Originally Posted by
PurpleTail
Was this a typo?
At a minimum, in good times, selling a home by owner will cost you 3% to the buyers agents. In today's market most people are spending close to 10-12% with incentives, closing cost and agent fee's. In California I have seen up to 7% co-op to agents bring in a buyer.
Not a typo --- but admittedly, what it costs on the "low end".
I've sold 2 homes myself in "so-so markets" and both have cost me about 4% total each time.
I think your assessment of 10-12% in any of the "sand states" - California, Arizona, Nevada & Flordia --- where the vast majority of the real estate bust is occuring --- is spot on!