How can you ask an agent to charge less, to reduce her fee? And why would an agent agree to do so? These are reasonable questions that confuse sellers. Many outside the real estate profession don't truly understand how commissions work or how real estate agents earn a living.
You can't successfully negotiate if you don't understand the inner workings. Then, there are those who simply believe that real estate agents make too much money anyway so they should give some of it back. Which is not a strong argument and not likely to entice an agent to discount her paycheck.
There are better ways to go about it, and here are a few workable strategies on how to logically and equitably negotiate commissions. Remember, any Joe off the street can hire a discounter at cheap prices. Because the best that you can hope for is to hire an experienced full-service real estate agent at a discounted price . . . read more about how to Negotiate Real Estate Commissions.
More Articles by Elizabeth Weintraub, click below:
- Full Service Real Estate Agents
- How to Find a Real Estate Agent
- How to Interview a Real Estate Agent
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Technorati tag: negotiate real estate commissions
At the time of writing, Elizabeth Weintraub, DRE # 00697006, is a Broker-Associate at Lyon Real Estate in Sacramento, California.
Comments
This is great stuff. I think you have shown how most “We buy Houses” guys operate.
One thing you don’t have right is that we will pay full price for a home.
If the owner will take a small down payment and let me make zero interest payments for 66 months and then a balloon, then I will pay 94% of retail value for a house.
I always tell people, try to sell your house first by yourself, but if you get desperate I am a fast option to sell an Orlando home.
Doesn’t it make sense to hire someone that can negotiate better than you to negotiate for you?