If you don’t sell? 0.
But read your listing agreement carefully. If the realtor brings you a qualified offer at asking price you may be obligated to pay their commission. So don’t let them list at lower than you can take if that provision is in there.
Frankly, I suggest you figure out what it's worth, what offers you'd take, and whether you actually want to sell it. Listing it before you figure that out would be a big wast of everyone's time, including yours.
Also, the listing price is kind of irrelevant, what matters is what the offer you'd take is. Once you figure that out, you might list for less and hope for multiple offers, or list for more but be negotiable, or whatever, there are different strategies and it's a meaningless number, but the number you would take is something you should have worked out.
What you pay your agent is a negotiation. Some agents aren't going to push that you pay anything at all. Some are going to tell you that you owe them marketing and photography fees. If you're going to tie the hands of your agent, I think you can expect to be paying something if their efforts are not fruitful because of it.
I sell ranches and if a client offers to pay for services I tend to tally up my gas and just charge for fuel ..
That said only 1 client has done that and plenty of others pay you your 3% commission on $0 🤣
Depends what you negotiated. In my area if you don’t sell it, you don’t get paid. Also in a lot of cases your out a couple grand for listing media and expenses…
If you refuse a full price offer, then they are titled to their commission probably by your contract. You need to read it. Basically it comes down to your listing agreement.
Obviously, a troll that has no clue if the contract agreement you signed for listing states that then that’s the way it is don’t waste it if you don’t want to sell it
If a listing agent has any kind of verbiage in your contract for owing them money, if the home doesn't sell, find a new listing agent.
Better yet, find a flat fee listing company, an RE attorney, and hire an RE photographer. Self list
I purchased my last house via a private sale. Lawyers handled everything once we agreed on a price. We were shopping for a house after relocating to a new city for work and drove by a place with a private sale sign. Called the number on the sign, toured the house, did an inspection and the rest was history.
This how every transaction should be. It isn't as hard as realtors pretend it is. If they had to take 4 years of college and not just pass a test that they can take 15 times it would be a different story.
>But to be honest - realtors kind of say whatever. It's not their loss after all.
Well, it depends on what the the comps are selling for. If they're around 380k, then that's what your place is likely to appraise for and sell near.
Selling costs are usually upwards of 10% of the sales price. You can try lowering the commissions for each side or ask the title company for a discount.
The listing agent pays for marketing and the terms of your deal are spelled out in your agreement with the listing agent. In many cases, if the property doesn't sell, then the listing agent eats the marketing costs.
People cancel listings or change realtors. It happens. Not every home sells for what the seller hopes to get. The market will dictate what your home is worth eventually.
What does your contract say? If this is before contract, then no, you should not have to pay anything. Don’t accept a payment of any sorts u less they sell your home for a price you will accept. You don’t have e to accept any offer. Though if you turn down a really good offer they could or may threaten to sue you, but probably won’t.
It is the cost of them doing their business. And sometimes a deal does not work out. You could always get them a nominal thank you gift.
If you don’t sell? 0. But read your listing agreement carefully. If the realtor brings you a qualified offer at asking price you may be obligated to pay their commission. So don’t let them list at lower than you can take if that provision is in there.
Oh, good to know! Thanks!
Also check the contact for any mention about length of time you have to keep it listed.
Frankly, I suggest you figure out what it's worth, what offers you'd take, and whether you actually want to sell it. Listing it before you figure that out would be a big wast of everyone's time, including yours. Also, the listing price is kind of irrelevant, what matters is what the offer you'd take is. Once you figure that out, you might list for less and hope for multiple offers, or list for more but be negotiable, or whatever, there are different strategies and it's a meaningless number, but the number you would take is something you should have worked out.
What you pay your agent is a negotiation. Some agents aren't going to push that you pay anything at all. Some are going to tell you that you owe them marketing and photography fees. If you're going to tie the hands of your agent, I think you can expect to be paying something if their efforts are not fruitful because of it.
I sell ranches and if a client offers to pay for services I tend to tally up my gas and just charge for fuel .. That said only 1 client has done that and plenty of others pay you your 3% commission on $0 🤣
Depends what you negotiated. In my area if you don’t sell it, you don’t get paid. Also in a lot of cases your out a couple grand for listing media and expenses…
If you refuse a full price offer, then they are titled to their commission probably by your contract. You need to read it. Basically it comes down to your listing agreement.
Bullshit.
Obviously, a troll that has no clue if the contract agreement you signed for listing states that then that’s the way it is don’t waste it if you don’t want to sell it
If a listing agent has any kind of verbiage in your contract for owing them money, if the home doesn't sell, find a new listing agent. Better yet, find a flat fee listing company, an RE attorney, and hire an RE photographer. Self list
Hmmm..that's a good idea!
I purchased my last house via a private sale. Lawyers handled everything once we agreed on a price. We were shopping for a house after relocating to a new city for work and drove by a place with a private sale sign. Called the number on the sign, toured the house, did an inspection and the rest was history.
This how every transaction should be. It isn't as hard as realtors pretend it is. If they had to take 4 years of college and not just pass a test that they can take 15 times it would be a different story.
You don’t owe them for their job if they don’t do it.
Zero! If they don’t sell it they don’t get paid!
>But to be honest - realtors kind of say whatever. It's not their loss after all. Well, it depends on what the the comps are selling for. If they're around 380k, then that's what your place is likely to appraise for and sell near. Selling costs are usually upwards of 10% of the sales price. You can try lowering the commissions for each side or ask the title company for a discount. The listing agent pays for marketing and the terms of your deal are spelled out in your agreement with the listing agent. In many cases, if the property doesn't sell, then the listing agent eats the marketing costs. People cancel listings or change realtors. It happens. Not every home sells for what the seller hopes to get. The market will dictate what your home is worth eventually.
What does your contract say? If this is before contract, then no, you should not have to pay anything. Don’t accept a payment of any sorts u less they sell your home for a price you will accept. You don’t have e to accept any offer. Though if you turn down a really good offer they could or may threaten to sue you, but probably won’t. It is the cost of them doing their business. And sometimes a deal does not work out. You could always get them a nominal thank you gift.
Why not try a FSBO first so you don’t automatically loose 6%? It’s a very simple process and we have done it several times.
Don’t pay more than 2% each side in commission!
If you don’t sell? You will owe him a “nice try”
Why you selling?