Here in Michigan only 1 Buyer's agent gets paid, so I would flip a coin or split the commission. Or as a wife my motto is "Happy Wife, Happy Life". Good Luck!
Remember you still have to disclose both buyers' are Agents on PA.... more
This is one of the most asked questions, especially lately by my home sellers. 14 days is too early to take a drastic price descrease unless the home was priced way over market value to start with. I dont like goving a percentage but rather try to keep the price with certain plateaus. such as instead of pricing at 203000 to reduce to 199900 as most home searches will be in 25,000 or $50,000 increments. The key is pricing the home correctly first. In this market it is best to take 3 comparable sales in your neighborhood in the last 3 months and 3 comparable listings and average them adding or subtracting for extras your house has or doesnt have. Condominiums are more subject to price increases and decreases as they are usually very similar in size and style and differ in property condition. Here in NH i have seen decreases in even the most popular complexes drop $15,000 to $20000 in the last 3-6 months. Homes dont always see this drastic of a price drop. If your in a condo complex and there are 10 homes for sale, when someone looks they will start at the lowest and then move there way up until they find one they like, being the highest price, you will not get people to see yours even thogh it may be the nicest because they are shopping price first. When deciding to lower the price use feedback from showings or the lack of showings to determine why your value is dropping. Location, condition and teh need for repairs will affect this amount more or less. It is important in this market for the seller and the agent to price the home correctly, dont inflate it, you cant... listings that are in good condition and/or priced right ARE selling. If they are not look at why and adjust accordingly, but you really cant say a percentage.... more