Agent fees for sale by owner ??

[Chris K.]

Hello,

If I sell my home by owner what is standard agent fee percentage to pay for an agent to bring buyer? 2.5%? I see a lot of 2.46% on some websites ....

[Marcus Auerbach]

Selling agents make 3% in most markets, 2.4% in Milwaukee. I have been an investor much longer than an agent and I definitley get the temptation to sell FSBO. Especially in this market, wehere it is almost impossible to NOT sell. And of course there is the argument or work, working through contract to close issues and legal liabilities. You can manage all that, but here is the one thing that matters. A good agent (not just any) will make you more money that they cost. This starts with orchestrating a buyer frenzy on the opening weekend, playing your cards when accepting an offer, negotiating inspections, working through issues, dealing with the appraiser, to name a few!

Yes, you can sell it on your own, save 5k on commission, but it may cost you 30k on your bottom line.