Hvolbeck’s listing at 24 Conyers Farm, $23,995,000 came on in April and went to contract today to another Hvolbeck client. The buyer gets 25 acres, 13,500 sq.ft. of brick Georgian that last sold in 2000 for $17,000,000 in 2000, Brad gets both sides of a juicy deal. I wanna be like Brad when I grow up.
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For What It’s Worth · Greenwich, Connecticut real estate, politics, etc.
This may be asking for too much information, but, seeing as I live the plebeian life here in town, I’ll never find out first hand so I must ask.
Is the commission on a huge transaction usually 5% of the whole amount? Or is there some sliding scale that might acknowledge, at least on some level, that it doesn’t take twice as much effort to sell a $20 million dollar house as it does a $10 million one?
Ah, commissions – we try like heck to hold on to 5% but everything’s negotiable. Funny, the big prices tend to stay full, probably because there’s more room to pay 5%, while itty bitty ones try to get it down to, say, 4%.
I wanna be like this guy when I grow up – the best interview I’ve ever seen on CNBC: http://www.cnbc.com/id/15840232?video=1176740145&play=1
Cf, you want to be like Brad?! Please, the guy’s a pompous ass.
That’s not nice and not true, Stan, at least in my experience. He’s always been very gracious to me even when I was a wet behind the ears schnook without a column or blog to gain some notariety. Brad’s a teriffic source for price opinions (for properties other than his own, naturally – he’d never hurt his own client) and he’s been known, privately, to have some predictios on ultimate selling prices that made me look like a raving Pollyanna (and he was proved right, down the line.
So I’m sorry if he’s struck you the wrong way but I think a great deal of him. Whatever, it’s a big town!
Astonishing that an elderly house in Conyers would trade for roughly $20MM; great work by realtor to match seller and buyer
BTW, is funny that M&A bankers nearly always work on a sliding scale (to point where many will “work” for nearly free ($10Bn tscns, to simply claim league table credit for use in trying to get future advisory mandates); impressive that realtors have managed to avoid sliding scales
I’ve known Brad for almost 40 years. I agree with Chris.
Brad will work just as hard for a small rental as he will for an expensive house.- Great realtor, nice guy!