Spring Commission Discount 2016
We have had an incredibly hot spring 2016 market and many of you might be thinking - why are realtor commissions so high? The vast majority of westside listings are ending up in multiple offer scenarios and most are selling within a week or two of listing. Due to the reduced time required to market and in order to attract scarce listings, for properties listed in April & May, I am offering a discount of $4000 on my listing commission for homes sold over $1,000,000. My regular listing commission is 7% of the first $100,000 and 2.5% of the remainder of sale price. I generally offer a little more than 3% of first $100,000 and about 1.1% of the remainder of the sale price to a buyer's agent paid out of the total commission. My discount of $4000 is borne almost solely by me so as to ensure a buyer's agent won't be disincentivized. The discounted listing commission structure is: 3% of the first $100,000 and 2.5% of the remainder of the sale price with 3% of 1st $100k and 1.1% of remainder of sale price paid out to the buyer's agent. Have some questions? Give me a call and we can get started.