When we represent a seller and successfully close a home sale, the seller compensates us by paying a simple percentage of the closed price of the home. For most homes, that’s 1.4% of the sold price. For luxury homes – homes we estimate will sell for more than $1.2 million, we’re paid 2.4% of the sales price.
Most buyers will negotiate with sellers and ask them to cover their agent’s compensation as well.
Why do buyers make this request? Simply put, they’re typically investing every available dollar into purchasing the home itself, leaving little room for additional agent fees. While sellers can decline this request and require buyers to pay for their own representation, there’s an important trade-off to consider: buyers may counter by reducing their offer price to offset the cost of paying their agent directly.
In our market, buyer agent fees often range from 2.5% to 3% of the purchase price.
Our seller saves: $16,250.
Even if the buyer negotiates a lower 2.5% fee, our seller still saves $13,250.
Consider a $1.6 million home sale:
Our seller saves: $9,600.
Simply put, our sellers earn more when they sell with us. And they don’t sacrifice quality. Learn about our track record, see what our clients say about our services and find out what we do to get homes sold.