I am contemplating selling a home or two. It is not something that I do often, therefore my question regarding the process of selecting a listing agent.
There are a few discount brokers (like 3% Realty, Property Guys) who offer to save the seller a few percent on successful sale of their home. I am wondering how effective these brokers are when compared with some of the national brands (ReMax, Century 21 etc). There are also services that offer Flat Fee MLS listings that essentially let you list your own home on MLS and sell it directly.
It occurs to me that a buyer might be more inclined to "trust" one of the more renowned national brokers than either a discount broker, or indeed, one of the more locally owned brokerage firms, in order to buy a home. That, by nature, larger firms have a wider scope of potential buyers/leads from which to draw, and expose to your home.
There might clearly be other demographic factors involved - region, property type, buyer type etc.. Still, there must be some statistical evidence showing how effective discount brokers are compared to those more traditional entities, broken down by region perhaps.
In my situation, there is a small local agent I might list my property with, but I am concerned they simply do not enjoy the traffic of the larger firms. There is also a 3% broker who has made the effort to contact me directly. It also occurs to me that national brokers (with more employees) would also be able to draw on a wider range of market skills and experience. It is a tough decision to make, and the market is very competitive here, so I want to make an informed decision.
My other, and probably biggest, concern is that if I am a good, hard working RE agent, then I might want to "avoid" those properties that do not pay a standard (5% shared) commission. That I might only present properties to my client that pay me standard commission.
Anyone care to share thoughts or experience on this?
Finally, has anyone here attained their own RE license in order to list a home? For a minor fee, I could actually see some personal benefit in having my own RE license.
Thanks
Tony
There are a few discount brokers (like 3% Realty, Property Guys) who offer to save the seller a few percent on successful sale of their home. I am wondering how effective these brokers are when compared with some of the national brands (ReMax, Century 21 etc). There are also services that offer Flat Fee MLS listings that essentially let you list your own home on MLS and sell it directly.
It occurs to me that a buyer might be more inclined to "trust" one of the more renowned national brokers than either a discount broker, or indeed, one of the more locally owned brokerage firms, in order to buy a home. That, by nature, larger firms have a wider scope of potential buyers/leads from which to draw, and expose to your home.
There might clearly be other demographic factors involved - region, property type, buyer type etc.. Still, there must be some statistical evidence showing how effective discount brokers are compared to those more traditional entities, broken down by region perhaps.
In my situation, there is a small local agent I might list my property with, but I am concerned they simply do not enjoy the traffic of the larger firms. There is also a 3% broker who has made the effort to contact me directly. It also occurs to me that national brokers (with more employees) would also be able to draw on a wider range of market skills and experience. It is a tough decision to make, and the market is very competitive here, so I want to make an informed decision.
My other, and probably biggest, concern is that if I am a good, hard working RE agent, then I might want to "avoid" those properties that do not pay a standard (5% shared) commission. That I might only present properties to my client that pay me standard commission.
Anyone care to share thoughts or experience on this?
Finally, has anyone here attained their own RE license in order to list a home? For a minor fee, I could actually see some personal benefit in having my own RE license.
Thanks
Tony
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