DID you know that real estate commissions are considered negotiable? ....

Real Estate Commissions

Did you know that real estate commissions are considered negotiable? That being said, there is a standard that many real estate professionals use when it comes to what commissions they require based on the services they offer. The general consensus among Edmonton REALTORS® is based on 7% - 3.5% on the first $100,000 and 1.5% on anything over $100,000 for both the buyers agent and  the sellers agent.
What's All The Buzz About "Flat Fee" MLS® System Services? Some companies have started offering "flat-fee" or low fees for listing services from agents, however, we advise to be weary of these "selling tactics" as in many scenarios a lower commission rate can result in less service from your seller agent. Be careful and read through the fine print - as often times, the savings may cost you in the long run.
What Is Included In The Commission Structure? When the Sherri Naslund team lists your Edmonton Home - we pride ourselves on the service and value we provide to you as our client. We work with you to sell your home in a timely manner, for the best price possible through smart marketing initiatives. We will spend the time and energy needed to showcase your home in the right light to potential home buyer's. By requesting a Free Edmonton Home Evaluation from us, we will visit you in person to discuss the service and commission options available to ensure a great sale.
When Do We Discuss The Fees Involved In Selling My Edmonton Home? Prior to assessing a fair commission structure, my team will want to perform an in-person home evaluation. During the home evaluation, we can take the time needed to assess the services that your home will require to ensure selling success. We will also discuss how hands-on or off you would like to be during the entire selling process. Once we determine the services that you will want included, we can determine a fair commission structure and create a win-win situation for everyone involved.  Remember - there is a fine balance between focusing on service value and price. A lower commission structure - may not always result in a "higher" net rate of return.
Can We Negotiate A Buyer Agent's Commission As Well? Typically this is not recommended. Why? In order to be marketable to other agent's buyer's, it is important to remember that an Agent will always try to steer their client to a home that not only will be what the buyer is looking for, but also one were the agent makes their desired income. Imagine if there are two homes on the same block - with virtually the same features. The only difference is that one house is offering the buyer's agent 2.5% on the first $100,000 and 1% on the remainder versus the other home that is offering the standard. If you were that agent, which one would you try to promote more to your clients?

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