What % fee for a co-broke?

2.5-3.0%.

Seriously, your apartment is worth $1MM, say. So you are worried about $25-30K fee to someone who helps get it done in this market?

They would normally get 2.5% - 3.0%, so offer 2%. You still end up saving 2/3rds of what you would have paid.

yeah, be penny wise and pound foolish, great idea starfish. Save $5K to piss off someone representing someone who would pay for your apartment. In this market. lol.

I heard back from the broker tonight, and they actually asked for 2%, so starfish you were right on.

skudder, lots of negative energy. Thanks, now move along.

Splot...take a page from the developer playbook...offer 2% to the broker promising to introduce a buyer....and an extra 1% if a contract gets signed in 30 days...best point you ever paid if your property moves off the market by Sept 1

Just a thought....

"So you are worried about $25-30K fee to someone who helps get it done in this market?"

And the agent wouldn't get anything in that case, so they would be the unwise and greedy ones.

2% seemed fair. Good luck!

I would offer 3%. You need to throw as much chum in the water as possible.

Real smart answer skudder - thanks for that wonderful insight. Feel free to withhold the snarky comments next time.

I have found that brokers will avoid your apartment to make more money somewhere else, especially if your unit is not unique... what can you do? they have to make money too, right?