Negotiation on Agent Sales fees

[chindonly]

Anyone have recent experience (in Qld) with negotiating sales commission fees down?

Have recently been quoted 5% of the first $18k and 2.5% of the remainder.

This seems to be the standard fare, but for a mid- $900k property, I feel its a bit high.

Also have multiple PM arrangements with this agency, so would have thought some discount was in order.

Any thoughts?

 

[Scott No Mates]

Tell them to get creative. In Sydney you'd have to pay around 2% possibly less.

Are you or the agency paying for adverts?

What is their current no. of days on market for their stock?

How old is the most stale property & why?

 

[Ed Barton]

Anyone have recent experience (in Qld) with negotiating sales commission fees down?

Have recently been quoted 5% of the first $18k and 2.5% of the remainder.

This seems to be the standard fare, but for a mid- $900k property, I feel its a bit high.

Also have multiple PM arrangements with this agency, so would have thought some discount was in order.

Any thoughts?

That is the maximum payable by law in QLD.

 

[chindonly]

Have talked them down to a flat 2.25%. Best they will do apparently...

 

[Rolf Latham]

Have talked them down to a flat 2.25%. Best they will do apparently...

go gecko will do fixed fees

ta
rolf

 

[Jtkumnick]

definately try to negotiate down. if they fold quickly and easily, they will do the same when they are sitting down with the eventual buyer.