Just a year or two ago, if you could get one offer on your house within 60 days, that was a home run. Now, if you have a reasonable home in a reasonable area that’s in a ‘sweet spot’ price point, you can expect as many as 10 offers in 48 hours. That means you as a seller should get a deal commission-wise, right? After all, your agent only had to work for a couple of days as opposed to, say, three months. Well, actually that’s not the case, and today I’ll tell you why.
Cited below for your convenience are timestamps that will direct you to various points in the video. Feel free to watch it in its entirety, or use these timestamps to browse specific points at your leisure:
1:12—Commission has no standard in North Carolina
2:08—The best doesn’t come at a discount
2:50—Commission is split four ways
3:19—Most brokerages won’t take less than their minimum
4:08—A 1% commission split is 33% of an agent’s pay
5:05—Asking for a deal means turning your relationship with your Realtor into an adversarial one
5:59—The job of a Realtor is harder than it’s ever been
6:22—Wrapping things up
As always, if you have questions about this or any real estate topic or are thinking of buying or selling a home soon, don’t hesitate to reach out to me. I’m happy to help.
