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Author Topic: How much do I charge in this Situation  (Read 5508 times)

Offline deepvoice75

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How much do I charge in this Situation
« on: April 27, 2004, 01:36:23 am »
I located a property that I got under contract for $220,000.  It needs about $175,000 in rehab and will be worth $600,000.  I have a cash buyer who I can assign the contract to.  What should I charge for an assignment fee.  What should I charge on a general basis percentage wise?  What is fair?

Offline Heather_Tx

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Re:How much do I charge in this Situation
« Reply #1 on: April 27, 2004, 02:16:46 am »
whatever will  putcash in   your pocket!!!

Offline Heather_Tx

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Re:How much do I charge in this Situation
« Reply #2 on: April 27, 2004, 02:18:41 am »
If it were me.............I would try for about 25K............butwouldtake whatever  I could get....... I wont elabriate,since my spacebar is about to drive menuts.





Offline deepvoice75

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Re:How much do I charge in this Situation
« Reply #3 on: April 27, 2004, 10:28:11 pm »
Thanks, so you would basically charge 10% of what my purchase price is?  Is that standard, or am I suppose to take this on a case by case situation

Offline tedjr

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Re:How much do I charge in this Situation
« Reply #4 on: April 28, 2004, 07:41:03 am »
Howdy Deepvoice 75:

There is nothing standard in the real estate business especially when it comes to fees and commissions. If Realtors talk of standard commissions they are subject to losing their license. The Federal Trade Commission frowns upon fee and price fixing.  If you ask for that amount be prepaired to take less. The rehab investor has a lot of expenses and risk in buying and holding and reselling and will be trying to get as good a deal as possible.  If there is a way to get the property under contract and resell it at a higher price and do a double closing you will have a better chance  making a larger  profit

Good luck and thank you,
Ted P. Stokely Jr
11505 Sw Oaks
Austin, Texas  78737
512-301-9171 home
512-587-6177 mobile

Ted P. Stokely Jr

San Antonio, Texas

 




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