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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: MulhollandDrive who wrote (6707)	11/13/2002 1:47:45 AM
From: MSI	Read Replies (1) \| Respond to of 306849

That's for sure. I've got a land agent who normally wants to charge 10% down to 2% recently (I'm selling land next to a large development he is also representing, and got the same rate he's charging the developer), and a house listed down to 4% from the offered 7% due to its attractive location and price. Since I often have to push these guys to make sure the deal's done right regardless of commission, I decided I might as well negotiate price. I've also gone the other way, and added a 2% bonus in Oct. to try to get a sale done, fast.

To: MulhollandDrive who wrote (6707)	11/13/2002 1:52:16 PM
From: Lizzie Tudor	Read Replies (3) \| Respond to of 306849

I didn't know you could negotiate RE commissions until recently. But I have also never sold a house... I have bought 2 houses in the SF bay area and might buy a third if we get a significant decline (that is already upon us, but magically doesn't show up in the "statistics"). I was shocked when I discovered that commissions remained at 6% while housing and other assets skyrocketed around here in the 90s. Now that free money is a thing of the past, I expect pricing pressure though. L