First, let me say that I am not a big fan of Realtor.com. I poll all of my classes around the country when we cover the three available sources for agent Web sites, asking the class how many have a presence on
Realtor.com and how many of those are making money with their Realtor.com site. A majority of attendees have a Realtor.com site of some sort; less than 1% are making money from it.
That said, I recommend having a minum presence on Realtor.com since a majority of sellers will look for you there before choosing you to sell their home. But…be aware that you don’t have to pay Realtor.com’s exhorbitant fees these days. They will negotiate, and you will save money.
Here are some of the comments posted by a few of my CyberStars(r) when the topic of negotiating with Realtor.com was broached on our private Google Group:
“No matter what they say, they will deal. It took me 3 months of bluffing/cancelling/etc., but I did get my annual fee drastically reduced from the ‘chart.’”
“I’m in their 2nd tier (25-50 listings p/yr). I negotiated a 44% discount with them last year. My subscription is for their ‘enhanced showcase’ only. I tried the zip codes feature a few years ago and dropped it. When I checked my stats on buyer/seller leads from the Web, only 5% of my buyer leads came from R.com, and 10% of our seller leads. Not very high, but like you, I suspect that sellers expect to see you on R.com. I use it as a marketing tool in my Pre-List, since many agents in my area don’t subscribe, or subscribe and never utilize it with the 25 photos and extended text descriptions that are offered. My VA handles it all as part of my listing program.”
“I have been able to negotiate a significant concessions on the featured homes. You just have to tell them what you’re willing to pay, and they’ll come back to you.”
“If you are worried about keeping clients happy with your online marketing (which I was when we let Realtor.com lapse earlier this year), my solution was to talk about how being on just one site isn’t important anymore, which is why we were giving them hundreds of sites. Then we created a list of the IDX sites in town and also talked about the growth of Zillow, Craigslist, Trulia and other sites we could post to for free.”
“I also am SMALL TIME, but got a 50% discount on renewal of Featured Listings, about 3 months ago.”
“After 8 years I am no longer paying the monthly Realtor.com extortion fee and guess what? I am still selling homes! That’s $3400 a year to spend on new money-making tech tools and on more effective Web marketing strategies.”
Again, I am not saying that having a presence on Realtor.com is or is not necessary to your success, but if you do use Realtor.com as a marketing tool, I hope you see that it pays to negotiate!
It’s a beautiful day here on the lake in Reston…hope it’s a beautiful day wherever you are, too!












