Profile picture for user0155368

I am selling my home by owner, realtors are welcome, what is the going rate for commission if a real

realtor brings a buyer to the table?
  • August 29 2012 - US
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Answers (11)

Best Answer

There is no set commission rate. However, most homes listed on the MLS in California range between 2.5 and 3%. Hope this helps.
  • August 29 2012
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There is no "set" rate, but what I can say is that in Arizona, most homes pay the buyers side between 2.5 and 3%
  • August 30 2012
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Profile picture for user0155368
@ Gil  Even if you are going to give the Realtor their commission?
  • August 30 2012
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With for sale by owners, most agents get discourage and buyers will always offer you less.

  • August 29 2012
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Profile picture for Dunes ..
In my opinion saying/suggesting that using a Flat Fee Brokerage is the same as showing up incourt against the state attorney without representation is not an example of sharing an  "educated opinion"

It's an example of sharing a silly opinion..
May not think it's as good as what you're selling but it's not like showing up incourt against the state attorney without representation
IMO....

 Dept. of Justice
Competing Models of Real Estate Brokerage
  • August 29 2012
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In my educated opinion, a flat fee brokerage is when you pay someone to provide some exposure and pay a buyers agent to go against you. I do not call that the best deal. That is showing up incourt against the state attorney without representation.
  • August 29 2012
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Profile picture for SeanLentz77
It really depends what part of the country you live in and how aggressive you want to be!?  I would try out the FSBO route for maybe a month then step it up to the next best thing through a Flat Fee Brokerage in your area.  Do some research and make sure you're getting a good deal though.  Your odd's of selling when your house is on the MLS and ALL the other major web sites is a huge huge help.  
  • August 29 2012
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Profile picture for CallTheSisters
Agents are independent business people they set their own rate of commission.  Usually when dealing with a FSBO the buyers agent has to carry all the responsibility in the transaction.  They may charge you more.
  • August 29 2012
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Offering a commission will help agents who have buyers under contract show your home.  Some agents are uncomfortable and may steer buyers away because if usually will be a lot more work to handle both sides of the deal.  Make sure to offer the going commission rate for your area or even more to create excitement for your home.

The biggest problem for sale by owners have, in my opinion, is that buyers automatically deduct the commission from your price.  I hear it from buyers all the time, "well, its a for sale by owner, so we can take 7% off right?"

You may want to consider getting a listing agent who offers a flat fee, but will have the experience and knowledge to negotiate on your behalf, price the home correctly and market it professionally.  You may end up with more money at close than doing it by yourself.
  • August 29 2012
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Yes, everything is negotiable.  Please keep in mind that a buyer's agent ends up basically doing both sides of the transaction since most home owners don't know about all the necessary disclosures and procedures.  There is a reason there are real estate agents.  There's a lot of legal exposure when you represent yourself. 

Also, EQUALLY IMPORTANTLY, if you consider the statistics supporting higher sales prices tied to amount of Internet exposure, you'd want to work with an agent who has as many affiliates as possible.  For example, at First Team, when we take a listing, it goes onto 500 of our affiliate websites... that exposure should more than pay for our side of the commission.

So you may be saving money in your mind, but you could be losing it in lost marketing opportunities not to mention legal exposure.  Unless you're an attorney, I highly recommend that you work with a Realtor.  Wishing you the best of luck selling your home!  :)
  • August 29 2012
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You need to negotiate a commission with each  indvidual Buyer's Agent.  There is no set commission. 
  • August 29 2012
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