We have been serving our customers for over 5 years and have heard hundreds of questions. The most frequently asked question is:
"How much commission should I offer to buyer agents?"
If you want maximum market exposure, offer a competitive commission. If you want less agent participation, adjust the commission accordingly. The choice is up to you. We have had people be successful as low as $500 and as high as 5%, and everywhere in between. Our customers’ most common choice is 3%. When our general manager sold his Tacoma house this way, he didn’t know whether his buyer would prefer to work with an agent or not, and he wanted to attract the largest possible audience. He offered 3% because it appeared to be what most of his competitors (neighbors) were offering. He received offers through agents and direct from buyers, and the best offer was direct, so he paid no commission.
Over the months we will add things to help you make the most of your experiences with buyers, agents, mortgage companies, attorneys, title insurance, escrow, appraisers, inspectors and MLS4owners.com.
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