How to Pay Less Real Estate Commission

List: Posted: 09/29/11

Are you looking to sell your home but feel that most realtors charge far too much when it comes to commissions?  The great news is that there is something that you can do about it.  The world of real estate is not what it was even a decade ago, and today a majority of buyers are looking to make their real estate purchases online, making it much easier for sellers to work to lower their commissions significantly.

Consider Marketing Yourself

One thing you may wish to consider is selling your own real estate.  Listing through the MLS in your area is fantastic, and you will find that there are numerous websites that you can advertise on for little to no cost, in addition to newspaper ads and even open houses.

 

When you use as many avenues as possible to advertise your home, you can be met with incredible success in your quest to sell your home without paying a significant sum in terms of commissions.

Choose the Right Real Estate Agent

While you may think that selecting a so-called discount real estate broker can save you money, you might be surprised to learn that this is the wrong choice.  In fact, many of these brokers actually charge higher than average when it comes to commissions on home sales. 

 

Instead, realize that a highly reputable real estate agent will likely charge about the same as a less reputable agent.  They know that they can sell a good property quickly and get a fast turnaround, meaning less work for them and the same amount of money that other agents would have to work twice as long to earn.

Never Hesitate to Negotiate

You should certainly know that negotiation is always an option when it comes to real estate commissions.  It is illegal for a real estate agent to tell you that rates are set by the government.  Even though many companies do in fact set their own standard rates, you will find that many agents are both willing and able to negotiate. 

 

If you threaten to go elsewhere and you have a great property, you may be able to get a substantial discount.  The key, however, is to keep your expectations realistic, and remember that you will ultimately get what you pay for.

Shop Around Before Making a Choice

The last and possibly most important piece of advice to anyone looking to lower real estate commissions is this: shop around.  Speak with a number of agents before making a commitment and look at not only how much they intend to charge, but what their overall marketing plan is.  Paying less for someone who will put minimal effort into selling your home is never going to be your best bet. 

 

When you find a great agent, whether online or in person, you will find that you can pay considerably less overall while selling your home faster than you ever would with a discount or poorly experienced agent.

Real Estate Brokers

    For the last 10 years, Greg Wells and his team of Loudoun County Real Estate Agents have provided home buyers and sellers with the quality service they deserve. With over 1,000 happy families reaching their real estate dreams, The Greg Wells Team knows the local market best. Earning nationwide recognition for their achievements, and the title of #1 agent in Ashburn, VA for the last four years, Greg Wells and team will ensure your goals are met, and that you have a smooth real estate process. Whether you are looking for a single family home, a town house, or a condominium, Greg Wells knows where you'll be the happiest! Call or visit the Greg Wells Team today to learn more about real estate listings and options within Loudoun County.

    • 20937 Ashburn Rd Suite 200 Ste 200
    • Ashburn, VA 20147
    • (571) 223-2947
    • 44675 Cape Ct 110 110
    • Ashburn, VA 20147
    • (703) 928-7860

      When it comes to buying or selling your home, don’t settle for just anyone. Find the best realtor today. 

      • Ashburn, VA 20147
      • (888) 412-7892

        Ashburn VA Real Estate & Homes for Sale

        • 44075 Pipeline Plz Ste 225
        • Ashburn, VA 20147
        • (703) 858-5676

        The material in this article is for informational purposes only. The views expressed in this article are those of the author and do not necessarily reflect the views or opinions of Local.com. See Additional Information

        More about local.com Features

        Socialize With Us
        Business Top Searches
        Recently Added Coupons

        Copyright 2017 Local.com Ltd - US Patent 7,231,405 - Privacy Policy - Terms of Service
        Advertise with Us - Claim Your Business Listing - Contact Us - FAQ - Site Map - Some data provided by Acxiom.