Who Says I Don’t Deserve 6%?

maybe you should go for the hybrid afterall?

The real reality when listing anything, you’re really listing at 3%. In my opinion that’s a fair commission if you’re actually busting your butt in a tough market to set one home apart from another 7k and still get as close to full price as possible. I do agree however that in some markets where the avg med price on a home is maybe 5 or 600k there is room to negotiate, but like in my market where you’re talking the average home is from 150k to 225k, there really isn’t that much room and even the big discounters agree- the commission flexibility tightens.

If by some way you manage to bring a buyer that same price point applies in the liability and the cost but almost any agent in the Texas market and many others discount the buy side so the average commission ends up discounted anyway below 6%.

What Vicki has pointed out in her previous posts on her own site is the carrying cost. The upfront working with no pay, the cost of her time, marketing materials, etc is on her dime, if the sellers change minds and pull the home off the market, shes out the cost and effort. That is worth something, even to me, I’m not the richest guy in the world, I may not have the cash to pay a discounter up front. This doesn’t make Vicki a bad person, it makes her one option to me that may fit my needs.

I really think that being disgusted over commissions is a moot point anymore. Even Redfin below a certain dollar amount gives very little to nothing back to a seller or buyer. Who has 3 grand to plop down to a broker upfront? The fact is, even the discounters admitt it costs money- I see no one name calling them.

Jordan, you mentioned the cost of doing business, and that is exactly what a commission is, a cost. If that cost does not suit you, so be it, but I know I work one on one with my clients and will do just about anything to help them, including working with them on commissions- and so does Vicki I’m sure.

Vicki doesn’t need me to defend her, and I’m not, but what I am saying is that making broad statemens about commissions when even the discounters acknowledge that at a certain price point they can no longer discount, you have to almost certainly acknowledge that there is a certain small segment of the market where commissions are tripple what they are in the midwest, and we in the midwest feel rather attacked when you generalize, especially when we’ve never even seen a bubble.

So here’s my thought- lets talk about specifics here. Broad based general jabs is no fun. I understand what all of you are saying, but the fact is, if you’re generalizing statements, no one will ever make a valid point in any of this and I for one only have time for a true debate.