WATERWAY REALTY, REALTORS
There is no fixed local commission - anywhere in the United States. There are certainly local norms, but any effort to "fix" real estate commissions in any market via broker collusion would be a Federal Trade Commission violation and we'd all be in a lot of hot water.
That being said, the old expression "you get what you pay for" is a good rule of thumb. A highly qualified Realtor will compete for business - you'd have to be way too smug to sit back and tell the world "this is my rate, take it or leave it." Don't let me convince you that there aren't plenty of smug Realtors out there who do just that. Personally, a good listing is worth competing for - I could hope that I'd someday discover that I had too much business to be interested in a good listing opportunity.
Keep in mind that the commission that you offer is part of the marketing of the home. Commissions are our income, so anyone who tells you "I show every home and I don't even look at the commission offered" must be an awful good poker player, if he/she can keep a straight face. Offer a low commission and there are a certain number of prospective, qualified buyers who are never going to see your home. If Agent Johnny can show your beautiful home that offers 1.5% commission and Neighbor Bob's home that offers 3%, guess which one Johnny is going to take his clients to see?
The answer to your question is the essence of a strategic conversation that you should have with every Realtor that you interview. They'll have some advice for you about how to market it - you'll have some entirely deserved opinions of your own about what you're willing to pay and why. An excellent Realtor can make a strong case for his/her advice, but an excellent Realtor also listens to their clients' perspective, as well. If you have a magnificent fly-off-the-market home, you're more likely to get away with offering a low commission. If you're home is one of many similar homes in a particular bracket, you may need to offer an attractive commission as part of your effort to get your home seen first.
Choose a few Realtors and invite them over to see what you have to sell. Like I said, they'll have many suggestions about how you should market the home, and the commission structure will be a part of those suggestions. If you and the Realtor can't agree on any part of the marketing strategy, move on to another Realtor.
If I can help, please let me know. Best of luck to you!
Villa G Realty
Another suggestion is to look at how an agent's listings appear on the Real Estate websites. Realtor.com requires a Realtor to pay extra fees to have an enhanced listing. Some agents will upload really bad photos, too. It's amazing what you will see online.
So good luck and to tell you the truth, the reason why I became a Realtor back in 2000 was I had to sell a $650k property and I sure as heck wasn't going to pay 6%. I found a very nice flat fee Realtor and she ended up finding the buyer and she made $18k and we saved $18k so it seemed to be a win/win. Looking back I think we may have sold a little higher (maybe $30k higher or more) because I don't think that Realtor was a member of the MLS for Seal Beach (California) so Realtors couldn't easily find our listing! So just be careful and don't just jump at the first lowball offer to sell your house... do your homework!
If you offer 3% (with at least $2k going to the Buyer's agent if this is a lower priced property) then you will attract the most enthusiasm by Realtors.
All the best,
Alma Kee, Tampa
Avanti Plus Realty LLC
Island & Reesort Realty
Island & Reesort Realty
Meir Aloni & Team
CRS (Certified Residential Specialist)
CDPE (Certified Distressed Property Expert)
RECS (Real Estate Cyberspace Society)
Successfully selling Broward County since 1986!
Direct phone# 954-338-5220
All Star Realty Inc.
Your rate is whatever you negotiate with your Realtor. Some charge more, and some charge less, depending largely on the services they proffer.
If you haven't sold yet, I would welcome the opportunity to market and sell your home.
The Keyes Company
Per you inquiry on Trulia: <I have a home in sunshine ranches Southwest Ranches, Fl. what is the normal Commision a realtor will charge?>
Call me "Lynne" at (954) 647-5335 Cellular, or email me the Best Phone Number and Time to call you to chat.
Lynne Knapp, RealtorÂ®
ReMax Consultants Realty 1
1625 SE 17th Street Causeway
Fort Lauderdale, FL, 33316
(954) 647-5335 Cellular
Susan Penn PA EWM Realtor
Thanks so much,
Galleria International Realty
I have listings in the Sunshine Ranches area of SW Ranches and although the norm is 6%, you can always negotiate. However, I find that when the commission is lower, generally it is not shown as much as properties listed at 6% by cooperating agents, meaning agents who bring the buyer. I am very familliar with Sunshine Ranches and would be happy to answer any questions you may have.
Galleria International Realty
Cell (954) 648-7334
Make sure you know the answers to the following questions:
1) Will the property be listed on the MLS? (A bargain realtor may not list your house on the MLS, reducing the number of potential buyers substantially)
2) Do they have a serious internet marketing strategy? (If more than 90% of buyers begin their searches online, don't you want those eyes looking at your listing?)
I would want to target your property at a specific market niche, where I have connections. Best of luck!
Keep in mind when you are looking for a listing agent that you don't just go with the first agent that tells you what you want to hear. My investors/contractors that flip property chose Exceptional Properties to list their properties because they normally get the property sold in less then 90 days; and that's if they even need to put it on the MLS. Exceptional Properties works with Erin Catron & Company (a brokerage of Buyers Agents) who deal with over 400 buyers across the US. They concentrate solely on buyers and are able to find you a buyer and close quickly.
I hope I was able to answer your question.
No this home was a 2 bed 2 bath home. The realtor has since taken down the property from the website. Not sure why, but it is no longer listed. If you are interested in any homes in beautiful South West Florida please feel free to visit Stas.PuntaGordaRealEstateSearch.com at any time for free and you will be able to view every property from Sarasota down to Naples!
Erin Catron & Company