- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
Real estate agent commission
Posted on 1/4/17 at 6:53 pm
Posted on 1/4/17 at 6:53 pm
I' m selling a house and was wanting to list it. I only paid 3% last time I sold a house but the agent I spoke with last night wouldn't come off of 6%. Should I look elsewhere?
6
Posted on 1/4/17 at 7:01 pm to djrunner
Yes. I used a realtor with Emerge last year, and without even asking his stated rate was 4.5%.
Posted on 1/4/17 at 7:12 pm to dragginass
It's all negotiable. You can pay whatever you wish for your property and the agent can accept or not waste their time.
Posted on 1/4/17 at 7:25 pm to djrunner
Offer a tiered commission, pay 6% on first $100,000, 3% thereafter. This works out to 4.5% on the entire transaction.
I recommend no longer than a 90 day listing from personal experience. They will swear 180 days is the "standard" just like the 6% commission, but I want them working to sell my house sooner than later rather than having less urgency at the inception.
Be sure the agreement can be terminated at your option at any point if you can't get 90 days. The standard agreement should have language that describes your ability to terminate by law.
I recommend no longer than a 90 day listing from personal experience. They will swear 180 days is the "standard" just like the 6% commission, but I want them working to sell my house sooner than later rather than having less urgency at the inception.
Be sure the agreement can be terminated at your option at any point if you can't get 90 days. The standard agreement should have language that describes your ability to terminate by law.
Posted on 1/4/17 at 7:41 pm to GoIrish02
It can be negotiated. If the property is cheaper... they won't take less than 5%. If it's a high list price, you may be able to get them down to 4.5%
Posted on 1/4/17 at 8:39 pm to Tigerbait337
Most just want to put a sign sand put it in MLS.
What will they do for you? How many open houses? Will they do extra advertising? Directional signs?
Otherwise, what can they offer?
What will they do for you? How many open houses? Will they do extra advertising? Directional signs?
Otherwise, what can they offer?
Posted on 1/4/17 at 8:44 pm to cmlsu
quote:
You can pay whatever you wish
No. You really can't if you use a real estate agent. Terrible information.
Posted on 1/4/17 at 8:49 pm to Halftrack
Thankfully mine sold my house in New Orleans in 5 days.
When we bought the same house 2 years earlier, it had been listed for 4 months.
Not having it full of shite, a manicured property, and some paint really helps
When we bought the same house 2 years earlier, it had been listed for 4 months.
Not having it full of shite, a manicured property, and some paint really helps
This post was edited on 1/4/17 at 8:50 pm
Posted on 1/4/17 at 8:50 pm to Teddy Ruxpin
And a bit more of a sellers market?
Posted on 1/4/17 at 8:51 pm to VABuckeye
quote:
And a bit more of a sellers market?
2014 NO market was just as hot as 2016.
People are dumb when buying houses. It had terrible furniture in it, needed some paint, and her stupid tchotchkes picked up.
Furniture leaves with the owner. Paint takes all of a few days. Same with the crap in the yard and paying someone to come out and prune the palm, etc.
This post was edited on 1/4/17 at 8:54 pm
Posted on 1/4/17 at 8:54 pm to Teddy Ruxpin
You have palms? 
Posted on 1/4/17 at 8:58 pm to VABuckeye
New house has a much shorter one I can do myself!
Posted on 1/4/17 at 9:56 pm to djrunner
Find another agent or FSBO
Posted on 1/5/17 at 6:21 am to Jimmy2shoes
You have any suggestions?
Posted on 1/5/17 at 6:38 am to djrunner
You can pay the fee yourself to list it on mls, Show it yourself and keep your 3-6%.
Posted on 1/5/17 at 6:45 am to djrunner
Let's pretend for a minute that you're the agent. You have 5 listings. Here's your list, along with commissions. Where will you put most of your selling efforts?
Listing #1: 6%
Listing #2: 3%
Listing #3: 6%
Listing #4: 6%
Listing #5: 6%
That said, if I were an agent, I would charge 6% for a quick sale (30 days or less) as a show of confidence and start discounting after 30 days on the market (5% after 30; 4% after 60, etc). It shows confidence in your selling skills as an agent. If time on the market is actually money, both seller and agent should be loyal to that concept - not just the seller.
Listing #1: 6%
Listing #2: 3%
Listing #3: 6%
Listing #4: 6%
Listing #5: 6%
quote:That's correct. Who is most likely to come off the 6% rate - successful agents or desperate agents? Why are they successful (or desperate)?
You can pay whatever you wish for your property and the agent can accept or not waste their time.
That said, if I were an agent, I would charge 6% for a quick sale (30 days or less) as a show of confidence and start discounting after 30 days on the market (5% after 30; 4% after 60, etc). It shows confidence in your selling skills as an agent. If time on the market is actually money, both seller and agent should be loyal to that concept - not just the seller.
This post was edited on 1/5/17 at 6:56 am
Posted on 1/5/17 at 7:06 am to tigerpawl
I have a question on this as well. I bought my house 4 years ago and looking to upgrade and build something in the county. I'm in a good spot that will sell relatively quickly but is it fair that the Real estate agent makes more off my house than I do? (I.e. She made her commish off the builder when I bought it and she will want her 6% when I sell it).
Posted on 1/5/17 at 7:14 am to VABuckeye
quote:
No. You really can't if you use a real estate agent. Terrible information.
Absolutely you can...all agent commission is negotiable until it's agreed upon at time of listing.
This post was edited on 1/5/17 at 7:15 am
Posted on 1/5/17 at 7:58 am to cmlsu
Unless they are actively doing something for you other than MLS then I would skip the agent altogether.
Posted on 1/5/17 at 9:14 am to cmlsu
quote:
Absolutely you can...all agent commission is negotiable until it's agreed upon at time of listing.
Of course you can negotiate but you absolutely cannot name your price. They have costs and overhead and they will have a bottom line. To just state that you can pay whatever you wish as a commission is just wrong.
This post was edited on 1/5/17 at 9:15 am
Page 1 of 2
Popular
Back to top
Follow TigerDroppings for LSU Football News