Skip to main content

Making Sure I picked the right Realtor Before I sign

Hey everyone. I'm listing my house on April 15 and before I sign the contract I wanted to make sure this process is largely normal.

I contact a few a few months ago and had an initial review of the house and landed on one that seemed to be the most experienced. He said based on comps at the time it would be good to go to list around 449k but i should probably expect to get around 430k for it. We'd revisit in March. Outside of that, he told me a few things to fix up and I did so.

We are in march now and he came over again for the updated listing with plans to take pics and sign contracts on the 30th for a mid-April launch.

When he arrived he said appraisals for my specific house are only going for around 430k, so we should just list it for that to make things smoother. That's what I went in expecting, but it seems like it would be a good idea to have a little wiggle room there for concessions and stuff? He said most agents are going to go in knowing what it appraises for and just offer that anyway.

It's just sort of a switch compared to the previous messaging I was getting. To start higher so we can come down and give concessions.

He charges 2.25% commission but said the 6% thing is largely going to be hit by the buyers agent now days since they always ask for a bunch of stuff. Is that true too? I've always heard 3%/3% but never worked with an agent before. I just bought this house straight from the builder.

Anyway, just a few things to get out of the way.

submitted by /u/Plenty_Wedding_6891
[link] [comments]

source https://www.reddit.com/r/RealEstate/comments/1rv1ubc/making_sure_i_picked_the_right_realtor_before_i/
Labels:

Comments

Post a Comment

Popular posts from this blog

North Carolina – “One to Buy; Two to Sell”

I realize I will likely have to contact a real estate attorney but also hoping to hear insights and experiences from others! I have a house in NC that I bought by myself in 2009, and paid off, in full, in 2022. I got married in 2023. My spouse and I have not lived in the house as our "marital residence". We have maintained separate residences even after we got married. (That a separate topic!). I am now selling this house. Realtors have told us that my husband has to sign the deed at time of transfer but I am not convinced since the house has not been our marital residence. The realtors like to use the phrase "one to buy; two to sell", which seems like a broad-stroke statement which is not applicable under all circumstances. And of course, the realtors don’t realize the details of my specific circumstances: I purchased and paid for the house in full prior to marriage Only my name is on the deed And most importantly, we have never lived in the house as a marit...
Post a Comment
Read more

Question With Tricon "Pending ID".....

My wife and i, along with 2 other peopl applied to rent a house, and our application says "Approved, Pending ID". Anyone else know what that means? Do we pretty much have the place or are we missing something? submitted by /u/Itskrueger [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1orixqj/question_with_tricon_pending_id/
Post a Comment
Read more

Aren't comps/CMAs useless with buyer credits at close happening now?

I'm looking into buying a new construction townhouse in my HCOL US city. I'm seeing builders offering interest rate buydowns worth $20k-$60k on $800k homes (rather than just lowering prices) in order to keep their comps high for their other units, now that buyer demand has been declining. I asked my agent about these, and he said these buydowns aren't even the full story: buyers can write all kinds of other credits into an offer, like their closing costs, prepaid sewer fees, etc. Apparently cash buyers can just write in a "buyer credit at close" for any amount in their offer. So a new townhouse that appeared to sell for $800k in the MLS might have actually been a cash offer with a $100k+ buyer credit at close, meaning the buyer only spent $700k or less in total, but to the rest of the world they can only see the $800k! So that made me realize I can't trust comps/CMAs for other new construction townhouses. The sales prices could be way lower than they appear...
1 comment
Read more