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Reply to "Options for avoiding high sellers' agent fee in hot neighborhood"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]You're severely limiting your options by not paying a seller's fee. Most buyers still work with an agent. Just offer at least 2% or 2.5% to a buyer's agent. List for a flat fee.[/quote] ^^ Oh sorry. I'm being stupid. I mean to say limiting your options by not paying a buyer's fee. Yeah, just list for a flat fee. Take pro pictures. Declutter like crazy. [/quote] OP here. As noted above, I plan to offer 2 or 2.5% to buyer's agent. [/quote] You need to offer at least 2.5 to buyer agent. You simply won't get any buyers coming by for 2%. Remember also that a lot of buyers will be on the hook for that extra 50 basis points or 100 basis points as many contracts stipulate 3%. With 2.5% becoming more common, I think the 50 basis points is less an issue. But not sure many buyer agents would forego 100 basis points. FWIW, most FSBOs end up getting less money for their homes than had they listed with a full-service agent who markets the property properly, even net of commission. No, I'm not an agent.[/quote]
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