Should I list my house now or wait for July?

[Kenro911]

You can list your house for like 2% + flat fee total. There are plenty flat fee agents who will list your home on MLS and offer 2% to buyers agent. They wont do much leg work at all. But if you know what you're doing, then it can work - if not you'll be missing out on a lot of potential profit.

The whole 'best time to sell is now' is load of agent baloney. No one has a crystal ball. If anything Covid has shown is that something can happen which can double your house in matter of months. Or it can half like in 2008. Seasonally they're right though, spring is best time to sell.

[EDS_]

Originally Posted by ChristieP

Don't put yourself at a disadvantage by being cheap on the commission. It really is a small amount of money, and you'll do better if you time your house properly on the market. People with kids generally want to be moved into a new house before school starts, and July is too late for that.

It's a massive amount of money given time x talent inputs.

The problem with sales side residential RE is two fold, A. there are too many part timers and dabblers. B. the business is chock full of people who are utterly incompetent, lazy or disengaged. These two factors put lots of pressure on the 30% or whatever who are real hard working pros.

One of my lifelong best friends is a very successful mostly farm and ranch RE agent. He ends up doing much of the opposing agent's job often.......dealing with agents who don't understand the ramifications of specific title policy exceptions, mineral vs. surface vs. sight rights issues, livestock transfers, ag exemptions etc. Plus others who simply lie on behalf of their clients.

[ChristieP]

Originally Posted by EDS_

It's a massive amount of money given time x talent inputs.

The problem with sales side residential RE is two fold, A. there are too many part timers and dabblers. B. the business is chock full of people who are utterly incompetent, lazy or disengaged. These two factors put lots of pressure on the 30% or whatever who are real hard working pros.

One of my lifelong best friends is a very successful mostly farm and ranch RE agent. He ends up doing much of the opposing agent's job often.......dealing with agents who don't understand the ramifications of specific title policy exceptions, mineral vs. surface vs. sight rights issues, livestock transfers, ag exemptions etc. Plus others who simply lie on behalf of their clients.

I agree that a good realtor is absolutely worth that extra 1% in commission. The seller being a cheapskate and trying to save 1% ends up only short-changing themselves.

Yes, farm and ranch properties have their own set of rules, and you need a good realtor who knows them!

[Leonard123]

Sell when you need to move and have a place to go. Don't worry about timing and real estate commissions.

[CMC_TX]

Originally Posted by fuhongl

I am considering downgrade my house, but not in urgency. with all the real estate commission change in July,
should I wait? maybe the buyer commission will drop.
Right now, when I check online, it seems houses listed around my neighborhood, they still offer 3% to buyer agent mostly.

Not sure why people do not understand / comprehend that commissions for selling a home are negotiable and always have been! If one agent is unwilling to sell for less than the “norm” of 3%, move on to an agent who will! It’s not just “flat fee” brokers who are willing to do this.

For example, I work with an extremely reputable realtor, and because I’m a repeat client, they only charge me 1.5% + the 3% that goes to the buyer’s agent vs. The “norm” of 6%.

[fuhongl]

Originally Posted by CMC_TX

Not sure why people do not understand / comprehend that commissions for selling a home are negotiable and always have been! If one agent is unwilling to sell for less than the “norm” of 3%, move on to an agent who will! It’s not just “flat fee” brokers who are willing to do this.

For example, I work with an extremely reputable realtor, and because I’m a repeat client, they only charge me 1.5% + the 3% that goes to the buyer’s agent vs. The “norm” of 6%.

Yes, I spoke with a few realtors, some of them will charge 1.5%, some of them 2%. That's not going to change.
My question is more about the 3% that goes to the buyer agent. Could they be disappearing altogether after July for me as a seller? If so, that is not a small change. would you say?

[NORTY FLATZ]

"Best" time to list a property is the week of APRIL 11th to the 18th.

Ofc, I got this from an agent that's horny to list ANY property in my area....

[considerforamoment]

Say you don't have a clue about commissions, without saying you don't have a clue about commissions.

Commissions are negotiable - always have been. Negotiate whatever you want to pay whenever you want. Just understand that if the buyer's agent's rate is low and shows in the MLS, you might not get many showings. Make it fair and current market rate.

[considerforamoment]

Originally Posted by fuhongl

Yes, I spoke with a few realtors, some of them will charge 1.5%, some of them 2%. That's not going to change.
My question is more about the 3% that goes to the buyer agent. Could they be disappearing altogether after July for me as a seller? If so, that is not a small change. would you say?

You think buyer's agents are going to work for free? Funny.

[ThomasCrown]

Originally Posted by CMC_TX

Not sure why people do not understand / comprehend that commissions for selling a home are negotiable and always have been! If one agent is unwilling to sell for less than the “norm” of 3%, move on to an agent who will! It’s not just “flat fee” brokers who are willing to do this.

For example, I work with an extremely reputable realtor, and because I’m a repeat client, they only charge me 1.5% + the 3% that goes to the buyer’s agent vs. The “norm” of 6%.

Exactly. Once my home prices got above the million mark, I never agreed to pay an agent more than 1% to sell my home. I would agree to buy my new home with them as my realtor so they would get the 3% from the other seller. Now, it will be interesting to see how it plays out, but I bet realtor's representing the buyer will be taking 1% a lot more often, because if they don't, someone else will.