Another factor to consider is the agent typically splits the commission with cooperating brokers if they help sell the home. Then they typically have a split with the agency they work for and then taxes. So after all said and done the amount of money that will go into the agents pocket is peanuts. I'm not sure you will get top notch service for that amount.
Licensed Associate Broker
Accredited Buyer Representative
GREEN Designated Agent
William Raveis Legends Realty Group
It is commonly understood that realtor's professional fees are negotiable. However, in the event you are seeking to discount these fees to 3-4% you would likely end up with a discount broker....one that offers less than full service.
As you mention, you should be concerned about your home's exposure. The reality of using a less than full service agency would likely decrease the level of service you receive......
If this is your plan, we recommend requesting an account of the agency's comprehensive marketing plan in writing. This documentation should spell out everything they plan on doing to sell your specific home. It will also provide you with a guide to use when keeping track of your home's sales progress.
1-2% would definitely find you with a discount brokerage and seriously limited services that may not include much more than listing the property on the local MLS and putting a sign in your front yard.
The important thing is that you receive value for the commissions you pay, because while you may not get what you pay for, you probably won't get more than you paid for!
Keep in mind that a lot of great agents who are getting tremendous exposure aren't getting their listings sold . . . that doesn't mean that you can get a property sold without going "all out," but it does mean that you really have to make agents want to show and sell your property.
All the best,
Laura's suggestion is a great one and I would also recommend rockinblu's blog: http://rockinblu-rockinblu.blogspot.com/ which has a lot of good information for fsbos (although I noticed a certain obsession with cars on my last visit). It may take a little searching to get to exactly where you need but he has pretty much anything you may want to know regarding the fsbo process.
Interviewing and finding an agent who will work well with you and for you is very important. Don't go for the cheapest just because its the cheapest. On the other hand if an agent tells you that you get what you pay for, RUN.
Team Leader/Associate Broker
Premier Realty Team of
Keller Williams Realty-Charlotte
You could consider listing your home with a flat fee agency which is less expensive. They won't market your property as extensively but at least you'll get it posted on the Multiple Listing Service for agents to see.
Hope this helps.
Prudential Connecticut Realty