One of the biggest misconceptions out there is that "internet marketing for real estate is free", so why should a seller pay a high commission. The truth is that the internet is FREE for the BUYER, but extremely costly for a real estate agent. A buyer can browse and look until his heart is content for little or no investment on his part. A real estate agent, however, usually pays ALOT of money for themselves and their listings' online presence. And these fees are rising everyday, as print media looks to recoup some of their losses from previous years. (I heard my hometown paper in Toledo is going to be charging subscription fees for their online news service, as their subscription rate has dropped drastically for home delivery.)
Plus the time investment needed from an agent to market their properties online is enormous. And time is money.
Another note, regarding commission discussion. I do not believe it is a violation to discuss commissions online with a consumer; it is only a violation to discuss commissions ANYWHERE with other AGENTS. But a good agent would never discuss their commission, online or off, without first seeing a property and conducting an interview for needs and wants.
Good luck with your search for an agent. I wish you the best.
Even if I don't spend a dollar on advertising.
There is no easy way to find out - you have to speak to the agent directly; many offices will not quote you a fee on the phone, you'll have to talk to the agent.
Here's a tip - if the conversation starts out with, "what's your fee," the agents eyes are likely to glaze over. Think of it as going to a job interview and the first question the applicant has is, "how much you gonna pay me?"
However, if you can get free staging, paid big newspaper advertising, unlimited open house, and broker tours, and share for closing cost etc. Do not hesitate to pay full price. In California, some agents will advertise on TV for you for free to get traffic. I am weary about agents claim they are good and will do a lot of
paid membership like internet and actually do not put in much effort (time) market for you.
Commission rates do vary from agent and company, however so does service. Please keep in mind you want an agent you feel can do the best job for you, there is more to consider than just commission plan.My team sell's in the Parma Market and we have a great marketing plan I would be happy to discuss with you please contact me direct at 440-342-0269 or firstname.lastname@example.org
Michelle Green @ Howard Hanna
Please feel free to look at my website as well as my testimonials.
Now, will every agent negotiate...no, but some will.
I'd recommend that you sit with a couple of agents and hear what services they offer people in your situation before negotiating.
If negotiation on commission becomes the centerpiece of your relationship, you're off to a bad start. I'd like to say that you get what you pay for, but with Realtors this isn't always true, you may get an agent willing to bust his tail for 1% while another is a lazy sloth at 4%.
I'd focus on your needs and goals and determine who is the best fit for you and THEN decide if you want to negotiate fees.
A cheap oil filter is nice now, but in half the time is worn out and causing your vehicle problems if you know what I mean!
I'd be happy to help get you connected to a great agent in your area who will work hard and maybe even negotiate their fee! Contact me if you're interested. email@example.com
Your plan to interview several agents is a good idea and highly recommended. During the interview process you will be able to ask questions regardiing marketing plans, experience, commission plans, etc.. which will help you to determine which agent and company will provide the services you are looking for. There are many factors to consider when choosing someone to represent you in what, for most people, is their largest financial transaction.
I hope this helps! Please feel free to contact me directly if you have any additional questions.
Your best option in selecting an agent is to get a referral from a family member or a friend. Outside of that, you are definitely right in your interviewing them! Be mindful though of any agent that thinks they can sell your home for a dollar amount far greater than what others tell you. They are just trying to get you to list with them!
If I can answer any specific questions, please don't hesitate to contact me.
Art Hotes ~ RE/MAX Omega
PS: My Testimonials section on my website is listed below for your review. :-)