The best approach however is to find an agent that is knowledgeable and trustworthy, give him the listing and sell the property for the highest price the market will command.
If you want a cut rate agent, that is what exactly what you are going to get. If your agent can't keep you from hammering him on his/her commission then how is he going to keep the buyers agent from hammering you on the sales price.
If your interested in speaking with an agent who is both knowledgeable and honest and will list your property for 3%, I would love to talk.
1. Every transaction should be a win-win, if one party feels that the other party is trying to short change them, the work will not be 100% and there may be a waste of efforts on either party.
2. Treat everyone fairly, if one feels that they are being used, they will not fully enjoy their work and the end result may not flourish for the owner or the agent.
Best of Luck,
Josh Barnett, Realtor
Metro First Realty
In my state (California) there are brokerage rules for this type of listing (called "net listing".) Most brokerages would not accept it, but it's "possible" there would be one that would in your area.
It is the buyer (not the listing agent) who determines the worth of the property. In other words, no matter what anyone thinks they can get for the home, it's only worth what someone is willing to pay for it.
You know what they say though in the legal world about representing yourself.
I would also think about your business and how fees are perhaps negotiated.
If I thought a lawsuit was work X, but you thought you could get Y, would you take a reduced fee if you couldn't get it?
Some probably would, some wouldn't.
You need not only pricing history but sales trend in the neighborhood.
Yes, you can sell your home yourself. I'll help you do that.
Claire McIntyre, Architect / Broker-Realtor / Property Manager / Builder
MMI McIntyre Associates
Of course a commission schedule can be set with variables. Great that you have interviewed a few agents. Not so great that the ones you have interviewed can't think outside the box they live in. I'd be happy to discuss options with you.
Bill ~ 512-709-6343
Generally speaking, states want real estate brokers to be able to do business and for property owners to not get fleeced by them. The "net listing" is an opportunity for fleecing, because it allows a broker to prospect for sellers who undervalue their property and allows them to keep the difference.
In most states, the objective is that the broker works to get the property owner the highest price. Do you see a difference?
I appreciate your questions. After 15 years in real estate, we've certainly heard this before and your question really has merit, especially in a hot real estate market like ours. My brokerage offers a few unique variable commission programs that would likely interest you. One is our Pricing Promise, which we designed to protect sellers from inflated or lowball pricing. Here's how it works: if you decide to list your home for MORE than the price we recommend, we will only earn commission on the amount we projected your home would sell for. If your home sells for LESS than our recommended price, we'll reduce our total commission by TWICE the percentage of the difference. We also have a Quick Sale Clause that dramatically reduces our commission of the home sells within 14 days of hitting the market. Message me if you'd like me to send you more information, or we can meet to review the details of course. On your timeline...
Broker, Keep Austin Weird Homes
Like someone else said, do your professional fees go down when your client doesn't achieve their desired results?
We offer a great listing program,(please feel free to visit my webpage to learn more) and the market is such where good listings aren't lasting long.
Please feel free to contact me anytime.
I happen to be one of the top listing agents in Austin, am Master Instructor who specializes in Listing and marketing Homes, and have a lifetime total of $900 million in closed volume! Feel free to click on my name and review my Credentials and Client Testimonials as well. Trulia just did a migration so a lot of my testimonials did not come across for some reason, but you will get a good idea of my expertise, experience, and most importantly to youâ€¦ Results.
Joe Jarusinsky Realtor/Master Instructor Keller Williams Realty, Austin's #1 Real Estate Company, Ranked #1 by Buyers and Sellers (JD Power & Assoc. 2012)
2. Commissions in Texas are always negotiable, so there is no problem proposing your commission plan to the agent. I think you'll quickly find out if the agent is trying to "buy" your listing or if they really believe strongly in their assessment of value. If they don't buy off on it, then you will have your answer and can move on to the next agent.
Guy E. Gimenez ABR, CRS, GRI
Broker / Owner / Investor
The PowerHouse Group
does that apply to attorney's regarding fees.
IF client does NOT have out come in your representation do you REDUCE your professional fees?
Lynn911 Dallas Realtor & Consultant, Credit Repair Advisor
Multimillion Dollar Sales Producer
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If you need another opinion, give me a call and I'd be happy to come take a look at your home.
Best wishes for a speedy sale!
Keller Williams Realty
Since you're an attorney, you're in the ideal position to put in the exact legal language for performance on the listing.