Florida Mortgage Broker Responds...
Selling real estate is easy regardless how some will try and make it sound scary or as if its Rocket Surgery!
The old way.
3% Commission = $9,000 to the Listing Agent
3% Commission = $9,000 to the Buyerâ€™s /Selling Agent
The New way that works much faster!
1% Commission = $3,000 to the Listing Agent
5% commission = $15,000 to the Buyerâ€™s/ Selling Agent
FACT: The likelihood of Listing Agents selling their own listing is rare as many follow the "set it and forget it" strategy. They want to list homes and let other agents sell them.
The vast majority of homes are sold by Buyerâ€™s agents who sell other agentâ€™s listings. Therefore, offering a 5% or even 7% commission (vs. dropping the sales price which shows desperation) to any Buyerâ€™s Agent can Greatly increase traffic on your home and the chances it will sell quickly and for a higher price!
Itâ€™s only human nature if you think about it, a Buyer's Agent reading the MLS in your area for homes to show their buyers see homes paying 2%, 2.5% and 3%, but then suddenly your listing grabs their attention paying 5% = $15,000! You can bet that Realtor will make DARN sure your home will be on the list to show their buyers! And I bet there will be a lot more positive things said about your homeâ€¦ya think?
There are Realtors who will list your home for as low as 1% allowing you to offer 5% to the Buyerâ€™s Agent to sell your home quickly and if they can sell your home, then more power to them as they can get paid the whole 6% for finding a buyer!
In effort to educate my clients and make sure theyâ€™re completely aware of just how popular Realtor Rebates /Buyerâ€™s Agent Credit savings has become in Florida, please read the below:
FLORIDA REAL ESTATE COMMISSION Rule 61J2-10.028 (2) provides that: a licensee may share brokerage compensation with a party to a transaction (buyer or seller) as long as full disclosure is given to all interested parties.
US Dept. of Justice Consumer Alert: Consumers Can Save Thousands of Dollars in Commissions in 40 states
Google Search: FLORIDA REALTOR REBATES shows approx. 3,850,000 results (0.32 seconds).
Contact me so I can put you in touch with a realtor who can answer your questions
Pro Option Mortgage/Florida
Ph: 888 662 4404
Prior Service U.S. Marine Corps