Quote:
Originally Posted by winterh
I recently sold a home but did not want to pay 5%. I called a few of the top brokers in the area and said if they sold it they could have 2 1/2 %. They were willing to take it as there was no co broke but they had to have the buyer themselves. They all tried to convince me to give them the listing so they could get money even if another broker brought the buyer but they all took the deal and one of them sold it. They are desperate for listings now and many have buyers but no houses. As to an auction, I don't see it in this market. It will sell quick if its not insanely over market.
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So the realtors all took the listing as a "pocket listing?" Meaning that no one advertised it but any one of them could sell it but no co-broke? I tried that once and never had a single showing.