Do you see this too? 4% commission for the selling agent on a bank owned property in Saint Petersburg Tampabay.
Over the last few weeks I see more and more 4% commissions for selling agents when it comes to REO properties.
To say the least, here in Saint Petersburg Tampabay we have a very challenging real estate market.
Regular sellers try to negotiate the lowest commission possible with their listing agent and now on top of being up against extremely low asking prices these sellers also have to face a 4% commission to selling agents on bank owned properties in our Saint Petersburg market. Never a dull moment in Real Estate.
Do you see the same trend in your area?
- If you think about buying or selling a house or condo in the Treasure Island Florida or the St. Petersburg Tampabay area, please give me a call.
- Ask me about waterfront homes or condos in St. Pete beach, Treasure Island, Madeira beach, Seminole and St. Petersburg Tampabay neighborhoods.
- Find out what we can do to sell your home or condo and what the value of your property is.
- Check out great real estate deals or visit condo associations like Seminole Isle.
- We also work with Short Sales, bank owned and foreclosures .
- Find a property or go to my website for more real estate information or simply contact us. 727 410 7777
Anne Hensel | Real Estate Broker in Teasure Island St Petersburg
Call today 727 410 7777
Anne,
Wow! 4%! I have 3 co-listings on REO properties with my Principal Broker and the bank is only giving us, the the selling agents 2%. They offer the buyer's agent 3%. And as the selling agent there is so much work. We, too in Kauai, Hawaii have a very challenging market with number of sales at record low levels and median sales prices way down, too.
Carol
Anne, many of foreclosures here in DFW area are from 3% or less. Then wonder why they sit there. 4% are rare in this neck of woods
Anne - just make sure you actually GET it! I had one that said 5% on a REO - it closed out of state and I got a grand - we could do nothing about it - I stay away from REO and short sales as much as I can now - not worth the pain in the neck!