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You pay less commission and get the same services

José August 6, 2008 Real estate Views: 30 View Comments Imprime este post Print this post Envia este post Send this post Share / Bookmark Copyright Jose Ramirez

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Via Consumer Reports comes this study on the cost-service commissions paid to real estate agents. The study cocluye to pay a higher commission does not translate into more and better service or performance.

Satisfied customers

71% of home sellers were satisfied with the work of estate agents, only 12% was not.

The homes continue to sell

86% of the owners managed to sell their homes and gave up only 8% of sale.

90% of properties on the market were less than six months.

The agent helps homebuyers

66% of homebuyers used a real estate agent paid an average $ 5,000 less than the selling price. The 34% who bought agentless paid the sale price set by the homeowner.

The homeowner will cost $ 5,000 real estate agent services

82% of homeowners who used an agent inmobliario received about $ 5,000 less than the selling price. 17% of those who sold on their own sold for the amount they had given.

Slower housing market, more services for agents

The while the real estate market worsened the agent offered more services and put more effort to obtain buyers.

The commission is negotiable

46% of sellers to negotiate for a lower commission and 71% succeeded. Independent agents showed greater flexibility to negotiate commission. Coldwell Banker was the company more rigid to negotiate discounts on commissions.

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You pay a lower commission and receive the same service

Some of those who paid lower commissions got fewer services from real estate agents, but little less. The agents' services were to determine the selling price, market analysis, preparing the home for sale, conduct open houses, housing market and negotiate with other agents to the terms of the sale. Usually, these services were not affected by the payment of a lower commission.

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