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crewhawk44 | Can I negotiate the percentage that I have to pay a realtor? |
Or, do I have to pay the full 6% |
 |
 
Rrrr
|
You can always negotiate, but remember, you get what you pay for. You need to ask them what they will be offering the buying agent if you want them to lower the commission. They may agree to lower the percentage and take it out on the other agent, which means your property will never get shown, especially if your real estate market is a slow market.
You should interview agents from different real estate companies and go with the one you like the best, but don't base everything on their commission, the agents most likely to lower their commission are the newest agents or agents that have no other work & are desperate! |
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John G
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Yes you can. I just got mine down to 5% from 7%, |
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crazy b
 |
yes, got mine at 4, and some are out there at less, but may require you list for a longer period of time,or have price structures that need to be met if property sits for a while,so check all restrictions on lesser rates. |
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Hawkeye77
 |
Yes it is negotiable |
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Derrick L
 |
Broker/Agent fees are negotiable. I have seen percentages ranging from 2% to 10%. |
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caligirl2
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yes, everything is negotiable.
Good Luck |
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HairyBack
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Your first three answers are very good. Realtors cannot have fixed commission rate. It violates anti-trust laws. |
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Don E
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Yes. It is negotiable.Most of the discount brokers will not give all that good of service.4% is bottom of the barrel.You have to experience it before you will believe. |
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Me
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Yes the commission can be negotiated. My mom had an arangement with a realtor for a 4% commission. Also if your realtor is the one to actually sell it she would get the full commission and in those cases they are more willing to take a cut since they get the sellers and buyers part of the commission. |
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robtkoch
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You're darn right you can negotiate. |
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INACTIVE
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By all means negotiate before signing a contract. If they don't budge then move on to a realtor who will. |
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67bird
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yes you can.. Of course the agent will probably argue with you as he wants the higher rate. Before you sign anything, tell the agent you are looking for the best possible rate and that you will be taking bids from others as well. This will certainly have them offering you a superior rate. BUT do not sacrifice service. I would rather pay 5% and sell my house for full price in 30 days than pay 4% and sell my house for 90% of asking price in 90 days. Good luck |
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HawkAlum95
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I always love this question...it's funny, people love to complain about greedy agents, well guess what, buyers are just as greedy!
When the market was HOT, HOT, HOT...it was easier to justify why the agent should take a little off this commission since houses were selling without much effort on their part.
HOWEVER, with the market slower, it makes sense to pay 6% and perhaps more. THE NAME OF THE GAME IS TO GET THE BROADEST EXPOSURE FOR YOUR PROPERTY IN THE SHORTEST AMOUNT OF TIME. This helps get the property sold! Slashing the agents commission has the opposite effect. If you offer 6% you should have a good flow of agents coming through the home with their buyers. If you offer 6.5 - 7% you should have them lining up to show their buyers.
Also, make sure the property is priced correctly...as an overpriced home will sit, and sit, and sit, and sit....you get the picture. |
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miguelpr69
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Any Real Estate agent that negotiates their commission, is saying I'm not a good negotiator, so I will compensate by discounting my commission. Any good Realtor will save you far more money negotiating for you, than the commission they charge.
Use a Realtor You Trust, And Don't Go After Their Commission.
Author Robert Kyosaki says, "Corporations have boards of directors. You should have one, too." Good Realtors earn a sizable income - and they're worth every penny. The keyword here is "Good" because the real estate industry is like any other - there are plenty of bad agents. Don't hire any agent that crosses your path; Make sure and interview plenty of Realtors and find one that works with investors, and personally invests. When you find your "Realtor Advisor" don't go after their commission. Any good Realtor will have plenty of clients and you want to make sure that you're not playing second fiddle to them. |
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