Anonymous wrote:Every realtor I've spoken to over the last nine months has quoted 2.5% (minimum) to 4% on the sell side, and 2.5% on the buy side. Across four different brokerages, they have been unwilling to negotiate, giving me all kinds of flimsy reasons why they deserve their rate. So far none of them has convinced me that they will actually hustle to sell one of the two properties we want to list, nor do I get the sense that they will actively negotiate for us on the buy side. It's the same collusive behavior as always.
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:.75% commission on a 1.5 million house is $11,000.
That isn’t chump change. You are damn right that I will get what I pay for when someone is getting that much dough out of my pocket.
Talk about focusing on the wrong thing.
why wrong thing? If you are the seller then it is your money and the right thing but if you are an agent then ofcourse you would say so. LOL
Instead of focusing on things that really matter— getting top dollar, quickly, you’re going to fixate on a selling cost?
Stupid. So stupid.
Anonymous wrote:Anonymous wrote:Anonymous wrote:.75% commission on a 1.5 million house is $11,000.
That isn’t chump change. You are damn right that I will get what I pay for when someone is getting that much dough out of my pocket.
Talk about focusing on the wrong thing.
why wrong thing? If you are the seller then it is your money and the right thing but if you are an agent then ofcourse you would say so. LOL
Anonymous wrote:So how do you find an agent like this? We tried to sell our house last year but got no offers. A LOT was all the instability and uncertainty with the new administration. I’m unclear if my agent could’ve done more. When we signed, there wasnt really an option to negotiate rate (split 5% commission) as their boss/company set the rate.
Anonymous wrote:Anonymous wrote:Anonymous wrote:Don't offer anything to the buyers' agent upfront. Just evaluate offers on purchase price minus whatever concessions they are asking for, and choose the highest number with the greatest certainty of closing.
For a seller's agent, 1% is easily obtainable if you look around. If you want to use some particular agent, they will probably be willing to go down to 2% or lower unless they're super busy.
What agents are working for 1 percent? That is less than Redfin.
None officially. But if you have an easy property to sell, you have leverage and can negotiate. Especially with an agent who is eager to break into your market. Play the game to your advantage. There is no set price for selling your house (some degree of tacit collusion exists out there but no commission percentages are set in stone).
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:.75% commission on a 1.5 million house is $11,000.
That isn’t chump change. You are damn right that I will get what I pay for when someone is getting that much dough out of my pocket.
Talk about focusing on the wrong thing.
why wrong thing? If you are the seller then it is your money and the right thing but if you are an agent then ofcourse you would say so. LOL
Anyone who is smart with their money thinks about the value of services they pay for.
On a 1 million transaction, A few % is a huge amount and absolutely something to focus on.
Unfortunately because buying / selling is a house is such a time consuming and confusing event for most people, every step of the process is full of people wanting to skim off the top with the hopes you don’t notice. Realtors, loan agents, title companies, etc.
Anonymous wrote:Anonymous wrote:Anonymous wrote:Don't offer anything to the buyers' agent upfront. Just evaluate offers on purchase price minus whatever concessions they are asking for, and choose the highest number with the greatest certainty of closing.
For a seller's agent, 1% is easily obtainable if you look around. If you want to use some particular agent, they will probably be willing to go down to 2% or lower unless they're super busy.
What agents are working for 1 percent? That is less than Redfin.
None officially. But if you have an easy property to sell, you have leverage and can negotiate. Especially with an agent who is eager to break into your market. Play the game to your advantage. There is no set price for selling your house (some degree of tacit collusion exists out there but no commission percentages are set in stone).
Anonymous wrote:Anonymous wrote:Anonymous wrote:.75% commission on a 1.5 million house is $11,000.
That isn’t chump change. You are damn right that I will get what I pay for when someone is getting that much dough out of my pocket.
Talk about focusing on the wrong thing.
why wrong thing? If you are the seller then it is your money and the right thing but if you are an agent then ofcourse you would say so. LOL
Anonymous wrote:Anonymous wrote:I agree. A total of 3.5% is common now but realtors are still pushing for 5% commission. They do get a sucker or two now and then otherwise business is down for them.
That's not true if you look at research that has been done since Burnett.
Anonymous wrote:Anonymous wrote:.75% commission on a 1.5 million house is $11,000.
That isn’t chump change. You are damn right that I will get what I pay for when someone is getting that much dough out of my pocket.
Talk about focusing on the wrong thing.
Anonymous wrote:I agree. A total of 3.5% is common now but realtors are still pushing for 5% commission. They do get a sucker or two now and then otherwise business is down for them.
Anonymous wrote:You all have heard of finders fees, right? Or know that political fundraisers are paid a percent of whatever donations they bring in? Or know that M&A brokers get a cut of the deal if they bring together the 2 parties? Or “strategic political advisers” get paid by Qatar for securing a big meeting for their client? Or media buy brokers get a cut of every buy?
Each of these people can make millions on a single introduction / race / ad / etc.
Compensation isn’t always a 1-1 to effort or time and anyone in business understands this.