For higher priced properties, I think a tiered rate approach is helpful, but be sure to "frame it" right with the seller. Example: 1st $1 million is 5%, next $500K is %6, next $250K is 7%. For $1,750,000 price the total commission is $97,500 (5.57% of total). That shows you have an incentive for getting a higher price for the seller. You'll push to get to the next pricing tier.
If the value of the home is high enough, a smart Agent is willing to drop their %. Which would you rather have. 2% of 3 million or 6% of 800k? If what the seller is offering is not enough for your time, tell them thanks but no thanks. That would be better than doing a half assed job and not selling the property and then have that seller tell everybody they know that you are a waste of time. I like your videos just the same. Good Luck with your sits.
For higher priced properties, I think a tiered rate approach is helpful, but be sure to "frame it" right with the seller. Example: 1st $1 million is 5%, next $500K is %6, next $250K is 7%. For $1,750,000 price the total commission is $97,500 (5.57% of total). That shows you have an incentive for getting a higher price for the seller. You'll push to get to the next pricing tier.
Two cents worth. You mileage may vary.
UltimateBargains 3 weeks ago
It's good to pay for the quality of the agent and build loyalty and a relationship.
Ajaces 1 year ago
If the value of the home is high enough, a smart Agent is willing to drop their %. Which would you rather have. 2% of 3 million or 6% of 800k? If what the seller is offering is not enough for your time, tell them thanks but no thanks. That would be better than doing a half assed job and not selling the property and then have that seller tell everybody they know that you are a waste of time. I like your videos just the same. Good Luck with your sits.
ohplezz 2 years ago
You're Doing a Great Job!
ashtoncoleman 2 years ago