Standard is 5 percent, not 6. |
We are sold twice with a realtor in the past decade.
We are listing this summer and will not sure a realtor. |
I can’t wait for real estate agents to finally work for their (flat or hourly) money. The days of percentage off a sale price are coming to an end |
I did fsbo and didn’t pay a dime for fees. Made the buyer pay their own service provider for the services they got. |
Or she could’ve paid a stager to come in for $3k, a professional photographer for $1k, $2k to an attorney and ended up in the same spot. |
Do the public a favor and write an honest review about the realtor. It's really the only way people will know not to use him. What brokerage? |
My experience of realtors has not been positive lately. |
My buyers agent guided me wrong at literally every turn |
The model really should be hourly fees plus a real estate lawyer to review the contract and to be on call if needed. Each party spends no more than a few thousand total. |
Our agent definitely did more work to help us buy a new house than to sell our old house because in last summer's market, houses were basically selling themselves, but to help us maximize the price for value, she:
- Gave us names for her preferred vendors (although we did call other people, but most of her vendors were a good price) and someone on her team coordinated the timing and access - Paid for staging (two out of three floors), landscaping, and cleaning - Called the listing agent of a house that went under contract in our neighborhood to find out what price they sold it for, and then recommended that we increase our listing price based on that (we did, by $25K and our house sold for $25K over that). - Negotiated with the people who put down offers to get rid of all contingencies and get the fastest closing possible (two weeks) - Coordinated the closing so that we could do everything virtually |
That agent seemed to be worth their commission and got you top dollar for your home. Many agents are lazy and don’t follow up for their clients. |
6% isn't standard anymore. Even 5 years ago when we bought it was 5%, and we just interviewed agents to sell my parents' home, 3 offered 5%, and 1 (a newer agent) offered 4%. And there are agents you can pay by the hour, which is particularly smart for high value homes (my friends used one to buy and got a commission rebate on the 5% paid to both agents of 45K.) |
DP. “Cheap” and “not wanting to blow $54k for minimal service even from a good agent” are not the same thing. |
Can you tell us what brokerages are offering hourly realtors? Is is in the DMV? I havent heard of that here. |
Glass House Real Estate. Spicer Real Estate. There are probably others if you look around. |