cheapskate - commissions are negotiable........interview a few agents and see what they tell you.
The question is....if you only pay 3%, what part of that would be shared with a buyer's agent?
Maybe you need to have this (break down) explained to you....maybe you don't care about having your home on the MLS, and just want an exclusive listing with 1 agent...I don't know, but I do know you need to sit down and understand what it is you're asking!
There's an even better 'sounding' deal out there that a NY professional may want to offer you.
That deal would be...."I'll sell your home and charge you NO compensation!"
First, you and I must agree on the price you WILL sell your home and you SIGN that CONTRACT..
Then, I (the agent)will keep 100% of every dollar above that amount.
How could a cheapskate turn that deal down?
Be aware, you WILL get what you paid for. Are you ready to dance?
Real estate in New York City is different anyplace in the country. Given about six seconds of thought, most NYC professionals will see the opportunity.
Tell me, wouldn't you prefer a situation where you can see what is going to take place such as what is provided via a traditional sale with appropriate compensation or discovering months down the road your 'cheapskate' agent pocketed an equivelant 18% compensation. Which would make you happier?
Real Estate professionals are engaged in business, this is not a hobby. There's comes a point where saving money is going to be truly costly.
Thanks for your question.
Contact me and I would be happy to take a look at your home and see what can be done to get your home sold quickly.
Keep in mind that any agent who offers these "limited service" agreements is going to do the minimum amount of work. If there are any issues that come up during the contract, you're pretty much on your own. Hire an attorney. Your money will be better spent.