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Updated almost 4 years ago on . Most recent reply

User Stats

17
Posts
5
Votes
Corbin H.
  • New to Real Estate
  • Washington
5
Votes |
17
Posts

First Time Selling a Rental

Corbin H.
  • New to Real Estate
  • Washington
Posted

Hello, This is my first time selling a property. I purchased a home in Tacoma, Washington very low in 2013. I am attempting to sell the home now with an agent for a substantial markup. My tenant wants to make an offer on the home 2 months from now. I spoke with my listing agent about holding off on the listing until June. I'm getting some of the red flags I've read about in the BiggerPocket books about the agent. Being rushed to complete documents, confusing my property with another, etc. I just don't have enough experience to know if I'm getting the best deal or being over cautious. 

1. Does a listing agent fee of 4% and buying agent fee of 2.5% sound correct for this area?

2. Can I legally install the keybox as well as show the home while I have a tenant inside the property or do I have to wait for them to vacate? 

Any advice would be appreciated. 

-C

Most Popular Reply

User Stats

38
Posts
27
Votes
Nicole Lee
  • Real Estate Agent
  • Phoenix, AZ
27
Votes |
38
Posts
Nicole Lee
  • Real Estate Agent
  • Phoenix, AZ
Replied

As an agent helping you sell, they should be able to provide comps of homes that have sold nearby recently. This should give you a idea of what your place should sell for or close to. Commission is typically 6% and it seems you are 6.5%, that is something you can discuss with the agent. The split between your agent and buyers agent can be whatever is agreed upon. Lately I've been getting 2.5% as a buyers agent because its a sellers market. 

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