Many people wonder if they should use a discount broker to sell their home.
Their curiosity is about what is a fair fee to sell a home.
In a recent study done by Stagers, they shared their finds that the average agent spends less than 10 hours servicing a listing and in a Seller’s market it was speculated that they spend only 5 hours.
In that scenario, of let’s say 7 hours, a $300,000.00 home paying $9,000.00, the hourly rate for an agent is $1285.00 per hour.
An agent might say, but I have expenses.
The truth is that their brokerage pays for the multiple listing service that feeds to all other for sale websites.
Yes, they might pay for photography or for a custom sign. But really, $1200.00 per hour?
So, that it why we say that the average agent makes $800.00 per hour.
But what about a million dollar home?
Even at 10 hours that is $3,000.00 per hour.
WHAT could they be doing for $3000.00 per hour. Even at $800.00 per hour, that is more than your doctor.
The truth is that real estate is simple when you have a plan, experience and a solid foundation for how to lead a client to their options.
You can certainly choose to overpay, but why would you?