本文发表在 rolia.net 枫下论坛He might have saved $18000 commission, but he could've sold for $20000 more by selling through agents.
=> but he (also) could have sold the house by $20000 more through an agent.
A recent real world example: Listing agent is a friend of the seller and agreed to not charge buyer's agent commission. So it's like a private sale + listing agent commission. There're over 50 showings. All but one buyer acted through an agent. There're multiple offers. The lone private buyer did make an offer. However, his offer is a lot less than the highest offer. Had the seller sold to this person, he indeed would have saved the 2.25% commission, but he would have made $13000 less overall.
=>the listing agent is a friend of the seller's and agrees not to charge him/her on buyer agent's commission...The only private buyer...his offer is significantly less than... Had the seller sold the house to this person, indeed, he could have saved 2.25% on commision, but in that case, he would ...
I know at least 2 houses which failed to sell privately and later sold through agents. There're many issues with private sale.
=>I know at least 2 houses that were not sold privately and later had to be sold... Therefore, there're many...
The biggest one is lack of advertising. Most buyers search on MLS only and you'd miss probably 90% of the market. Even if a buyer looks outside MLS, he may not be able to find your house. There're many private sale operators out there. Most have really bad web interfaces. Earlier this year, I knew a house was for private sale but I couldn't find it at any of the private sale web sites I know. Later the owner hired an agent and lowered price.
=> ...I couldn't find it on any ... I knew of.
Another problem is that people who look for private sales usually want good deals. They're likely to pay less than the general buying public, even beyond his share of the commission savings.
=> Another issue is that people who look for selling privately...The would likely to pay less than the general buyers would...probably lower than his share...
The biggest commission expense is for the buyer's agent. In theory, private sale should only save you the listing agent's commission which is probably only $6000 out of the $18000 total. If you refuse to deal with buyers who have agents, then you'd give up more than 90% of the market. I once checked 100 sales on MLS, 95 of them had a buyer's agent.
=> The largest share of commission goes to...in total.
IMO, you probably save money through private sale but the saving is probably a lot less than you think. Is it worth the trouble and the risk of not selling your house in time?
=> you probably have saved... than you thought.更多精彩文章及讨论,请光临枫下论坛 rolia.net
=> but he (also) could have sold the house by $20000 more through an agent.
A recent real world example: Listing agent is a friend of the seller and agreed to not charge buyer's agent commission. So it's like a private sale + listing agent commission. There're over 50 showings. All but one buyer acted through an agent. There're multiple offers. The lone private buyer did make an offer. However, his offer is a lot less than the highest offer. Had the seller sold to this person, he indeed would have saved the 2.25% commission, but he would have made $13000 less overall.
=>the listing agent is a friend of the seller's and agrees not to charge him/her on buyer agent's commission...The only private buyer...his offer is significantly less than... Had the seller sold the house to this person, indeed, he could have saved 2.25% on commision, but in that case, he would ...
I know at least 2 houses which failed to sell privately and later sold through agents. There're many issues with private sale.
=>I know at least 2 houses that were not sold privately and later had to be sold... Therefore, there're many...
The biggest one is lack of advertising. Most buyers search on MLS only and you'd miss probably 90% of the market. Even if a buyer looks outside MLS, he may not be able to find your house. There're many private sale operators out there. Most have really bad web interfaces. Earlier this year, I knew a house was for private sale but I couldn't find it at any of the private sale web sites I know. Later the owner hired an agent and lowered price.
=> ...I couldn't find it on any ... I knew of.
Another problem is that people who look for private sales usually want good deals. They're likely to pay less than the general buying public, even beyond his share of the commission savings.
=> Another issue is that people who look for selling privately...The would likely to pay less than the general buyers would...probably lower than his share...
The biggest commission expense is for the buyer's agent. In theory, private sale should only save you the listing agent's commission which is probably only $6000 out of the $18000 total. If you refuse to deal with buyers who have agents, then you'd give up more than 90% of the market. I once checked 100 sales on MLS, 95 of them had a buyer's agent.
=> The largest share of commission goes to...in total.
IMO, you probably save money through private sale but the saving is probably a lot less than you think. Is it worth the trouble and the risk of not selling your house in time?
=> you probably have saved... than you thought.更多精彩文章及讨论,请光临枫下论坛 rolia.net