Comments on: How much will a real estate company charge to sell my home? http://propertiesmagazine.com/blog/index.php/how-much-will-a-real-estate-company-charge-to-sell-my-home/ Properties, Real Estate, Homes Information Fri, 04 May 2012 03:04:28 +0000 hourly 1 http://wordpress.org/?v=3.1.4 By: dpylyp http://propertiesmagazine.com/blog/index.php/how-much-will-a-real-estate-company-charge-to-sell-my-home/comment-page-1/#comment-1246 dpylyp Mon, 05 Jan 2009 21:12:07 +0000 http://propertiesmagazine.com/blog/index.php/how-much-will-a-real-estate-company-charge-to-sell-my-home/#comment-1246 Everyone is fighting about the commission to sell their house, but there are more sellers than buyers. Did you repaint the house before showing it? Will you have the carpets shampooed? Will you and the kids vacate during the first week of showings? Will the house be professionally cleaned before showings? cluttered? Agents are paid based on performance. With No sale there is no money. With no offer on the table there are no details to negotiate. IMHO There are 4 people involved in the sale of a home, the owner, the buyers and the two agents. The personality with the most persuasive arguments and negotiating skill will win the deal for their side. IF you are able to negotiate an agent out of their commission, that agent is not the one who should be the defender of your real estate values. Everyone is fighting about the commission to sell their house, but there are more sellers than buyers.

Did you repaint the house before showing it?
Will you have the carpets shampooed?
Will you and the kids vacate during the first week of showings?
Will the house be professionally cleaned before showings? cluttered?

Agents are paid based on performance. With No sale there is no money. With no offer on the table there are no details to negotiate.

IMHO
There are 4 people involved in the sale of a home, the owner, the buyers and the two agents. The personality with the most persuasive arguments and negotiating skill will win the deal for their side.

IF you are able to negotiate an agent out of their commission, that agent is not the one who should be the defender of your real estate values.

]]> By: Landlord http://propertiesmagazine.com/blog/index.php/how-much-will-a-real-estate-company-charge-to-sell-my-home/comment-page-1/#comment-1245 Landlord Mon, 05 Jan 2009 06:13:44 +0000 http://propertiesmagazine.com/blog/index.php/how-much-will-a-real-estate-company-charge-to-sell-my-home/#comment-1245 6 is the norm, but you can ask them to charge 5 and get away with it. Any lower and no agents will show the property. 6 is the norm, but you can ask them to charge 5 and get away with it. Any lower and no agents will show the property.

]]> By: Dr. Diagnonsense http://propertiesmagazine.com/blog/index.php/how-much-will-a-real-estate-company-charge-to-sell-my-home/comment-page-1/#comment-1244 Dr. Diagnonsense Thu, 01 Jan 2009 23:42:26 +0000 http://propertiesmagazine.com/blog/index.php/how-much-will-a-real-estate-company-charge-to-sell-my-home/#comment-1244 It only sounds high until you realize how much knowledge, effort, and time it takes to sell a house. Under most circumstances, half of that commission will go to the listing agent and half to the buyer’s agent. Consider that your agent will easily work 60 hours a week. Let’s say it takes 8 weeks to sell your house, and that it sells for $250,000. Your agent will get 3.5% because there was a buyer’s agent involved. Before deducting marketing expenses, your agent has earned $8,750 for a total of 480 hours of labor. That means they’ve earned about $18/hr before expenses and they will owe 100% of the payroll taxes on that money. Doesn’t sound like much to me. It only sounds high until you realize how much knowledge, effort, and time it takes to sell a house. Under most circumstances, half of that commission will go to the listing agent and half to the buyer’s agent.

Consider that your agent will easily work 60 hours a week. Let’s say it takes 8 weeks to sell your house, and that it sells for $250,000. Your agent will get 3.5% because there was a buyer’s agent involved. Before deducting marketing expenses, your agent has earned $8,750 for a total of 480 hours of labor. That means they’ve earned about $18/hr before expenses and they will owe 100% of the payroll taxes on that money.

Doesn’t sound like much to me.

