A listing agent represents the seller, marketing the property, advising on price, managing showings, and negotiating offers in exchange for a commission, typically a percentage of the sale price paid from the seller's proceeds.
Log in to followI'm selling a tenant-occupied single family rental, probably worth around $310k, so I can put the money somewhere that doesn't call me about water heaters. Two quotes on my desk.…
I have my license coming and no book of business at all, so I've been pricing out two ways to spend the first 18 months, and they behave very differently. Seller side plan: pick a…
Six sales a year, average around $340k. Listing side runs me about 2.5%, call it $8,500 a sale, $51k a year going out the door. That's a full renovation budget on one of my smalle…
Bought at $210k, all in at about $298k including the renovation and carry. Full gut, new kitchen, new mechanicals, everything permitted. My agent wants to list at $315k. I want $3…
Sold my starter house last year to free up cash for the investing side. Three agents came through. Two of them said 428 to 442 and walked me through six comps each. The third said…
I do passive stuff and read paperwork for fun, and I've been trying to work out the real cost base of the listing business because someone in another thread said 2.5% is mostly pr…
1,340 square foot three bed one and a half bath ranch, 1958, in a first-ring suburb where the buyers are mostly people priced out of the city. Bought at $198k, put $61k into it, a…
I've been reading listing agreements for practice because I want to understand the service side before I ever sign one. The commission line is easy to read. What the seller gets f…
Listing is a 3,900 square foot custom on 1.4 acres, edge of a good school district, listed at $1,149,000 in early spring. Comps supported 1.05 to 1.12 depending on how you treat t…
Construction background, learning the money side. I run two projects a year, average sale around $340k. At 2.5% that's $8,500 per sale going to a listing agent, so $17k a year I'm…
I walked four open houses in my area on Sunday as a nosy visitor. Two had maybe six people through in two hours. One had a line at the door and the agent working the room hard. On…
I asked an agent for a blank copy of her listing agreement so I could read one before I ever have to sign one for real. The term line says twelve months. She said that's just what…
Trying to work out which side to point myself at. The story I hear constantly is that the settlement hit buyer agents and left listing agents alone, so build a listing business, c…
I sold the condo I'd lived in for nine years to fund the thing I'm slowly building. Because I read everything twice, I asked all three agents whether they'd do a tiered structure…
A neighbor two streets over is selling a 1960s split level and her listing agent has told her she doesn't have to offer anything to the buyer's side, so she's planning to offer no…
I build, mostly framing and additions, and I'm starting to look at the sell side because I want to understand who I'm handing my houses to. An agent sent me a listing agreement to…
Cosmetic gut on a 1,450 square foot ranch wrapped last week, photos are shot Friday. My agent wants to post it as coming soon for six days before showings start so the first weeke…
I'm planning to sell a small rental sometime in the next year or two and I've never sold anything before. Someone at a meetup told me the seller doesn't pay the buyer's agent at a…
A friend asked me to sit in on her listing appointments because she knows I've been poking around the service side of this business. Her house is a 1,600 square foot three bed in…
Numbers first. Selling a 3/2 at $480k, listing agent wants 2.5% for herself and recommends we "be prepared to" cover 2.5% for the buyer side, so $12,000 each side, $24,000 total o…