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Updated about 9 years ago,
New Agent in DC area
Hello group,
I've had my license for about 3 weeks now, and I'm happy to say, I've just landed my first listing. Now before you jump on me, I know this discussion forum is an "investor-based" group of topics. However I know from the responses a lot of startup investors were once realtors. So I had a few general question regarding being a selling agent.
#1 My sellers are shooting for an unrealistic price and don't want to help potential buyers with closing cost. How, as the listing agent, do I validate my commission against their closing cost? too which they are trying to avoid at all cost, even cutting my commission if they don't get their unrealistic price? And how important, in regards to buyers, are those closing subsidy costs to making or breaking a deal?
#2 A lot of "flippers" are in my hometown. Projects are going up everyday. The market is hot! What advise would you give to an agent that is looking to work with an investor? How would you approach someone (investor) with more experience and most likely license themselves or would rather do a FSBO?