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> plus I paid her a 2% commission instead of 3%, and of course not 6% as if she represented me as well. I tried selling my home twice: first with the “normal”
by BrentOzar 8y ago
> plus I paid her a 2% commission instead of 3%, and of course not 6% as if she represented me as well.
I tried selling my home twice: first with the “normal” approach, using a real estate agent and paying everybody full commission. My agent just didn’t do enough to move the process along. After my contract with her expired, I bid her goodbye.
On attempt #2, I listed it myself (for sale by owner) but put in the listing notes, “FSBO, but the buyer’s agent will get 4% commission.” Agents kicked my door down bringing buyers in, and we sold it for full asking price in under a week.
- marpstar 8y agoThanks for sharing this. My first (and only) home purchase was a FSBO and I also did not have an agent. I didn't see what the point of it was from the buyer side. I'm hoping to sell soon and your 4% buyer agent commission technique is very intriguing. I made contact with an agent last year in my search for a new home and she's since practically forgotten about me. Never sends me any homes that match my criteria. Looks like I'll be going alone, again.
- asdf333 8y agovery nice. way to hack the system
- novaleaf 8y agoawesome tactic. thank you for sharing. in my life I did a "normal" buy, did a FSBO, and latest did a buy via Redfin. I can see a place for buying agents, as they can/should do a lot of the legwork scoping out potential homes for their buyers. I did that myself when I did Redfin, which is what I wanted, but I can see how most people wouldn't have the time (basically house shopping was my fulltime job for 3 months) I only did my FSBO sale at the peak of the last housing boom, so with that caveat in mind, I don't really see a place for normal selling agents.