You need to understand that not all agents are the same. Experience is the most important thing in real estate. Be picky about who you hire because your agent could save or cost you thousands of dollars. When you see 1% listings or flat fee listings, don’t forget that if a buyers agent brings you a buyer, you will still have to pay them, which turns that 1% listing into a 4% listing.
Of course, you can negotiate the commissions with your agent. More often than not, though, you’ll get what you pay for.
If the agent doesn’t see a reimbursement coming for their marketing costs, they are not likely to spend their money marketing your house for sale. Plus, if your agent cannot justify why they are worth their commissions, how do you expect them to negotiate the best price for your home?
The other disadvantage of a retail sale is the time it takes to sell a home conventionally. This means you will have to keep your house for sale in “show-ready” condition during those months on the market.
Plus, you’ll have to continue paying the holding costs that you will incur while you are waiting for the house to be sold. These costs include your: