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Updated about 7 years ago on . Most recent reply

User Stats

130
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29
Votes
Harry Williams
  • Atlanta, GA
29
Votes |
130
Posts

Agent changing brokerages. Should I list myself to save money?

Harry Williams
  • Atlanta, GA
Posted

The facts:

I have had a fix and flip listed in a good area of the Atlanta, GA market for 53 days. It has had 35 showings times and only one offer, which was a low ball. It did not work out and we re-listed.

The margin on this deal is slim to none. The project manager did not adhere to budget or timeline, which killed the deal. Needless to say, I am trying to move on ASAP.

Currently, the house is listed for $539,000, down from $549,000. The commission is 5% (2% selling agent / 3% buying agent) or $27k.

The selling agent (my agent) is leaving their brokerage with her team to start at a different brokerage and their listings go with them. My agent is giving me an ultimatum: you can stay with me or you can leave no penalty.

I am considering listing this house on the MLS with no agent. The project manager has offered to be the one showing the house.

Doing this would save save give me a $10k+ cushion.

Should I do this or get with a new agent?

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