I live in california and recently listed a home for sell asking price
at $495,000. (we want to sell it at $485,000) I have an offer for $505,000 but buyer want $30,000 for closing cost, so the actual selling price is $475,000 ($10,000 less then what we want) Here is the catch, Because my agent also represent both the buyer and seller (act as dual agent, which is legal in california) he will reduce his % commision to 3% instead of 5% as in our contract, so instead of selling for $485,000 and pay no closing cost to the buyer and pay $25,000 (5%) to my agent, so my net final is $460,000. or now we are selling for $505,000 with $30,000 closing cost to the buyer and pay $15,500 (3%) to my agent (because he agree to reduce his commision) my net final is also $460,000. I just want to know if we should accept to pay $30,000 to buyer + 3% to a agent would be a good deal?
2007-03-01
10:07:04
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5 answers
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asked by
ChildCare
2