We have not yet listed our house and don't have an agent. We do have a loan preapproval for our next house and I have seen one for sale that I'm very interested in. I would like to offer to list my current house with the agent of my potentially new house but with a lower commission than the 7.5 percent that is the norm here in the Kansas City area.
Any thoughts on that?
Commission is ALWAYS negotiable and if an agent tells you it is not, keep looking. I offer my clients three commission options of 5, 6 or 7% depending upon what extras and add ons they want.
If 7.5% is the standard where you are, I feel bad for you, that is crazy high for a norm. There are many areas around the country where 5% has become the norm.
If you called me and said , I will pay 6% plus you can rep me on my purchase that would be a lightning quick yes from me as I would make 6 or 6.5% off of being your agent. I like those numbers.
But sadly, many agents are greedy and will try to make you feel bad for that.
There is an agent out there for you, start by going to a site like Trulia.com and searching for an agent based on reviews. Go with somebody who has a good record of service with the their clients.