All homes will sell at the right price, regardless of what you offer an agent.

What is your agent doing to market the home?

How well does your agent manage leads?

How are you priced compared to homes in your area?

How good does the home show?

Do you have many pictures in the ads?

Does the springs MLS offer reverse prospecting?(type in listing info and a list of agents that have buyers with that criteria pop up.)

Does your price reflect the condition of the home?

Is it easy for an agent to show your home?

My list of questions is just a way to show that what you offer is not the only factor, you home will sell based on multiple factors and the % is only part of that, some agents might say they won't show the home, some will say they will. The most important thing is will a buyer find, like and buy the home.

The agents that say they won't show the home are probably desperate for a commission and therefore wouldn't have any buyers anyways. They will counter with the agent that shows a home at the discount is the deperate one but that can't be true because people want to work with someone who is looking out for the buyer and not a greedy agent.

They will also state the average %, but I have not found one acurate post as to what the actual average is.
You can find the average here: http://www.usdoj.gov/atr/public/real_estate/save.htm

Only you know what you are willing to pay, that is your choice, will it have an effect on how many people view your home? Minimally

Will an agent on here bash you and compare themselves to a doctor or the President? Yes, after all the President doesn't work at a discount.

Here you go Red,

A few hundred more comments from agents on the Topic of Low Commission

http://www.trulia.com/voices/Home_Selling/Can_low_commission…

I think it would be worth your time seeing what many agents discuss as common practice and the views of many agents as to what they should receive for Commission, Flat Fee Services, FSBO's ect.....

Many agents suggest you would have issues.............

You would hope not. I can't speak for other agents, but I show everything to my Buyers. I don't want to have my Buyer miss out on anything. I have heard of realtors not showing 2% listings. As a Seller's agent, I tell my Sellers to give 3% to the Buyer's agent. I don't take chances like that. Lots of Buyers don't want to pay the extra to the realtor. (the other 1%) In fact, they may look at another home instead of paying the 1% to the Buyer's agent.
Hope this helps,
Gilda Baxter GRI, SRES

Red-
I have a Buyer agency agreement to be paid a minimum of 2.8% so the Buyer would have to make up the difference...
A lot of agents actually recommend INCREASING the commission to the Buyer's Agent or offering a "bonus".
I think reducing the commission muight be"shooting yourself in the foot" and you may not sell your home at the current price. 6 months from now, when your home is still on the market, and you lower your price...how much did it save you?
Good luck!

Red
The issue of concern I would have is that in the finances of real estate, commission, it sounds as though your agent could be hurting you.

First, if the key selling point of you selecting this agent is their commission rate, what if other issues come up during the course of negotiation? What other skills has the agent demonstrated to you that would cause you to hire them?

Second, in the current financial environment it takes a lot more to sell a home that to list it and put it in the MLS.
What advice has your agent provided regarding preparing your home for sale?
What features in your home does your agent think should be promoted and offer the most value to buyers?
How does your agent plan to respond if it turns out that the buyer is not financially qualified? Have they explained how they plan to pre-qualify buyers BEFORE they submit an offer?
Do they anticipate any appraisal problems.? (see link)
What is their marketing plan?
Have they discussed the anticipated results from their marketing plan? The average response from a property that is property prepared for sale, marketed, and priced is 10-12 showings or one offer in the first two weeks on the market. What will happen if those results are not achieved?

Good luck.
http://online.wsj.com/article/SB124450388959795613.html

Personally I think that if an agent is only looking at what their commission is going to be then they are not best serving their client. I never look at the commision when I'm showing clients property. They may fall in love with a property that only has a 2% commission and who am I to not show them a property that could be the perfect fit just because of the commission. My clients are ALWAYS my first priority not the commission.

As Colorado law dictates commissions are negotiable. It you are trying to get out from some debt and that is all you can afford to pay then that is your choice. As a Buyers Agent I certainly would not screen out your house however if I felt that you were being greedy and the house was overpriced I would just write my commission back in with the offer. Best of luck in a speedy and profitable sale.

Yes, in that you are reducing the buyer pool by not paying a "full" commission, either because some agents won't show it and/or because buyers may not be willing to pay any differences. To compensate, consider alternate, sometimes free ways to generate buyer leads yourself. Just be sure potential buyers are at least pre-qualified if not pre-approved, and are able to prove it on lender stationery that you will turn around and verify.

Thanks, and good luck!

Norberto
719-304-9363

Of course not. If you only want to pay 2% that's totally up to you. We show our Buyer's everything that fits their needs. Most Realtors have Buyer Agency Agreements with their Buyer's as to how much their commission will be and who's responsible to pay it. We definitely don't work for free. We leave our families at all times of the day and evenings and search for properties and send emails and contracts during all hours of the night. Here's an example of what might be in the Exclusive Right to Buy Contract...Compensation to Brokerage Firm 2.8% (or whatever percentage) of the gross sales price or whatever percent higher then 2.8 that is being offered by the Seller or Listing Broker. Broker is authorized to obtain payment of the Brokerage Firm's fee from the listing brokerage firm or seller. Buyer shall be obligated to pay any portion of Brokerage Firm's fee as described above in subsection 8a which is not paid by the listing brokerage firm or seller.

Therefore you may limit the amount of Buyer's who choose to see your home, since they may need to make up the difference.

Being a Buyer's agent I can tell you that people are wanting to see tons of houses before making a decision. They are also starting to look way before they need to move so that they can try for short sales which take a long long time to get closed. I just closed a home on Tuesday with a buyer who looked since last November. Her folder was 4 inches thick of homes that we looked at and offers written on bank owned and short sale homes. It's an extremely long process these days and just like you expect to get paid when you go to work, I expect to get paid when I go to work. Many of these transactions I break even or worse. Fortunately, some Buyer's know exactly what they're looking for and don't require that much work so maybe it all evens out.

If your home is priced better then the comps then the difference may be worth it to the Buyer's. It may depend on what price range of home you're selling. I would guess that 90% of today's Buyer's barely have the down payment to purchase their homes. The $8,000 tax credit has brought out many Buyer's in the under $250,000 range. The other big influx of Buyer's these days is Investors with cash and they are going for the extreme deals. They're awesome to work with, no emotions, just the facts and some of them trust our Team so much that they make purchases on homes without even seeing them.

Good Luck to you, I hope yours Sells quickly and you move on with your dreams!

Sandy Kinslow
The Kinslow Team
Coldwell Banker Residential Brokerage

Depends on what the individual buyers expectations are as compensation for their services in your area. If you happen to offer less than what buyers agents expect as compensation, then Yes. If it is in line with the individual buyers agents expectations then no.
It's just like everyone who is working or employed. If a company is offering a salary of $30,000 for a particular position and other companies are offering a salary of $35,000, $40,000 ,etc for a similar position --

Then most likely the number of job hunters who may apply for the same type of postion will more likely apply for the $40,000 position and less will apply for the $30,000 position. Of course there are always mitigating circumstances.

Hopes this helps

The very least I see a listing agent offering a buyers agent (in Minnnesota) is 2.5 percent for a foreclosed home. Most listings are offered at 2.7 percent followed by 3 percent. However my family sold a house in Florida several years ago where the agent offered 3.5 percent (and it was well priced). We sold in one day.

Are you FSBO? It'd be better to increase the buyer's agent commission, in any event.

Yes. I have been selling real estate for 14 years and although I would not sceen your home out of my showing I know many Realtors who would.