Quote:
Originally Posted by GoinAllTheWay
Looks like we are getting pretty close to getting our condo on the market.
My logic so far with selecting a realtor is to just go with the one that sold the unit next door to us. She's apparently sold a number of units in our complex and not knowing any realtors at all (bought the one I'm in now 20 yrs ago), she seemed like the right choice.
We met with her in fall and she left us with a pamphlet that shows her fee break down (7% on the first 100k, 3% on the rest).
After a really short chat with my step dad, he mentioned he negotiated a better rate with his realtor years ago as he used the same individual to sell current place and buy new one.
So that's got me curious, is the 7%, 3% pretty standard? Anyone have any experience with this recently that did better?
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Nothing wrong with speaking to multiple agents.
Any good agent is completely understanding of that and happy to present their services vs other.
Commission is definitely negotiable but not all agents will negotiate. Busy and successful agents are sometimes hard to get down on commission because they know what they bring to the table.
Having said that, it's their job to convey that to you in your meetings and for you to decide if you see that.
I always reduce my listing commission when my client will be buying with me as well, or for repeat clients. Relationships are more important than any 1 transaction.
I'm in Vancouver, but expect many Calgary agents will approach things this same way.
And as I illustrated in the previous post, I highly recommend using your own agent on the buy, even if you decide to hire 2 different agents (one on your listing, different on your buy).
You might feel the expert for your sale is different from the area or property you're buying, so you may choose 2 separate agents for each transaction.