What is the average commission an agent receives on the sale of a new construction in Suffolk county NY?

Asked by Looking4ahouse, 10562 Mon Jan 25, 2010

If we go through the builder directly would they be more prone to work with us on upgrades etc because they would not have to pay the commission fee?

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6
Ralph Windsc…, Agent, Hauppauge, NY
Sun Jan 31, 2010
If any builder/seller has an exclusive right to sell agreement with a realtor, the commission is probably contractually pre-determined. If the builder has an "agency" agreement, they may have retained the ability to sell on their own without paying a commission or paying a reduced commission if the realtor did not bring the buyer. If you have not already made an offer on the property, you may want to consider hiring a buyer's agent to work on your behalf. A good buyer's rep (like myself) will help you determine whether the price on the property is fair and a strategy to get what you want at a price you're comfortable with. If you were going to court, you'd hire a lawyer; if you were sick, you'd go to the doctor. You're buying a house - one of the largest investments of your life. Hire a professional. Good luck.

Ralph Windschuh
Certified Buyer Representative
Senior Real Estate Specialist
Associate Broker
Century 21 Princeton Properties
631-467-0009
rwindschuh@c21princetonproperties.com
0 votes
Looking4ahou…, Both Buyer And Seller, 10562
Mon Jan 25, 2010
I dont believe the builder has an agent, they just have a sales person working for them and that is who we have been dealing with. I am very confused about what to do and if we should have a buyers agent or if we would have more flexibility just doing the negotiating on our own.
0 votes
Anna M Brocco, Agent, Williston Park, NY
Mon Jan 25, 2010
Commissions are always negotiable -there are no set fees. If the seller has representation, so should you--choose your agent with care.
0 votes
Donna Lomenzo, Agent, Wading River, NY
Mon Jan 25, 2010
Do you know for sure if there is a realtor involved with the builder? Again...there is no set commission fee, that is negotiated between the seller and realtor when they sign an agreement. You might want to ask the builder if he has to pay a broker fee out.
0 votes
Looking4ahou…, Both Buyer And Seller, 10562
Mon Jan 25, 2010
We found out about the home by driving past a sign posted by the builder on the lot and we called the builders number listed on the sign, would they still have to pay a commission? Would we then have some room to negotiate upgrades since a realtor was never in the picture? I mean to ask the average percentage of selling price a realtor would earn on new construction in Suffolk (I know when selling our place it was 3-5% for the area and type of property) This information would be helpful in figuring out if we would have leverage for our upgrades or would we be better off highering a buyers agent if not paying commissions is not an incentive for the builder?
0 votes
Donna Lomenzo, Agent, Wading River, NY
Mon Jan 25, 2010
Commissions are agreed upon in the beginning of a relationship. There is no set amount. If the realtor has an agreement with the builder, it would not matter if you go directly to the builder. The builder would still be obligated to pay the Realtor.
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