Quote:
Originally Posted by rowan
In my area the typical commission seems to be about 2.5%. If a property is listed at $500k but the agent talks the vendor down to an offer of $450k, the vendor is out $50k but the agent is only down $1.25k... they still get $11,250 for their "trouble"
I'd say there would be more incentive to short sell a property with a slightly lower net commission, and QUICKLY, so they can get their cut and move onto the next vict...err... client.
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LOL I need to keep my mouth shut out of respect of self-preservation.
What I will say is that lawyers are the most hated professionals and real estate agents come in second.
What I will do is repeat what others have said and that is don't drag it out too much. People get impatient real quick and they're likely still looking at other properties. Then, when you do sign the contract, nurse that baby all the way to the table. I couldn't even count how many times I had to carry the ball to the end because nobody else was interested in doing it.