I think, in this aspect, you could propose:
6% if sold at or above full price with offer signed within 30 days.
5% if sold lower than asking price within 30 days.
5% if at full price more than 30 days.
I think it would work fine and also try to make an agent work for their commission.How do you get a discount…….simple, just ask!
I see that circa 2-3 % is the going rate that most pay. I accumulate and I have only ever sold two and I didn't pay anyhwere near that either, although the rea was also the PM firm looking after the rentals…..long history and we understand each other
and our mutual expectations.Five and six per cent is nonsense. I might offer 5 % on any amount over and above my reserve and even that
reserve would need to be ridiculous, however the bulk of the commission would be around the two's.Don't know about other's experiences, however whilst I don't intend screwing the agent to the point
where they're not going to promote your property with the energy and diligence that it deserves, I also
don't think paying them an amount equivalent to the stamp duty on purchase is going to receive any different
outcomes.Be very pleased to hear other's views also.
5% is a massive rate if you are selling your home. Generally commissions range between 1.1%-3%. The lower commissions are generally smaller agencies, but you should be able to easily get around 2% just by asking for a discount and saying you will go with someone else if they don't lower it (and be willing to go with someone else).
My parents and their next door neighbours recently used the same agency to sell their home. My parents paid .2% more than their neighbours just because they didn't push for a discount.
Ryan McLean | On Property
http://onproperty.com.au
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