If you think real estate sells itself, why bother with agents? What is the value that an agent (either a seller’s rep or a buyer’s rep) brings to the table that you’re willing to pay even 3% to him/her?

And a variant on that — would you be willing to pay for services like you would any other professional? Say, for example, $75/hr for home staging; $1,500 for a home marketing brochure; $100/hr for open house, etc.?

I wonder if this a la carte approach isn’t something that the RE industry should think about.

-rsh

If you think real estate sells itself, why bother with agents? What is the value that an agent (either a seller’s rep or a buyer’s rep) brings to the table that you’re willing to pay even 3% to him/her?

And a variant on that — would you be willing to pay for services like you would any other professional? Say, for example, $75/hr for home staging; $1,500 for a home marketing brochure; $100/hr for open house, etc.?

I wonder if this a la carte approach isn’t something that the RE industry should think about.

-rsh

They need to lower the commission overall to 4% on lower priced property and 2-3% on higher priced or set a fixed price on a sliding scale. They should definitely have a lower priced commission on properties which the largest segment of the population can afford and which tend to move quickly.

I’m selling a $500K home right now.
I’ve offered a 3% commission to 2 buyer’s agents to bring me a buyer. THey won’t even have to spend one dime on marketing. I’ve even promised one agent my additional business in finding a new home for me when my current one sells. They would rather walk away from all that $$$ if they cannot get exactly what they want.

Real estate sells itself. Folks don’t go out buying houses until they are needing a house. It isn’t like the door-to-door Avon sales lady!

They need to lower the commission overall to 4% on lower priced property and 2-3% on higher priced or set a fixed price on a sliding scale. They should definitely have a lower priced commission on properties which the largest segment of the population can afford and which tend to move quickly.

I’m selling a $500K home right now.
I’ve offered a 3% commission to 2 buyer’s agents to bring me a buyer. THey won’t even have to spend one dime on marketing. I’ve even promised one agent my additional business in finding a new home for me when my current one sells. They would rather walk away from all that $$$ if they cannot get exactly what they want.

Real estate sells itself. Folks don’t go out buying houses until they are needing a house. It isn’t like the door-to-door Avon sales lady!