only be on 100k of the sale and it's not your buyers problem. It's in the buyers interest I would think to buy it outright. Some good points on commission here too.
Personally, I wouldn't take a hit up front or they'll probably come back asking for more before closing. I would also want something paid up front if they do go owner financing and don't close immediately.
Again guys we are getting ahead of ourselves. There are valid reasons for an installment sale. It can have a significant impact on the taxes on a property with high capital gain taxes. It basically spreands the taxes over a span of years and may well cut the rate substantially.
An 85 year old Real Estate Operator can demand anything she wants. If you won't give it to her she won't sell you the property...simple as that.
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Mike remember I am
