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Would You Pay More To Sell Your House?

Reblogger Will Nesbitt
Real Estate Agent with Nesbitt Realty at Condo Alexandria 0225-089134

Something to consider

Original content by Holly Weatherwax

I just read an article on MSN Money, Pay More to Sell a Home Faster,  that says that sellers have begun paying larger commissions to incent their Brokers to work harder and to bring in more buyer's agents.

I am sorry, did I miss something?

When I create a contract with a buyer or with a seller, I create a relationship where I work for their best interest. If I choose to show a house because I would get a higher commission, whose interests am I representing--theirs or mine? It might be theirs, but the water is definitely muddy...

If I work harder on one listing than another, because one pays a larger commission, am I doing the best for both my clients, or have I sold myself to the highest bidder?

Is this more media frenzy or are people really doing this?  I have not seen it in my market, but that does not mean it is not around--just hasn't been on the listings that I have shown. Although, maybe I am naive, but I do not check the commission on the listing unless I am writing a contract; if the house is right for my clients, I show it.

No doubt, it takes more money and more time to sell a listing these days, even one that is priced right, but I am not sure that offering a higher commission is the way to move inventory.

house with a red roof

 

Comments(2)

Anne Hensel
South Beaches Real Estate Professionals - Saint Petersburg, FL
Realtor - Broker - St. Pete Beach, Treasure Island

Wiil, let me tell you, it sometimes work.

When I get a listing, my commission is still the same but sometimes I offer a "bonus" to selling agent if sold on or before ..date..

Or, I split the commission 2.5% to me (listing agent) and 3.5% to selling agent.

And that makes my listing more attracive to buyer's agent. Here in Saint Petersburg we have a HUGE inventory and if you have 5 units in a complex that are pretty much the same and the same price, whoever offers the highest commission gets the most showings.

So, yes, I offer higher commissions and that IS in the best interest of my seller.

Apr 09, 2009 12:27 AM
Will Nesbitt
Nesbitt Realty at Condo Alexandria - Alexandria, VA
Nesbitt Realty is a family-run brokerage.

Ann,

I've done the same.  ;^)

I sort of through this out there to see what other's think.

 

Will

Apr 09, 2009 01:40 AM