Discover how to get Buyers Cash Rebates on Connecticut Homes
A factor to consider: Because the marketing dollars for a property generally come from the agent’s commission, a lower commission could mean less advertising for your house. Most agents won’t take offense, and the worst case is they say no. Or, if you’re truly tight on cash-say, because you’ve maxed out your budget buying your next home-you could opt for a transactional agreement, in which the listing agent will help you set an asking price, facilitate communication between you and the buyer, write the contract, and move the process along to closing for a flat fee or lower commission, but you won’t receive the agent’s full services. That being said, it doesn’t hurt to ask for a lower commission.
Generally, the home seller pays the full commission for the services of both their own listing agent and the buyer’s agent (assuming the buyer has one). In that case, the agent becomes a “dual agent” and gets paid both commissions. What is dual agency? So what happens if an agent represents the buyer and the seller? Enter your address and answer a few questions to get started. Find out what selling options are available for your home.
Perhaps that explains why 92% of home sellers use an agent to sell their house. There are no federal or state laws that set commission rates-meaning commission is negotiable. In other words, if you’re a home seller, you can certainly ask your agent to reduce their commission, but be aware that he is not obligated to do so. Commission standards can vary from state to state and among brokerages. Are real estate agent commission fees negotiable?
Now compare all of this to where you currently live, and weigh the two. You will need to “interview” at least 3 agents who work extensively in your neighborhood, and ask what their plan would be for marketing your home. Good real estate agents will be ready with suggestions on prepping your home for sale, staging it for open houses, and setting a competitive suggested price. If you have decided to give it a go and sell, communicate with several real estate agents. If you have any issues pertaining to exactly where and how to use Selling Residential Real Estate, you can call us at the web-page. Sometimes, the decision is simple to make a move and other times it is advisable to just stay put. Additionally make sure that they prepare a comparative market analysis report for you.
People sell their homes for many reasons and in many different stages of their lives. Do you have a nice new job lined up in another city that requires you to move? Is your house already too small, and a new baby is on the way? Are your neighbors driving you crazy? What’s your reason for selling your house? Why are you selling? Before you opt to sell, even before you put a sign in your yard, bear in mind this checklist and be sure that you are prepared to sell your house.
