– Getting Started & Next Steps

Important Information Concerning Real Estate Agent Fees

It is the preference of a majority of people that own houses to sell house without agent when they have decided to sell. The reason they do this is to not have to find a real estate agent to hire to help them. However the main reason that drives them all to sell house without agent is so that all the money from selling the house will go to their pockets only. When one hires a real estate agent they will have to pay him or her. Avoiding hiring a real estate agent is very misguided. The reason being, when a real estate agent helps you to sell the house, the price the house fetches is usually higher. Which means that you can pay the real estate agent fees and still remain with a lot of money. Here you will get all the information you need concerning real estate agent fees.

To begin with you should get to know about how much a real estate agent will charge you. Prior to the house being sold, you will never have to pay the real estate agent any money. This just shows that you never have to give the real estate agent any money no matter how long it takes. The real estate agent fees are paid in the form of a commission from the sale of the house. The widely agreed-on percentage of the commission a real estate agent takes is 6%. The percentage has now risen because of the housing market bubble.

The next thing to know is whether the 2 real estate agents will get the 6% commission. In this situations you will get that the buyer and seller of the house both have their own separate real estate agents. Here both the real estate agent will sit down and share the commission equally. As compared to having to sell house without agent.

Here we talk about who gets to pay the commission to the 2 real estate agents. It is usually the seller of the house that will pay the real estate agent fees. After paying them, the 2 real estate agents then split the commission. You can also get home improvement ideas from the real estate agent.

The last thing to know is whether you can negotiate down the commission that the real estate agent takes. In most cases the commission is simply fixed at 6%. The one thing that can be able to change the percentage of the commission you give the real estate agent is where the house is located.

Leave a Reply

Your email address will not be published. Required fields are marked *