Typical commission on $1.5m sale?

[paul2299]

Hi guys,

I'm in the process of finding an agent to sell the PPOR. Sale price is likely to be ~$1.5million. I'm wondering what kind of commission I should be expecting to pay, what would you consider a good rate at this type of selling price?

Also some agents seem to have the option of incentive type payments, eg if it exceeds reserve they receive 10% of everything above that level, any viewpoints on the pro/cons of that?

Cheers,

Paul

 

[Aaron_C]

~2%. I wouldn't bother with the incentive payments..agents have no incentive to get the best price for you - the only have the incentive to get it sold.