Gainesville Case

Gainesville Case

One common expense that goes along with selling a home is paying real estate commissions. While real estate commission rates are hardly "set in stone", they average is 6 percent of the sales price in a typical sale. However, many sellers in a down market will try to maximize their net profit and negotiate commission down with an agent. In fact, I know many agents willing to reduce commissions down to 4 percent, giving a buyer's agent the standard 3 percent and taking only 1 percent for themselves. Yet, in all of my conversations with seller and with agents, reducing commissions can come with a price all its own. Volume Professional real estate agents take their careers seriously. If your agent is willing to reduce his commission, it is ... Show more content on Helpwriting.net ...I had spent about a year researching various places to move and I identified Gainesville as a great place, a conclusion also reached by Money Magazine in 1995. One of the reasons I thought Gainesville would be a good move was the low cost of housing. My first purchase was a mobile home, on a one acre lot, in a nearby city. That worked out very well. The seller's agent made a mistake at closing that saved me $2,500 on what was supposed to be a $28,000 transaction. The mortgage was five years and paid off on time. I still own the lot though the mobile home is no longer there. A couple of years later I bought my first house in Gainesville. I grew up in New York City. Half a million dollars would not buy the attached house with the postage stamp sized backyard I grew up in. I also lived in Boston in the 1980s, where $250,000 would buy a large, though very chic walk–in closet. My first house in Gainesville was on the city line and cost me $40,000 in a private, owner financed sale. It came without an A/C system but a small window unit made up for that. It sat on a 1/4 acre lot, virtually unheard of now in Boston or New York. I paid 10% down and got a 30 year mortgage at a very acceptable rate of 6.5%. Over the next couple of years I bought, and still own, three more houses in the same way. Two are on the same block as my original house and one is on the next block. In 1998 few people thought any of the houses would ever sell

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