Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
my question is , what does a real estate agent do to ask 7% commission on the sale of your home?
yes they list it on a web site, but I feel that you either like a house or you don't ,the house is in a good school system or it isn't , you like the neighborhood or you don't .
Listing agents do more than simply put the house up on the MLS. They help sellers determine a price, help negotiate offers and inspections, etc. When I worked as an agent there was a lot of behind the scenes things I did for sellers when we had an offer. They never knew I was doing these things until I informed them of the progress as we moved to closing. If they hadn't been done, the sale would not happen. These things included following up with the buyer's agent on the financing, dealing with the title company, being a problem solver and being proactive to head off any potential problems.
As in any job, knowledge plays a role. It's like going to a doctor for an ear infection. You might see the doctor for 5-10 minutes and get a prescription. You'll get billed $100 for those 5-10 minutes. You're not paying for the time. You're paying for the expertise and other expenses the doctor has. You're paying for his office staff to schedule appointments and deal with insurance company. You're paying for the record keeping and on and on.
my question is , what does a real estate agent do to ask 7% commission on the sale of your home?
yes they list it on a web site, but I feel that you either like a house or you don't ,the house is in a good school system or it isn't , you like the neighborhood or you don't .
how does this add up to 7%?
For 7% commission I might hire a professional stager to decorate the house, a professional photographer to take pictures, a videographer to take video and do a 3D rendering... I'd buy advertising on facebook and in a few pertinent publications appropriate to the type of property, and hire a pianist to play soft music in the drawing room for all showings.
But that's what I might do. Who knows what your real estate agent will do for it!
At that rate better be more than bad iPhone photos on a mls listing. If I’m paying 6-7% the after agreeing to sell the most I wanna do is get a phone call saying all is well and show up say sign here and get my check.
my question is , what does a real estate agent do to ask 7% commission on the sale of your home?
yes they list it on a web site, but I feel that you either like a house or you don't ,the house is in a good school system or it isn't , you like the neighborhood or you don't .
how does this add up to 7%?
6% is generally the standard in my area. But this is a question the seller needs to ask when interviewing agents to determine who gets the listing. Some will do more, some will do less than others.
A house on my street was recently listed. I've been keeping an eye on it because it's a direct comp to my house. The "Coming Soon" sign has been in the front yard for two weeks. Finally, I was able to view the listing yesterday. The photos are terrible. "Coming Soon" for two weeks and these are the photos that are used? Some even have the MRIS 2007 watermark on them - low resolution pictures from 11-years ago? Note to self: Don't list my home with that realtor.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
