Special offer

Buyer's Market Good for the Best Agents

By
Services for Real Estate Pros with George Sheldon Photographer

I just received my author's copies of my latest book, The Everything Guide to Buying Foreclosures. This is my third published book about real estate. I am working on another book (its under contract, and due to the publisher soon). So I have been thinking a lot about the current buyer's market. It's all because of my busy writing schedule.

I have come to the following conclusion:

The buyer's market is good for the best agents. Working agents that can move properties will be in demand by those that want to their property sold. These agents will have no trouble justifying the commission. Sellers will gladly pay the commission. And agents won't even need to explain why they are charging the percentage they want. In other words, I think it will be easier for agents to get their commission, and won't need to offer discounts to get a listing.

Does everyone agree with this?

Karen Webster...Grand Rapids, MI Realtor
5 Star Real Estate, Grand Rapids MI - Grand Rapids, MI

Here in Grand Rapids, we've been in a buyer's market for quite a while.  Even though my husband and I have a great track record (that can be checked at the Quality Service website)and raving endorsements, most sellers still ask if we'll cut our commission.

We have a variety of responses, but it always makes me wonder if they also walk into Macy's and demand a cashmere sweater at a K-Mart price.

Oct 04, 2007 01:42 AM
Al Maxwell
Keller Williams - Marietta, GA
Real Estate Agent
When sellers are desperate, they will pay a higher commission, I agree. Whe  it's a sellers market, and homes are selling rapidly, then they don't think you worked for it.
Oct 04, 2007 01:45 AM