Home Selling in Baton Rouge>Question Details

Friscoman, Home Seller in Baton Rouge, LA

what are the typical real estate fees in baton rouge?

Asked by Friscoman, Baton Rouge, LA Thu May 5, 2011

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5
typical real estate fees are 5 to 6 % to be split 50/50 for the agent who prices your home correctly, and actually markets your home

for the run of the mill realtor who simply hammers a sign in your front lawn should only receive 4% total to split 1% for her - and 3% to the agent who actually works to find the buyer!
0 votes Thank Flag Link Thu Jan 12, 2012
It seems that many agents, experienced or not, seem to cut commissions. Lets be honest it certainly doesnt take a lot of sales skills or tremendous strength to walk into a sellers home and offer a four or five percent commission in the first twenty to thirty minutes of a listing presentation. It doesnt take a lot of strength to run ads offering four to five percent commissions or to mail into neighborhoods offering lower commissions. What commission cutting usually means is that the agent isnt loaded with confidence in themselves nor do they have powerful sales skills or, whats worse, theyre going up against an agent who is powerful and the path of least resistance becomes the easy one to follow. They are not the agent you want negotiating for you on the other side of the table when your investment is on the line.
0 votes Thank Flag Link Fri Dec 30, 2011
Hello Friscoman,

Probably the best way to answer your question is to use the old terminology you get what you pay for. But, in some cases you don't. This is why it is important to interview several agents or firms to determine what the marketing stratagy is, if you do not already have a trusted advisor. If the agent does not offer a viable marketing plan their overhead per property is very low and charging less than their competetor in financially feesable. Unfortunately, in this economy, the slower absorption rate demands an agent to increase the venues the properties are marketed.
For example, marketing a property with a sign in the yard, classified ads in the local paper, and making the property available on the local MLS and broker websites are usually but not always a given. But what else is being done once the first week of tasks are complete? This is where costs come into play. Other marketing options include local real estate magazine ads, social media presence (Facebook, YouTube, Twitter, and blogs) and fliers. Some companies do agent tours and then there's always the not so successful Open House, but sometimes effetive.
Keep in mind that the experience, knowledge, and the ability of your representative will come into play and usually the agent in demand is the one that can get the job done for you. these REALTORS are usually not in the position to discount their services.
Most importantly, know that their fee is not earned till you have an accepted offer and you actually close.
Good Luck
0 votes Thank Flag Link Thu May 5, 2011
There isn't a "typical" fee because all agents/brokers are independent of one another and it is actually illegal for us to come together and set a "standard fee". The best thing that I would recommend is that you meet with a couple of agents that would like to list your home, get an idea of what marketing strategies and tools each of them will use to market your home and pick an agent who you and your family are most comfortable with. If you have any questions please feel free to email me BatonRougeAvenues@gmail.com and I wish you the best of luck in whatever direction you choose to go.
0 votes Thank Flag Link Thu May 5, 2011
Their are no standard fees. I can list and market your home for 1% and allow you to choose the commission for the buyers agent 1, 2, or 3 %. Total 4% or less. Call with any questions.

Courtney
225-244-9697
0 votes Thank Flag Link Thu May 5, 2011
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