Although an older question, one that is still asked by many sellers. Most often when a home is listed, the seller pays the listing agent a fee to sell their home. If a buyer agent is involved, the listing agent then shares their commission with the buyer agent an amount offered in the MLS. A good listing agent should add value to the home getting the best sales price in the shortest amount of time. Commissions are negotiable and a seller should always ask what they get for what they pay.... more
In our experience, if there are no offers and people are crossing the threshold, the reason is either condition or price. The 15 people who looked already decided that the location was suitable. You have control over the condition and the price. Make your property the very best property in your price range and you should have success.... more
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
While the price you set is critical in attracting buyers to your home, advertising is an important factor too. How are you advertising? If it's online, do your pictures show your house in the best way? Sometimes simple updates to your home make all the difference. If you haven't found a REALTOR to help you with the sale of your home, I can help you to cover all the bases.
Good Question... How did you make out Daisy? In general it is unreasonable to drop the price after 2 weeks, the house should have been priced right at listing and noe reductions, especially that early would have been needed. I would love to hear how you made out though.... 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