Home Selling in Lakewood>Question Details

Sarah, Both Buyer and Seller in Denver, CO

Looking for a real estate agent

Asked by Sarah, Denver, CO Sat Dec 27, 2008

Hello! We are getting ready to put our home up for sale. I'm looking for a real estate agent with a reasonable fee. To be frank, it just doesn't seem very reasonable to spend 8000k on a real estate agent (at 6 percent).

I've heard of this one company in the Denver area that charges a flat fee of 2500 to sell. I can't think of the name. Can anyone help me out?

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12
David, Yes your blog is great, but now I also have to report you for self-promoting you. :o)

From now on all blog responses must be typed for each question. LOL

Hope you had a great xmas, Dunes
2 votes Thank Flag Link Sun Dec 28, 2008
Rockinblu's blog is not as good as mine lol

http://www.trulia.com/blog/david_chamberlain/2008/12/how_to_…

If you are going to use a flat fee company, I would recomend just selling it yourself. The 2,500 could buy a lot of advertising or save a little for a lawyer and use the rest for ads.
2 votes Thank Flag Link Sun Dec 28, 2008
Hi Sarah,
If the flat fee company charges you $2500....that is only for their side (listing). You will still have to pay the Realtor that brings the successful sale to you. Figure out the 2.8 -3% that you need to pay that agent, plus the $2500 and find a full service Realtor that will work for you for that price. The reality is you won't save that much money using a flat fee company and you usually don't get a full level of service. The small amount of money you save may not be worth it in the long run.
Good luck to you!
Valerie Kleinman
Prudential Professional Realtors
Accredited Buyers Agent
Certified Residential Specialist
1 vote Thank Flag Link Sun Dec 28, 2008
Rockinblu, have you ever considered getting your license?
1 vote Thank Flag Link Sun Dec 28, 2008
Sarah, Happy New Year first of all. To answer your question, let me ask one of you. Do you want to list your house or sell it? Those limited service brokers who call themselves "discount" brokers simply cannot afford to give you the same type of service that a premium broker will. Are all lawyers the same? Are all the doctors the same? Of course not. Well, same way with realtors. Interview several and go with the one(s) with a proven track record and will put the most money in your pocket - don't simply go on what they charge but they will get you. Good luck.
1 vote Thank Flag Link Sun Dec 28, 2008
Sarah, Please read the Blog written by Rockinblu as it is very informative.

Rockinblu, is sending people to your blog self-promotion? LOL
I personally think you should have to type it everytime this question is asked! LOL even more

Read it sarah, it's worth the time....Dunes
1 vote Thank Flag Link Sat Dec 27, 2008
Well, I don't think we're suppose to be discussing our fees on this site. As far as a flat fee that is probably for the listing agent. If you want your home listed for other Realtors to come and show to their Buyer's, you will probably offer a Buyer's Agent Fee. Sorry for being so vague, but you really need to call or email individual Realtors and see what they charge. Some Realtors will list your house for a lower percentage if you use them to Buy your next home. Here's a link to a site from The National Association of Realtors. There's a lot of information here that may help you understand what we do for Sellers and for Buyers. http://www.realtor.org/home_buyers_and_sellers/why_use I've seen statistics that show that homes Sold through a Realtor bring in higher dollar amounts for the Sellers over homes Sold without Realtors. The same thing is said about homes that are staged over homes that aren't staged. I wish you the best with Sellng your home, if you haven't Bought or Sold a home in the last 3 years, you're going to be amazed at what a different process it is now.

Sandy
1 vote Thank Flag Link Sat Dec 27, 2008
A Flat fee PLUS the 2.8% to the Agent bringing in the buyer perhaps? That must mean that your home is going to sell for $135K or so? 2.8% of $135K is $3,700 plus the $2,500 is $6,200. That is only a savings of $1,800 when you get down to it for a discount Broker that may not be able to even sell your home. Someone will help you out.
You may contact us if you wish.
Brian
0 votes Thank Flag Link Sun Jan 24, 2010
Well said Mack! In other words, don't just assume if you pay more you get more. Interview several agents, see what they can do for you and see how you click with them.
0 votes Thank Flag Link Sun Jan 24, 2010
What's really important is to actually "get what you pay for;" most people confuse price with value.

In the words of super-rich Warren Buffet - "Price is what you pay, value is what you get."

Wise people focus on value, fools on price.
0 votes Thank Flag Link Sun Jan 24, 2010
The Company you are most likely thinking of would be either Help You Sell or another company of the same nature. They help you with the transaction but as the other Realtor has stated you still have to pay the Buyers agent to bring the Buyer, 2.8%. I would also look at it as she has told you that most full service Realtors would list your home for around $2,500 or less, in some cases, and you would be in a better position as a full service agent will be able to advise you on a lot more than a flat fee company. The most important thing you are going to need to look at is the price of your home to sell it. If you are selling it based upon which Realtor is getting paid the least amount and has told you the highest price they think they can get you for your home then your house will most likely not sell anyways and if you are sitting on it for sale for a few months that cost is usually more than a 6% listing anyways. Homes in this market are selling fast as long as you are priced right and homes that are priced to high wont sell at all. I hope this information is of value to you and have a great day and a Happy New Year.
0 votes Thank Flag Link Mon Dec 29, 2008
Not sure what company you are talking about but commission is always negotiable. My suggestion is to set up several appointments with Realtors and see who fits your needs the best,.

Shoot me a call or an email and we can chat if you would like. I'm a full time professional and have a great record of sales even in the tough market.

Daniel.herron@coloradohomes.com
720-323-9178
0 votes Thank Flag Link Sat Dec 27, 2008
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