Buyers agent commissions can typically range from 2%-3% of the homes selling price.
How to set a buyers agent commission:
We want to help you decrease your sales expenses. To assist with this, we help you set an attractive buyers agent commission for your goals.
First, we review previous home sales in your area to look for trends in buyer agent commissions. This can be area specific. For instance, homes in Hudson typically have a higher average buyer agent commission than homes in Massillon.
Second, we review your goals with you to determine how you would like to incentivize other agents to show your home. If you have a lot of time, and are willing to test the market, you may be okay decreasing the buyers agent commission. If, on the other hand, you need to sell your home in the next 30 days no-matter-what, you may want to offer more commission to a buyers agent.
Third, we review your home and its ease to sell. If you have a well maintained home, that is attractive to buyers, you may be able to decrease the buyers agent commission because your home will “sell itself”. However, if you have a home with deferred maintenance, or other factors that deter buyers, you may want to set a higher buyers agent commission.
We set a custom buyers agent commission based on your goals and your home.