Daylatedollarshort said:
"Realtors make more money by moving more houses, not by holding out for top dollar when they only get 6% of the extra money."
I believe the listing agent actually only gets 1.5%
I have no expertise in real estate, but I totally agree with your thoughts on this.
The realtor's payout when you get a low/average/high price for your property doesn't change that much. Their incentive is to list and sell the property as fast as possible, and move onto the next listing.
I think it is a major flaw in the existing system, and the only good strategy is to try selling your property without them. Most people are better off just playing the game.
If they list it very low, there is a chance they might just get low offers. I personally would lean a little higher, and be patient.
Take care, JP
"Realtors make more money by moving more houses, not by holding out for top dollar when they only get 6% of the extra money."
I believe the listing agent actually only gets 1.5%
I have no expertise in real estate, but I totally agree with your thoughts on this.
The realtor's payout when you get a low/average/high price for your property doesn't change that much. Their incentive is to list and sell the property as fast as possible, and move onto the next listing.
I think it is a major flaw in the existing system, and the only good strategy is to try selling your property without them. Most people are better off just playing the game.
If they list it very low, there is a chance they might just get low offers. I personally would lean a little higher, and be patient.
Take care, JP