4 Options To Save On Buyer’s Commission

We have already established your path forward with exceptionally large savings on the listing agent side with our Full-Service listing fee of .75% and our Full Service PLUS (with open houses). But what about the buyer’s agent commission and your options to save? Before we start reviewing your options to save on buyer’s agent commission, I need to point out the landmark NAR (National Association of Realtor) settlement which has far reaching ramifications on how a buyer’s agent will be paid. The implementation of the settlement is scheduled for August 2024. In the meantime it is business as usual. 
 
For more information on the forthcoming settlement please see Key Takeaways of NAR Settlement

Here are 4 Rules about Buyer’s Commission Savings Now

Rule #1

Potential Savings can be determined by the size of your purchase price (more expensive have bigger savings) and current competing inventory (other houses in your neighborhood currently for sale).

Rule #2

You can typically reduce the buyer’s agent commission minimally ¼ of a percent for lower price properties, from 2.5% (typical commission) to 2.25%. Instant savings of a 1/4 on almost all listings!

Rule #3

Larger properties are typically where bigger savings occur! A million- dollar home and up in most cases, can reduce their commission to 1.5% vs 2.5% (net savings $10,000 on a $1,000,000 dollar home).

Rule#4

Your saving potential is case by case and exclusively your decision. When you contact us you will always receive an open and candid conversation about potential savings options. This will most certainly include the buyer’s agent’s commission as well.

*Note: The seller may choose to pay a buyer’s agent based on current market conditions and what other homes are offering, however offering any commission to the buyer’s agent is not required to use our services.