[Konig1985]

Hi All,

I am contemplating selling my home and was wondering if a flat fee commission agent is the better way to go? Listing price of the house will be around $770k to $800k in fairfield county. 5% of $800k is $40k so I am not sure if a traditional agent can deliver an additional $36k of alpha in the current market.

[Chocotaco76]

The sale of my home in Fairfield County was flat fee. I sold last year with Realty by Design. My home sold for 750, but I consider that I sold it for 790 being that I did not use a realtor, neither did my buyer. The home sold quickly given the market and I felt that I did financially much better by not using realtors. I did offer 2.5% to a buyers agent, but the buyer chose to not use a realtor so both parties would get a good deal. Very happy with this route, all I needed was an attorney to sign off.

[Stepfordct]

Originally Posted by Konig1985

Hi All,

I am contemplating selling my home and was wondering if a flat fee commission agent is the better way to go? Listing price of the house will be around $770k to $800k in fairfield county. 5% of $800k is $40k so I am not sure if a traditional agent can deliver an additional $36k of alpha in the current market.

At worst why pay 5%? Many brokers will do 4.0 to 4.5 with 2.0-2.5 going to buyers broker.
If your listing broker brings the buyer 4.0 max.

Now if your house will sell fast in this market......why even use a broker??

[SteveM85]

If the price is in line with the neighborhood and comps then by all means go with the flat fee. Many are still looking to escape from NY.

Best

[B3Fan]

Theses low cost brokers seem to reappear just before a market crash. It will be interesting to see if it happens this time around.