Anonymous
Post 01/22/2025 13:19     Subject: Buyer's agent fees
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:In NoVA, not MD, but our very aggressive agent is putting down 2.5% buyer agent commission paid by sellers on offers.


Same - 2.5% seems to be the norm for nova for a full-service buyers agent - we had some agents offer to do it for 2% but they made it clear they wouldn't do much except communicate the offer.

Anecdotally we are seeing that a majority of the houses sitting on the market in close-in nova (~$1M) - if otherwise priced decently - are sitting because the seller isn't covering the buyer's agent commission and won't adjust the price to reflect the buyer having to pay the commission out of pocket.


Why wouldn't the buyer just write an offer for what they think the house is worth, less agent fees? The list price is just a suggestion.


Because PP is full of sh*t and a fear mongering realtor.
Anonymous
Post 01/22/2025 13:18     Subject: Buyer's agent fees
Anonymous wrote:
Anonymous wrote:In NoVA, not MD, but our very aggressive agent is putting down 2.5% buyer agent commission paid by sellers on offers.


Same - 2.5% seems to be the norm for nova for a full-service buyers agent - we had some agents offer to do it for 2% but they made it clear they wouldn't do much except communicate the offer.

Anecdotally we are seeing that a majority of the houses sitting on the market in close-in nova (~$1M) - if otherwise priced decently - are sitting because the seller isn't covering the buyer's agent commission and won't adjust the price to reflect the buyer having to pay the commission out of pocket.


Sure, bitter realtor.
Anonymous
Post 01/22/2025 12:59     Subject: Buyer's agent fees
Anonymous wrote:
Anonymous wrote:In NoVA, not MD, but our very aggressive agent is putting down 2.5% buyer agent commission paid by sellers on offers.


Same - 2.5% seems to be the norm for nova for a full-service buyers agent - we had some agents offer to do it for 2% but they made it clear they wouldn't do much except communicate the offer.

Anecdotally we are seeing that a majority of the houses sitting on the market in close-in nova (~$1M) - if otherwise priced decently - are sitting because the seller isn't covering the buyer's agent commission and won't adjust the price to reflect the buyer having to pay the commission out of pocket.


Why wouldn't the buyer just write an offer for what they think the house is worth, less agent fees? The list price is just a suggestion.
Anonymous
Post 01/22/2025 12:56     Subject: Buyer's agent fees
I am paying my agent, who has represented me for 30 years, the same 5% I have for decades. I know he will get me a top price in return.
Anonymous
Post 01/22/2025 12:53     Subject: Buyer's agent fees
Anonymous wrote:
Anonymous wrote:In NoVA, not MD, but our very aggressive agent is putting down 2.5% buyer agent commission paid by sellers on offers.


Same - 2.5% seems to be the norm for nova for a full-service buyers agent - we had some agents offer to do it for 2% but they made it clear they wouldn't do much except communicate the offer.

Anecdotally we are seeing that a majority of the houses sitting on the market in close-in nova (~$1M) - if otherwise priced decently - are sitting because the seller isn't covering the buyer's agent commission and won't adjust the price to reflect the buyer having to pay the commission out of pocket.


How have you determined this is the reason?
Anonymous
Post 01/22/2025 12:38     Subject: Buyer's agent fees
Anonymous wrote:In NoVA, not MD, but our very aggressive agent is putting down 2.5% buyer agent commission paid by sellers on offers.


Same - 2.5% seems to be the norm for nova for a full-service buyers agent - we had some agents offer to do it for 2% but they made it clear they wouldn't do much except communicate the offer.

Anecdotally we are seeing that a majority of the houses sitting on the market in close-in nova (~$1M) - if otherwise priced decently - are sitting because the seller isn't covering the buyer's agent commission and won't adjust the price to reflect the buyer having to pay the commission out of pocket.
Anonymous
Post 01/22/2025 10:48     Subject: Buyer's agent fees
Anonymous wrote:
Anonymous wrote:In NoVA, not MD, but our very aggressive agent is putting down 2.5% buyer agent commission paid by sellers on offers.


I am not sure what “aggressive” means in this context, but I have not paid more than 4% total in decades.


Aggressive means pushing every line item on the contract to win the house in a competitive market. And this agent would not have hesitated for one second to tell us "You pay my fee."
Anonymous
Post 01/22/2025 10:43     Subject: Buyer's agent fees
Anonymous wrote:In NoVA, not MD, but our very aggressive agent is putting down 2.5% buyer agent commission paid by sellers on offers.


I am not sure what “aggressive” means in this context, but I have not paid more than 4% total in decades.
Anonymous
Post 01/22/2025 10:18     Subject: Buyer's agent fees
In NoVA, not MD, but our very aggressive agent is putting down 2.5% buyer agent commission paid by sellers on offers.
Anonymous
Post 01/22/2025 09:42     Subject: Buyer's agent fees
Anonymous wrote:I'm a buyer and a realtor is asking for 3% commission, negotiated with the seller but it's my job to pay her the difference if the seller doesn't agree.

How are other people handling this? For a $2M home, $30K feels awfully rich for opening a few doors. There's no world where I'm going to pay a realtor 10x more money than I earn per hour.
h

That’s a big “nope”!
Anonymous
Post 01/22/2025 09:41     Subject: Buyer's agent fees
I'm a buyer and a realtor is asking for 3% commission, negotiated with the seller but it's my job to pay her the difference if the seller doesn't agree.

How are other people handling this? For a $2M home, $30K feels awfully rich for opening a few doors. There's no world where I'm going to pay a realtor 10x more money than I earn per hour.
Anonymous
Post 01/16/2025 11:19     Subject: Buyer's agent fees
I agreed to pay buyer's agent a flat fee of $1500. That's it.
Anonymous
Post 01/16/2025 00:31     Subject: Buyer's agent fees
1% is the new buyer's agent fees. I have also done it on a flat fee of $1500 recently. I am an agent, btw.
Anonymous
Post 01/13/2025 21:50     Subject: Buyer's agent fees
Buyer agent fees are negotiated as part of the contract. There is no need to commit to some level at the time of listing. What if someone wants to make their bid more competitive by not requestion agent fees, shouldn't you let them do that?
Anonymous
Post 01/13/2025 10:49     Subject: Buyer's agent fees
What's the latest on buyer's agent fees in Montgomery County? What I'm seeing in other places is that agent agreements are entered into on a per house basis, but almost all houses are offering buyer agent comp paid by the seller just as before.