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[Rob Walton <waltonrp AT bellsouth.net>]

Hey all,

Working feverishly here to get my city house on the market and sold. 
Refinishing wood floors, crown molding, lots of projects getting 
finished.

I spoke to a couple of real estate people that are local and not your 
big real estate company corporate types. Liked them both. Both are 
talking about a 3% commission, normal is 5 to 6%. The way houses are 
selling here, I think that 3% is huge. It will work out to 9 to 12k.

The guy across the street closed on his house a few weeks ago, just put 
a "For Sale By Owner" sign up. There were cars slowing down to look so 
much that traffic was backed up. He got a good price.

My idea is to put up a By Owner sign, make a flyer that describes the 
house to cut down on calls. I'll get a lawyer to help make sure I am 
protected. Also put out a letter to all the local agents and let them 
know that the house is for sale by owner and I am willing to work out a 
commission with them if they bring me a buyer. I've heard that usually 
in that situation a commission under 3% is the norm.

Anybody sold by owner? I hate this situation and just want it to be 
over, but also realize that 1% of the sales price on this house might 
put in a well on my country property.

Thanks and now back to work :>)

Rob in FL