Hi Michelle!

Great question!! Commissions are ALWAYS negotiable! It is illegal for a real estate agent to "set" a commission rate. Typically buyer's agents receive anywhere from 2.5% to 3%, however, there are some sellers that offer a flat fee and some sellers that offer a higher commission or even bonuses (2.5% plus $1000) in an attempt to obtain more buyer traffic. That being said, if your home is a home that a buyer desires and an agent is working with that buyer, the agent should approach you (just as Nichole mentioned) with a proposal for an agreed commission. You can agree or disagree with the request and negotiate a rate that you are willing to pay.

But beware!!! Many real estate agents use this tactic to get in the door and will then solicit you for the listing!

Have you been approached by a Realtor? Did they schedule an appointment with a qualified buyer?

Please feel free to contact me if you have any further questions or need assistance. I have work for Prudential Starck on Randall Road and I too live in Gilberts! I have some great FSBO information that may help you!

Good luck!!!

Michelle Lawler
Prudential Starck Realtors
Cell: 630-404-2646

MICHELLE,

USUALLY AN AGENT WHO WOULD LIKE TO SHOW YOUR PROPERTY TO A BUYER WOULD APPROACH YOU WITH A PROPOSAL FOR A COMMISSION IF THEIR CLIENT PURCHASES YOUR PROPERTY. THERE IS NO SET COMMISSION SPLIT. YOU CAN NEGOTIATE WHATEVER COMMISSION YOU WOULD LIKE TO PAY.
IF YOU NEED ANY FURTHER ASSISTANCE, FEEL FREE TO CONTACT ME AT 708-646-6533 OR EMAIL AT nlathus@yahoo.com .

HAVE A WONDERFUL DAY,
NICHOLE LATHUS
MCCOLLY REAL ESTATE
708-646-6533

Daniel says: Fact, "houses offering 3% to the buyers agent out perform those offering 2% or in your case 0%"

Since you present this as a "fact", please provide some evidence of this... a link, a study... what? I am unaware of any study that shows this to be true.

Michelle,

Thanks very much for the BA vote and again good luck. You can do it!!

ohh daniel,

give it a rest! lol

Michelle,

Fact , houses offering 3% to the buyers agent out perform those offering 2% or in your case 0%

If agents were so concerned about their clients well being, they woulnt give a ratts rear about a commission, and would show your home as many phoney realtors state, fact is, your door bell isnt ringing.

Obviously Ms Realtor has seen your FSBO sale, right.... and Im sure a few have said that they will show it for what?? a pay check?? Now since we check mated Old Rocking Dunes.....

If all properties are equal, what will make your home stand out? the wall paper? Dont think so.

Capitalistic greed will always win out!

Acouple of things to keep in mind:

If you don't disclose that you are cooperating with agents and offer up a commission, your home may not be shown...OR ...the buyer could be responsible for paying a commission, which could turn some buyers off.

Since you are not licensed agent, the buyers agent will ultimately be responsible for all of the paperwork. Offer a litlle more that you may pay to entice the agents...especially with all of the extra work.

By the way, there is no standard commission. It's all negotiable.

Michelle,

When my agent fired me I went FSBO. I had saved all the agents' business cards from the various showings we had while we were listed. I emailed all the agents a link to my ad on Zillow to refresh their memory, and informed them as a FSBO I was offering a 4% buyer agent commission. I didn't hear from a one of them. Another agent approached with a buyer and requested 2.5%. Go figure. I agreed that if her buyer would buy, 2.5% would be fine (obviously). An unrepresented buyer came out of nowhere, and the rest is history.

Michele,

rockinblu is correct, buyers dont care.

I would guess that the only reason to pay a buyers agent is that you need buyers, correct?

Simply offering a commission will not bring anymore buyers than you are currently generation by your own marketing.

If you list your home with a flat fee realtor, offer a higher than agerage buyers commission, you may break thru all of the other listings out there. all your choice

Michelle,

Most of the agents are not going to comment on any kind of going rate. There are two schools of thought on this site. One states the more you pay, the more showings you get, and the faster the house will be sold. The other is that the buyer actually decides, and he/she couldn't care less what the agent is paid. My guess is that 2.5% to 3% will get the job done. Since you are doing a FSBO you may be interested in the info attached to the link below. Good luck.

http://www.trulia.com/blog/rockinblu/2008/08/thinking_about_…

everything is negotiable

the norm across the country is around 6%, , paying a buyers agent 50%

now you can pay less or sweeten the deal, knowing that realtors get paid by commission and up your offer

its all up to u

you can also find a flat fee realtor, pay the dude 250 bucks, offer all commissions to the buyers side, and watch your phone light up