Continuing the subject of my previous post I thought our readers would be interested in seeing the list of the commissions currently being offered by area builders. Each month our friends at Coldwell Banker Plummer & Associates, Inc. compile such a list and make this information freely available at the following site: http://coopbuilders.cbpa.biz/
A quick scan of November numbers show about 2/3 of the builders offering 3% commission to the Buyer’s broker; ~20% offering 4% to the buyer’s broker; and six offering 5% – 6%. It should also be noted that ~5% of the builders are offering 2.0 – 2.5%.
smarten
So armed with this knowledge [after all, isn’t this in part the reason for this blog?], isn’t it appropriate for the non-licensee to offer less [equivalent to the buyers’ commission] than a builder’s published sales price?
In fact as I think about it a little more [now you licensees out there should play out this query to its logical conclusion], isn’t it appropriate to do the same thing where the listing agent ends up representing both sides to a transaction?
Move to Reno?
Looking at the data, it appears that radon gas is a concern in the Reno/Sparks area, especially the higher one goes in the Sierra mountains. Is testing for radon gas a common item in real estate purchase contracts in Reno or is this subject not well known by potential buyers?
Diane Cohn
Non-licensees: Sure, offer less & good luck!
Regarding Radon: Yes, it is an issue the further up the mountain you go… granite seems to retain and magnify. If you are looking at purchasing a home with a either a full or daylight basement in this area, definitely do the radon test. With a crawl space only, not so sure…
Move to Reno?
From what i’ve read, anybody with a “slab on grade” foundation should have the radon gas test done, especially if they live in the Reno area. Even some crawl-space houses can have high readings. Everyone should have their house tested to be on the safe side. 20,000 people a year die from lung cancer caused by radon gas.
Have you had your house tested, Diane?