I'll probably sell my home, which real state charges the less % for selling your home?

Answer 1

Not sure if this would help. Usually, a housing market correction last for years. It is unlikely things will brighten up in a few months, afterall, this bubble took 5 years for form.

It might be better to give some discount so you unload the house quickly and can use the gain of the home to make money elsewhere quickly. At the same time, you will save money by not paying mortgage for the next 5 months.

For example, if mortgage is $2500/mo. and you have $300,000 gain sitting in the house, by selling it now rather than 5 months later will save you $12500. It will also earn you as much as $7000 from interests (Assuming CD are paying 5.5% or higher).

Total financial benefit for selling early would be $20,000. I would give buyer some discount just because of that.

Finally, keeping a house in selling condition is a lot of work. If your realtor does staging, it costs extra to rent furnitures. If you are living in the unit, it takes extra effort to keep it clean. So, sell it fast!

http://money.cnn.com/2006/09/25/news/economy/homesales2/index.htm?postversion=2006092513
http://money.cnn.com/2006/09/08/real_estate/caught_in_the_bubble/index.htm?postversion=2006090814

Answer 2

It depends on a few things...how quickly you need to sell, where you live, how flexible you are etc.

If you plan to use a full fee sellers broker, expect to pay 5% - 6%. The benefit of doing this is you have someone dedicated to selling your home. You should always interview these agents thoroughly as all agents are not created equal and not all will work as hard to help you sell.

The downside is you pay a hefty fee for the service.

Depending on the state you live in, you might be able to find a discount broker or a broker who offers a range of services that you can choose from for a reduced fee. Try searching for “discount broker [your state]” to see what comes up. You can also call local brokers and tell them you are willing to pay a 2.5% or 3% fee if they bring you a buyer.

The downside of this is you may end up doing some of the work yourself such as showing your home, extra advertising etc. It depends on the services you choose.

You may be able to pay a fee of a few hundred dollars to have your home listed in your local MLS. If an agent brings you the buyer, you would then pay 2% - 3% to the broker.

The benefit of this is you save as much as 3%. The downside is you have no agent actively working to sell your home. You would also likely have to do other advertising and all other work yourself.

If you are open to doing most or all the work yourself, you might choose to list your home for sale by owner as well as pay a fee to be added to your local MLS.

If you sell by owner, you pay no fees. The benefit is you save a lot of money. The downside is you may have to do a lot of work.

There are many books and sites which can help you sell your home yourself.

Good luck with your sale.

Answer 3

The ones that are least motivated to sell your home, that's who.

In this world, you don't get "something for nothing". If you offer to pay an agent a discount fee, how motivated do you think they'll be to sell your home?

And contrary to the previous post, selling yourself is not always the answer. That commission that you think you might be saving is what the buyer thinks is HIS SAVINGS! So what are you really saving?

I suggest that you hire a qualified agent, and pay them accordingly. If he's not doing a good job, then it's time to start talking about a reduction in commission, not before you hire him. Good luck.

Answer 4

I think I understand your question. All commission rates are negotiable so it really is up to you and your ability to negotiate with a licensed broker for commissions. There are many full service brokers, partial service broker and no service brokes they all have different rates. Therefore it depends on what you are looking to accomplish not how much money it is going to cost you to achieve it. You know like the old saying goes: It takes money to make money. I think the guy or gal that said that worked for the US mint.
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