10-26-2009, 12:21 PM
28 posts, read
32,075 times
Reputation: 17
Real Estate Agents listing homes at 6% - NON-NEGOTIABLE!!!
I am thinking about listing my house for sale, but all of the Real Estate Agents I spoke to around Richmond said they will only list homes for 6% - and they are not negotiable!! This completely bucks the trend around all other parts of the United States, where Agents will gladly negotiate their listing rates. Has anyone else noticed this in the Richmond area? I wonder if there is some collusion going on?
10-26-2009, 04:37 PM
Location: Virginia (again)
2,185 posts, read
4,223,084 times
Reputation: 1360
Quote:
Originally Posted by
stevetrice3000
I am thinking about listing my house for sale, but all of the Real Estate Agents I spoke to around Richmond said they will only list homes for 6% - and they are not negotiable!! This completely bucks the trend around all other parts of the United States, where Agents will gladly negotiate their listing rates. Has anyone else noticed this in the Richmond area? I wonder if there is some collusion going on?
Priority One and Option 1 are discount brokers. I think Priority One only charges $1000 (and then you pay the seller's realtor if they have one). They've been pretty successful selling homes in my neighborhood. I think Option 1 was 5% (maybe 3% to the seller's agent and 2% for them). When we sold four years ago we negotiated with our Remax Agent (I believe we paid 5 or 5.5%). I think if your house is hard to sell, though, they might not be as negotiable.
10-26-2009, 04:41 PM
22 posts, read
62,783 times
Reputation: 13
PM me and I will refer you to a friend of mine who is very very good and will negotiate his rate.
10-26-2009, 06:41 PM
28 posts, read
32,075 times
Reputation: 17
Thanks for your answers!
10-27-2009, 05:13 AM
Location: Virginia (again)
2,185 posts, read
4,223,084 times
Reputation: 1360
Sorry--in my post when I wrote "seller's" I meant "buyer's".
10-27-2009, 06:21 AM
Status:
"Waiting for football to start.... GO HOKIES!!!"
(set 10 days ago)
Location: Chesterfield, VA
976 posts, read
2,220,465 times
Reputation: 329
You may also want to try the Help-U-Sell franchise. I used to work for them when we were in the Fredericksburg area.
10-29-2009, 09:21 AM
Location: McLean, VA
4,619 posts, read
2,641,765 times
Reputation: 2019
Why do you care what the agent charges? Real estate fees/commission are paid by the BUYER.
10-29-2009, 01:58 PM
243 posts, read
312,950 times
Reputation: 68
Quote:
Originally Posted by
kevinm
Why do you care what the agent charges? Real estate fees/commission are paid by the BUYER.
There are certainly some fees associated with the sale that are picked up by the buyer but the seller pays the commission.
10-29-2009, 08:58 PM
28 posts, read
32,075 times
Reputation: 17
KevinM,
The SELLER pays the Listing and Selling Agent because the commission is deducted from the sold price of the home.
Quote:
Originally Posted by
kevinm
Why do you care what the agent charges? Real estate fees/commission are paid by the BUYER.
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