Sell for only 1% in NYC: http://www.hauseit.com/agent-managed-listing/
Save 1% when buying in NYC: http://www.hauseit.com/home-buyer-cash-back/
Are you thinking of selling your home in New York City? If so, you are probably shocked to hear that the typical real estate commission in NYC is 5-6%.
In this Hauseit tutorial, we explain how NYC home sellers can use a discount real estate broker to reduce their commission bills and save 3-5% in broker fees when selling a property in New York City.
NYC home owners looking to sell a property and avoid real estate commissions have historically had only two options:
• The seller could List For Sale by Owner and save 6% commission
• The seller could Hire a Discount Real Estate Broker and save 3-5% commission
Unfortunately, each of these strategies would result in the NYC home seller receiving some combination of a below market sale price and poor service or an overall bad experience.
Let’s look at the first reduced commission option: Selling For Sale by Owner in NYC
Save 6% and sell FSBO in NYC: http://www.hauseit.com/fsbo-nyc/
New York City home sellers looking to avoid all real estate commissions would list their home ‘by owner’ online without posting the property on the NYC equivalent of the MLS, or Multiple Listing Service. Unfortunately this strategy was highly flawed and almost always resulted in a poor experience for the seller and a less than optimal sale price.
Why? Buyer’s agents, who represent over 75% of buyers, avoid FSBO listings and don’t show them to their buyers.
This means that the NYC FSBO sellers who did not list their home on the MLS effectively excluded over three quarters of potential home buyers.
Now let’s look at the second reduced commission option for selling in NYC: Using a discount real estate broker.
Discount real estate brokerages in NYC offer sellers a full-service experience but for a reduced commission. In the city where the typical broker fee is 5-6%, working with a discount real estate broker sounds too good to be true. And it is – there are many problems with hiring a typical discount real estate broker in NYC. They include the following:
Discount real estate brokers often have a negative reputation with the brokerage community. So by working with a discount real estate broker in NYC, a home seller runs the risk of missing out on the 75% of buyers who are represented by traditional buyer’s agents.
What options are there for NYC home owners who want to avoid paying 6% in commission but achieve a good sale outcome?
Believe it or not, the solution is working withhttp://www.hauseit.com/agent-managed-listing/ . We are not a brokerage but rather a marketing company. We connect discerning NYC home sellers with full-service, brand name real estate brokerages who are willing to work with you for reduced commission rates as low as 1%.
