commissions
looking to sell villa this spring. looking to list/negotiate with a realtor who will except a flat 4% commission.
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If your 4% approach fails, there are many firms that rebate a portion of the commission back to you. Usually these rebate arrangements are through an affinity group like a credit union. This will not result in a four percent commission. However, you end up with .5% back of so.
Watch this thread for those who will defend Real estate agents as worth the six percent commission. |
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Good luck with that
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The real fact of life is that your house probably won't be shown by any agent if you list at 4% commission!
4% commission means that 2% will go to the selling agent and 2% would go to the listing agent. There is no Realtor that would take your listing based on the 4% you want to pay. Don't forget -- listing and selling properties is how an agent earns a living. You will be better off doing your own market analysis, doing your own open houses, paying for ads in the newspaper, paying for an attorney to write up your contract, write your title insurance, etc. If you think Realtors just sit in their office with their hand out and the commissions just flow through their fingers, you are sadly mistaken. How did you come up with this 4%, anyway??? |
have found 2 realtors one @ 5% and one @ 4%.
no fear of realtors not showing the property as most buyers browse listings on their own and tell the realtors what they want to see. it's our $$ not the realtors. this debate will always be ongoing |
Many people here have sold their homes without a realtor (FSBO). Sounds like that may be the way for you to go, if you haven't already considered it.
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I don't mine paying the 5% if I get my money worth out of my property. But, what I don't like is them telling me I need to spend 25k to make 10k. Then, they bring in bid way under asking price. For those I say don't waste my time or yours. Besides most buyer's redo the home to they're liking anyway.
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