https://youtu.be/IV9K_e6pLIw
An offer may be enticing on the surface, but hidden costs can erode their bottom line. Glen Whitten, a seasoned realtor with over 2,500 home sales, explains how to identify and manage these expenses. Learn about the significance of focusing on the net proceeds, the negotiable nature of contract terms, and the importance of scrutinizing every expense. Key topics include seller concessions, buyer’s agent commissions, property taxes, conveyance fees, and title-related costs. Glen also outlines negotiation strategies and the value of using multiple counteroffers to reach a favorable deal.
Which fine print terms can quietly gut your profitHow to use counteroffers and addendums to protect yourselfWhat’s changing with the NAR lawsuit and how it affects seller-paid commissionsProven strategies to negotiate thousands of dollars back into your bottom lineWhether you’re selling FSBO or with an agent, this episode could save you thousands.
Key Moments:
00:00 Introduction: Hidden Costs in Home Selling Offers01:02 Glen’s First Offer Experience03:03 Understanding Offer Reviews03:35 Key Clauses Impacting Your Bottom Line07:16 Seller Concessions Explained09:55 Buyer’s Agent Commission15:28 Property Taxes and Conveyance Fees21:26 Title Fees and Company Selection33:10 Miscellaneous Junk Fees34:30 Hidden Fees in Real Estate Transactions34:52 Document Storage Fees: A Realtor’s Perspective35:30 Pushing Back on Unnecessary Fees36:09 Seminars and Junk Fees36:36 Marketing Fees and Home Warranties37:52 Utility Holdbacks and Rent Prorations39:59 HOA Fees and Point of Sale Certificates44:02 County Requirements for Well and Septic Certification48:16 Negotiating Fees Without Blowing Up the Deal55:17 The Ackerman Method for Negotiation01:03:06 Final Thoughts and Q&A AnnouncementKey Resources:
Download the Ultimate Home Selling ToolkitFREE Estimated Seller Net SheetHow to Handle a Low Appraisal (Without Losing Your Deal or Your Mind) | Ep 41Traditional Real Estate Flaw #4: The Dual Agency TrapChoosing a Title Company: What Home Sellers Need to Know Before ListingRyan Phillips on understanding the title process in Ohio | Episode 3Selling A Property With Tenants | Ep 40Never Split the Difference: Negotiating As If Your Life Depended On It by Chris VossContact Information:
Podcast Website: TalkingRealty.comOhio Property Group: OhioMLSFlatFee.comEmail: [email protected]Associates Title WebsiteRyan Phillips / Associates Title: 614 419 2418Glen’s BlogBook: “You Can Sell It” by Glen WhittenCourse: “Living To Listing” Complete Listing PrepGlen’s Call Schedule@OhioMLSFlatFee @ohmlsflatfee Ohio MLS Flat FeeOhioMLSFlatFee@ohiomlsflatfee