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Real Estate
Reply to "Help me with the basics - hiring agent to sell our house and asking for discounted commission"
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[quote=Anonymous]We are putting our house on the market and will be hiring an agent. We'd really like to negotiate a lower commission to go to the agent, as we live in a popular neighborhood where houses move really quickly. We don't expect the agent will have to work super hard (I know he/she will still work hard, of course!) Our house should sell for over $700k. Is it possible to negotiate down the commission to the seller? What strategies or talking points would you suggest? Am I correct in the following assumptions? Typically, about 6% of the sales price of the home will go towards commission - about 3% to buyer's agent and 3% to seller's agent. I assume that what we'd be trying to negotiate down is the standard 3% to go to the seller's agent. What is reasonable? Should we try to get this down to 1.5%, 2% or 2.5%? Thank you for any tips. [/quote]
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