Buying & Selling Real Estate
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated over 4 years ago, 05/31/2020
Anyone ever use a "premium" Selling Agent - 3.5% fee
I have a 1M investment property I'm looking to sell in CA and noticed a model match closed for $30k higher than the previous comps. I called the listing agent and he gave me a 1.5 hour presentation about how great of an agent he is and how other agents get steam rolled when they deal with him due to his "success confidence". I asked him why he thought he was able to get $30k higher than the previous comps, but he just provided general information - good staging, photos, clean up the property, and re-painting the interior.
When I asked about his commission structure he told me he charges the highest in the area - 3.5% on the sell side (2.5% on buy side so total 6%). The highest I've heard of in my area is 2.5% and most agents go much lower. I would say average is 2% with a few broker agents going down to 1%. All full service agents.
I'm wondering if anyone has experience with BOTH a premium selling agent (above average in the area) and a lower fee agent. Would you pay a premium again? What do you think was the secret sauce of the premium selling agent?