]]> By: bryanzcrnr http://propertiesmagazine.com/blog/index.php/how-much-will-a-real-estate-company-charge-to-sell-my-home/comment-page-1/#comment-1243 bryanzcrnr Tue, 30 Dec 2008 05:50:35 +0000 http://propertiesmagazine.com/blog/index.php/how-much-will-a-real-estate-company-charge-to-sell-my-home/#comment-1243 They normally try to get six percent. Tell them that you will split that with the buyer, so you only pay three percent. Don't pay them over 4 percent anyway. Tell them that you won't pay the closing costs either. Leave that as a bargaining tool. They normally try to get six percent. Tell them that you will split that with the buyer, so you only pay three percent. Don’t pay them over 4 percent anyway. Tell them that you won’t pay the closing costs either. Leave that as a bargaining tool.

]]> By: Craig http://propertiesmagazine.com/blog/index.php/how-much-will-a-real-estate-company-charge-to-sell-my-home/comment-page-1/#comment-1242 Craig Mon, 29 Dec 2008 00:19:13 +0000 http://propertiesmagazine.com/blog/index.php/how-much-will-a-real-estate-company-charge-to-sell-my-home/#comment-1242 It's 6% in my area. You can try to negotiate a lower fee, but it's a lot of work to sell a house in this market. Full fee means all the agents in you area will want to sell your house and get a good commission. Unless you have a buyer lined up, full fee may be worth the cost. It’s 6% in my area. You can try to negotiate a lower fee, but it’s a lot of work to sell a house in this market. Full fee means all the agents in you area will want to sell your house and get a good commission. Unless you have a buyer lined up, full fee may be worth the cost.

]]> By: Melissa F http://propertiesmagazine.com/blog/index.php/how-much-will-a-real-estate-company-charge-to-sell-my-home/comment-page-1/#comment-1241 Melissa F Sat, 27 Dec 2008 08:18:38 +0000 http://propertiesmagazine.com/blog/index.php/how-much-will-a-real-estate-company-charge-to-sell-my-home/#comment-1241 I am at 6% with my agent that I have my house for sale with. The best way is to contact several companies and ask what their charge is I am at 6% with my agent that I have my house for sale with. The best way is to contact several companies and ask what their charge is

]]> By: SmartA$$ http://propertiesmagazine.com/blog/index.php/how-much-will-a-real-estate-company-charge-to-sell-my-home/comment-page-1/#comment-1240 SmartA$$ Wed, 24 Dec 2008 19:26:02 +0000 http://propertiesmagazine.com/blog/index.php/how-much-will-a-real-estate-company-charge-to-sell-my-home/#comment-1240 Typically, you'll pay 6% in commission. 3% goes to your agent/broker, and you offer to pay the seller's agent 3% in order to convince agents to show your house to their clients. Some real estate companies will charge only 4%. What they do is they list the house for 1% commission, but they still offer the full 3% for the buyer's agent. You could offer reduced commission for the buyer's agent, but usually that won't pay off. When the buyer's agent sees that they will get a lower commission from your house, they will move on to the next house to show to their client. In today's market, it may even be wise to offer 3.5% or 4% commission to the buyer's agent to attract more people to your house. As a general rule of thumb, you should figure on about 10% of the sale price in real estate commissions and closing costs. Typically, you’ll pay 6% in commission. 3% goes to your agent/broker, and you offer to pay the seller’s agent 3% in order to convince agents to show your house to their clients.

Some real estate companies will charge only 4%. What they do is they list the house for 1% commission, but they still offer the full 3% for the buyer’s agent.

You could offer reduced commission for the buyer’s agent, but usually that won’t pay off. When the buyer’s agent sees that they will get a lower commission from your house, they will move on to the next house to show to their client. In today’s market, it may even be wise to offer 3.5% or 4% commission to the buyer’s agent to attract more people to your house.

As a general rule of thumb, you should figure on about 10% of the sale price in real estate commissions and closing costs.

]]> By: golferwhoworks http://propertiesmagazine.com/blog/index.php/how-much-will-a-real-estate-company-charge-to-sell-my-home/comment-page-1/#comment-1239 golferwhoworks Mon, 22 Dec 2008 20:40:47 +0000 http://propertiesmagazine.com/blog/index.php/how-much-will-a-real-estate-company-charge-to-sell-my-home/#comment-1239 that is the norm that is the norm

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