All Topics / Overseas Deals / selling property in USA

Viewing 7 posts - 1 through 7 (of 7 total)
  • Profile photo of ivancivanc
    Member
    @ivanc
    Join Date: 2012
    Post Count: 6
    September 1, 2013 - 10:19 am

    Hi fellow forum members, 

    Is anyone here sold any properties in the US before? I am about to sell my property in Miami and wondering what the process is.

    We are currently looking for a agent to sell the property for us. but the commission is very high (6%) i am not so sure if we can negotiate on the commission and how much is a realistic discount if its negotiable. 

    Any info is much appreciated.

    Thanks 

     

    Profile photo of EngeloRumoraEngeloRumora
    Participant
    @engelorumora
    Join Date: 2010
    Post Count: 618
    September 1, 2013 - 7:53 pm

    Hi Ivan,

    Can you please give us some more details on the property.

    is it a house or condo?

    What would be your asking price? What are the expenses? What is the rent? etc….

    Thanks for your time.

    EngeloRumora | Ohio Cashflow
    http://ohiocashflow.com/
    Email Me | Phone Me

    F@#$ THE REST WORK WITH OHIO CASHFLOW TO INVEST

    Profile photo of jayhinrichsjayhinrichs
    Participant
    @jayhinrichs
    Join Date: 2011
    Post Count: 1,177
    September 3, 2013 - 3:21 am

    6%  is standard commish not many realtors will negotiate lower unless they were getting multiple listings

    Profile photo of ivancivanc
    Member
    @ivanc
    Join Date: 2012
    Post Count: 6
    September 5, 2013 - 11:36 am

    Thanks for the reply, this is a condo situated in a nice suburb in Miami.  the price is 330k or above. the rent is currently 450 weekly and the expenses is about 1300 monthly. 

    Thanks,

    Profile photo of BoughtWithEquityBoughtWithEquity
    Participant
    @boughtwithequity
    Join Date: 2013
    Post Count: 68
    October 8, 2013 - 1:40 pm

    You will find in most markets that if you want the best results…you need to pay for it!  You can expect to pay 6% to 7% in most US markets usually equally divided between the listing agent & the selling agent.  You can always try to negotiate but to attract the agents who really work to get things done…and not park it on MLS or stick a sign in the yard….you've got to pay for it.  I'm not an agent but whenever I list one of my flips with one, I offer a higher percentage to the selling agent….works like a charm to get it sold!

    Profile photo of Nich4Nich4
    Participant
    @nich4
    Join Date: 2008
    Post Count: 5
    October 18, 2013 - 4:59 am

    Thanks BoughtWithEquity,

    I am soon to sell my Atlanta investment property (house) so good to know 6% is normal.

    Nich4

    Profile photo of EngeloRumoraEngeloRumora
    Participant
    @engelorumora
    Join Date: 2010
    Post Count: 618
    October 18, 2013 - 1:46 pm

    Hi Nich4,

    Whats the reason you are selling your home?

    Thanks

    EngeloRumora | Ohio Cashflow
    http://ohiocashflow.com/
    Email Me | Phone Me

    F@#$ THE REST WORK WITH OHIO CASHFLOW TO INVEST

Viewing 7 posts - 1 through 7 (of 7 total)

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