Anonymous
Post 09/03/2024 19:28     Subject: What are you paying buyers agents?
Anonymous wrote:We just got an offer with no buyers agent and our selling agent reduced commission to 2.5%


I wouldn't pay a sellers agent a dime over 2.
Anonymous
Post 09/03/2024 19:21     Subject: What are you paying buyers agents?
We just got an offer with no buyers agent and our selling agent reduced commission to 2.5%
Anonymous
Post 09/03/2024 19:20     Subject: What are you paying buyers agents?
Anonymous wrote:
Anonymous wrote:If I sell, I would pay my seller's agent 1% and nothing to a buyer's agent. If the buyer wants to get an agent, they have to pay for it themselves.


Good luck with that


DP, why? My house is worth 1.7M and would sell in a nano second. Is $17,000 a bad deal for 1.5 days work?
Anonymous
Post 09/03/2024 16:35     Subject: What are you paying buyers agents?
Anonymous wrote:Based on my experience, I don't think 2- 2.5% is outside the norm in DC to pay a seller's agent. And I am offering 2% to a buyer's agent. That's my choice, to help me market it. It's baked into my asking price. But, you do you.


OP is asking about buyer's agents. 2.5% is outside of the norm (too high).
Anonymous
Post 09/03/2024 16:08     Subject: What are you paying buyers agents?
Based on my experience, I don't think 2- 2.5% is outside the norm in DC to pay a seller's agent. And I am offering 2% to a buyer's agent. That's my choice, to help me market it. It's baked into my asking price. But, you do you.
Anonymous
Post 09/03/2024 14:36     Subject: What are you paying buyers agents?
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:Bumping. Is 1.5% a reasonable amount to offer a buyer's agent? They're asking for 2.5%.


It isn’t your problem. Their client will owe the other 1 percent.

I mean, the client might withdraw the offer because of that. But it’s not your problem otherwise.


The question is about about whether 1.5% is reasonable for a buyer to ask their agent to agree to when the agent is asking the buyer to sign an agreement that the buyer's agent will get 2.5%.


The answer is to find a different realtor. 2.5% is ridiculously high these days. 1-2% is the norm for people even using buyer agents.

How could you ever trust an agent that asked you to pay 2.5%?
Anonymous
Post 09/03/2024 11:37     Subject: What are you paying buyers agents?
Anonymous wrote:
Anonymous wrote:Bumping. Is 1.5% a reasonable amount to offer a buyer's agent? They're asking for 2.5%.


It isn’t your problem. Their client will owe the other 1 percent.

I mean, the client might withdraw the offer because of that. But it’s not your problem otherwise.


The question is about about whether 1.5% is reasonable for a buyer to ask their agent to agree to when the agent is asking the buyer to sign an agreement that the buyer's agent will get 2.5%.
Anonymous
Post 09/03/2024 03:25     Subject: What are you paying buyers agents?
Anonymous wrote:
Anonymous wrote:If I sell, I would pay my seller's agent 1% and nothing to a buyer's agent. If the buyer wants to get an agent, they have to pay for it themselves.


Good luck with that


Right?

Because good luck with negotiating competitive pricing in the industry of price collusion, kickback-ery and fraud.

Good luck indeed.
Anonymous
Post 09/02/2024 23:34     Subject: What are you paying buyers agents?
I’m paying them in hope for future business.
Anonymous
Post 09/02/2024 18:52     Subject: What are you paying buyers agents?
Anonymous wrote:Bumping. Is 1.5% a reasonable amount to offer a buyer's agent? They're asking for 2.5%.


It isn’t your problem. Their client will owe the other 1 percent.

I mean, the client might withdraw the offer because of that. But it’s not your problem otherwise.
Anonymous
Post 09/02/2024 18:50     Subject: What are you paying buyers agents?
Anonymous wrote:If I sell, I would pay my seller's agent 1% and nothing to a buyer's agent. If the buyer wants to get an agent, they have to pay for it themselves.


Good luck with that
Anonymous
Post 09/02/2024 18:49     Subject: Re:What are you paying buyers agents?
If I sell, I would pay my seller's agent 1% and nothing to a buyer's agent. If the buyer wants to get an agent, they have to pay for it themselves.


+1
Anonymous
Post 09/02/2024 14:13     Subject: What are you paying buyers agents?
If I sell, I would pay my seller's agent 1% and nothing to a buyer's agent. If the buyer wants to get an agent, they have to pay for it themselves.
Anonymous
Post 09/02/2024 09:39     Subject: What are you paying buyers agents?
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:Bumping. Is 1.5% a reasonable amount to offer a buyer's agent? They're asking for 2.5%.


Personally I wouldn't use one, but shop around if you do. 2.5% is highway robbery and you're unlikely to find a seller to pay that. See if you can get one for 1% before committing to 1.5%.

I say this as a seller with a home for sale (not DMV) that still has higher realtor fees. Even there, I wouldn't consider paying more than 1-1.5% in seller concessions.

In the DMV, you can get much better deals on realtor commissions as both a seller and a buyer.


If you're not in the DMV, how are you getting your intel that most DMV buyer's agents are taking 1-1.5% now?


It's a second home.
Anonymous
Post 09/01/2024 15:38     Subject: What are you paying buyers agents?
Anonymous wrote:
Anonymous wrote:Bumping. Is 1.5% a reasonable amount to offer a buyer's agent? They're asking for 2.5%.


Personally I wouldn't use one, but shop around if you do. 2.5% is highway robbery and you're unlikely to find a seller to pay that. See if you can get one for 1% before committing to 1.5%.

I say this as a seller with a home for sale (not DMV) that still has higher realtor fees. Even there, I wouldn't consider paying more than 1-1.5% in seller concessions.

In the DMV, you can get much better deals on realtor commissions as both a seller and a buyer.


If you're not in the DMV, how are you getting your intel that most DMV buyer's agents are taking 1-1.5% now?