Trulia Voices Real Estate Q&A in Greenwich Village

Donna
Donna
Buyer & Seller

I will be selling my 1 bedroom apartment in Greenwich Village sometime this year. I'd like to know about

selecting an agent to sell the property. Do commissions vary among agents? Can you negotiate the commission %? Thank you!

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Richard Lasser
Richard Lasser
Home Buyer
98110
Wed Oct 8 2008, 23:30

I might be interested in buying it. Please send details to Richard Lasser. My email is offyougo@gmail.com
Thanks

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Diary Of A Real…
Diary Of A Real…
Real Estate Pro
New York
Fri Feb 22 2008, 16:52

You should interview three agents, preferably people who have been referred to you by happy customers.

Ask each agent about their commission -- and also about what they're going to do to EARN that commission. Every single New York City real estate agent is going to put your listing in the same database -- but what else will they do? Are they buying you ads in the New York Times? What about shooting a video?

What kind of open house schedule are they going to run? Can give they give you a reference from the last apartment that they sold? What was easy and hard about that sale?

I'm happy to talk to you when you it's time for you to interview agents. I'm a nationally known real estate writer, and a local agent -- my office is on 16th Street. Plus, when you hire me, you get my boss, who has been selling apartments in the Village and Chelsea for two decades. (I went to work for him after he sold me an apartment in the John Adams on 12th Street).

Our goal is to make sure you walk away from your sale having had the best experience possible, with the most money in your pocket that you possibly can. We'll take care of you, because we wouldn't stay in business if we didn't.

Ali
---
Alison Rogers
author, "Diary of a Real Estate Rookie"
Insider Real Estate Tips with a Twist of Humor: http://tinyurl.com/2ag28z

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Aileen-Manhatta…
Aileen-Manhatta…
Real Estate Pro
New York
Sat Jan 26 2008, 07:35
BEST ANSWER

Commissons do vary and are negotiable, but it's common for the seller to pay 5%, 6% or even 7%. Theoretically, the more the seller offers to the buyer's broker, the greater incentive to ALL the remaining agents, Realtors and brokers. The commission split for a 6% commission is 3% to the seller's broker and 3% to the buyer's broker. It would also be an even split when paying a total of 5%. However, I've seen sellers offer 4% to the buyer's broker in circumstances when they're very motivated to sell right away. Again, all of the above is negotiable between you and whomever you hire to represent you.

You didn't ask which brokerage to hire, but since you've already received this unsolicited information. I'll add that only Coldwell Banker has a global network. We have offices all over the world. No other broker in Manhattan can state that.

Coldwell Banker also requires it's agents to be Realtors - providing sellers with experienced and ethical professionals. Sellers who hire Coldwell Banker get their listing featured on Realtor.com (the highest ranking real estate web site) as well as providing the seller the best national and international exposure possible. Why is this important? Buyers look for their home online. If you want professsional, ethical, experienced and guaranteed marketing, then Coldwell Banker is your best choice.

Please feel free to contact me, if you have anymore questions.

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Joseph Ferrara,…
Joseph Ferrara,…
Real Estate Pro
New York
Sat Jan 26 2008, 06:03

Yes, you can negotiate the commission and commissions do vary.

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Gerry Vazquez
Gerry Vazquez
Real Estate Pro
New York - Long Island
Fri Jan 25 2008, 13:45
FIRST ANSWER

Absolutely you can dicker on the commission--although you'll need to carefully weigh realtor fees against what you'll actually receive. In a super competitive market like NYC, you'll need a realtor w/the skills, tools and network to get your maximum exposure to the right buyers and then negotiate and close the best possible deal. A realtor w/o the skills, tools and network will cost you more money in lost time and price than you'd pay the right full-service agent. I would give serious consideration to enlisting a Prudential Douglas Elliman agent for these three hugely important reasons: 1) they have the largest and best trained agents in Manhattan; 2) they do the largest and smartest marketing; and 3) they have the largest client base of sellers AND buyers. Email me at Gerardo.Vazquez@prudentialelliman.com and I'll give you the names and contact info of 3 great agents for you to interview.

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