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Reply to "Options for avoiding high sellers' agent fee in hot neighborhood"
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[quote=Anonymous]We're selling our home next month. We are in an exceptionally hot downtown DC neighborhood and the house was fully renovated 2 years ago. It shows very well and there's almost no inventory in our neighborhood. I have watched all sales in my neighborhood for the last 2 years and am confident as to my list price and expect to sell at around $1.3m or above, and that it would go under contract on the first weekend. When living in another state, I sold two houses FSBO and had no problems. I'm an attorney, I used a real estate attorney to review the closing docs, hired a photographer for $175, etc. FSBO was not uncommon in that neighborhood. I plan to offer 2 or 2.5% to buyers agent. Can people tell me the various options for avoiding the "full" (i.e., 2.5-3%) sellers' agent fee in a hot neighborhood like this? Ideally, I'd keep fees at nil (~0%). At most, I'd like to pay 1%. If I can keep fees at a minimum, I am okay handling the whole process myself (hire photographer and real estate attorney, use lockbox, attend open house, etc). If I pay an agent as much as 1%, the only services I would like are: handle photography, attend open house and any other showings during the first weekend, receive and manage incoming offers, attend inspection, and help manage docs for closing. Low end: FSBO. How would this be perceived in a hot downtown neighborhood? Are buyers okay working with a lockbox system for visits outside the open house? High end: Redfin. Do they still charge 1% in DC? In between: discount brokers. Any that you can recommend? What services are included? [/quote]
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