What’s Your Commission?
There are some home sellers who shop commission and that is the only criteria they use to hire a real estate agent. Of course what a real estate agent charges for their commission should be a concern, but not your only concern. As a full time real estate agent that has been in the business for over twelve years, I have quantifiable results where I have charged a higher commission, yet the seller has netted more money. Yes, the seller walked away from the closing table with more money in their pocket!
How can that happen? Along with a higher commission, you should get a higher level of marketing including a professional home stager, professional level photography and greater exposure on the internet. This costs money. It should go without saying the more exposure you get on the internet and the more views you get from a professionally presented home the more showings you will get. More showings create competition among buyers and competition creates higher offers.
So yes while you can hire a real estate agent that charges less money you really need to see what you are giving up in services to get the lower commission.
What you should be looking for is how much money can I net versus how much do you charge for a commission.
Read the article I wrote explaining this in depth. In this article you will see an actual set of properties that were marketed at the same time but the person who sold for the highest price paid the highest commission! As a matter of fact almost $13,000 more yet they paid $3,620 dollars more in commission. What could you do with an extra $13,000 more from the sale of your home?
My advice is only start comparing commission after having a full understanding of what an agent will do for you to sell your home.