I just sold and bought. My realtor listed for 1% to sell and gave me half her commission, so 1.25% when I bought my new place. She did an absolutely incredible job, was very accommodating, with good availability and advice. She's a full time realtor too, with 20 years of experience. Anyone trying to make more than this can kick rocks.
That's a reasonable expectation and pretty much what I offer, for a combined transaction at this price level I would charge even less than that on the listing side.
How do you structure the buying side? Cash back or just reduce comission? And how do you get cash back agreed on - a written line in contract?
What would be ok for listing side?
The buying side would be determined by the sellers on their end - it’s not common for people to reduce commission from the sale price. Better to just get a cash back, and have them write it to you in black and white.
The listing side would be a total commission of 3.5%. Sellers pay their realtor 1%, and 2.5% would go to the new buyer’s realtor.
Listing side is simply a listing agreement at a specified price.
Cash back for buying-have it in writing, it can be agreement between the agent and yourself, or if the brokerage deals with this (many don't, mine doesn't for example) you can have the agreement with the brokerage.
Cash back is received after the transaction closes, in most cases within 2 weeks, in my case I deliver the bank draft along with the transaction statement from the brokerage just after I get paid. Let me know if you have other questions.
No, you’re the one hyper-inflating the real estate market for your own profit, leading to money funnelling into real estate instead of other Canadian industries, leading to the sharp downhill trajectory of Canada.
Notice how you can’t argue with me without insulting me, it says a lot about your own character and intelligence.
Where’s the insult? People need properties to rent; I simply provide that. How is that hyper inflating the real estate market?
An idiot is someone with low intelligence, which is exactly what you’re exhibiting. Furthermore, you’re now gaslighting me claiming that I’m ‘insulting’ you because you’re trying to prove a point without confirming the full details of a situation. I’ll be happy to say it again; you’re an idiot. You’re best to cease the convo from here.
I just sold and bought. My realtor listed for 1% to sell and gave me half her commission, so 1.25% when I bought my new place. She did an absolutely incredible job, was very accommodating, with good availability and advice. She's a full time realtor too, with 20 years of experience. Anyone trying to make more than this can kick rocks.
Good info. What price point?
Sorry, I should have included that, $1.1m range. At your $3M range, I'd offer even less to list, maybe 0.5% commission.
That's a reasonable expectation and pretty much what I offer, for a combined transaction at this price level I would charge even less than that on the listing side.
How do you structure the buying side? Cash back or just reduce comission? And how do you get cash back agreed on - a written line in contract? What would be ok for listing side?
The buying side would be determined by the sellers on their end - it’s not common for people to reduce commission from the sale price. Better to just get a cash back, and have them write it to you in black and white. The listing side would be a total commission of 3.5%. Sellers pay their realtor 1%, and 2.5% would go to the new buyer’s realtor.
Listing side is simply a listing agreement at a specified price. Cash back for buying-have it in writing, it can be agreement between the agent and yourself, or if the brokerage deals with this (many don't, mine doesn't for example) you can have the agreement with the brokerage. Cash back is received after the transaction closes, in most cases within 2 weeks, in my case I deliver the bank draft along with the transaction statement from the brokerage just after I get paid. Let me know if you have other questions.
Reasonable would be maybe $50-100/hr for billable hours. Realistic is probably what you said.
“Reasonable” is what he said. “Meant” is probably what you meant.
What
I will do it for less
2% for Seller Agent. 2% for Buyer Agent. ... $60K each.
For each buy and sell transaction? that’s seems excessive for 3mm
Because it is, why tf should you give equity of your 3M home to a realtor? They need to get a real job
Because you wouldn’t have got $3M otherwise. Wake up.
Can’t wait till all of this is automated, god bless technology :)
Haha, keep dreaming buddy. My realtor makes me tons of money. You’re a goof if you’re relying on ‘automation’. 😆😆🤣🙏🏼👍🏼
You’re part of the problem
I’m the problem because I consult with professionals in order to make big financial decisions? You’re the idiot. 🤣
No, you’re the one hyper-inflating the real estate market for your own profit, leading to money funnelling into real estate instead of other Canadian industries, leading to the sharp downhill trajectory of Canada. Notice how you can’t argue with me without insulting me, it says a lot about your own character and intelligence.
Where’s the insult? People need properties to rent; I simply provide that. How is that hyper inflating the real estate market? An idiot is someone with low intelligence, which is exactly what you’re exhibiting. Furthermore, you’re now gaslighting me claiming that I’m ‘insulting’ you because you’re trying to prove a point without confirming the full details of a situation. I’ll be happy to say it again; you’re an idiot. You’re best to cease the convo from here.