A recent study highlights that sellers using a 1.5% commission agent save significantly on brokerage fees, up to $6,000 for a $400,000 home. Flat-fee brokers might provide even higher savings, but require sellers to take on more responsibilities. The report also indicates that average selling prices for homes sold by brokers do not exceed those sold by owners. Yet, a survey revealed that only 24% of homeowners favor FSBO or flat-fee sales due to concerns over service. Many believe that low-commission agents can deliver quality similar to traditional brokers if they offer comprehensive services and have good reviews.
According to the study, sellers asking 1.5% in fees save up to $6,000 on a $400,000 home versus those paying 3%. Flat-fee brokers can save even more.
Despite potential savings, only 24% believe selling a home is best through FSBO or discount brokers, as surveyed homeowners express concerns over service quality.
The research indicates that low-commission agents often provide comparable quality of service to traditional agents, especially those charging around 1.5%.
For choosing low-commission brokers, it’s essential to ensure full service availability, in-person support, and positive client reviews to guarantee quality.
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