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#4
08-14-2003, 12:05 PM
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 Re: Real Estate Agent Fees - quote - > Why do they want the same
Your contract is with the agency-not individuals within it. They split up the> amount as the agent that actually brought me a buyer? fee based on reasons that make business sense for their agency. The person who sold the house would not even be selling it if the other person had not gotten the listing with the with the agency. Figure out if it is worth a certain percentage to have the agency sell it and then dont worry about how the fee is split up. Also, the length of time that the house is to be listed is totally under your control. They will all tell you a year is standard but I would not go for a year. On the other hand, you should list it long enough so that the agents have a reasonable shot at selling it and are motivated to put time and expense into doing so. Dennis |
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#3
08-04-2003, 09:05 AM
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| Re: Real Estate Agent Fees I didn't mean to imply that I was advocating not using a realtor. In fact, unless one really knows what one is doing, I think it's best to use a realtor - if anything, because of what you pointed out. They have the "keys to the kingdom" - a virtual monopoly over the MLS. But I'm not so convinced about the justification for the standard 6% commission. Do realtors really do 3 times as much work to sell a $300,000 house as compared to a $100,000 house? (If anyone says yes, please explain how. I've bought and sold both types of houses as an owner, and to me, the $300K house sells itself a lot *easier* than the $100K house.) IMHO, the three things that sell a house are: market conditions (economy/interest rates), price, and the MLS. That's why I find some of the new alternatives intriguing. Some will handle things for a fixed price (not a percentage) and have access to the MLS. Sure, if the buyer is using a realtor, that realtor is going to want their 3% - and I don't have a problem with that. That agent brought the buyer to me and I'm not going to turn them away. But when another agent brings a buyer to me, what did the listing agent do to sell the house? Except for perhaps administering the negotiation, not much. Why do they want the same amount as the agent that actually brought me a buyer? "HW "Skip" Weldon" <skip5700[at]yahoo.com> wrote in message news:5lspivos3s5euv3fvau32m54hu4ptn1h2s[at]4ax.com... - quote - > On Sat, 2 Aug 2003 21:02:36 CST, "JJ" <jj[at]nospam.com> wrote: > > Of course, I've never really seen how a listing agent "sells" a house - most > > sales are made from buyers getting listings from the MLS from their agent. > > They can put ads in the newspaper and have lots of open houses, but most > > agents will tell you that they get very few sales from soley from ads and > > open houses. Serious buyers are working with agents who get listings from > > the MLS. > I've always considered this a primary argument for using a realtor to > sell your house - because many buyers do. And by turning away > realtors, you turn away those potential buyers. > Admittedly though, this applies best in the higher end of residential > sales. Few people who command higher incomes spend their weekends > peeking in windows. <grin> They have realtors for that. > But in the more modest price categories, and providing I were on a > high-traffic street (or near one), I might try it myself first. > -HW "Skip" Weldon > Columbia, SC |
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#2
08-03-2003, 05:30 PM
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| Re: Real Estate Agent Fees Pay the fee, it's worth it and get on it, now. Most sales are made now through August, after that sales drop off dramatically. I used a broker, I'd known for 20+ years. She listed the property in late May, spent 2-3 weeks getting home ready for sale, we sold it to the first looker, and closed on July 10th! My broker had so many contacts in the Dallas area, she located a potential buyer nailed down for us, by the time we were ready to show it, in June. We were more than happy to pay her commission. Good luck, John "HW "Skip" Weldon" <skip5700[at]yahoo.com> wrote in message news:5lspivos3s5euv3fvau32m54hu4ptn1h2s[at]4ax.com... - quote - > On Sat, 2 Aug 2003 21:02:36 CST, "JJ" <jj[at]nospam.com> wrote: > > Of course, I've never really seen how a listing agent "sells" a house - most > > sales are made from buyers getting listings from the MLS from their agent. > > They can put ads in the newspaper and have lots of open houses, but most > > agents will tell you that they get very few sales from soley from ads and > > open houses. Serious buyers are working with agents who get listings from > > the MLS. > I've always considered this a primary argument for using a realtor to > sell your house - because many buyers do. And by turning away > realtors, you turn away those potential buyers. > Admittedly though, this applies best in the higher end of residential > sales. Few people who command higher incomes spend their weekends > peeking in windows. <grin> They have realtors for that. > But in the more modest price categories, and providing I were on a > high-traffic street (or near one), I might try it myself first. > -HW "Skip" Weldon > Columbia, SC |
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#1
08-03-2003, 12:05 PM
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| Re: Real Estate Agent Fees On Sat, 2 Aug 2003 21:02:36 CST, "JJ" <jj[at]nospam.com> wrote: - quote - > Of course, I've never really seen how a listing agent "sells" a house - most
I've always considered this a primary argument for using a realtor to> sales are made from buyers getting listings from the MLS from their agent. > They can put ads in the newspaper and have lots of open houses, but most > agents will tell you that they get very few sales from soley from ads and > open houses. Serious buyers are working with agents who get listings from > the MLS. sell your house - because many buyers do. And by turning away realtors, you turn away those potential buyers. Admittedly though, this applies best in the higher end of residential sales. Few people who command higher incomes spend their weekends peeking in windows. <grin> They have realtors for that. But in the more modest price categories, and providing I were on a high-traffic street (or near one), I might try it myself first. -HW "Skip" Weldon Columbia, SC |
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08-02-2003, 04:35 PM
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| Re: Real Estate Agent Fees Thanks for the reply. I do like these ladies, I even used one of them to sell my previous house and she sold me the house I'm in now. But if I could save 3% I would shop around, but if that's standard then I'll stick with them. -- Thanks, Jimmy Clay Read a free ebook, The Song of the Coyote http://thesongofthecoyote.tripod.com/ "Douglas Johnson" <johnson[at]classtech.NotForSpam.com> wrote in message news:vtinivc606degp5504bt1ogg4g8dmbi7ke[at]4ax.com... - quote - > "Jimmy Clay" <jimclay[at]gbronline.com> wrote: > > My question is this: If I had an single agent selling the house (not a > > team) would the fee only be 3%? Or is the 6% standard for the Dallas area? > 6% is standard for Dallas. There is some room for negotiation, but not a lot. > The 6% is split half and half between the listing agent and buying agent. The > agents will also split with their broker, unless the agents are independent > brokers themselves. > -- Doug |
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#-1
08-02-2003, 01:35 PM
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| Real Estate Agent Fees I live in the Dallas Texas area, and I'm going to sell my house. I've had a real estate team look at my house (they're just two ladies who work together), and I like them, but they charge a 6% fee once the house is sold. So if I sell the house for 90,000, they get $5,400. I don't mine paying a fee because I've not a clue on how to sell the house and I'm wanting to sell it now not later. My question is this: If I had an single agent selling the house (not a team) would the fee only be 3%? Or is the 6% standard for the Dallas area? -- Thanks, Jimmy Clay Read a free ebook, The Song of the Coyote http://thesongofthecoyote.tripod.com/ |
| Tags |
| agent, estate, fees, real |
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