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Author Topic: buyer incentives  (Read 1271 times)

Offline gpre

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buyer incentives
« on: July 09, 2007, 08:38:41 pm »
I am considering listing with a flat fee MLS listing service.  I've been told a cooperating commission of 2.5% is average in the area.  I was thinking of going higher, but I was wondering if the money could be better spent on buyer incentives, like cash back at closing, or paying buyer's closing costs, etc.  Any ideas on this?

Offline yossi316

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Re: buyer incentives
« Reply #1 on: July 09, 2007, 09:09:44 pm »
The best tihng to do is try it all and see what gives you the higest return.
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Offline gpre

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Re: buyer incentives
« Reply #2 on: July 10, 2007, 08:25:04 pm »
Thanks Yossi316.  Any other feedback?

Offline fadi

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Re: buyer incentives
« Reply #3 on: July 10, 2007, 09:44:32 pm »
I would offer 4.5% commission and then see what you get. Most agents will try to negotiate the price down and will throw seller assistance in closing costs anyway.
Location: San Antonio, TX
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petemfa

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Re: buyer incentives
« Reply #4 on: July 10, 2007, 09:50:57 pm »
I advertise my properties myself and give a 3% commision to realtors if they bring in a buyer.  It's half of the usual 6% and most of the time agents split the commision with the buyers or sellers agent and end up with the 3% anyway.  If they sell they get paid, If I sell it I pay NOTHING.   You have to price them aggressively now a days.

 




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