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Please add 3 and 4 and type the answer here:
Mortgage Rates
30 Yr FRM 4.83% -0.08%
15 Yr FRM 4.32% -0.04%
1 Yr ARM 4.35% -0.11%
5/1 Yr ARM 4.25% -0.04%
30 YR Tres 4.30% 0.01%
Fed Prime 3.25% 0.00%
Q: Our house has been on the market for months now and because of the economy we would like to take it off the market and keep it. Should we offer to pay our realestate agent any money for the time and cost he as put into it (re: advertising, etc)?
  • Unless your listing paperwork provides for early withdrawl fee's or compensation, the answer is No. It does cost brokerages a lot of money to promote a given property and that money is lost if the property is either withdrawn or just doesn't sell, part of the cost of doing business in real estate.

    While my answer is general there are numerous brokerages accross the USA that charge any number of fee's not only for early withdrawl but in some cases an up-front listing fee to offset advertising costs. In this unsure market of today no one knows the probability for a given property selling and it will probably be some time before we see some resembulance of the "old days".


    Answer Submitted on Mon, Dec 8 2008

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    Answer Contributed by: Tim Cherry
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