Realtor Commissions

[SC4EVA]

I know the old standard was 6% but what’s the best rate you can get them to charge while still getting good service?

 

[SC4EVA]

Also I know I asked about Mortgage Interest rates recently and it was agreed that 6.375/6.38% would be a good rate now. Is that factoring in buying 1 point? - My broker said they waved the origination (point fee?).

 

[cindylou]

the lowest I've ever gotten was 5 - but sometimes you can work out a deal if the house you are buying does not have a realtor

Its a lot of money they get huh? lol

buying and selling a house? You can get a deal sometimes if the realtor actually brings the buyers in too - so it all depends

 

[SC4EVA]

Well the realtor I am looking at listing with is the one I am already buying with. They represent the builder on a new construction condo complex. (He's only giving them 3%)

They say their standard rate is 5% but will give me 4.5% because of the other transaction. According to their marketing plan, etc they appear to be very pro-active.

 

[cindylou]

Well the realtor I am looking at listing with is the one I am already buying with. They represent the builder on a new construction condo complex. (He's only giving them 3%)

They say their standard rate is 5% but will give me 4.5% because of the other transaction. According to their marketing plan, etc they appear to be very pro-active.

damn - round here it is 6 percent, and I got 5 as a favor from a relative.

So if you get 4.5 I think thats a pretty good deal.

I sold and bought my last homes during the housing boom - could be different now

 

[SpyWizard]

$995 for a listing.. best price..

 

[slat1]

6% is standard.
When we cobroke we split it 50/50.
If we do a deal direct without another broker its 5%.
If you find someone who you are not related to that will reduce their commission you probably will not want them to represent you anyway!

 

[SC4EVA]

So I am guessing I probably should take this listing and get rid of this apartment already.

 

[jnevin]

6% is normal. If you found someone willing to do it for less, they probably aren't that good.

6.375% with no points is a good deal. Have your loan officer lock it and get you the lock in agreement.

 

[SC4EVA]

6% is normal. If you found someone willing to do it for less, they probably aren't that good.

6.375% with no points is a good deal. Have your loan officer lock it and get you the lock in agreement.

I was 'told' that the rate is with a point which they are waving b/c I am a repeat client.

I can't lock my rate now b/c the unit won't be ready for more than 90 days. Any chances it will drop once again?

 

[dead_reggin_storage_fashi]

I was 'told' that the rate is with a point which they are waving b/c I am a repeat client.

I can't lock my rate now b/c the unit won't be ready for more than 90 days. Any chances it will drop once again?

6.375 is good with no points. that is a 30 day lock. you can get a 60 day lock and we offer a 90 day lock but the longer the lock there is a price hit.

are you buying NJ?

have you noticed home values are down there?

 

[jnevin]

I was 'told' that the rate is with a point which they are waving b/c I am a repeat client.

I can't lock my rate now b/c the unit won't be ready for more than 90 days. Any chances it will drop once again?

They were jerking you off when they told you that repeat customer thing. You could get 6% today if you pay a point. You could even get that with a 60 day lock.

 

[SC4EVA]

6.375 is good with no points. that is a 30 day lock. you can get a 60 day lock and we offer a 90 day lock but the longer the lock there is a price hit.

are you buying NJ?

have you noticed home values are down there?

Yeah in Northern New Jersey -

 

[jnevin]

They were jerking you off when they told you that repeat customer thing. You could get 6% today if you pay a point. You could even get that with a 60 day lock.

6.375% pays 1.8 on the back today. It's pretty fucking good.

 

[Jon79]

I know the old standard was 6% but what’s the best rate you can get them to charge while still getting good service?

can always negotiate with them....

if you are worried about it go with a national discount broker like zip realty they actually give the client 1% back at closing

 

[SC4EVA]

Have some appointments to check out some other places - Think they may be jerking me around a bit with the pricing.

 

[calveless wonder]

you're buying? It's not coming out of your pocket..although it will reflect in the purchase price.

you're very unlikely in today's market to get into a legitimate negotiation over fees/commissions etc because of how hard it is to sell properties right now, at least when talking about an experienced realtor that knows what they're doing.
back when there was significant volume in sales there was alot more competition and wiggle room (they could take 2% on each side).

like slat said, those who start squabbling over fees and what not usually get what they deserve...someone who has no clue what they're doing

 

[SC4EVA]

True - the more painful realty appears to be the $ of the comparables. Some people in my building made some bad deals when leaving and now I may be f'ed