Quote:
Originally Posted by blkgsr
what are peoples opinions on using One Percent Realty?
is it too good to be true? do other agents skip over these houses because they don't get as much of a commission?
paying $7800 vs $22000 sure is appealing.
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Quote:
Originally Posted by 411ken
Yea, I was thinking that too..but I was thinking if most buyers search for homes on their own online nowadays then it's worth a shot to save some $ if it works out.. that's my train of thought with going with 1% lol
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It really depends on the market you're in, and timing too. If you're in a high demand area with less inventory on hand at your time of listing, many buyers nowadays will find your listing and come to it anyways. If they like it, they know they will have to act on it quickly and get their agent on it, regardless of whether the buyer's agent is happy about the commission split or not.
If you're in an area or type of home that is dime a dozen, then yes, listing with 1% will get you less action as the realtors with the 'proper' firms will place your listing on the bottom of their lists, if not forego it completely. Maybe 4 or 5 years ago when homes were virtually selling themselves, it didn't matter who you list with they would sell relatively easily no matter who you use.
If you are willing to do the leg work, there are flat-fee listing real estate companies that will get your home up on MLS for something like $1500-2000 and take care of all the closing paperwork and contracts. You take care of the marketing and showing and all that stuff yourself however you want. But you'd have to make pretty clear that you are still willing to pay the 'regular' buying realtor's commission, if you are, to try and entice showings.
FWIW, our recent open house condo listed with a regular realtor. Of the traffic we got, 75% came on their own without a realtor anyways (though some of them were already connected with a reator).