Cohousing-L Mailing List: Re: communities that handle property buys and sells internally?

[Alan O'Hashi (adoecos]

ann - some communities handle the real estate transactions and ‘collect’ 
reduced commissions that would otherwise be paid to real estate agents. is this 
common, and / or can sellers use their own agents?


Alan O'Hashi - Cyber Office
Views from Behind the Lens
www.alanohashi.com
Colorado..303-910-5782
Wyoming.307-274-1910
Nebraska.402-327-1652

> On Oct 18, 2019, at 3:31 PM, Ann Zabaldo <zabaldo [at] earthlink.net> wrote:
> 
> Alan — I’m wondering if I understand the question correctly — are you talking 
> about For Sale By Owner (FSBO) model home sales?  Using this model you 
> eliminate the need for an agent thereby saving 6% commission on the sale of 
> the home.   If so, what would be the purpose of retaining a Real Estate 
> agent?  You would just be incurring an agent’s fee as an expense.  Is it to 
> feel safe accepting a contract?  You can have a lawyer review the contract 
> for under $250 instead of committing thousands to an agent.  If a seller is 
> worried about getting all the paper work together in time for the closing … a 
> closing agent does all that — either a real estate lawyer or a title company. 
>  In a FSBO the seller has to handle relatively few pieces of paper.  Almost 
> everything will be pulled by the condominium management in the case of a 
> condo sale or as I said … the settlement entity will handle the paper.
> 
> Best --
> 
> Ann Zabaldo
> Takoma Village Cohousing
> Washington, DC
> Member, Board of Directors
> Mid Atlantic Cohousing
> Principal, Cohousing Collaborative, LLC
> Falls Church, VA
> 202.546.4654
> 
> "Handle every situation like a dog. 
> If you can’t eat it or play with it, 
> Just pee on it and walk away.” –Author Unknown
> 
> 
>> On Oct 18, 2019, at 4:39 PM, Alan O'Hashi via Cohousing-L <cohousing-l [at] 
>> cohousing.org> wrote:
>> 
>> Greetings - I'm wondering if communities that handle their real estate 
>> transactions for buyers and sellers internally allow owners to have an agent 
>> represent themselves. How are transactions handled?
>> Thx
>> Alan O
>> *******************************************
>> Alan O'Hashi - ECOS
>> EnviroCultural Organization Systems
>> http://www.alanohashi.com/ecos
>> Colorado 303-910-5782
>> Wyoming 307-274-1910
>> Nebraska 402-327-1652
>> ******************************************* 
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>