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Old 04-10-2024, 04:55 PM
 
87 posts, read 98,119 times
Reputation: 43

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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.
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Old 04-10-2024, 05:06 PM
 
1,375 posts, read 1,048,957 times
Reputation: 2526
Real Estate commission Change ?
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Old 04-10-2024, 06:14 PM
 
Location: DFW
40,952 posts, read 49,155,879 times
Reputation: 54995
The best time to sell a home and get the best price is spring, starting in March. The market slows down with the heat of summer. July is not that great of a month.
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Old 04-10-2024, 10:07 PM
 
100 posts, read 134,842 times
Reputation: 83
I think you can offer 2% buyer commission if you want, especially if your house is over $1 million. I don't think 3% is mandatory. That's what I was told by a friend of mine in real estate.
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Old 04-11-2024, 02:53 AM
 
1,447 posts, read 1,484,640 times
Reputation: 1820
The commission doesn't change in July.
Best time to sell is NOW.
What if interest rates goes up, based on the new inflation numbers.
That means buyers can only pay less for your home?
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Old 04-11-2024, 05:06 AM
 
112 posts, read 103,679 times
Reputation: 156
Another factor is your location - the selling prices seem to be reduced to 2021 level in some Dallas neighborhoods but in other places the prices are fine.
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Old 04-11-2024, 05:26 AM
 
4,831 posts, read 3,259,357 times
Reputation: 9444
Quote:
Originally Posted by tmtex View Post
Real Estate commission Change ?

I expect the OP is talking about this...

https://www.cnn.com/2023/11/05/homes...fee/index.html
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Old 04-11-2024, 06:15 AM
 
771 posts, read 932,411 times
Reputation: 1498
You can list now... realtors aren't required to take a 3% commission now anyway, that's just the standard. You can probably list for 1 or 1.5% to buyer and seller's agent and someone will work with you, because that's what the market is going to, whether they like it or not.
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Old 04-11-2024, 07:54 AM
 
Location: Kaufman County, Texas
11,852 posts, read 26,854,435 times
Reputation: 10592
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.
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Old 04-11-2024, 11:16 AM
 
7,061 posts, read 4,510,340 times
Reputation: 23080
Now is the best time of year to sell and I wouldn’t be cheap on the commission. You want realtors to market your home and show it to buyers.
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