2% commission on both ends?

[Anonymous]

Well known and quality realtor just offered us 2% commission on selling and buyingemd, total of 4%. Is this the going rate now? I know Redfin is a bit less, but we want a more known entity who we know has proven results in our neighborhood.

[Anonymous]

Doubtful. And I would question a 2% commission on the buyer side - if you don't offer something competitive you run the risk of agents not even wanting to show your house.

[Anonymous]

It is normal for less experienced agents trying to garner sales listings.

[Anonymous]

Anonymous wrote:Doubtful. And I would question a 2% commission on the buyer side - if you don't offer something competitive you run the risk of agents not even wanting to show your house.

+1

[Anonymous]

No - sorry for confusion. 2% when I sell and 2% when I buy. 3% to buyer's agent for my current house.

[Anonymous]

Oh. That sounds fine then. Sounds like they are trying to compete with a Redfin model, though I have it on pretty good authority that whole Redfin rebate thing is being phased out. Stay tuned.

[Anonymous]

Anonymous wrote:Oh. That sounds fine then. Sounds like they are trying to compete with a Redfin model, though I have it on pretty good authority that whole Redfin rebate thing is being phased out. Stay tuned.

Uhh huhh?

[Anonymous]

Anonymous wrote:Oh. That sounds fine then. Sounds like they are trying to compete with a Redfin model, though I have it on pretty good authority that whole Redfin rebate thing is being phased out. Stay tuned.

That is what I cannot quite figure out. This is not a new-to-the-game realtor. Rather, someone experienced and well known in the neighborhood as the "go to" realtor. I feel like it is a "too good to be true" scenario. Guess I will just run with it. Or do I use it to get a better deal with another realtor - like the one who is the "go to" in the neighborhood in which we want to buy?

[Anonymous]

How are they promising 2% when you buy? That is worked out with the seller and their agent. Is your person giving you a rebate when you buy?

[Anonymous]

Anonymous wrote:How are they promising 2% when you buy? That is worked out with the seller and their agent. Is your person giving you a rebate when you buy?

Hm. I guess I do not know and that is the question I need to ask. Thanks! I am correct, then, that the only thing I need to worry about, really, is how much commission they are seeking for the sale of my home? We are VERY new to this. Inherited a property we need to sell.