Does your potential real estate agent’s commission seem too high? Good news! You can ALWAYS negotiate that number.
(Tip: If an agent tells you that their commission is non-negotiable, it’s probably a good idea to find someone different to work with.)
At Mitten Made Properties, we’ve been buying and selling Southeast Michigan real estate for quite some time, and so we’re quite familiar with this process.
In fact, here are things you can use as leverage to negotiate with your agent:
If your home is in a very desirable neighborhood and/or is priced reasonably, then it will probably sell fast. In Metro Detroit right now, it’s not unheard of for homes to sell in a single day! And that means you might be able to negotiate a lower commission because the agent’s job is going to be quick and easy.
The more money your house is worth, the more money the real estate agent stands to make – even if they lower their commission percentage. So if your home is quite high-value, then it’s definitely worth asking the agent if they can reduce their commission.
Time of Year
When you sell your home also makes a difference. If you put your house up for sale in the summer when they typically sell quickly, then you can probably negotiate a better commission. If it’s the dead of Michigan winter, however, then you won’t really have leverage with this point as homes take longer to sell when the weather is gloomy, roofs are snow-covered, and people are busy with the holidays.
Hope that helps! And if you’d rather sell your Metro Detroit house as-is and fast for a fair cash price, give Mitten Made Properties a call at (248) 883-3340! We can close in as little as two weeks, and we’ll pay all closing costs!