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06-11-2008, 08:04 PM
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Member
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Join Date: May 2008
81 posts, read 87,556 times
Reputation: 44
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whats the going rate for realtor comm.?
Hi. We are selling and wanted to know what the going rate for realtors commision is in this area-western suffolk to be exact? Thanks.
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06-11-2008, 08:49 PM
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Senior Member
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Join Date: Feb 2008
Location: Kings Park & Jamesport
1,298 posts, read 1,226,653 times
Reputation: 95
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4-5% is a fair rate, IMO.
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06-11-2008, 09:10 PM
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Real Estate Sales Associate (NJ)
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Join Date: Jul 2007
Location: Central New Jersey
1,156 posts, read 1,114,776 times
Reputation: 146
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5-6% is what I am seeing. Since the market is tough right now, more must be offered especially to the buyers side to stand out since there are plenty of houses that the realtor can show. I know this is technically illegal but that is sadly how many realtors think now a days.
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06-11-2008, 09:27 PM
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Real Estate Agent
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Join Date: Mar 2008
Location: Huntington, NY
889 posts, read 600,420 times
Reputation: 142
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It's been 4% for the longest time.
I recently listed a house at 6% specifically to sell it faster...if we give 3% to the selling agent they might push it ahead of the 2% selling homes. Anything to get your house sold these days!
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06-12-2008, 10:14 AM
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Real Estate Agent
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Join Date: Aug 2007
Location: East Northport, NY
1,878 posts, read 1,329,610 times
Reputation: 235
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When selecting a real estate professional, be careful not to base your decision on their fee alone. Find someone who you believe will do the job. Saving a percent or so in commission can cost you much more if you hire an incompetent real estate agent. Also, be careful not to base your decision upon who tells you that your house is worth the most. A good agent will be truthfull with you about the realities of the market.
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06-12-2008, 12:36 PM
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Real Estate Sales Associate (NJ)
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Join Date: Jul 2007
Location: Central New Jersey
1,156 posts, read 1,114,776 times
Reputation: 146
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Quote:
Originally Posted by TomMoser
When selecting a real estate professional, be careful not to base your decision on their fee alone. Find someone who you believe will do the job. Saving a percent or so in commission can cost you much more if you hire an incompetent real estate agent. Also, be careful not to base your decision upon who tells you that your house is worth the most. A good agent will be truthfull with you about the realities of the market.
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Very well stated Tom!! |
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