This is where the old adage rings true: "You get what you pay for". If you think having a Realtor sell your home is expensive, "Try having a Bad Realtor sell your home".
My Tips are:
1) Consider the Agency that will be listing your property (The More Notable the Better)
2) Consider the Realtor that will be representing your Interest (Hire a FULL-TIME Realtor)
3) Consider how your home will be marketed (HOW are you going to sell my house)
4) Know that homes are taking a little longer to sell due to the down turn in the economy
5) Pay a fair wage (Fact: homes with Higher commissions and bonuses are shown more often increasing your opportunity to sell)
This is probably not what you want to hear but I hope you find this information useful. If you have any other question, Please contact me directly.
Broker, Training Manager
Century 21 American Properties, Inc (South)
Yes commission are negoitable. somewhat.
Look at it this way, would you take 10% less pay for the same work you do now?
So Ask how the Realtor will market your property?
Regards, Denise Phillips, Century 21 American Prop.
All commissions are negotiable. That said, in CA, the seller usually pays 5%-6% of the purchase price in commission. This is split between the Listing Agent and the Selling Agent (Buyer's Agent).
And those numbers above includes both "sides" of the transaction: what the seller pays the the listing company to market the property, and what that company pays to the agency representing the buyer.
So a 6% commission might be 3% ot the listing company to market, and 3% to the buyer's agency.
In the end, the seller decides what commission he or she will pay, and what their asking price is.
I would be happy to discuss commission and pricing strategies for your particular situation. Call or email me if I can help.