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Kirc

What's your target fee in a CA?

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Hi; I'm thinking of charging 3% of the home price in a CA. I think this would be a good price because it's easily comparable to a realtor fee.

 

What are you aiming for in your deals?

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Each deal is different. 3% is a good starting point, but not because it's comparable to a Realtor's fee. (We're not Agents, Kirc.) I think that is pretty much the top end you can expect a t/b would be willing to risk on a Rent To Own, at least in my experience. Let the t/b talk first if possible, and tell you how much they have available as option consideration, then go from there.

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I try to set it close to what the lender is looking at for down payment. FHA-3.5% so I may look at 3% or 3.25% on higher priced houses..closer to 4-5% since they go conventional .

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