All Forum Posts by: Jacqueline Carrington

@Eddy Dumire, this would be my 1st listing (ever) as a new agent. However, yes. On the MLS here in CT, the listing agent always has 2% or 2.5% to the buyer's agent. I have yet to see any listing where the listing agent offers 3%. Our buyer contract states the buyer will pay 3% fee. If the listing agent pays anything towards the 3%, then the buyer pays the remaining difference. So the buyer agent in the end still gets their 3%.

Are you a managing member of your LLC? If so, I don't think it would be a problem. Not 100% sure though.

Not saving/accounting for unexpected maintenance issues.

 I would be discounting my own commission by accepting a 5% listing fee instead of 6%. That was the point of the post was seeing how other agents counter when a seller says "6% is too high" for a listing contract.

Which best meets your current goals? Prop A seems like a good long term place and if it appreciates as much as you anticipate in the next 5-10 years, you could use some of the equity for the roof and still have equity left over to possibly put down on another property.

Edited to say: Prop A currently looks cash flow negative. So you'd need those updates, the rent would need to be in line to make money. Even with appreciation, who would want to be out of pocket every month for the next 5-10 years?

As a Realtor, the time spent on property management could be spent on getting listings that could yield more money on a sale than the day to day managing. Also think about if you want to be on call 24/7 for tenant issues/maintenance requests. Property management could be a viable option; but it seems more like a job.

Zestimates are very inaccurate; I would not rely on them at all. There is an article in the LA Times where the CEO of Zillow stated nationwide Zestimates have a median error rate of about 8%. 

http://www.latimes.com/business/realestate/la-fi-harney-20150208-story.html

In New Haven County, you could look in Branford, North Branford, North Haven, Milford and Hamden.

 Excellent tips. I definitely will practice each listing presentation beforehand especially my closer to get the listing agreement. I will be putting together listing packets as well to show the seller the kind/amount of marketing that would be done to get the home sold to include with my pricing proposal.

However, I would never tell a seller 6% because I am offer something to the buyer agent or even mention anything of the like.

@Wayne Brooks that may be. Any advice on the listing side when sellers pushback at your fee? How do you counter?