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Real Estate
Reply to "suggestions for negotiating the percentages for realtors these days"
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[quote=Anonymous][quote=Anonymous]We simply told seller's agent that the total commission can not go above 4%. We told seller's agent to divide however he wanted. He came up with 2% and 2% with clause that if there is no buyer's agent then he can get 3% and help buyer with docs. We eventually sold to some one not having buyers agent so total commision for us was 3%. That was last year and selling price was 700-800K. If I have to do again then I will simply go with 2% for seller's agent, take all offers and see my net without commiting to any fixed percentage for buyers agent. Commiting to a fixed percentage means it gets communicated to buyers agent and all offers will come with that commision. You do have to be very clear about it when intevewing agents. Some are not willing to take and pretend that we are still in old era where 5% total commision is must. Friction cost has dropped to 2-4% range.[/quote] Thank you![/quote]
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