All Forum Posts by: Harry Williams

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?

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?

@Jim Blatchley Thanks for your response. A price drop is already in the works for this Friday (2 days from now). We are hoping this moves the home as it will be a great deal for a buyer. And, trust me, no emotions here. Just trying to move on :)

This is good to know! Still working on speaking with him though :)

No garage is extremely common in this area, and many others surrounding. There is a carport. 

@Comfort S. Thanks for your reply! Do you suggest readjusting the price before or after Easter (April 1)? 

All great info. Thank you to everyone who has responded.

@Victor S. lol you are exactly right!

@Uriah D. Is the 2k seller agent bonus until Wednesday after easter something that is under the table with me and the agent? Sorry, but don't understand the "put a deadline on it in mls" part. Thanks.

@Uriah D. Thanks again for your suggestion. There is an open house set for Sunday. Do you still advise a price drop before then? Regarding pics: the problem is the photographer is not available until next week for new pics. Should I rush this and add pics of my own? I do have a nice camera, but I would ideally like them to have a consistent style.

Heading to house today and will talk to the neighbor. 

PS - I did change the cover pic! It has resulted in a wave of traffic on Zillow. Check out my previous comment above.