I work at Roofstock and am trying to get a better understanding of the post renovation costs for flipping a home. For example, once the home is complete how much are Fix n Flip groups spending to sell the home through a broker? I'm assuming between 5%-6%? Also, what are the costs associated with staging the home? Are there any other costs I'm missing?
@Jason D. Thanks for the reply Jason. Most agents here in CA are now charging 2.5% to the seller and offering 2.5% to the buyers agent. Is 6% still common in Florida?
6% realtor fees here... Tax adjustments, water adjustments, oil adjustments (if applicable), attorney fees (if attorney state), transfer tax (if state requires), concessions can happen sometimes. I carry a dollar figure for buyer inspection requests, as I always have to "fix" stuff after inspections.
Thanks for the input guys. Always interesting to see how states differ from one another in real estate.