Option 1: No Commission

STRENGTHS

  • 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.