All Forum Posts by: Kathryne Omaits

Thanks Mike for your response. This is a SFR on 5 clean acres with a 2 story small barn. House is updated and clean, 2172 sf. When I asked the (ex)agent what the terms were the response was 4% and $250.00 compliance fee to broker, which I am willing to pay (could you tell me what a compliance fee is)?

Offer to purchase received at $265,000.   Zillow has a zestimate of $271something...I know Zillow is not final word on price.  So, at that price and 4% comm. I am good.  

I look at the contract and it says seller pays broker's fee.   And mentions in one party agreement that broker's fee (in addition to the 4%) TBD.   Also trying to put in"seller's commission obligation hereunder shall apply regardless of whether Seller subsequently  lists the Property with another licensed real estate broker or any other party (I have crossed this out).

As an investor (this is not an investment property,is my personal residence), I want to be fair and care about my reputation but am not going to be taken advantage by agent.   I do not want to pay more than the 4% and do not see any reason to.   Any thoughts?


 

I'm in Michigan. Selling my home. My previous listing agent contract expired in November. No signage and not listed with anyone. The same agent brought a buyer. Wants me to pay 4% and broker's commission. They are getting the house for a good (fair) price based on comps and this is considering a Michigan winter market. I feel the 4% is generous and do not see any reason to give anything more in the way of commissions. Is this correct and if not, why? Why should I give her 6% or anything more than the 4% I'm willing to contract. Thank you for any comments I may get! I am willing to let this deal go because I am getting ready to put it up FSBO in a couple of weeks.

Call a lumber yard to get a referral for an individual who does this.  This has worked quite well for me in Michigan.  I am soon relocating to Atlanta GA and am looking forward to seeing how that works there

@Jonathan Perez

This will be a hack.   I checked the Network tab.  Nothing listed.    Does anyone have a suggestion of a realtor who they know that is familiar with dealing with investors? Relocating to Atlanta, GA from Detroit, mi  in or before September.   I know Atlanta is a hot market right now and that it will take time to find such  real estate.     I would like to start making connections and appreciate any leads someone can offer.    Thank you !