Quote:
Originally Posted by retiredguy123
I don't understand your math. How can the seller save $11,000 and the buyer save $12,000? That is $23,000, but a 6 percent commission would be $24,000. Where do you get the additional $12,000 to pay a 3 percent commission?
Also, it seems as though your premise is that real estate agents are pretty worthless at selling houses at higher prices, so that they do not earn their commission. If I believed that, I would never hire an agent.
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Sorry for not being clear.
The example was a $400k Sale with a 6% commission. Is that $24K?
The point is that a Seller can pay an Appraiser/Realtor $1,000 and not pay a Listing Realtor $12,000.
Whatever the correct math is, I'd sooner pay out $1,000 than $12,000 for the same work.
(If fact, more work because you'd get confirmation (Appraisal) that your previous List Price is realistic/or not).