Looking for real estate advice

BunsenBurner
Tue, 06 Jan 2009 14:49:25 +0000

jasmom, that sounds correct. A realtor’s job is to move inventory. While $5K price difference is $5K added to or subtracted from the sellers’ pocket, it only translates into 6% ($300) commission to be split between the seller’s and the buyer’s agents’ firms. For the agent, it is not worth showing the house for a few more months to get a part of that $300.

In 1999, we had to fight with our realtor to list our first house at $15K higher than his suggested price. He already had a client with a price range in mind, and thought he can sell our house to him on the spot. We insisted, the house got into the MLS, and sold in 4 days. We kept it on the market until the closing.