How does a realtor get paid when finding a renter or a lease purchaser?
I have my property listed and my realtor is mostly getting calls from people who want to do a lease purchase or rent my home. I am thinking about doing it because I am moving out of state and can’t until I unload my house. I first wanted to know how does my realtor get paid if she finds a renter or a lease purchaser? Do I pay her monthly or do I pay her commission up front for finding them?
If they buy then the realtor gets straight commision a one time deal, but if someone rents then I believe the realtor gets a little each month until they get their commission cost in full from you unless you can pay them up front if you can afford it. But if I were you I would sell your house on your own, for sale by owner, google it. My girlfriends mom did that and she sold it in 3 weeks as opposed to the previous realtor she had trying to sell the house for about 6 months. Put it in the paper even.
January 1st, 2010 at 4:37 am
Well if she only finds you a renter then pretty much all she is entitled to is the equivelent of one months rent as commission. You don’t have to pay her a standard 6% that’s only if she sells your house.
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January 1st, 2010 at 5:06 am
most get paid by commission
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January 1st, 2010 at 5:50 am
If you end up having your realtor handle this, you will have to do a separate contract with him/her. Usually it is a commission per month for property management, but you will have to ask your realtor, it depends on what scope of services they will be providing. Also depends on what state/area you are in.. fees vary.
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Realtor/Property Management
January 1st, 2010 at 6:09 am
If they buy then the realtor gets straight commision a one time deal, but if someone rents then I believe the realtor gets a little each month until they get their commission cost in full from you unless you can pay them up front if you can afford it. But if I were you I would sell your house on your own, for sale by owner, google it. My girlfriends mom did that and she sold it in 3 weeks as opposed to the previous realtor she had trying to sell the house for about 6 months. Put it in the paper even.
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January 1st, 2010 at 6:18 am
No the Tenant pays for her services.
I rather rent on my own..
I rather list it then wait for them to call
Nice to list it as open house that way they see what you are
offering never list the price as you get better results
and do not forget to mention landlord no real state involved
and it is good if you must due you have no time to do it on your own sit down and list all you expect from the Realty
& the Tenant…Go see whom you will deal with and that you see she reads what you expect then you take her and
show her your home infact it is good to photograph the
appliances and all the fixtures and plumbing
give her one set of photos as far as lease that depends on you once she is done you will use that set to present to the tenent as you hold one of your own
you are renting your house the heat and appliance and
water bill and the responsibility of the clean up is theres
the taxs is yours the water bill is theres
you clean up photograph it and present that too
no construction on your property remember the deed is
yours and they are renting in side not the property
even the porch has rules
kind of tough but you write it as you lived it
do not expect all rules to be followed as what you paid for
and spent upon it is hard to find if by luck someone you expect to had appriciate as much as you had..so I would lease by the year and write the rules and have it notrerized
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January 1st, 2010 at 6:31 am
Depends if you only have a listing to sell or also a listing to lease.
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January 1st, 2010 at 6:52 am
In Southern California, you pay her a commission of the lease aspect and a commission once the house sells to the tenant buyer. For example, 6% of the lease term and then 6% of the sales price of the house. Of course, the amount of commission, if any, is negotiable.
Regards
References :
Satar Naghshineh
California Licensed Real Estate Broker
Amiri Property and Financial Services Corp.
Irvine, CA