We have a piece of property that has a prelimanary plot of 30 home sites. what commission should we set.

This property should sell for between 1.8- and 2.5 million dollars. It is located in a popular area near Microsoft and the eastside in Duvall, WA.
In Selling Property - Asked by James B. - Jan 12, 2011
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Mohammad A.
Kuwait City, AK

seven percent

Jan 13, 2011
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Ridgefield, CT

The Bigger question is, does it have any approvals in place. Raw Land 8 to 10 percent with approval 5% in this market. Raw land is a much more difficult sale as the buyer does not know what he will end up with. Most savvy developer will make offer contingent upon Approval wouldn’t you as buyer ? Price will be drive by number of lots approved and amount of Infrastructure cost, with developer having big......

Jan 13, 2011
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Rob B.
Chandler, AZ

Dennis's previous answer to you was quite good. Keep in mind the more work you have to do on behalf of a client the higher the commission that can be charged. Also, the depth of the market dictates a commission amount. If you have a property that does not require a lot of commission push and there is a large body of cooperative agents that will contact you from a posted sign and listing on services such as LoopNet, you can charge a smaller commission. All commissions are negotiable between you and your client. In a raw land deal commissions paid can with the size property you are suggesting fall in a normal negotiating range from 4% (easier listing, less work for all) - to 10% (more work - more commission incentive required for all). Keep in mind the owner does not benefit and you are not able to go to the bank unless a deal is closed, so you should convince an owner to not let a good marketing driven incentive stand in the way of a good listing!
Good luck James..... Rob Baird, CA RE License #544165 (One of the oldest, active licenses in CA) 951 515-5855 Email: rob@capratecommercial.com

Jan 13, 2011
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