She wants 6% and promising excellent sales price .... what do you guys think about selling with REDFIN?
5 replies (most recent on top)
List it yourself. Realtors are a rip off.
Anonymous180264, good info. I assume these rich kids go to private school though! Until college.
Anonymous180256. Its about an even split between professionals here and overseas buyers that have a lot of cash. Half of those buyers from overseas buy a home because their kids are going attend ucsd and so they want a place to stay when they visit and their kids will live their after the first year out of the dorms. Most are putting close to 50% down at least, with the intent of taking advantage of the ridiculous confirming low rates. One guy almost fell out of escrow because there was a delay in his loan, so he ended wiring the remaining balance from his parents overnight. Pretty funny if you ask me. But again, foreign purchases account for only about 30% of total purchases, and most concentrated in the $1million+ homes. So it'd not going to impact the housing markets for most first time buyers unless you happen to be shopping in the $1million+ category. Typically, purchases are in the areas with the best public schools. Looking at the latest state school test results, you can guess where the bulk of the purchases will be. North county coastal.
@Anonymous180221, i'm sure KYC doesn't apply to RE, but do you (or broker lady) have some idea what percent of those all-cash buyers are wealthy folks working in US and living in those homes vs. purely foreign investors parking money in stable US assets?
Lol, one of the brokers I work with a lot (Asian RE broker) charges about 4% after rebates. Plus she has a much better clienttele, since most of her buyers are all cash buyers.