Real Estate Commission Question

[Mike Lynch]

Hi,

If I am selling a home for around $350,000, the standard commission around here is 6%. Do you bite the bullet all pay that or do you maybe negotiate and give the listing agent less. I am not trying to be greedy, but I would love to hear what you all do or what I should do. I realize that you get what you pay for sometimes, but not always. I just want to find out as much as I can before taking action in the next couple of weeks and keep as much sweat equity as I can, of course.

Thanks!

[Jorge Zea]

@Lynn McGeein: Whoever gave you that advice most probably is a full service broker trying to steer you away from Flat-Fee listings. Full service brokers think that Flat Fee Listings are "not fair" and take business away from them ... not true. It is just a different product for a different type of seller.

WE have listed thousands of properties in multiple states and not once have we had a problem with agents not wanting to show a property because of the type of listing. They will get paid anyway and with the online resources buyers have these days if their agent refuses to show them a property they will just go to homesnap or zillow or trulia, get the listing agents name and go directly to the seller. 

I agree that customer must make sure it goes in the correct MLS ... that is VERY important.