The 3 Types of agents that will definitely discount their fee for you

By
Real Estate Broker/Owner with Serene Living AZ

Normally I don't work a lot with strangers. But in the last month, I've had 2 people email me out of the blue and want me to list their house. Their claim is that they have found me online (duh) and they think I'm probably the best agent out there... (obviously) and they want to know if I will tell them what I will sell their house for, and what's the discount I will give them for allowing me this opportunity.

Photo by Daniel Cheung on Unsplash

 

Let me see if I can explain this.... First of all, I can't see your house from my house, so to tell you how much it's truly worth would be a little more than a guess out of thin air... and  is as valuable as a used piece of gum or a z-estimate. Next, let me touch on that discounted fee topic, because I get it a lot. I understand it... you want to make the most bang for your buck. It's understandable and you're no different than every other person in every other situation in every aspect of life. It's what we all want, more value, less cost.  However, you have sought out a professional negotiator, whom I assume you need because you realize that there may be one or two aspects of this transaction that are not within your scope of expertise, and you have started by negotiating their worth....down. (that's the wrong way)

Again... to a professional negotiator... first question, "I want you to negotiate YOUR worth, DOWN for me, so that I know you'll get me the MOST money for ME"... That's basically what you just asked. Read that again so I don't have to retype it... I'll wait while you realize the flaw in your plan.

Can you get a REALTOR® to discount their fee? Sure! If I have sold you several homes, I would as well, because of my loyalty appreciation policy. But outside of you buying and selling, repeatedly, with an agent you know.. lets take a look at the 3 types of agents that will discount their livelihood and let the kids eat ramen in the dark this month, so you can save a buck, shall we?

  1. The new agent - The new agent is hungry.. there's nothing wrong with a new agent, we've all been there and I encourage people to give new agents a shot! They need to prove their worth and skill to someone... why shouldn't it be you, the risk taker? Tip: Make sure that new agent is guided by an experienced agent unless your side hobby is litigation, or professional real estate sales. New agents are great, but there is still so much to know, and the blind leading the blind, although fun and adventure packed.. is probably safer if accompanied by someone with clear vision, in order to avoid hazards and law suits.
  2. The desperate agent - Some agents are desperate for work and will sell anything for anyone for any amount. If that doesn't sound like a skilled negotiator, I don't know what does. This agent will obviously work harder than anyone to get you top dollar... or any amount of dollars, so they can get paid. But you can count on it selling fast! Because, they typically want their discounted check as quick as possible.
  3. Your mom - If your mom is a REALTOR ® you've got it made! (Unless you spent your child hood breaking her antiques. In which case, she may also see this as pay back time)

Before you ask your agent to negotiate their value, consider why they would do so. Would you trust that person to protect you? WORK for you? Would you go in and give your boss 110% if he asked you to give up a 1/3 of your pay check?

Real estate is a beautiful and complicated beast. We go in thinking it will be easy... "I can open a door, I love looking at homes. I have full tank of gas and nothing to do today". Then after a few transactions, we start to realize that we're not lock smiths at all, opening doors is for those guys... We are fire walkers! We take 10-110 pages of legal pit falls and we lead our clients safely through hazards, potential law suits, new agents etc .,to get them through the largest investment of their life, safely and yes... for the most money we possibly can get you... is our general goal.  So, if you really want to negotiate with me, in the way that the cross agent will negotiate with me... lets play.

Posted by

Serena Jones ~ REALTOR®

480-570-4773

http://www.serenelivingaz.com

serena@serenelivingaz.com

Investor and Seller Specialist in the Phoenix and East Valley Area, AZ


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Rainmaker
831,354
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

With many realtors have to take in less and work smarter I started seen agents carry card stating 0.9% listing/50% rebate.  What a way to self destruct this profession.

Jan 12, 2018 04:03 PM #1
Rainmaker
3,358,256
Dorie Dillard
Coldwell Banker United Realtors® ~ 512.346.1799 - Austin, TX
Serving Buyers & Sellers in NW Austin Real Estate

Good evening Serena Jones,

Love the post!! You are so right on these are the 3 types of agents that will discount their commission!!! There are so many agents with firms that are so desperate they are rebating 2% of their 3% commission! Hard to believe and not sure how they will be in business that long!

Jan 12, 2018 04:12 PM #2
Rainer
60,154
Golden1 Agents
San Mateo, CA

Thanks for sharing.

Jan 14, 2018 04:34 AM #3
Rainer
3,277
VENICE PARKER
Deeter Real Estate - Albemarle, NC
Real Estate Broker serving buyers and sellers

It's so true! Fortunately, in our firm, we are not allowed to negotiate our commissions. We do just as much work for our standard commission as we would for a discounted commission. Sometimes in the struggle to make a paycheck we take for granted our worth as productive agents and allow clients to dictate what we are actually worth. Thanks for sharing!

Jan 14, 2018 06:41 PM #4
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Rainmaker
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Serena Jones

REALTOR Extraordinaire ;-) ePro, ABR
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