So, you're looking to sell your home and are hoping for a discounted commission. I promise you specific ways to negotiate with your agent.
Disclaimer: Homes sold with an agent have shown to sell for 11% more than when homeowners go it on their own.
Buy with your listing agent
You can buy and sell a home around the same time and use the same agent for both transactions. Keep in mind that it might be written into your listing agreement, so if you don't end up buying with them after all, you might in breach of contract.
If you have a friend who’s ready to sell (or buy!) then get them to go with your agent. This might help.
Consider a newer agent
Choose a newer full-service agent. They are looking to build their business. Newer agents can be enthusiastic and looking to do their absolute best. This can mean a great experience for sellers.
Another strategy is to vacate the home early but leave it staged. Sometimes it’s easier for agents to sell a home when nobody is living in it. This can be attractive to your agent.
Sell in the offseason
Maybe sell when they're not as busy in the off-season.
Have a pre-inspection
A listing agent’s duty is negotiations between you and the buyer, after the inspection. By completing a pre-inspection you can avoid any inspection surprises. That's going to help the negotiation process go smoothly. They can market all the new improvements or sell "as-is." This can make their job easier.
Offer multiple listings
If you’re an investor and have multiple properties to sell in the future, then your agent may lower their commission.
Reasons agents might not want to negotiate
1. If your agent is hesitant to negotiate their commission, there could be a few valid reasons:
2. They get so much business at their standard rate that they don’t need to take a lower rate.
3. They don't want word to get out. That could be a detrimental cycle.
4. They think your home may be hard to sell, either because of unusual features.
Bear in mind that if your agent is a hardball negotiator, congrats! They'll use those same skills when you hire them.
These tips should help you negotiate with your realtor. If you have any other questions feel free to reach out.
Realtor at Haven Real Estate Group