Redfin will list your home for about 1% plus a competitive % for a buyers agent (2.5-3%)...you might to check there.
Also, Realtors who state "A flat fee such as you are offering will be very difficult to entice a buyer's agent as they may choose other homes to show' should know they are in clear violation of the Realtor's code of ethics, which states a Realtor is obligated to cooperate with other Realtors when it is in the best interest of the client.
Prudential California Realty
I think you need to understand how the commission split works. The listing agent gets paid one amount, and the buying agent gets paid another amount. Usually they are the same, but they don't have to be. Typical commissions from any full service company are going to be 2.5% - 3% for each side - 5-6% total - although all commissions are negotiable.
However, you need to understand that most likely your listing agent is NOT going to bring in the buyer, which means whatever you offer the buyer's agent is their inducement to bring in their clients. If you are talking about paying each side approximately 1%, you are unlikely to get the service level you want from the listing agent or the interest level you want from buyer's agents. In my opinion this does not serve your interests at all.
There are companies (like ours) who provide all the services anyone could expect from a full service company and charge less than the typical 5-6%, but you still have to deal with the buyer's agent commission issue. Unless you are prepared to do a lot of the work yourself, which risks both liability issues and lower sale price due to lack of professional marketing program, you're likely going to have to be prepared to pay more money than that to sell your home for top value.
Lance King/Owner-Managing Broker
I understand that as a seller you are very much concern about the commision you will pay especially that seller is alway have to pay for both side (listing and selling). Commission is always negotiable, but if you want the best service , good marketing, weekend open house and most especially quick sell it is worth paying a good commission but again everything is negotiable.
Which part of San Bruno is your property (Crestmoor, Bel air, Lomita, Huntington, SB Park, etc... in other words East or West?
Let me know if you need help in pricing your home at "NO COST" to you so you will know more or less how much you have to put your property in the market either through broker ( MLS) or for sale by owner.
I hope this helps a little bit.
Crist y Weglinski
I suggest always putting my seller in the strongest control by removing as many objections early on; this includes
Pricing the home competitively
Offering a competitive commission to a buyer's agent
Paying a fair commission to the listing agent
Getting all your inspections up front
Prepare your home for showing.
Interview agents, a good agent should be worth what you pay them, by getting your home sold quickly, with as few repairs as possible, meeting your terms and conditions, closing on time, for the highest possible price for today's market. Focus on your bottom line and future goal.
If you don't have the funds from the sale of your current home to meet your objective in selling, you can try limited brokerage, make sure you understand all your obligations as a seller, what the contract means to you - it could be very costly if something isn't done properly. Also, when a buyer knows that it is for sale by owner (such as those limited brokerages) they tend to expect your savings to be passed down to them.
Best of luck to you.
I don't believe any full-time professional agent would take a listing at 2%.
At 2%, your agent would get 1% and the buyers agent would get 1%.
Trust me, any agent with a buyer would much rather show houses that offer a 2.5% to 3% brokerage to buyer agent.
You can find a discount no service broker who will list your property on mls for $295 - $495 but then what are you going to pay buyers' agent?
Commsions are not fixed - right now, listings are typically taken at 5% to 6% - the higher the value the lower commission rate would typically be available.
You could of course always try to sell it yourself.
I'll take a look at it and give you my opinion if you like. No obligation whatsoever. I've sold dozens of homes in San Bruno.