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You can find an agent who will do a flat fee to just list it on the MLS and you take care of everything else (pictures/description/open house/etc). If you’re cool with all that then a lawyer can handle all the paperwork for a reasonable fee. If you do this, then you can offer 2.5% to the buyer agent and call it a day
Shouldn’t have any issues doing this on most straight forward transactions.
Commissions are negotiable, especially after the NAR settlements. Those don’t dictate what agents may charge, and the market is still processing what that means, but interview a bunch of agents and find one willing to work with you (and the other way around) for a price that you’re comfortable paying. Or, as others said, sell it yourself and save a bundle. Find a reputable local real estate attorney and they can help with any paperwork or title issues, and even at modest hourly rates you’re likely to pay far less that real estate agents demand.
I don’t understand why more people don’t do FSBO. 20 years ago it was much harder. I love off market deals. I prefer them. Once I get an agent out of the way I get a better deal, better terms, and the history of the property. I’ve only sold once FSBO. I went down to the hardware store bought a yard sign, wrote in permanent marker the basics. Listed on FSBO. I guessed the price. It sold 2 weeks later. Only hiccup was I was 5k over appraised value. I split the difference lowered it by $2500 and closed.
We just sold one of our rentals to our tenant. We ran the numbers and realized that selling to her at a discounted rate and just paying a $1,500 document fee and $1k to a lawyer to review, versus selling at market with a 6% commission, we came out ahead by $20k.
Negotiate the commission. 6% is high end. 5% is pretty common.