This is a continuation of a series of posts inspired by a conversation with an acquaintance who revealed a good deal of ignorance about the real estate profession. Because I think an educated market benefits everyone, I intend to debunk as many myths as possible. I hope you find this information useful. Please feel free to comment!Myth #13: All real estate agents charge the same commission percentage.
Fact-- Not all agents - and agent packages - are created equal. Every so often a caller wants to know what commission my office charges. Since I haven't even seen the property yet, I have to tell the caller that the commission is negotiable. One of my colleagues, when asked if he'll adjust his commission, cheerfully says "Sure!". And he offers to add two points to the original quote.
From full-service agents to discount agencies, make sure you know the type of professional you are hiring and what exactly you are buying. An agent that can professionally market your home above and beyond the MLS listing will increase your exposure within the marketplace, which will lead to a higher selling price and less days on the market. Will your agent incur costs to give your home that visibility? Find out, so that you may take everything into consideration when establishing the commission percent. Despite what an agent might say otherwise, commissions are always 100% negotiable.
