Commissions were 3% until recently. people are fools to agree to pay 5-6.
Rec property is worse. We sold a cabin a couple of years back. I used a friend who was a realtor who did it for 3. After it was listed other RE firms tried to poach me. They wanted 25%!! F*** realtors. Some States make it nearly impossible to sell it yourself.
How do they do that?
“Commissions were 3% until recently. “
Buyer plus seller commissions have been 5-6٪ for ages.
real estate commissions have Been 6% for decades.
I use “Simply List” where I act as the listing agent through a RE broker and pay a 3% commission to the selling agent. I save thousands of dollars and the company provides a lock box, yard signs and advertises my house in the MLS. I think they charged me $450. But I am a former realtor, mortgage underwriter and mortgage broker. Most people are better off just listing with a realtor and paying 5%-6%.