No one is causing anyone to pay 2% more. The options are either the buyer uses an agent and the seller pays the traditional 6% or you structure the sale without a buyer's agent so that everyone benefits a little.
That isn't what you said. You said you use buyer's agent and he takes 4% and you take 2%. In that scenario, if you use the buyer's agent, Seller would pay 4% not 6% per contract with the seller's agent. That costs the seller 2%. I literally just dealt with this 3 months ago when I sold my house. I don't care what AHebrewtoo laid out, that wasn't the original scenario which you asked.
Why the fuck would anyone walk into a negotiation as a buyer without an agent unless they're going to get some money back for it? Obviously the baseline scenario for comparison is one in which both parties have agents, not one in which the seller gets a windfall because the buyer foregoes hiring an agent that is paid for by the seller.
How hard is to install base cabinets? I want to put 3-4 cabinets in the ground in my laundry/mud room. Give some more storage space.
That wasn't what he originally asked. You are changing the scenario. I sold my house 3 months ago. The buyers came by the house and didn't have an agent. I gave them my agents info. My seller's fee dropped from 6% to 4%. The buyers didn't ask for any money back. They gave a full price offer.
Pick up === Walk Inside === Put Down You can put them over the flooring, so long as you're not running plumbing it should be fairly easy.
It's pretty easy. Just make sure they are level. If they have a wooden base, then you shim them to level. If they have adjustable base, you just adjust to level. Screw cabinets together and to the studs you're done.
I posted something a few pages back, but find an independent broker and ask him to quote every company he represents. When he reviews the quotes, make sure he covers/explains the valuation and coverage levels for everything. Ensure you're covered for the right amount, not that the price is lowered to be the lowest. If you add in auto, you'll see a discount. Add in life, potentially a larger discount, depending upon the carrier.
Your situation sounds crazy unique. I may have phrased the question wrong, but that's why I asked how it works and AHebrewToo provided me with the answer I was looking for.
I don't think it's all that unique. out of the 4 times I have listed properties, twice i've had dual rep and neither time have they asked for any money back.
You can always ask for anything you want as a buyer and the seller can always say no. Every scenario is unique. If you list a property at a reasonable price (on a nice home) then the seller will always have the upper hand because they should always have multiple offers.
With the people that owned the house going through a divorce and wanting to split completely as soon as possible, I was able to get $15000 off of the asking price and for them to pay all closing cost as well.
1 we did and 1 we didn't. The 1 we didn't was because we had to sell so we listed it at a very reasonable number. We priced just above comps and got full ask. The 1 we did was a situation where we weren't in a hurry to sell, so we listed it at what we thought was reasonable but with a nice cushion above the comps. That one took a little longer to sell(<60 days), but it sold full ask.
Wait - there are buyer's who, without an agent, see a house and then hire the seller's agent as their agent? That's the most absurd thing I have ever heard. A buyer's agent is bad enough, because they have literally no incentive to get you the best price possible. But hiring the seller's agent is certifiably insane.
Actually, it's in the buyer's favor in that situation. The seller's agent has a greater incentive to get the property sold so they get the extra 1% commission, so in general you are fighting with your own agent as the seller to keep the sales price where you want it instead of dropping it to make the sale.
Shit, I had a guy stop by mid-week before an open house to get a jump on seeing the property. He didn't have an agent.
Shit, when you get someone picky and you end up showing 25+ homes to someone... Seller's Agent just lists the property and has open houses. On our last sale, the agent held 3 open houses. How many did she actually work? Zero. Had another agent at her agency work them.
25 homes to make 20k before house split? Pretty easy job honestly. Selling you have to do the Broker's preview and drive interest through contacts. In a hot market, neither is very difficult but when things slow down is when they earn their money. My in-laws listed a condo that didn't sell and they ended up renting. I'm sure it would have sold with a different agent but they used their friend who didn't have any contacts in the area and his racial profile (white and only english speaking) didn't really fit who I think were the potential buyers (Asian).
Has anyone tried to sell their own home (no agent)? This is something I was considering. I see a ton of For Sale by Owner signs in my neighborhood.
Guy on my street is doing a for sale by owner. Two other houses went up for sale at least a month afterwards and already sold. I haven't even seen anyone looking at his yet.
Heavily dependent on market/location. I tried to sell my first home but it didn't move because there was a glut of homes in the same range and mine didn't have much differentiating it. Got a realtor and it sold in 4 days. Home was just sold in my neighborhood in 2 days by owner with them going down in price but still coming out ahead considering no realtor, but, we're in a desirable location. So, it depends. But if you're selling it, why not try it yourself first? Worst thing that happens is it doesn't sell and you get a realtor.
I talked to the lady at the title agency back in AZ and she told me she is seeing it more and more. If you have the patience, it's a good way to save the 6% commission.
Depends on how hot your market is. The DC market is stupid, and in that sense, anything on the market for over three weeks or homes that have been put on and withdrawn draw red flags. I can't believe something that extreme is the norm, but I can definitely imagine there being a downside to having a house sit for too long. Plus, depending on what and where you are selling, you don't really want to wait so long that you don't have an opportunity to close by the beginning of the school year.
House the street over has been for sale for going on three years now. Husband and wife got divorced, she moves in her new man, and the ex husband gets stuck paying the mortgage until the house is sold. She obviously is in no hurry to sale it, so she jacked the price up from the comps around her and won't budge. I just found out that was the reason a couple of months ago. I just thought there was something severely wrong with the property.
Doesn't seem like it would be to me either. I will see if I can find something else out from one of the Desperate Housewives down the street.
I've sold my last two homes FSBO. it's easy. I took everything in closets and a lot of other clutter out of the house and put it into storage. $100 Paid an interior designer/stager to come over and tell me what to do. Paid $250. Paid professional photographers to come over and take photos. $100 Paid for an MLS listing service. It came with comps. Also called an appraiser and he sent me some comps for free. $100 One home took about 3 weeks to sell. The other was sold in 4 days. Saved a combined $11,000.
I've got a meeting Friday with the builder to go over outlet, phone, cable placement. I'm wanting to get a cable outlet for the patio. I know direct has the wireless boxes now and that's who I'm going with once we get moved in. Should I still get the cable outlet placed or just wait to see what tv provider says once we move in? Didn't know if anyone had been in a similar situation.
Go ahead and get it installed. Depending on where you put the router, you may get a poor signal outside with the wireless box
Run Cat5 or 6 through out the house. Make sure you run speaker wire as well. Huge added value with both.
I thought this at first. But the lady I used to buy my condo was amazing. She literally did all the tedious shit I didn't feel like doing.
I don't know of a website but their stores can do it. We wanted Benjamin Moore decorators white for our trim and cabinets, but our painter could get us a much better deal on Sherwin Williams. Wife went up to the Sherwin Williams store in town and got them to match it.
and you didn't pay a dime for it. But if I told you that you could save 3% and do it yourself, would there be anything that you couldn't figure out in your own or be unwilling to do?
I don't know if there is (I'm sure someone has come up with it), but there's a Chrome plug-in called Color Picker where you can click and it will give you the 6-digit color hex code number, which most stores can then mix.
The one time I tried to color match is was a shed to the color of our house. It was pretty close but I don't think it's exact. They're pretty far away from each other though so it works out. I always wondered how that shit works. Seems like it would be really dependent on the lighting, angle, etc of the picture of it you were trying to match.
Take a piece in to your local paint shop. Most have a very expensive machine that will scan it and tell them exactly the mix to match it. They will make a small batch, compare it to the original, and if you approve they will make however much you need. Only charge is for the paint you buy.