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I'm going to have a special one time showing. This is because it's not market ready yet, but the agent has someone who is interested in it right now.
I will be signing a one-time showing agreemen. The sales commission is going to be the standard 6% in the area. Is it normal for there to be a 6% commission, when there is only one agent? I could try to negotiate it, and I'll Google it, but I thought someone might be familiar with this issue. Anyone have experience with this?
Have it ready to show before showing it.
People do not overlook stuff, no matter how loudly they proclaim that they will.
There's no way to have it show-ready at this stage. I need a couple of months for that.
But it doesn't matter. He wants the land. He's going to demolish my cute little cottage.
My question was about whether I should be pying a 6% commission when there in only the one agent? There isn't an agent for the seller, and one for the buyer. There's just this one. He tried to say that he represents me, but no he doesn't. He represents BOTH parties.
I'm thinking I'll try to negotiate down to at least 5%.
There's no way to have it show-ready at this stage. I need a couple of months for that.
But it doesn't matter. He wants the land. He's going to demolish my cute little cottage.
My question was about whether I should be pying a 6% commission when there in only the one agent? There isn't an agent for the seller, and one for the buyer. There's just this one. He tried to say that he represents me, but no he doesn't. He represents BOTH parties.
I'm thinking I'll try to negotiate down to at least 5%.
You don't need to sign the agent's paper. Tell him to bring you his solid cash offer, and take it to your attorney.
With Cash, the commission is not nearly as hampered with documentation as in a borrowing transaction.
The buyer can pay it directly to his agent. You only need to recognize that when negotiating the price.
You don't need to sign the agent's paper. Tell him to bring you his solid cash offer, and take it to your attorney.
With Cash, the commission is not nearly as hampered with documentation as in a borrowing transaction.
The buyer can pay it directly to his agent. You only need to recognize that when negotiating the price.
Thanks. That makes more sense than getting involved in all sorts of paperwork. For all I know, the guy is lying to me. He called me out of the blue (altho I verified his agency and such), because my area is really hot right now.
The percentage depends on the market in a specific location. The Northeast, specifically NJ is going for 5%. We were quoted by 3 different agents. You could probably suggest 1% less than the going rate if there is only one agent involved.
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