Real Estate Views from St Pete

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Developer commissions

We've all blogged and commented a lot about the high commissions builders and developers are offering on inventory homes, that some developers pay an increasing fee for each sale you put together in their development, and other incentives they offer. This weekend I was invited to tour two new developments in the Orlando area, so my husband and I went up for the weekend. It was interesting that one development offers a 3% selling commission - but - if you sell to an international client your commission goes up to 7%!  I found that a very interesting concept, and one I had never encountered before.

Sharon Simms, Real Estate Agent serving St. Petersburg, Florida, the Gulf Beaches and the Tampa Bay area.    

3 comments • Sharon Simms St Pete FL - CRS CIPS CLHMS RSPS • September 25 2006 05:57PM

Comments

That is interesting Sharon. I never heard of that. I wonder why they prefer international buyers. Maybe more all cash deals.  
Posted by Mitchell Hall NYC Real Estate Broker (The Corcoran Group) over 5 years ago

I have actually seen that many times. Reasons could be: They are selling a furniture pack on top of the deal. They do property management.

You can be sure they are profiting in some other area of the transaction.

Posted by Bryant Tutas-Tutas Towne Realty, Inc over 5 years ago
Bryant - interesting. I hadn't thought of those. I thought it might be because international clients often refer their friends so one sale could turn into several.
Posted by Sharon Simms St Pete FL - CRS CIPS CLHMS RSPS (ALVA International, Inc.) over 5 years ago

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