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Some consumers want to use Realtors (brokers or agents). Some do not. Any consumer who wants to use a Realtor should know that they can get the same level of service from a firm that charges 3.9%, as one that charges 6%. And, assuming a 50/50 split, that 3.9% company would not charge you the buyer agency fee if you found a buyer on your own... so it would be .9% total.
Consumers have options - but most don't know about them.
Some consumers want to use Realtors (brokers or agents). Some do not. Any consumer who wants to use a Realtor should know that they can get the same level of service from a firm that charges 3.9%, as one that charges 6%. And, assuming a 50/50 split, that 3.9% company would not charge you the buyer agency fee if you found a buyer on your own... so it would be .9% total.
Consumers have options - but most don't know about them.
"Same level of service" - maybe. Same quality if service - I doubt it.
I don't select my professional service providers solely by what they charge. It's just one of the deciding factors.
Some consumers want to use Realtors (brokers or agents). Some do not. Any consumer who wants to use a Realtor should know that they can get the same level of service from a firm that charges 3.9%, as one that charges 6%. And, assuming a 50/50 split, that 3.9% company would not charge you the buyer agency fee if you found a buyer on your own... so it would be .9% total.
Consumers have options - but most don't know about them.
I would agree with you that just because one agent charges more than another that does not guarantee that the higher priced agent is better than the lower priced one. They could be equally bad at their job. Agents who do a good job are successful though and don't need to sell their services at a discount. In my experience, the agents who charge less are those which have less to offer you.
About 8 years ago or so I sold my own home by using one of the "for sale by owner" websites and I listed it on "military by owner" as well. I recall that whatever fee I paid included all the top websites plus my local MLS. I just had to agree to pay a buyer's agent commission in order for it to be listed on the MLS. So yes, it can be done, I don't know the rules for your particular MLS however. The majority of the public shouldn't bother doing FSBO in all honesty but if you feel ready, willing and able-- then go for it.
We are buying a FSBO that was listed on Craigslist and Zillow. It's been a stress free wonderful experience this far. Although, he has several rentals, has never lived in this home so he's not really attached to it.
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