Should I Ask a Real Estate Agent for a Reduced Commission?

By Ron Rovtar
LoKation Real Estate
Boulder County CO

303.981.1617

If you’ve read any post about “what realtors don’t want you to know,” then you definitely know real estate commissions are negotiable. 

It’s in all the articles! 

But here’s something the authors don’t articulate. 

Paying less may result in reduced services. 

This may be okay with you. But you should know what you will sacrifice. 

© Ron Rovtar

Here’s my advice: 

Be a good negotiator. 

Seek the best balance between price and value. 

To start, let the agent speak first. 

Learn exactly how the agent works. Then ask many questions about, home pricing, marketing, negotiating, customer service, communications and anything else important to you. 

Write down everything the agent promises. 

Add any other tasks you would like accomplished. 

Now discuss commission. 

There may be wiggle-room in the agent’s first offer. 

Probe for it by countering with a lower number. 

Make sure the "wiggle-room" does not cost you services. Do this by reviewing with the agent the list of services you previously wrote down.

Next, consider the service package itself. 

Maybe some extras can be trimmed to save you money. 

If so, negotiate further.

Finally, make sure everything you negotiated is in your written agreement with the agent.

And here’s an additional tip: interview multiple agents. 

Competition improves your negotiating position. And you will learn a lot about buying or selling property. 

Ask Ron all your real estate questions: 303.981.1817

______________________

Ron Rovtar is a broker associate at LoKation Real Estate in Boulder, CO. Please call Ron with all your real estate questions at 303.981.1617.  To learn more about Ron, please visit his website. You can connect with him on Linkedin. For more about life in Boulder County and nearby, check out Ron's "Live In Boulder facebook page. Ron Rovtar does business as Front Range Real Estate, Ltd.  E-mail Ron.

#Boulder #RealEstate #Selling #Q&A
#realtors #realtor #boulderrealestate #boulderrealtors #realestateagents #boulder #sellingproperty #selling #negotiate #negotiating #price #commission #negotiatewithrealtor #negotiatewithrealestateagent