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Author: tigemac Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 127234  
Subject: Re: Realtor Question: For Sale or Rent? Date: 7/9/2005 11:59 PM
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Thank you for the time you took to reply. I have to say however, that there are several important facts I believe you missed in my original post.

First, we are using the same realtor that is closing our new home we are closing on the end of the month. He is making about $13,000 on that deal. Thus, we have a good relationship with him and he is willing to cut us some slack on the back-end (i.e. selling our existing home at 1% commission). He is not a "discount" realtor by any means...he is just giving us a break since he made so much on our new home purchase.

Second, we are not trying to cut costs. We are trying to cover our bases and ensure that our home gets sold OR rented. If a realtor wants the commission I would think he/she would have incentive to get it sold more quickly if there is the potential that it may rent if they do not make enough effort to get it sold.

All this said, our preference is that the home sells. If it does NOT sell then what? Let it sit on the market empty for 9 months until next spring? Not a financial option for us unfortunately.

What I am looking for here is information on how someone has gone about negotiating such a situation with a realtor before (home for sale or rent), what were the terms, and how did it turn out?

Thanks!


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