I have a new “million dollar listing“.
Before you congratulate me on my pending fortune, consider this, using easy math:
Sales price of $1,000,000
My company’s commission: $30,000
Referral commission: 35% … so now we’re working with $19,500 –
Cut that $19,5 in half = $9,750
Take taxes out – $6,825
Take expenses out – maybe $5,000
If it takes a year to sell … It’s just not that profitable.
Call me a hypocrite, but … it is the second “million dollar listing” I’ve had – furthering one of my goals for 2007 – to work in a higher price range.
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I have been been representing buyers and sellers in Charlottesville, Albemarle, and Central Virginia since 2001. Get local insight born of experience.
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