The Motley Fool Discussion Boards

Previous Page

Personal Finances / Buying or Selling a Home


Subject:  Re: Five day home sale Date:  5/27/2013  8:08 PM
Author:  Rayvt Number:  125403 of 128887

Buyers who look at FSBO's *know* that the seller is trying to put the 6% RE commission into their own pocket, and insist at the very least that they get half of it. Actually, they aim to get almost ALL of it, and will make their offer accordingly. That is---low.

We once owned a house in a subdivision, and our across-the-street neighbors -- with the same exact identical house -- sold theirs FSBO. They bragged to us that they'd saved $12K of commission.
Their backed onto a park, our didn't so there's was the better location.

About 3 months later we sold ours, but went through a realtor, a new office in town who charged only 5%, in order to drum up new business. We sold our for $20,000 more than they did, and cleared about $10,000 more than them after we paid the commission.
Copyright 1996-2018 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us