Get A Lower Real Estate Commission

The housing crisis has made selling a home more difficult than ever and the high cost of selling isn't helping.

Depending on where you live, selling a house is ranges from hard to impossible and even if you do find a buyer, go the traditional route and you'll pay thousands to a Realtor to do the deal.

There might be a way to get full service for less. Ask!

According to a survey described in this recent issue of Consumer Reports, abut half of sellers ask for a discount from the standard 6% commission and almost three quarters of those who ask get one.

As the survey suggests, not every Realtor is willing to discount just because you ask.

That's why if you're going to ask for a discount, the best way to get one is to decide what you can do yourself and offer to that in exchange for that lower commission.

Of course, if you're going to do everything yourself, bypass traditional Realtors entirely and pay a discount firm a few hundred bucks to get your house in the multiple listing service.

The worst thing you can do is pay full-price and get half service.

So if you are paying big bucks to a Realtor, make absolutely sure you're getting what you pay for by asking lots of very pointed questions before you sign on the dotted line.

Bottom line? Negotiating a lower real estate commission is like negotiating anything else.

Decide what's fair, ask for it and stick to your guns and maybe be prepared to do some of the work yourself.


You must be logged in to post comments.

Username:
Password (case sensitive):
Remember Me:

Read Comments

Comments are posted from viewers like you and do not always reflect the views of this station.
  • by TAMMY Location: CANNON, KY on Sep 13, 2008 at 10:14 AM
    MY FATHER HAS HAD THEIR HOUSE FOR SALE NOW FOR 2 YRS!!!THE HOUSE APPRAISES AT OR ABOVE 275,000.00 ..NICE ROOMY HOUSE AND YARD.. MY QUESTION IS? HOW DO WE GET MULTIPLE LISTING SERVICE?..
  • by Jonny Location: canada Ont on Sep 13, 2008 at 06:55 AM
    We have a program here called Private Exchanged, where u can list your own home on the website,etc...without paying commission!!!
  • by Jane Location: Stanton on Sep 12, 2008 at 05:46 PM
    Who wrote this article? apparently you do not know anything about real estate! I spend a lot of money in advertising by clients property-spend a lot on gas money-many, many hrs. are invested in selling the property..Calling and making appointments, finding financing, setting up appointments and constantly calling lawyers, inspectors to make sure they are doing their job..How would you (the writer) like it if I wrote "stories" for you for Free to the newspaper or TV station..Jobs are hard enough to come by-and I went to school for this and have a license-do you (the writer of this article)..I work hard and the government is not keeping me so please do not give away money that is not yours to give..

WKYT

2851 Winchester Rd. Lexington, Ky 40509 859-299-0411 - switchboard 859-299-2727 - newsroom
Register for Email
RSS Feeds
Copyright © 2002-2016 - Designed by Gray Digital Media - Powered by Clickability 28302199 - wkyt.com/a?a=28302199
Gray Television, Inc.