Just received a PennyMac short sale and the listing instructions say total 5% commission, or 4% if dual agent. I haven't seen less than 6% commissions in quite some time. I have seen recent blog posts regarding this. Any thoughts about getting it to 6%?
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Some services and credit unions have guidelines allowing only 5% maximum. If it's in their guidelines that they only allow 5% commission maximum, you likely will not get 6%. Ask if they participate in HAFA. If a transaction is approved for HAFA, 6% commission should be awarded.
Brett@ishortsalenow.com
310-564-6389
www.ishortsalenow.com
Thanks Brett!