I like what Shelly Biro has written, and she pretty much explained the full process. However, some details that effects this whole picture is how would your chosen agent help you sell the property for most money. Some discount brokers or flat fee agents may just put you on the MLS, sit back, and wait for a buyer agent to bring you a contract and they may not even get you 95% of the list price. Is that even worth a commission?
But a Real selling agent will help you market your home by helping you to prepare, stage, and present it in a way that will appeal to most buyers, thereby allowing you the chance to get a higher price. So, if you used a discount broker and gave up 3-5% in sale price, what have you gained? It may also take them longer to sell.
But if you use a true marketing/listing agent that puts up their own money to help you make more money, then they will earn the commission that they charge. So, it's not who is charging the lowest commission, but who will bring you the highest price. Ask the agent what is their marketing plan for your home. Are they using all the technologies, the best virtual tour, the best web presence, the best staging, the best follow-up, the best communication, and do they have listing experience. Also, to what extent is their knowledge in case a problem occurs, and what is their past sale price to list price ratios.
All agents are not the same and most of the time; you will get what you pay for, Chose the best, not just the cheapest. Good Luck and God Bless,
Curt Anderson CRS,GRI,ABR,RDCPro,CDPE
Century 21 Judge Fite
Flower Mound, Top Producer 05-09