Can Real Estate Commissions be Negotiated?

Tuesday 16 Apr 2019

When you engage the services of an agency to sell your property in Victoria an Exclusive Sale Authority will be written up and the commission payable by you to the agency will be agreed upon and written into the authority. Commission, also known as fees are subject to negotiation before you sign the authority. As a vendor you will pay the agent the agreed agent’s commission when your property sells for a price you accept during the Exclusive Authority Period. At First National Balwyn North the fees cover: •An appraisal of the market value of the property •Advice to maximise the appeal of the property •Marketing and a strategy to introduce prospective buyers to the property •Determining any existing tenancy arrangements •Preparation of marketing and promotional material •Organization of signage for the property •Liaising with the occupants to organise inspections •Conducting Open Inspections and Inspections by Appointment •Qualifying prospective buyers and introducing them to the property •Providing regular reports regarding buyer feedback •Submitting all offers in writing to the Vendor •Negotiating a sale in accordance with the Vendor’s instructions •Receipting deposit in accordance with the Estate Agents Act 1980 •Providing the opportunity to the buyer for a final inspection prior to the settlement •Liaising with legal representatives of both parties to facilitate sale and settlement For more information about this article or any other real estate matters please contact us at First National Balwyn North