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May 8th, 2018 9:54 AM


Barbara’s Blog:

Real estate brokers normally charge a commission for listing and selling your home.  The rate varies, both by region and according to the service level.  In most areas the commission is calculated as a percentage of the sales price and rates of up to 7% are not uncommon.  Like everything else in real estate, commissions are negotiable. 

Discount commissions:  There are brokers and agents willing to list your home for considerably less than the 6% or 7% that might be typical for the area.  Be aware, though, that lower commissions are nearly always tied to lower levels of service or marketing of your home. 

 A full-service agent will spend considerable time and money to advertise and market your home, particularly to other agents in the area.    When considering a low commission, be sure you know exactly what you will be getting, and what you will be giving up.  Does the agent live in the same market area?  Does the agent have access to the community amenities? Does the agent know all the rules and regulations of the HOA?  Will the agent be readily available for showings?  Does the agent offer a fair compensation to a co-operating broker or agent? 

There are many costs that go into marketing a home, and an agent must absorb those expenses, whether or not the home is sold.  An experienced, knowledgeable local agent is well worth the cost of the commission and will lead you to a successful, stress-free closing.   Remember the saying, “You get what you pay for.”

Written by Barbara Doeringer

Posted in:Real Estate
Posted by Allen Doeringer on May 8th, 2018 9:54 AMPost a Comment

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