Your home will be advertised on all the same platforms.
You can start by offering no commission and then choose to offer a commission at any point in the future.
If Buyers do have an agent, the agent will need to discuss fair compensation with their client. The Buyer may compensate their agent directly instead of you paying commissions.
When Buyer Agent Commissions are part of the offer, the commission becomes negotiable.
WEAKNESSES
Buyer Agents will be less motivated to promote your home to the Buyer.
POTENTIAL SAVINGS
Sellers can save 1%-2% of the purchase price.
Examples
Sale Price: $500,000. Savings: $5,000-$10,000. Sale Price: $400,000. Savings: $4,000-$8,000. Sale Price: $300,000. Savings: $3,000-$6,000.
Option 2: Offer Some Commission (0.1% to 2.5%)
STRENGTHS
Your home will be advertised on all the same platforms.
Many agents don’t like discussing commissions with buyers, this may result in the agent accepting the lower commission offered.
You can start by offering a low commission and then choose to offer a higher commission at any point in the future.
WEAKNESSES
Buyer Agents will be less motivated to promote your home to the Buyer when compared to homes that offer 3% commissions.
POTENTIAL SAVINGS
Sellers can save 1%-2% of the purchase price.
Examples
Sale Price: $500,000. Savings: $5,000-$10,000. Sale Price: $400,000. Savings: $4,000-$8,000. Sale Price: $300,000. Savings: $3,000-$6,000.
Option 3: Offer Typical Commission (2.5% to 3%)
STRENGTHS
Ensures that a Buyer Agent is motivated to promote your home to the Buyer.
WEAKNESSES
You pay 3% of the purchase price to a Buyer’s Agent.
POTENTIAL SAVINGS
You still save thousands of dollars in Seller Agent commissions using FISBA! There are no additional savings on Buyer Agent commissions with this option.
