
JustTheD asked: I am selling a house. My agent asked for a 6% commission [3% for buyer's adent's 3% for the seller's]. I think that is too high. Is there room to negoiate this arrangement? Three years ago, she was my buyer’s agent and behind the scenes, go herself a 4.5% commission on a $300K purchase. Now, in a buyer’s market in RDU, NC, can ask that she settles for 1.5%?
Also, if I offer the buyer’s agent a 4% commission, can I insist that the agent gets the additional 1%, instead of the real estate agency? I want to motivate the buyer’s agent, but don’t want to dilute this with the agency. However, the agent is an employee of the company, so i doubt that this will go over.
I signed the paperwork, with 3% to buyer’s agent, 3% to sellers. The house is not moving. Granted the market is lousy. I wanted to motivate the buyer’s agent to sell my house. My seller’s agent is holding an open house, an opportunities for nosy neighbors to see my house. As of yet, she has not paid for anything more that a $300 MLS (which I had for one month too).
My friend has an MBA and delivers pizza’s, so don’t get too soobing with stories. BTW, why are RE commissions 6% in NYC [CPI 350%] & 6% in RDU [CPI 110%]? My salariy is only 30% different. Most other businesses people don’t triple their margins based on the market.
Actually, I have a great deal on my interest rate lock which I will lose by selling the house. I was thinking of offering a 5 year lease (with an option to purchase program, allowing 50% of the rent to be used towards a fixed current price). Does that make sense, because I live far away and don’t have anyone who can look over the house & tenants.
HomeBuilderNC