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Metro Detroit is #1 in the first quarter in foreclosures.

April 30th, 2007 1:27 PM

Another black eye for the Metro Detroit housing market was announced last week as RealtyTrac, an online marketplace for foreclosed properties announced that out of the countries 430,000 foreclosure filings, Metro Detroit led the country with one out off every 51 households in foreclosure. The nations quarterly foreclosure average was one in 264 homes. Las Vegas was number #2 with one in 57 homes in foreclosure.

Posted by Jeff Duneske on April 30th, 2007 1:27 PMPost a Comment (0)

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To offer bonus commissions to selling brokers?

April 17th, 2007 12:13 AM

A questions I am asked occasionally by my sellers is to offer a bonus commission to the buyers agent.

The market standard is to offer out 3% commission to buyers agents that procure a buyer for a home sale. Sometimes listing agents suggest to offer out bonus commissions such as 3.5% or 4%.

Although this may help some agents to show your home as a priority, the final decision is still always up to the purchaser. You may find an agent to try to sell the benefits of your home more since they are getting a bonus, but the buyers agents first priority should always be to put their clients best interest first.

Posted by Jeff Duneske on April 17th, 2007 12:13 AMPost a Comment (0)

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