Which Realtor has the lowest fees?

Asked by Seabee, Prescott, AZ Fri Feb 25, 2011

Which Realtor has the lowest Realty fees, in Prescott and Prescott Valley AZ

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14
Spirit Messi…, Agent, Tucson, AZ
Fri Mar 25, 2011
FYI we (as a Realtor) are not allowed to ever have a discussion like this, it is actually an Anti-Trust issue which the governement takes VERY seriously, in fact it has been a bone of contention between the government and the Real Estate Industry for years.

The best way, call and set up appointments with a couple of agents, see what each charges, not asking for the average or "industry norm" but what they charge. After speaking with a couple, you will have a better understanding.

FYI, if you are asking as the buyer, I do have some very good news...most of the time, if the listing is on MLS it costs you the buyer nothing for an agent or Realtor's service.
Best of luck.
Spirit
1 vote
Brad Bergami…, Agent, Prescott, AZ
Tue Mar 1, 2011
I think the question should be asked which Realtor has the most sales for a property like mine. Fees are not standard so you will have to ask each Broker. It doesn't matter what your agent makes as long as he/she earns it. And you can't pay a fee if you don't sell your property.
Web Reference:  http://welcome2prescott.com
1 vote
Christopher…, Agent, Tarrytown, NY
Thu Mar 24, 2011
Hi, Be careful you get what you pay for...The lowest fee isn't always the best service. Typically when a fee is cut so is some form of marketing, communication, and/or service. Are you willing to compromise on any of these?

Christopher Pagli
Licensed Associate Broker
Accredited Buyer Representative
GREEN Designated Agent
William Raveis Legends Realty Group
914.406.9023
Web Reference:  http://raveis.com/chrispagli
0 votes
Rehab Boswell, Agent, Prescott, AZ
Thu Mar 24, 2011
Good morning,

If you are the buyer, the seller will pay the commission, you just have to find a Realtor that represents you in the best of your interest. Find you the right home and make you understand the process of buying a home, close the deal with no glitches. Make ends meet.

If you are the seller, you are looking for a Realtor that love her job and will work hard to represent you and negotiate in behalf of you. You need an ambition caring and will educate you in the process of making your home ready for sale. Commission is negotiated, each Broker have their rules.
Good luck to you.
Web Reference:  http://www.rehabyhomes.com
0 votes
Ann Howell, Agent, Prescott, AZ
Thu Mar 10, 2011
Hello Seabee – Great Question!

After much consideration, and reading the answers provided, I am thinking that the question really is "Which Listing Agent provides the best value?"

Approximately 80 - 90% of buyers (depending on the source of the statistics) begin their search for a home on the internet. As a home buyer, I am sure you are looking online for homes and see some homes that are presented well with great pictures, virtual tours and descriptions that mean something to a buyer. Those are the agents that are putting positive energy into and making great investments in terms of time, knowledge and funds in getting homes sold.

If you are selling, note that each agent charges according to their particular philosophy and abilities to get a home SOLD. You want an agent that will help you to prosper and meet your goals.

Be aware that, for the most part, commissions (traditionally paid by the seller) are usually split between the listing agent and the selling (buyer's) agent. Offering a better commission to the co-operating selling agent can be enticing to them to show your home more often. Commissions charged is part of the mix of getting a home SOLD.

As a buyer, you may think that contacting a listing agent is the best option, thinking that there will be a discount if you go this route. This is typically not the case. You want a buyer's agent that will listen to the goals that you have in buying a home and help you to prosper by considering all options. You want someone who will advocate for you and negotiate keenly on your behalf. Look for someone who will be looking out for you and you alone.
Web Reference:  http://www.prosperaz.com
0 votes
Kathleen Lor…, Agent, Baxter, MN
Sat Mar 5, 2011
As a homebuyer, normally the seller has covered the fee for you to use a REALTOR®- isn't that a great deal!
As a home seller, you should be saying- who is the best agent to sell my home, most knowledgable, easy to work with, answers their phone, etc- not who works for the least amount of money.
Web Reference:  http://topbrainerdagent.com
0 votes
The Stephen…, Agent, Portland, OR
Tue Mar 1, 2011
Negotiate. I'd recommend interviewing at least three agents from different companies. Look online too!
0 votes
Jerry Cecil, Agent, Prescott, AZ
Sun Feb 27, 2011
Realtor fees are based on the selling price of a home and are paid out of the selling end of the deal. Therefore, buyers don't normally pay Realtor commisions. When looking for a good buyer's agent, make sure that you find a Realtor that is trained to fit your needs. For instance, if looking for a bank owned property, find a Realtor that is trained in bank owned properties. I am a well trained Realtor in Prescott, call me if you need further assitance.
0 votes
Dallas Texas, Agent, Dallas, TN
Sat Feb 26, 2011
What type listing or buyers agent ?

Lynn911 Dallas Realtor & Consultant, Loan Officer, Credit Repair Advisor
The Michael Group - Dallas Business Journal Top Ranked Realtors
972-699-9111
http://www.lynn911.com
0 votes
Spirit Messi…, Agent, Tucson, AZ
Sat Feb 26, 2011
I guess you could ask every single Realtor what their fee(s) are to find out. Each Realtor has a price they charge commission as a listing agent and we have been trained that there is no "standard" as that would be an Anti-Trust issue.

Ask around, interview 3-4 and you should have an idea what the average is. I am not a discount Realtor, and you know the saying "you get what you pay for" applies to a lot of things and situations. This is one of them.

If you are looking for a Buyers Agent, that is different, as majority of the time there is no cost for you to use a Buyers Agent.

Best of Luck.
Spirit
0 votes
Debra (Debbi…, Agent, Livingston, NJ
Fri Feb 25, 2011
Don't hire an agent just based on the lowest comission.

Make sure you ask for a marketing plan in writing, so you know what you will be getting, regardless of what commission is agreed to.
The commisson is negotiable.

Interview several agents, and compare what they will do in order to get your home sold.

There are a number of business plans out there these days.
A flat fee broker will list your home on the MLS for a set fee you will pay in advance. You will be expected to handle most of the transaction, unless you pay for more services.

A more traditional broker will handle everything.......for a commission to be paid at closing. If the home doesn't sell, they don't get paid.

Sometimes you get what you pay for - and sometimes you don't.
Just because an agent may charge more, doesn't mean you will get more...........educate yourself about the process and then you can make an informed decision.

Best wishes...........
0 votes
Marty Huskins, Agent, Bryson City, NC
Fri Feb 25, 2011
All commissions are negotiable, however you get what you pay for!
Best of luck to you!

Marty
0 votes
Anna M Brocco, Agent, Williston Park, NY
Fri Feb 25, 2011
Commissions are always negotiable, there are no set standards as it would go against Federal laws....choose your agent with care.
0 votes
Don Tepper, Agent, Burke, VA
Fri Feb 25, 2011
The one you negotiate with. Commissions are negotiable.
0 votes
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