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Recently sold my house with flat fee listing broker

We offered 2.5% buyer agent commission.

After the first open house weekend, we got 4 serious buyers, 2 from showings and 2 from the open house. 2 written offers both above asking. I told the stronger offer that if she paid her own buyers agent commission, I would not bother with any escalation or waiting for any other offer. She called her agent, with whom she has purchased many other investment properties. They negotiated a smaller commission that she would pay and we signed the contract.

Buyer agent commission: 6,400. 0.64% Seller agent commission: 400. 0.04%

A few observations: The first offer you get is usually your best. Buyers have more opportunities than sellers to reduce fees. Settlement companies can be unethical. This one gave a $200 credit to the buyers and then charged me a $200 processing fee.

submitted by /u/adsfdgfhgjhkjl2
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source https://www.reddit.com/r/RealEstate/comments/1khmk7c/recently_sold_my_house_with_flat_fee_listing/

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