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Updated about 2 years ago on . Most recent reply
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Use an agent to sell lots?
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!
Most Popular Reply
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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.
- Russell Brazil
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- Podcast Guest on Show #192
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