Save on Realtor commissions and get your home shown first
When selling your home you need to think like a Realtor - taking advantage of marketing exposure and differentiating your home from other listings. To maximize marketing you can list the home with a flat fee MLS broker in order to get the exposure of the MLS and other public websites like Realtor.com, and MSN among others. As a for sale by owner some agents may be reticent show the home. Because you are saving 3 percent on the listing side of the transaction you can combat that hesitation by offering a more competitive compensation to buyer agents than any other listing in the area. Agents are very aware of what their compensation for selling a home will be and if a listing is not offering a competitive rate, you can be sure they will show that home last, or in some cases not at all. As inventory continues to rise offering a compensation of 3.5 to 4 percent will ensure your home will be first on the list of area showings. Agents have utilized this strategy for years by offering buyer agent bonus or incentives, but there is no better incentive than cash! If you aren’t happy with the traffic you are currently getting, give it a try.
See Also
- Cutting sales commission may backfire on home seller
Buyer agents need incentive to show listing
