All Forum Posts by: Neil Hohmann

@Grant Tallmadge — Thank you for the update!

@Anne Kimble — Thank you for the quick response! Great to hear it's been rented. Good luck!

@Anne Kimble - We're considering reaching out to RES to manage a condo we have in Denver. Have you spoken to them? If so, any initial thoughts or experiences to share? If not, did you find another property manager you can recommend?

@Grant Tallmadge - How about now? Still happy with RES? (Ha.)

Thanks, Matt. I appreciate your thoughts. 

Boom...great response! Thanks, Joel.

Hello! We're planning on putting our Denver 2bed/2bath condo on the market soon. We're currently discussing it with an agent in Denver. She's asking for 3.2% for her commission and 2.8% on the buyer's side. While 6% total has been standard over the decades, I was under the impression that 2.5% each was more common now. What's the trend for Denver, Colorado? 

Also, If the agent represents BOTH the buyer and seller, is it reasonable to ask that the total commission be capped at 4%. If so, how can I word that request?

Another question -- if the agent is saying she will have it staged and professionally cleaned, can I expect to be billed separately for that, or is it common to wrap that into the commission (the 3.2% she's asking)? (I realize that question needs to be directed at her -- but just curious if there was a norm in Denver.)

Finally, any experienced agents on BiggerPockets interested in listing it? If so, would you do it for 2.5%? The market value is around $200,000. Though I imagine it could go for as low as $190K-$195K. New flooring was just put in the unit. It's in Denver proper -- but about a block or two from Aurora. Recent comps are in the $200K range. There are 3 others (in the same complex) currently on the market between $195K-$225K.

Thank you!

We had a sewer scope performed on the property and there were no apparent problems with the line (no roots, damage, etc.)

As far as the radon test, we didn't have to perform one since we later discovered the house already had a mitigation system in place -- so obviously it tested high in the past. 

In the end, we passed on the house due to other problems that turned up on the inspection report.

Thank you, Andreas -- I appreciate the insight.