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Old 11-12-2010, 02:03 PM
 
42 posts, read 84,724 times
Reputation: 27

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Hello all, I will be selling my home in central NJ next year (no MLS, no flat fee service, etc.) and looking for some guidelines. Needless to say, I've been getting advice from all ends of the spectrum. Specs on the house: $360K price range, move-in condition (new everything), upscale community with HOA ($400+) and there are always people looking to buy in my community. The suggestions I've gotten were between 1.5-3%. I have already read all of the threads regarding why an agent is not motivated to show a FSBO, but I would still like to see some opinions on suggested commission.
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Old 11-12-2010, 03:07 PM
 
Location: Marion, IN
8,189 posts, read 31,249,701 times
Reputation: 7344
Around here it better be 3% or agents won't show it.
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Old 11-12-2010, 03:31 PM
 
65 posts, read 198,198 times
Reputation: 34
I am offering 3.5% even then not many showings from realtors. I am doing better on my own getting potential buyers.
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Old 11-12-2010, 03:47 PM
 
Location: Marion, IN
8,189 posts, read 31,249,701 times
Reputation: 7344
OP I am curious, how do you plan to make agents aware of your house if there is no presence on the MLS?
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Old 11-12-2010, 04:43 PM
 
Location: Simmering in DFW
6,952 posts, read 22,701,516 times
Reputation: 7297
How can you get the word out to agents w/o listing it on MLS?
I would pay the going rate as if I were the RE agent and the buyers' agents got the other half....
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Old 11-12-2010, 06:46 PM
 
55 posts, read 267,794 times
Reputation: 46
Quote:
Originally Posted by Racelady88 View Post
Around here it better be 3% or agents won't show it.
Up here in the Boston area, 2.5% is the going rate.
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Old 11-13-2010, 12:22 PM
 
Location: Athens
470 posts, read 1,502,185 times
Reputation: 262
The big question was asked above: How do you get the information out to agents that your home is available? It won't matter what rate of "agent protection" you offer if the agent has no idea the home is one the market, etc. I have seen a lot of different attempts for FSBO's to get agent attention but most have been failures. Signs, email campaigns, flyers, etc. Most agents do not go beyond an MLS search to find available homes.
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Old 11-15-2010, 08:05 AM
 
42 posts, read 84,724 times
Reputation: 27
Default Sorry I forgot to add--I don't want agents if I can avoid

I was asking in case the situation arises that an agent comes to solicit me for the listing and I need to provide the commish I would be paying. I am not overly concerned about getting traffic to my home based on my location and my timeframe. My biggest concern is the appraisal.
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Old 11-15-2010, 11:02 AM
 
Location: Southern New Hampshire
4,643 posts, read 13,956,559 times
Reputation: 4626
What worries you about the appraisal? Surely if you're selling your house on your own, you won't be making the mistake of overpricing your house... Make it the best deal in the area, spend a couple hundred bucks and hire your own appraiser. And while you're at it, have a thorough home inspection as well...


Quote:
Originally Posted by edavid944 View Post
I was asking in case the situation arises that an agent comes to solicit me for the listing and I need to provide the commish I would be paying. I am not overly concerned about getting traffic to my home based on my location and my timeframe. My biggest concern is the appraisal.
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