Comments for Real Estate

Comment on How is the realestate market doing in chennai? by Mynuddeen Ibrahim

Mynuddeen Ibrahim — Thu, 26 Jan 2012 11:00:59 +0000

now Rs.350 /sq ft
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Comment on When a homeowner hires a realtor to sell a home, do they make any money? by Use Your Noodle

Use Your Noodle — Thu, 19 Jan 2012 10:27:59 +0000

The realtor only gets a small commission for selling the place. After the mortgage balance is paid off and all fees associated with selling the house, then the seller is given the balance.
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Comment on When a homeowner hires a realtor to sell a home, do they make any money? by the kid

the kid — Thu, 19 Jan 2012 10:21:59 +0000

The homeowner gets what is left over after the mortgage is paid, the commission is paid, etc.
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Comment on When a homeowner hires a realtor to sell a home, do they make any money? by Single man with a BMW and women

Single man with a BMW and women — Thu, 19 Jan 2012 10:02:59 +0000

Well there are a bunch of people who all get their cut. In layman's terms There is the broker and the agent(s). Upon signing the contract with a real estate brokerage a.k.a real estate company a percentage of the sale is agreed to be paid to them and others I will cover in a sec, Upon the sale the broker gets all the money from the percentage and then the agent gets paid. BUT if the listing agent and the selling agent are not from the same brokerage then they split it half and half between the two separate companies . That's pretty basic there are lots of little other people who get paid and then there are the bills that have to be paid life for the office, phone and supplies excedera..
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Comment on When a homeowner hires a realtor to sell a home, do they make any money? by Mom

Mom — Thu, 19 Jan 2012 09:35:59 +0000

The realtor gets 6%. Any profit remaining goes to the seller
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Comment on When a homeowner hires a realtor to sell a home, do they make any money? by Irv S

Irv S — Thu, 19 Jan 2012 09:30:59 +0000

The Realtor contracts with the seller for either a fixed fee or a percentage of the sale price.
You needn’t let him dictate the all conditions of your contract with him..
Another important factor is whether the listing is ‘exclusive’ to one Realtor or not.
You can get several to compete to bring you the best price.
The fee is negotiable, as are contract conditions, so haggle and this is one of the
biggest deals you will ever do so know what you’re signing.
( An hour’s briefing on what to watch out for, from a local Real Estate Lawyer
would be a good investment. A couple of hundred that could save you thousands.
Listen and take notes.)
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Comment on When a homeowner hires a realtor to sell a home, do they make any money? by Jeff S

Jeff S — Thu, 19 Jan 2012 08:57:59 +0000

The realtor gets 3% of the selling price (typically). The rest is for the owner.
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Comment on What happens when you go to a realtor for a house to rent? by ibu guru

ibu guru — Thu, 12 Jan 2012 06:23:59 +0000

RE agents typically only handle the larger and more expensive properties. Since their commission, paid by the owner, usually ranges from one month's rent to 10% of the contract value, it is not cost-effective to represent anything less than the top end. Also, landlords of smaller, cheaper properties simply cannot afford to pay real estate commissions/fees. If you are looking for a high-end property in a fine neighborhood, you need to go through a realtor. They get financial data, references, credit reports, etc, for the landlord and handle viewings (usually after screening prospects). Otherwise, you are better off dealing directly with the owner/landlord.
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Comment on What happens when you go to a realtor for a house to rent? by glenn

glenn — Thu, 12 Jan 2012 05:55:59 +0000

Some Realtors specialize in this. Most do not think there is enough money involved to do this. But their pay comes from the landlord- you would not be paying.
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Comment on How to access toronto real estate property data base that the realtors use? by Landlord

Landlord — Sat, 07 Jan 2012 09:21:59 +0000

You have to obtain a real estate license, and be hired by a broker, at that point you pay to join the real estate board, and you pay for access to the data base.
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