A lower commission increases the odds that your property will be sold as cheaply as possible.
This is always a negotiating point. Depends on many things as you meet and interview different agents and/or brokers. What is outrageous? 6%? To some, 4.5% is outrageous....
It also depends on the town your in (likely days on market) and the big key is how much is your selling price. Most realtors would be more likely to drop a little off their commission rate if they're selling a $400K home vs. a $120K home- for obvious reasons.
I work in both Mass and NH- and also am quite familair with South Hadley (from my past).
Good luck. Thanks,
I suggest that you ask the agents you are interviewing what services you will be getting for your money, that will give you a better picture as to what the right commission is for you.
First off I would like to thank you for an intriguing question.
Unfortunately there is no way any of us could properly answer that question. Besides the fact that we would potentially be violating antitrust laws. The reason we cannot answer that is there is no way of knowing what the average could be. You see when a listing agent takes a listing they charge a commission to the seller. The listing agent usually then offers compensation out to other agents who may have a buyer for the property. We see what is being offered but not what the total commission was.
There are so many factors that go into what an agent may charge a seller for their services. It should also be pointed out that not all agents do the same things for the same fee. You really should contact some local Realtors (like us for instance) who can show you what they will charge and what you will get for services.
Hope this helps you and best of luck with everything.
Selling a home is one of the most important decisions you will make. That's why it's in your best interest to choose an experienced real estate agent who listens to and understands your needs. Look for a professional who understands your concerns and will provide you with the personalized service that makes all the difference. In regard to the fee you will be charged.. compare companies marketing plans & knowledge to the fee. Listing with a well known company such as a Century 21 who offers 500 + web sites and an agressive marketing plan you can be sure you are getting the most exposure for your money. If you have any other questions about the home selling process please contact me, I am happy to help. Victoria
I have been in this wonderful profession for 25 years and I have learned that my task is to provide the very best ethical and honest service to my clients and to follow all the laws governing our profession. Good luck in your search for a qualified and competent professional Realtor.
So any agent who would answer that question the way you've asked it is not the agent you want to hire. That's because the agent who would answer it clearly doesn't understand the law. And if they don't understand the law then they might not understand other aspects of a very complicated transaction. Bottom line is that you wouldn't get the best representation possible.
Now! If you really want to know the answer to your question, here's what you need to do: call a number of agencies and ask what they charge... and for what services. That way you can compare apples to apples to make an informed decisi
Commission rates are negotiable, I recommend sellers to interview a realtor to understand what they have as a marketing plan, how they see your property fitting into the current market and generally how you feel about working with that person to sell your home.
Good Luck, if you have any questions feel free to contact me.
To repeat my fellow associate professionals below, ALL commissions and fees in this business, we call Real Estate, are negotiable. Thats why its such a great business to be in!!
Gordon and I work from the Templeton MA area (thats just outside Leominster/Gardner) and have found a way to to make this point percisely about the client. For instance we have marketing plans starting as low as 1 percent and ranging as high as 10. Its all about the client and what will work for them.