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Updated over 5 years ago on . Most recent reply
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Current Denver Commission Rates -- 5%?
Hello! We're planning on putting our Denver 2bed/2bath condo on the market soon. We're currently discussing it with an agent in Denver. She's asking for 3.2% for her commission and 2.8% on the buyer's side. While 6% total has been standard over the decades, I was under the impression that 2.5% each was more common now. What's the trend for Denver, Colorado?
Also, If the agent represents BOTH the buyer and seller, is it reasonable to ask that the total commission be capped at 4%. If so, how can I word that request?
Another question -- if the agent is saying she will have it staged and professionally cleaned, can I expect to be billed separately for that, or is it common to wrap that into the commission (the 3.2% she's asking)? (I realize that question needs to be directed at her -- but just curious if there was a norm in Denver.)
Finally, any experienced agents on BiggerPockets interested in listing it? If so, would you do it for 2.5%? The market value is around $200,000. Though I imagine it could go for as low as $190K-$195K. New flooring was just put in the unit. It's in Denver proper -- but about a block or two from Aurora. Recent comps are in the $200K range. There are 3 others (in the same complex) currently on the market between $195K-$225K.
Thank you!