Should You Increase Commission to Sell Your Property?
Few would argue that the Taos real estate market has followed the rest of the nation into a slump. True, it isn’t as deep, and I don’t think it will last as long as other areas. However, it is definitely here. Prices are softening, though not dramatically. Number of sales is definitely down considerably if compared to a couple of years ago.
When listing a property, the discussion might turn to offering a higher than normal commission to buyer brokers to help get it sold faster. I’ll set aside my dislike of this concept, considering that it seems to indicate that a buyer agent will somehow steer or convince a buyer to plunk down hundreds of thousands of dollars just to get more commission into their pocket. I’m not saying they might not try to do that…just that I don’t think they can push their buyers around in that way.
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Original Source: galleryrealtyoftaos.com
