Factors Influencing Commission Savings
As a seller looking to maximize your commission savings when selling your property, you may be wondering what factors influence the commission discount, as well as what can be done in order to maximize your savings. While every home seller's situation is unique, in general the factors that impact the commission discount include sale price of your home, selling time frame, whether you would be willing to utilize the same Realtor to help you sell your existing home and purchase a new one, marketability of the property, and the level of seller agent's involvement in a transaction. The table below illustrates the relationship between various factors in a real estate transaction and commission discount:
- Factors Increasing
Commission Discount
- High property value
- Short-term selling time frame
- Willingness to use seller's agent to help you find a new home
- High marketability of your property
- Low seller agent's involvement
- Factors Lowering
Commission Discount
- Low property value
- Long-term selling time frame
- Unwillingness to use seller's agent to help you find a new home
- Low marketability of your property
- High seller agent's involvement