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Updated almost 12 years ago on . Most recent reply

User Stats

72
Posts
8
Votes
Ken Sanders
  • Real Estate Investor
  • Malvern, PA
8
Votes |
72
Posts

Selling - Flat Fee MLS? 0% Buyers' Agent Commission?

Ken Sanders
  • Real Estate Investor
  • Malvern, PA
Posted

I'm looking to sell my primary residence/long-term rehab, but I'm not sure what route to take.

My last home I sold via fla rate MLS listing service. I offered a 1% buyers' agent commission, got a lot of bitchy calls from agents asking for 3%, but I still ended up selling the house for close to the asking price. I basically wanted a FSBO with MLS exposure.

I'm thinking of going the same route this time, but I'm wondering if it makes sense to start off offering no commission and see what happens for the first few weeks. Would this be pointless though, being that non-represented buyers don't look at the MLS anyway. Just curious what other people who flip regularly would do.

Most Popular Reply

User Stats

72
Posts
8
Votes
Ken Sanders
  • Real Estate Investor
  • Malvern, PA
8
Votes |
72
Posts
Ken Sanders
  • Real Estate Investor
  • Malvern, PA
Replied

There's some painful truth in this thread. And, in this particular case, 3% is $12k!

Jon- I think that's what happened last time. This one agent called me almost every day asking for 3% and I kept turning her down. She obviously had clients that were demanding to see the house and she finally caved. Her clients ended up buying it. Too bad I can't count on that happening every time.

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