All you Need to Know About Real Estate Agent Fees
A lot of homeowners that choose to sell their homes do sell house without agent. Most of them choose this path because they do not have to deal with the issues that come with having a real estate agent. 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. Any house that a real estate agent sells will fetch a lot of money compared to one that is sold by the owner of the house. This just shows that using a real estate agent does not mean that you will get very little money from selling the house. Here you will get all the information you need concerning real estate agent fees.
The first thing that you should know is how much money real estate agents charge their clients. One does not need to pay the real estate agent fees before the house is sold. What this implies is that the real estate agent might end up working for a long period without asking for a single cent of money from you. The fees that you pay the real estate agent are in the form of a commission. The percentage that has been taken as being a standard commission for the sale of the house is 6%. The percentage has now risen because of the housing market bubble.
The other thing that you should clear the air on is if the real estate agents of both parties will get the commission at 6% individually. If you have a real estate agent it usually means that the buyer also has their own real estate agent that they hired. What happened when it comes to the commission is that they both get half the commission. This is much better.
At this stage, you should learn about the party that is supposed to give the commission to the real estate agents. The person that pays is the seller. 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. A majority of real estate agents just have the fixed 6% commission. The only good way to get a real estate agent fee commission that is lower than the fixed common one is to consider the house’s location.