What is the lowest Percent that a realtor can do?

Question

I have a realtor that said they could sale my home for 5% and then another for 4%. Is there anything else that I can get a realtor to come down on, that will benefit me on my return?

Answer 1

4% is probably the cheapest you can get with traditional listing broker arrangement. I think it's pretty good. Basically, 3% goes to the broker who brings in the buyer and the remaining stays with the listing broker. If you want, you can find a help-u-sell or some other self sell real estate service in your area who provides with flat fee, multiple listing service access and signs. You will need to do your open house and showings. If the market is good in your area, with or without the listing broker, your house can be sold.

Answer 2

When I work as a buyer's agent, I love seeing listings that were taken at less than a fair percentage. These don't get shown by many agent's with buyers, so I know I can negotiate a great deal for my buyer. The seller actually ends up netting less than if they'd done a 7% listing, offering 4% to a buyer's agent (then the buyer's agents are fighting over the house. That's how I try to list houses, to help the seller NET the most money.

At whatever percentage you do list, make sure to offer at least the normal going rate to buyers agents - and that it's specified in the listing agreement. An agent could list your house with a 1% agreement, just to pick up buyers off the sign, then take them to a house that pays them to sell it.

Answer 3

Remember that your Realtor will split the commission with the buyer's agent and that both will have to give approx. half of their commission to their employer. Thus, it depends on the cost of your house. 4% is probably near the bottom but also remember that you'll get what you pay for. You may be better off with the first agent IF they agree to price your house aggressively and work really hard to get top dollar.

Answer 4

You can negotiate whatever deal you want with them. I negotiated a 3% commission if he sold it through another realtor, a 2% commission if he sold it on his own. If he sold it thought another realtor, that realtor would get 2% and he would only get 1%. This motivated him to work very hard to try to find buyers. And it worked - I sold my home.

Answer 5

It's negotiable and there is no law or regulation that says he/she can't accept less. Just keep in mind that your agent has to give a portion of his/her commission to the buyer's agent.

Someone stated the 3%, with 1% going to the listing agent and 2% going to the buyer's agent. That is a good idea and I offer the exact same program. However, for a fast sale, draw up a 5% contract, with 1% going to your agent and 4% to the buyer's agent. So if your agent wants 5%, let him earn it. Also, make sure they don't tie you up in a long term contract.

If you're in Southern California, let me know.

Regards

Answer 6

Most realtors charge a flat 6% fee, feel lucky that one is offering you a 4% fee.

Answer 7

What is the point of hiring a realtor if you want them to do it for practically nothing?
As I realtor, my commission would be what my services are worth.
So if someone paid me full commission, you could bet your butt that I will do everything I can to get that house sold.
If you are looking for a cheap commission to pay, then remember one thing, "You get what you pay for."
I hope this helps...good luck!

Answer 8

all commissions, fees, and terms are negotiable. if you could get a realtor to agree, they could sell your home for 1%. the catch is, they have to agree to the amount & don't have to work for you if they don't like the price.

Answer 9

you can go the by owner route