Saturday, January 4, 2014

Does it matter who you list your house with?


Q: Does it matter who you list your house with?
A: It can make a difference to the Seller at the time of sale.  (The buyer doesn’t care who it’s listed with.)  In the following examples, assume that the house sells for the full price of $150,000.

1.  Seller lists house with Company ABC at a price of $150,000 with a sales commission of 6% of the selling price.  Seller sells house.  Pays a commission of $9,000.  Seller saves $00.00.

2. Seller lists house with Michael Dixon Realty, same price, same commission. Seller sells house.  Buyer comes through Michael Dixon Realty, not a second company.  Commission reduced to 4%.  Seller saves $3,000.    

3. Seller is a member of the Chamber of Commerce.  Lists house with Michael Dixon Realty, same price, same commission.  Buyer comes through Michael Dixon Realty.  Commission reduced to 3%. Seller saves $4,500.

 

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