Another option is to work with a discount broker. They range all the way from ones who cater to FSBOs and often charge just a few hundred dollars to put your listing on the MLS (but don't offer other services, or charge for them) all the way up to some agents who say they're full-service but charge less. They might, for example, offer to charge 4-1/2% total. That split might work out to 3% for the agent who brings the buyer and 1-1/2% to the listing agent. It's all negotiable.
Remember, though, that the agent who brings the seller probably will expect his/her full commission.
And it's not really practical to try to find an agent and require that he/she handle both ends of the transaction. It just doesn't usually work out that the listing agent is also the agent who finds the buyer. So while you certain can say to an agent: "I'll give you half the commission but you not only list the house but have to sell the house, too" but few agents would accept that arrangement and you'd probably end up with an unsold house.
And, finally, it's a cliche, but you pretty much get what you pay for. If you pay less, you'll usually get fewer services. If you understand that, fine.
Hope that helps.
I will help you sell your house fast and at the highest price.
1. You could FSBO (sell by owner) and avoid all commissions
2. You could spend some time trying to find a traditional agent willing to negotiate a lower commission rate
3. You could work with a discount, MLS entry only broker who'll just list your home on the MLS for a few hundred dollars, provide little or no other service (this varies from broker to broker, do your research)
4. You could work with a full service broker charging just a flat fee as listing commission but doing the entire (traditional) work.
Any of the above except the FSBO route will require you to pay a buyer agent commission to be able to list on MLS.
There are quite a few companies out there covering all options above (including us, of course).
Take a look at our website to see the different options and choices we give you, at different price points depending on how much or little work you are able and willing to perform. Our so called "owner managed" listings where you do most of the work, but with some crucial assistance from us start at just 195. Our full service, "agent managed" listing service where we manage and perform the entire selling process costs a flat fee of 2,950. Even better, if the buyer is not represented, you do not owe any buyer agent commission.
Give me a call or send me an email and let's discuss further what's best for you.
Founder/Broker of Propertio
Real Estate Express, Inc.
I generally don'tt find that the agents I consider to be the "best" agents are the ones who proclaim they are # 1. The best agent likely isn't the one with the most listings, the highest productions, or their face on a big billboard ...
The things that the best agents do for you as a seller are guiding you to prep and price your property correctly, the best agents are experts at writing good listing descriptions, make certain their listings have ample and excellent photographs, and takes time every week to discuss the marketing of your home with you - either via phone, letter or email, or face to face. A great agent is really good at the nuiance of presenting your property in the best possible way.
The best agents don't advertise THEMSELVES all over your home flyers (yes, that's a pet peeve of mine).
The best agents don't spend much time marketing themselves to strangers on the internet -- the best agents are busy working with buyers and sellers who already know something about them -- they are working with clients who were referred to them via word of mouth, or because of a prior experience buying or selling. Quite frankly, you should not care ONE IOTA if the best agent in your area turns out to be an expert at writing on Trulia! Some of the best agents take some time out of their schedules to write on these guides, but not all.
So, my advice: Quit focusing on the idea that you're going to "save" 3% in fees.
Focus instead, on WHO are the best agents in your area, take the time to find and interview at least 2 or 3 agents. Get those personal referrals! I'd be surprised if you didn't come away from your interview process with some refreshed excitement about working with a true professional, and also I think you'll be more willing to pay the fee that an expert agent commands.
When interviewing, please don't discuss the commission or fee first --- let the agent make their presentation to you in their own way. Be patient, and hear what they've got to say. Listen first, discuss second. It's what you do when you're interviewing for a job - give the agents you are interviewing that same courtesy.
Ask as many questions as you want, and if you still feel you wish to ask for a discount or a lower fee, do so; but don't be surprised if the agent says, 'no that's not how I work'. It will always be your choice as to who you work with. Simply stated, take the time to find who is the best, and find out why.
In my view, a top-notch agent can get you a higher selling price than a marginal agent. A top-notch agent will get your property sold, vs. just letting it sit. And sit. And sit some more. And, a top-notch agent will know who you are 6 months from your closed transaction date, or several years. They won't forget you.
Find, and interview agents, and choose someone you feel works hard, and earns their living because of skill and knowlege, not someone who simply lists anything, at any price, at any fee ... and hopes for the something to happen.
Work with someone who makes things happen, and listen to their advice. You'll be well served.
This is primarily getting the property on MLS and marketing the property, which is the hardest part.
You can market your property to Real Estate agents in the area and let them know you are willing to pay them a 3% commission for bringing you a buyer.
If they do bring you a buyer, most agents will be willing to handle the entire transaction, since their commission will depend on it.