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Do you see this too? 4% commission for the selling agent on a bank owned property in Saint Petersburg Tampabay.

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?

Posted by Anne Hensel Real Estate Broker St. Petersburg houses and condo for sale on 11/04/2009 08:22 AM

Comments (3)

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Originally posted at: Properties, Houses and Condos for Sale in St Petersburg Treasure Island Florida: Do you see this too? 4% commission for the selling agent on a bank owned property in Saint Petersburg Tampabay.

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3 Comments on Do you see this too? 4% commission for the selling agent on a bank owned property in Saint Petersburg Tampabay.

NOV

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

NOV

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!

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