"Low commission" real estate agents?
 

Getting ready to sell investment home, vacant soon, south of 44 in 'new area of The villages' Monarch Grove. Has anyone used listing agents who advertise 'low commission'. .. many advertising 4% or less. Rather not sell it ourselves, but also don't care to pay total 5 -6% fees. I'd like to hear from those who have tried them or have someone to refer.

If you made your living selling real estate which homes would you work harder at selling, those where the commission is 4% or those where the commission is 5%. Your answer to this will tell you which way to go.

It would depend on the sales price
 

If a client was paying 4% for a million dollar home and another client was offering 5% on a 500,000 dollar home, I certainly would like to skim the 40 k over the 25k commission.

The OP is concerned with one home only, not comparing it to those of other values.

You have to think about advertising costs, costs for signage, open houses etc. . . Money has to be up somewhere. With listing agents having to give 3% to selling agents, and then splitting with their brokers according to the agreements they have, it doesn’t leave much for the LA. And you can’t forget about the costs that the inspection has.

Yes, I was agent for many years and it’s tough to make a living, especially for new agents.

What about a flat fee real estate agent? Agent4Less etc.

Talk to Ira Miller.

IM Realty - Your Villages Area Experts

You get what you pay for.

Lots of homes for sale now. Best to price it right to begin with. Probably won't get much interest until after the new year. I don't see many buyers down here now. I would consult with three listing agents and have them propose a price and plan to sell your property. You will know which to go with.

Some people seem to think that a lower commission means that they will get more money for their house. If that is how you think, then you should sell the house yourself. If a salesperson cannot get you more net income from your house, regardless of the commission, then you shouldn't hire them. There are two sides to the equation, the commission and the income you receive. A good salesperson should be worth more money to you than what you pay them in commission.

[QUOTE=shaw8700@outlook.com;2451561]You have to think about advertising costs, costs for signage, open houses etc. . . Money has to be up somewhere. With listing agents having to give 3% to selling agents, and then splitting with their brokers according to the agreements they have, it doesn’t leave much for the LA. And you can’t forget about the costs that the inspection has.

Yes, I was agent for many years and it’s tough to make a living, especially for new agents.[/QUOTE

A good agent is always there for you and your home. A discount agent is not much more than a paper pusher.

[QUOTE=Bay Kid;2451620]I agree. If the agent is just a paper pusher, they don't deserve any commission.

This is the best advise I've read..

You may also want to consider renting the home out for the up coming season, and listing it in the spring.

I used a low commission real estate company to sell my home a while back, and all the normal commission agents must have blacklisted my listing. I got 2 showings in 3 months. Had to take it off the market and sold it in one week when I went with a full commission agent.

LOL. Why didn't the low commission agent sell the house?