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Realtor commissions
- Thread starter Shovelhead
- Start date
Well, welcome to the ODT! Hope you find it enjoyable and homey (regardless of some clowns).
Thanks! I've been on here for about six months or so but not terribly active. Made a few deals though and they've all been good!
Which would make it 3% per broker, and probably 1% per agent. I don't understand why you don't think those numbers are accurate. And even If the "brokers" you mention are buying/listing agents that is still only 3%/per
Realtors are crooks. My house is currently listed and do some reading on the net about interviewing multiple realtors before signing any contract.
When they are done giving you their BS sales tactics, comps, and other nonsense then ask how much them how about reducing their commission to help out.... Once you throw that out there you will see them start scrambling like used car salesmen.
The going rate is 3% for the sellers realtor and 3% for the buyers realtor and the seller of course has to pay both realtors so it's 6%.
Once you sign the contrat they spend about 500 listing it and about 300 for a photographer from what I can gather, after that they do nothing just sit back and negotiate the sale/offers if you get one.
After going through 3 realtors I found one that that reduced her commission to 1% as long as there was an agreement that when I purchased the new house she would be my realtor and I was fine with that especially since she's really nice, easy going, and has a great...
Now because my house is not in the lower price bracket like others in it's range it's taking longer to sell, and of course realtors being commissioned base are going to tell you "well maybee you should lower the price more to be more competitive and lure more shoppers/offers"
Do your own compairsons on the value of your home, the realtor before signing the contract will do comps that will put the house in the price range she thinks you want to sell it for but then after the fact start telling you "maybee it's too high" and then tries to presure you into lowering it for quick sale/commission!
Decide on what your situation is and what your house value is and what you are willing to take for it, then do your own comps from online sights and look at what others in your area are going for in the same sq footage and go from there.
Good luck, I will tell you the current "real estate comeback" is BS. Sure if you give your house away 20-30K below value it'll sell, or if it's in the 150-200K range you should be able to sell.
But if you look at how long houses in the 250K and greater range stay on the market you'll see whats really going on, even new houses in my area in the 250-300K range are staying on the market 60+ days. How can you have a housing market recovery with unemployment where it is and salaries where they are?
When they are done giving you their BS sales tactics, comps, and other nonsense then ask how much them how about reducing their commission to help out.... Once you throw that out there you will see them start scrambling like used car salesmen.
The going rate is 3% for the sellers realtor and 3% for the buyers realtor and the seller of course has to pay both realtors so it's 6%.
Once you sign the contrat they spend about 500 listing it and about 300 for a photographer from what I can gather, after that they do nothing just sit back and negotiate the sale/offers if you get one.
After going through 3 realtors I found one that that reduced her commission to 1% as long as there was an agreement that when I purchased the new house she would be my realtor and I was fine with that especially since she's really nice, easy going, and has a great...
Now because my house is not in the lower price bracket like others in it's range it's taking longer to sell, and of course realtors being commissioned base are going to tell you "well maybee you should lower the price more to be more competitive and lure more shoppers/offers"
Do your own compairsons on the value of your home, the realtor before signing the contract will do comps that will put the house in the price range she thinks you want to sell it for but then after the fact start telling you "maybee it's too high" and then tries to presure you into lowering it for quick sale/commission!
Decide on what your situation is and what your house value is and what you are willing to take for it, then do your own comps from online sights and look at what others in your area are going for in the same sq footage and go from there.
Good luck, I will tell you the current "real estate comeback" is BS. Sure if you give your house away 20-30K below value it'll sell, or if it's in the 150-200K range you should be able to sell.
But if you look at how long houses in the 250K and greater range stay on the market you'll see whats really going on, even new houses in my area in the 250-300K range are staying on the market 60+ days. How can you have a housing market recovery with unemployment where it is and salaries where they are?
There are no females on the internet
There are FBI Agents pretending to teenage girls
There are Vice agents pretending to be women
but there are no females on the internet!
might want to sell it yourself....... http://www.clickitrealtyinc.com $249 flat listing fee and you do the work. sounds like the only way to keep you happy would be to do it yourself.
