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julybride0706
LIF Adult
Member since 3/07 1376 total posts
Name:
kaitlyn
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how much is RE commission? and can i nego?
what is the usually rate? we want to sell our co-op and then buy a house. how much do REA charge these days?
also, i was thinking of negotiating of lower the rate if we use her for buying. anyone had prior experiences with that?
TIA
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Posted 1/23/09 3:43 PM  |
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Prudential Douglas Elliman Real Estate
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micknjohn
LIF Infant
Member since 7/08 333 total posts
Name:
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Re: how much is RE commission? and can i nego?
Posted by julybride0706
what is the usually rate? we want to sell our co-op and then buy a house. how much do REA charge these days?
also, i was thinking of negotiating of lower the rate if we use her for buying. anyone had prior experiences with that?
TIA
I think 4% is standard now a days. 2% to the sellers agent 2 % to the buyers agent.
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| Posted 1/23/09 3:46 PM |
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JessInCA
live laugh love
Member since 8/06 5082 total posts
Name:
Jess
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Re: how much is RE commission? and can i nego?
You can negotiate a lower rate, but be aware that some REAs will not try as hard to sell your property if they don't feel enough is in it for them. Not all, of course, but that mentality exists.
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| Posted 1/23/09 5:31 PM |
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nov04libride
big brother <3
Member since 5/05 14672 total posts
Name:
Me
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Re: how much is RE commission? and can i nego?
Posted by micknjohn
Posted by julybride0706
what is the usually rate? we want to sell our co-op and then buy a house. how much do REA charge these days?
also, i was thinking of negotiating of lower the rate if we use her for buying. anyone had prior experiences with that?
TIA
I think 4% is standard now a days. 2% to the sellers agent 2 % to the buyers agent.
Where did you find 4? We've been told 5% by all the agents we spoke to, but were able to negotiate some to 4.5.
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| Posted 1/23/09 7:35 PM |
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julybride0706
LIF Adult
Member since 3/07 1376 total posts
Name:
kaitlyn
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Re: how much is RE commission? and can i nego?
Posted by JessInCA
You can negotiate a lower rate, but be aware that some REAs will not try as hard to sell your property if they don't feel enough is in it for them. Not all, of course, but that mentality exists.
hopefully she doesn't screw us over cuz our families gave her alot of business already. thanks for the warning tho.
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| Posted 1/23/09 8:33 PM |
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julybride0706
LIF Adult
Member since 3/07 1376 total posts
Name:
kaitlyn
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Re: how much is RE commission? and can i nego?
Posted by nov04libride
Posted by micknjohn
Posted by julybride0706
what is the usually rate? we want to sell our co-op and then buy a house. how much do REA charge these days?
also, i was thinking of negotiating of lower the rate if we use her for buying. anyone had prior experiences with that?
TIA
I think 4% is standard now a days. 2% to the sellers agent 2 % to the buyers agent.
Where did you find 4? We've been told 5% by all the agents we spoke to, but were able to negotiate some to 4.5.
hmm...i just asked my REA and she said 4-6% but it's negotiable. kinda high no? hopefully she'll give us a good rate b/c i just told her we'll use her to buy.
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| Posted 1/23/09 8:46 PM |
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Erica
LIF Adult
Member since 5/05 11767 total posts
Name:
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Re: how much is RE commission? and can i nego?
we were told 4% right off the bat from 3 REA...one told us 4.5-6% depending on what services we wanted (how much we wanted her to do)...we obviously didn't go with her if 3 others would do the same for less.
we didn't negotiate for less, b/c it might stop buyer agents from coming in.
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| Posted 1/24/09 8:48 AM |
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julybride0706
LIF Adult
Member since 3/07 1376 total posts
Name:
kaitlyn
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Re: how much is RE commission? and can i nego?
Posted by Erica
we didn't negotiate for less, b/c it might stop buyer agents from coming in.
i've never thought of that. thanks!
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| Posted 1/24/09 10:13 AM |
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