MOM KNOWS EVERYTHING
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You can try to sell it yourself, without using a realtor. But that's not smart. That 6% pays for the realtor's expertise, contacts, advertising and promoting your property, and knowledge of what's needed to bring the sale to a successful close. It's worth it. |
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DidacticRogue
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I sold my last house myself, and though I had to pay a 3% fee to the buyer's agent, their offer was 5% over my asking price, so ...
It took about six weeks to get an offer, but I only advertised with an ad in the local paper and a sign in the front yard. They saw the sign in the yard, then contacted a realtor to contact me (I suppose they didn't feel comfortable handling the transaction on their own). |
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newmexicorealestateforms
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The best way to answer is to tell you that nothing in real estate is written in stone, everything having to do with how much and who pays for what is negotiable. Commissions vary depending on the company and the services that they will provide as part of selling your home. You have full service companies that will assist you from beginning to end and then you have limited service companies that will only do what is contracted for them to do. Although companies usually charge what the market will bear, commission rates can not be set to one standard by the area real estate agencies. This would be an antitrust issue and punishable by law.
Therefore shop around and determine the services that you will require and compare not only the commission and services but the reputation and ability to accomplish the contract by the companies you narrow it down to.
Buena Suerte |
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Karen R
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Commissions are negotiable. Each company sets their fees. Personally, I charge 6% on a single family residence. |
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ShortcutHerbal Goody
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From the Course according to Carlton Sheets
Realty Course, I took 13% is the benchmark figure Some go higher and some charge less. The lower the fee the less work your Realtor agent does! You get what you pay for! Why squawk at a Paltry 6%? No reason to do that unless you want a Million $'s for your place! |
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DeltaForce
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Don't get hung up on the percentage. Pay attention to who can actually sell your house! 6% is CHEAP if it means a quick sale at a good price. |
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Wundt
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6%
But there are other fees and expenses in there as well. Read the contract carefully and ask a lot of specific questions. Expect to pay closer to %10 or more by the time the sale is done. |
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Designchc
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3%-6% is the norm. |
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n3wjl
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6% is typical if it is a higher priced house you can sometimes beat them down. They are WAY over paid for the little work they do! |
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mazziatplay
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Negotiate with your chosen Realtor. If he/she won't negotiate, find one who will. Often, if you agree to use the same Realtor for the sale of your home and the purchase of your new home they will be more open to negotiation. |
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nswblue
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Yes - you can sell it yourself - in my location there is a magazine published just for people who wish to sell their own home - good luck!@ |
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SST
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you can list it yourself and do the work; but stats show that your house will be on the market much longer. Also, stats also show that a house given to a realtor usually brings more than the house would if you sold it. The amount being enough that the realtors usually pay for themselves and more. But if you don't have a mortgage that you will be paying when you are waiting for the house to sell, and don't mind waiting longer to sell it; It should be fine to do it yourself. The problem is that the realtors have the advertising readily at their hands and can expose your house to people better, as well as, them being salesmen to boot. good luck. |
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Easy B
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5% to 7% is normal. You can sell it yourself, but it will not be listed in the MLS and realtors will not show it to clients. |
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Matt J
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There should be some realtor that can help on this site. I think
6% is common. You want to make sure that you are giving the realtor a fair deal because it is a lot of work to sell a home and they put a lot of money in marketing your home.
http://www.realestateagentlive.com/ |
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Searchlight Crusade
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Depends upon the service level. Most Realtors will do limited service. You can get it listed on MLS cheap. You can add their services in negotiation and smoothing the transaction for about 1%, which is a very smart thing to do. If you want them to market it, which is where a good listing agent really makes a difference, expect to pay about 3% total. Furthermore, if you're smart you will offer a 3% Cooperating Buyer's Broker commission, especially in a slow market like most of the country right now.
All of the above, except listing, are typically contingent upon sale - not up front fees like most "discounters" will charge. |
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Doug W
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That's average. You can try selling it yourself but it's a lot of extra work. |
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donethat
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Most Realtors usually charge 3 point or 4 points depending on the market, location and whatever other factors they want to through in.
I think that 6% of the selling price of you home it rather steep. It sounds like they are trying to take advantage of you. But if you are looking to sell it quickly that may be the only option.
Realtors are a good way to get your home sold more quickly. They list the home in adds and lists that other Realtors use when they are looking to buy a home for their clients. If you go it alone you should try the newspapers or see if your Realtor would even just post your home for you without any activity on their part, you know, walking someone through or anything like that. |
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