4 ms·
This. If a 5% lower price makes a sale 10% faster or more likely, that's what a full-time real estate agent wants to recommend.
by concede_pluto 9y ago
This. If a 5% lower price makes a sale 10% faster or more likely, that's what a full-time real estate agent wants to recommend.
- ars 9y agoThat's the hope. In practice there are many more complications. For example: Negotiations - you would expect your buyers agent to negotiate with the seller for the best (i.e. lowest) price. They'll never do it unless you make them. It's not all roses on the seller side either: The sellers agent is highly motivated to sell fast (i.e. less work for them). Like you said, 5% lower, 10% faster. So the sellers agent will tell the seller to list at a lower price than they should, to get a faster sale. This is not to the benefit of a seller who has time to wait for a good offer. So, like I said earlier: Real Estate is the poster child for why these laws are worthless. Just get rid of commissions, and switch to fee-for-service (possibly paid after sale). Each time they show the house they get a fixed fee, things like that.