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Sell a house as a share of stock for a $4 commission on e-trade?
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2010 Aug 25, 5:53am 1,256 views 1 comment
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justme
2010 Aug 25, 6:36am
justme
2010 Aug 25, 6:36am
Huh? There already is an easier way to avoid 6% blood-money real-estate commissions:
Don't hire a listing agent, and insist that the buyer does not hire an agent either. It is called FSBO -- For Sale By Owner.
I was researching selling your house as a share of stock on e-trade to avoid a 6% real estate commission. As long as you had an appraisal and your accounting was accurate and possible audited by a firm, you could save the commission and more easily transfer to better suited job or situation. You could incorporate the house and sell it like you would a corporation as a share or more of stock. I think I read a REIT requires a minimum 100 shares of stock.
Doug
#housing