Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Simon Obas

Simon Obas has started 101 posts and replied 196 times.

Post: Agent asking for 2.5%, is this legal?

Simon ObasPosted
  • Rental Property Investor
  • Posts 199
  • Votes 42

Hello- I asked my current agent to terminate our listing agreement. The home has been on the market over 100 days and has not sold and I only received one offer (and the buyer rescinded it the next day). the agent is saying she’ll only agree to terminate it if I agree for her to earn 2.5% commission off the next agent who takes over. Is this legal? Have you ever heard of this? She is also the broker so it’s not like I can go to her manager. What should I do? I am also located in Connecticut.

Post: Is it time for a new agent?

Simon ObasPosted
  • Rental Property Investor
  • Posts 199
  • Votes 42

@Tim G. Hi Tim. I have not hired an inspector, that’s a good idea. Yea the craftsmanship isn’t the best. It’s not horrible but it could be better and that’s what’s hurting me. Folks in this town are picky, and I would be to If I were paying $800k for a home.

Post: Is it time for a new agent?

Simon ObasPosted
  • Rental Property Investor
  • Posts 199
  • Votes 42

@Hersh Shah hey thank you. What does chasing the market mean?

Post: Is it time for a new agent?

Simon ObasPosted
  • Rental Property Investor
  • Posts 199
  • Votes 42

@Dave Skow very helpful thank you

Post: Is it time for a new agent?

Simon ObasPosted
  • Rental Property Investor
  • Posts 199
  • Votes 42

@Martin M. Thanks for replying. What’s the thinking or deactivating and relisting in feb?

Post: Is it time for a new agent?

Simon ObasPosted
  • Rental Property Investor
  • Posts 199
  • Votes 42

@Garrett Crosby thank you I appreciate this info

Post: Get a new agent or not?

Simon ObasPosted
  • Rental Property Investor
  • Posts 199
  • Votes 42

@Dan White thank you, I think this is the direction that I have to go in.

Post: Get a new agent or not?

Simon ObasPosted
  • Rental Property Investor
  • Posts 199
  • Votes 42

@Russell Brazil 69 sylvan rd Madison ct

Post: Get a new agent or not?

Simon ObasPosted
  • Rental Property Investor
  • Posts 199
  • Votes 42

@Erik Estrada she happens to be my hard money lender.

Post: Get a new agent or not?

Simon ObasPosted
  • Rental Property Investor
  • Posts 199
  • Votes 42

@Caleb Brown the agent happens to be hard money lender. She told me what to list the home at.