Getting 4 quotes from well known real estate agents in Parramatta for selling an unit by private treaty. The sales commission rates are 1.7%, 1.8%, 1.8% and 2.2%. The proposed marketing plans and outlays are roughly the same. Their sales performance and reputation are similar. Just wonder why there are such big spread in commission rates. Does anyone know roughly what is the "average" rate in Western Sydney now?
What is the average sales commission for selling a property in Parramatta area?
asx100 on 25/09/2016 - 00:13
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I will not deal with any agent who purposely quote me a rate higher than their "official rate". I suspect the average rate in Parramatta area among major agents are 1.8%. I hope anyone who has recent experience will let me know. Many thanks.
That's the point, their "official rate" is negotiable in a free market…they may not over inflate the figure to you, but there's nothing stopping you from bargaining it down anyway. It never hurts to haggle a little… ;)
some dodgy agents quote pre-GST,
make sure this is clearly outlined in the contract before you sign!Agreed. If you are in western sydney it doesn't really matter who you go with, the property will sell itself. I sold with 1.2% in pyrmont and they did almost nothing.
Sell it yourself. You can advertise and show yourself.
All you need is a conveyancer to draw up the contract. When you have an offer you like, send the details of the offer and buyer to the conveyancer and they will do everything for you.
Mod: Removed personal attack.
Wiggle room…everything is negotiable.
Screw them down as much as you can, and get them to wear the sneaky bullshit costs they usually pass on like advertising. Remember, they're essentially getting money for jam, properties pretty much sell themselves once they hit the market, the REA often does next to nothing for their slice of the pie IME.