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Subject:
Selling house
Category: Miscellaneous Asked by: nadasif-ga List Price: $5.00 |
Posted:
24 Aug 2003 15:29 PDT
Expires: 23 Sep 2003 15:29 PDT Question ID: 248293 |
What should a realtor charge me if I want to sell my house for $339,900? I live in Deer Park, NY (Suffolk county). |
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Subject:
Re: Selling house
Answered By: beckybob-ga on 24 Aug 2003 16:23 PDT Rated: |
I am actually selling my house right now, and I have decided it is in my best interest to hire an established Realtor to help me with all of the complexities of selling. The standard commission charged by Realtors is six percent, in North Carolina and in New York State, and in fact pretty much everywhere. Your expected costs amount to $20,394.00. You should expect to pay that much if you use a large, established Real Estate firm because they are less likely to negotiate fees. If you, like me, are concerned about advertising, marketing, screening buyers, checking prices of nearby properties, advice on what must be repaired and what can be left "as is," advice on how to show the house and even what closing costs to expect, then you will find the fee well worth the service rendered. You can find discount services, and even no fee services, but I did not choose to go that way. A Google search on "Realtor Commissions New York" will give you a list of options to consider. Good luck. I hope you get the price you want and the advice you need. Bob |
nadasif-ga
rated this answer:
Thanks so much for the info you have provided. A search on Google lead me to http://houseexpress.com/ where I found that I can save atleast $7000 |
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Subject:
Re: Selling house
From: imagine-ga on 24 Aug 2003 22:03 PDT |
Most real estate commissions are divided between the listing broker (the broker you sign the contract with) and the selling broker (the broker who actually brings in the buyer). A 6% commission would typically be split with 3% going to the listing broker and 3% going to the selling broker. These components of the commission may be individually negotiable. If a seller wishes to negotiate the commission, it is probably in their best interest to reduce the listing commission before they reduce the selling commission, since a reduced selling commission may reduce the number of buyers who are exposed to the property (the selling commission is generally noted in the Multiple Listing Service, and a low selling commission may discourage some real estate agents from showing the property). |
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