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I plan on having my house listed on the MLS in the spring and and would like the opinion of any agents on here.
The home that I am selling is a single story slab home that's very accessible under $250k completely upgraded - New cabinets, granite, laminate, new roof, new tankless etc. located in a desirable area within Cary. During the spring, I've seen homes in the neighborhood sell within a couple days with multiple offers at or above asking price.
I simply can't justify paying a listing agent anything or a buyers agent even 2%-3% considering the current inventory shortage and how quickly and easily these homes sell. I understand that most agents don't want to show FSBO homes or deal with FSBO sellers because they are viewed as inexperienced and there's usually is nothing in it for them.
Seriously, considering the current market, what's a fair commission that will entice agents to show my house?
why don't you just list your house for 3% higher and then offer the buyer's agent 3% of the cut? With the inventory shortage and how quickly houses are selling, it seems it could be something that would fly (assuming it'll appraise)
Honestly, there are a lot of homes that sit on the market due to bad listing too, so I think it's worth the commission to make sure your home sells as quickly as possible unless you're not in a rush to move.
At 2.5% it will cost me around $6K. Let's say that you work under a broker on a 50/50 split. That's a $3k commission check which in my opinion is a pretty good payday considering the house is already sold to the buyer before you even show it to them.
That being said, a 1% commission would yield around $2,500 or $1,250 to the agent which to me is fair.
Now, assuming that you are dealing with a seller who understands the process and is not unreasonable, from start to finish, on average how many hours would you have into such a transaction in todays market?
why don't you just list your house for 3% higher and then offer the buyer's agent 3% of the cut? With the inventory shortage and how quickly houses are selling, it seems it could be something that would fly (assuming it'll appraise)
I could go this route but would like to price it competitively so that it will move and would have concerns about the appraisal coming back at or above the selling price.
I sold my house last June. I multiple offers on the first day, all well above what I was originally planning to list at (which more than covered her commission) ... largely BECAUSE of everything the listing agent did for me. And that doesn't even take into consideration all the assistance she provided after we went under contract. Personally, I wouldn't dream of trying to sell without a listing agent.
Honestly, there are a lot of homes that sit on the market due to bad listing too, so I think it's worth the commission to make sure your home sells as quickly as possible unless you're not in a rush to move.
I agree. Hiring an agent to list a property is a smart move for most who don't have the time or ability to do so.
If you are able to clean up your home, hire a professional to take photos, write appealing ad, pay to have it listed on the MLS, understand disclosures, hire an attorney and are willing to represent yourself in negotiation, it can be done.
I sold my house last June. I multiple offers on the first day, all well above what I was originally planning to list at (which more than covered her commission) ... largely BECAUSE of everything the listing agent did for me. And that doesn't even take into consideration all the assistance she provided after we went under contract. Personally, I wouldn't dream of trying to sell without a listing agent.
That's great! I'm glad to hear that you found an such a great agent to list and sell your home.
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