Ask The Agent: My Home Is Underwater, Commission Amount is a Crime, Advice Needed.
Q. My home is partially underwater and I really can’t imagine forking out $40k in commission. It’s almost a crime to collect that amount of money. Any advice?
A. I addressed your question fairly specifically in the video, so please take a minute to watch. I’ll be honest, if you think it’s “almost a crime” to collect “that amount of money” for services performed, we probably aren’t going to work together. My suggestion to you would be to sell your home yourself. It will be a short sale since you are “underwater” in your mortgage, good luck with that, they are a nightmare to deal with yet we do it every day. And, if you’ll watch the video, you’ll learn that in this situation, you aren’t paying any commission, the bank is.
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