08-25-2014, 08:19 PM
I understand all realtor commissions are negotiable.
We had a letter from a realtor a few years ago asking to list our vacant lot in HPP for 8%. I think houses are normally 6% commission and when I questioned one realtor she said she would list a house for 5%. You have been quoted 10% for a lot? I don't get this, it must be so easy to sell a lot as a realtor - you just drive your buyer to it, he/she looks at it and decides if they want it or not. There is nothing much else to see but what you can see. Selling a house must be more complicated. Why do realtors ask for so much commission to sell vacant land?
I would just list it for sale by owner or pay the $500 or so fee to put it on the MLS yourself and then give potential buyers directions if they want to go have a look. You could save yourself several thousand dollars, I would think. Or maybe csgray will buy it and you won't have to worry about any commissions
We had a letter from a realtor a few years ago asking to list our vacant lot in HPP for 8%. I think houses are normally 6% commission and when I questioned one realtor she said she would list a house for 5%. You have been quoted 10% for a lot? I don't get this, it must be so easy to sell a lot as a realtor - you just drive your buyer to it, he/she looks at it and decides if they want it or not. There is nothing much else to see but what you can see. Selling a house must be more complicated. Why do realtors ask for so much commission to sell vacant land?
I would just list it for sale by owner or pay the $500 or so fee to put it on the MLS yourself and then give potential buyers directions if they want to go have a look. You could save yourself several thousand dollars, I would think. Or maybe csgray will buy it and you won't have to worry about any commissions