Does seller really pay 6%?

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Feb 11, 2020
8:32:02pm

idacoug All-American

Does seller really pay 6%?

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idacoug

Bio page: idacoug
Joined: Mar 30, 2001
Last login: May 4, 2024
Total posts: 53,633 (354 FO)

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Messages

Author

Time

Home selling advice needed. I currently have my house listed FSBO at $245K. Most

2/11/20 8:24pm

Sounds like you have already answered your question.

OceanMang

2/11/20 8:26pm

Additional carrying costs: taxes, insurance, utilities, maintenance.

MichCoug

2/11/20 8:36pm

I would take the offer too

Joel Tilton

2/11/20 8:26pm

My professional opinion is to take the offer.

2/11/20 8:27pm

Bird in the hand

Big Wally D

2/11/20 8:27pm

I would take it. Good luck.

cougfanz

2/11/20 8:27pm

take the cash.

hebercreeper

2/11/20 8:28pm

Counteroffer at $235k

idacoug

2/11/20 8:30pm

I tried.

2/11/20 8:40pm

have you already tried a counter offer?

Nuke

2/11/20 8:30pm

Yes. They're Chinese and haven't budged an inch from their original offer, even

2/11/20 8:39pm

In that case. If you sell then you may as well surrender your passport and leave

OceanMang

2/11/20 8:43pm

$245,000 -($245,000 * 6%) = $230,300. No way... Not worth losing $300.

boogers

2/11/20 8:30pm

Does seller really pay 6%?

idacoug

2/11/20 8:32pm

Yes.

chago04

2/11/20 8:32pm

How is the breakdown? 3% buyer agent, 3% listing agent?

idacoug

2/11/20 8:46pm

Yes

Plato

2/11/20 8:34pm

It's more like I think I could sell it for ~$236K FSBO in a few months, but even

2/11/20 8:34pm

Take it. I think you’re just as likely to make less money by waiting

webster242

2/11/20 8:31pm

Are you paying any buyer’s agent fees?

2/11/20 8:33pm

No. Their realtor lied to them and told them my home was no longer on the market

2/11/20 8:37pm

If that was their initial offer I would consider countering for a bit more.

2/11/20 8:40pm

I just saw you countered already. Never mind.

2/11/20 8:42pm

Assuming you still have a mortgage, there are holding costs as well.

Duke Silver

2/11/20 8:36pm

if you say so. this entire thread takes a single position that is willfully ignorant

Bob Vance

2/11/20 8:59pm

Based off the info you gave I would absolutely take the offer and run.

RdF3

2/11/20 9:03pm

I would sell to the cash buyers.

byubyu

2/11/20 9:05pm

Sell.

kccougar

2/11/20 9:07pm

button up all the loose ends you can when you accept that offer.

BYUFBDAD

2/11/20 9:56pm

Great advice.

byubyu

2/11/20 9:58pm

I would pass on this offer entirely. Market is hot right now. Put it up and

Iman23

2/12/20 6:27am

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