I'm flipping my first house which will be ready to put on the market a week from now. Here's my dilemma; picking a Realtor! This house is located in a diverse area with about a 50/50 mix of Hispanic and Caucasian families.
Option One: A Realtor who works with investors and was referred to me by the wholesale brokerage that I bought the house from. She will charge me 1% for basically just listing the house on the MLS and handling negotiations OR she will charge me 2% and do an "email blast" to other realtors on a weekly basis and pay for a professional photographer to take pics of the house.
Option Two: A Realtor who sold my own personal townhouse and was very professional ad did a great job but will charge me about 2.4% commission.
Option Three: A Realtor who sold a nearby house to the one I'm flipping for slightly over the asking price, is bilingual and specializes in selling to Hispanic families. I've not discussed commission with him but would be willing to use him for 2%.
I figure that for each percentage increase in commission, it will cost me approx $1700-1800.