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Updated about 2 years ago on . Most recent reply

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Christine Hull
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Use an agent to sell lots?

Christine Hull
Posted

I've been working on subdividing 5 lots in a country neighborhood that I've created. I am ready to sell but still not sure if I want to try and sell them FSBO or just go with a realtor. If I do choose the realtor route, is the standard 6-7 percent commission fee different (lower) for multiple deals? If I sell each lot for $165,000 that is a potentially hefty amount to pay the real estate agent...to the tune of $57,000! Is it normal to negotiate a commission down to 3-4% or would that be insulting? I've dumped a TON of money into this subdivision all ready and don't want to see my profits go down the drain but also have little experience doing FSBO. Thoughts please!

  • Christine Hull
  • Most Popular Reply

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    Russell Brazil
    • Real Estate Agent
    • Washington, D.C.
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    Russell Brazil
    • Real Estate Agent
    • Washington, D.C.
    ModeratorReplied

    Not sure where in the country you are, but Id expect to pay a higher commission than that due to the low price points as well as the need for a land specialist.

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