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

To: Wyätt Gwyön who wrote (6836)	11/14/2002 12:21:09 PM
From: GraceZ	Read Replies (2) \| Respond to of 306849

All this talk about commish reminds me that one of the reasons I got my present house at such a huge discount. The sellers were pretty discouraged after a year and a half of trying to do a sale by owner at the wrong price. House was empty all this time and everyone who looked at it thought there had to be something wrong with it because it had been on the market for so long. When they couldn't face heating an empty house for another winter they finally broke down and got an agent and sold it to us within two weeks. So in an attempt to save the commish, it cost them a lot more and they wound up paying one anyway. They did negotiate a lower commish with the agent though. This was in a buyers market back in '93 and who knows when we'll have those conditions again.