Save Money by Selling Your House without an Agent
Most real estate listing agents will have a set listing fee even though fees are negotiable. Half of the fee typically goes to the buyer’s agent that brings the buyer. From the remaining half the listing agent pays 1/3 to 1/ 2 to their broker, 1/3 to marketing your property and they retain the remaining portion for themselves.Sometimes you will find a discounted fee from a listing agent who is either new to the business or feels discounting services won’t impact the sale of your property. They will probably still add it to the MLS. The MLS, short for Multiple Listing Service, is an important tool used by real estate agents to market your home and gain visibility among other industry professionals
Since statistically 90% of buyers are using a buyer’s agent – it is smart to factor in a commission to the agent that brings the buyer even though you are selling on your own. If you had a unique painting – would you get a better price at your garage sale or promoting it online to a larger audience like eBay, or giving it to a professional gallery to sell? The fact is, you do not want to alienate your most likely opportunities for a sale… the buyer’s agent. At the very least, be prepared to pay a buyer’s agent that has a ready, willing, and qualified buyer for your home.
