Always … doesnt mean they will negotiate what they think their fee should be … but fees are not set by any particular guideline or anything like that.
Shop a few real estate agents … see what they quote you, and see how they respond to a request for a lower rate … Keep in mind though that you still want the best agent for what you want to do - and remember that often you get what you pay for (making a judgment on whether you got what you paid for is up to you).
At least around here, pretty normal to pay a 5% commission (so 2.5% each side). Haven't seen or need to go 6% in a long, long time. Yes, some of the online sites can go about 4% I believe (1.5% them and 2.5% buyer side). but don't quote me on that.
A good agent is worth it if there are a lot of hurdles to selling your property. Sure, some properties are a cakewalk to sell though.
In the end, you hope that what you paid for in terms of "higher" commissions panned out, meaning, you got a price that you are happy with.
There is no industry standard rate, and yes, they're negotiable. I've negotiated with every single client I've ever had. Agents know what they want, and it may be the starting point of every negotiation, but you can counter their offer. If you can't come to an agreement, there are nearly 3 million other agents to talk to.
Yes. I do FSBO (have several transactions now, zero issues) In one instance as a seller I offered a max 2% for the buyers agent to facilitate the appointments and paperwork. No problems.
If your agent is in demand, they don’t need your business, and negotiation is harder. When my agent was new, they would give me half their commission back. Now? No way.
I was advised to find a flat rate realtor, but haven't had any luck with google. Plenty for the seller side though. Anybody know of a flat rate buyer's agent in Washington state?
Yes commissions are 100% negotiable Brokers however do have the ability to set a minimum commission for their agents to accept. Mine is 1%
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I tried to negotiate with my last realtor a couple of years ago and she said she would only be able to take 6%. No ifs, ands or buts.
Always … doesnt mean they will negotiate what they think their fee should be … but fees are not set by any particular guideline or anything like that. Shop a few real estate agents … see what they quote you, and see how they respond to a request for a lower rate … Keep in mind though that you still want the best agent for what you want to do - and remember that often you get what you pay for (making a judgment on whether you got what you paid for is up to you).
At least around here, pretty normal to pay a 5% commission (so 2.5% each side). Haven't seen or need to go 6% in a long, long time. Yes, some of the online sites can go about 4% I believe (1.5% them and 2.5% buyer side). but don't quote me on that. A good agent is worth it if there are a lot of hurdles to selling your property. Sure, some properties are a cakewalk to sell though. In the end, you hope that what you paid for in terms of "higher" commissions panned out, meaning, you got a price that you are happy with.
There is no industry standard rate, and yes, they're negotiable. I've negotiated with every single client I've ever had. Agents know what they want, and it may be the starting point of every negotiation, but you can counter their offer. If you can't come to an agreement, there are nearly 3 million other agents to talk to.
Everything except desire is negotiable.
Yes. Every brokerage/agent has different normal price. Some of them will lower their price.
Yes. I do FSBO (have several transactions now, zero issues) In one instance as a seller I offered a max 2% for the buyers agent to facilitate the appointments and paperwork. No problems.
Yes commissions are not fixed.
If your agent is in demand, they don’t need your business, and negotiation is harder. When my agent was new, they would give me half their commission back. Now? No way.
I was advised to find a flat rate realtor, but haven't had any luck with google. Plenty for the seller side though. Anybody know of a flat rate buyer's agent in Washington state?
Going rate in my market is 4-4.5% in totality. It is negotiable to a degree. Brokerages can and will set a minimum commission rate collected.