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Old 08-27-2003, 02:58 AM   #1
Eric SS
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swap and N20. gone. : (

Default For those that have sold their house before, how much did it cost you???

My wife and I are wanting to sell our house and we already ahve a new house being built that we can still back out of if we need to.

Anyway, we consulted a real estate agent today that we have known for a while and that sold my wifes parents house for them and she said it was cost us 6% of what we can sell our house for(~$10,920!!!) for her to sell our house!

W T F!

I figured we would have to pay her about $3k or so to sell our house. Does 6% sound right?? If we have to give up $11,000 in equity just to sell our house (before closing cost on the other house) we won't be able to do it because it will eat away to much equity to be able to even move!

So my serious question is, what did other people pay to sell there house? I REFUSE to pay someone $11,000 to sell my frickin house for me.
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Old 08-27-2003, 03:33 AM   #2
QA Guy
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Default

6% is the standard commission (or at least was when I bought my house). This would be split between the selling agent and the buyer's agent (if any). You can probably find some agents that will do it for less if you hunt around.

There is also the "for sale by owner" option for people who don't want to pay that commission...
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Old 08-27-2003, 03:37 AM   #3
Eric SS
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2000 2.5RS w/ EJ22T
swap and N20. gone. : (

Default

Quote:
Originally posted by QA Guy

There is also the "for sale by owner" option for people who don't want to pay that commission...
How tough of an option is that? I would love to sell it myself if it isn't to time consuming.
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Old 08-27-2003, 03:49 AM   #4
A-REX
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Default from my understanding......

......the 6% gets split 4 ways:

1.5% to the selling agent
1.5% to the selling agent's company (Century 21, etc...)
1.5% to the buyer's agent
1.5% to the buyer's agenst company (Century 21, etc...)

My wife and I just bought a house and the going rate in Pittsburgh, PA is 7% (instead of the 6% you quoted). We ended up getting a house that was being sold by the owner. They were more flexible with the price since they weren't paying commision.
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Old 08-27-2003, 03:53 AM   #5
QA Guy
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Quote:
Originally posted by Eric SS


How tough of an option is that? I would love to sell it myself if it isn't to time consuming.
I don't know since I haven't sold or bought a house this way.

You should probably read up on the topic, as it is likely to be quite an undertaking.
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Old 08-27-2003, 06:01 AM   #6
reynolca
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OH_BS!1!!!!1

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6% is the norm in most places - just dropped 20Gs (CDN - not including lawyer . . . ) selling my house. Still walked away well ahead because I sold it for 55Gs more than I bought it for 1 1/2 years ago.

Paid off my OBS with the difference, invest the rest till I buy my next place. Mortgage and car payment free - for a while! STi calling . . .

CR.
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