Why It Pays To Go With A Discount Broker Over A Full-service Agent
If you ever find yourself in a situation wherein you have to sell your home, you have to be aware of your options on how to go about the sale. One of the most important decisions you will have to make concerns the realtor you will work with. Research is really important in this case as your choice of real estate professionals to handle the sale of your house considerably impacts the amount you will be receiving from the transaction.
Many realtors base their commission on the value of the property; the higher the sale price, the higher the commission the agent gets. These commissions can get really high, and it is usually not without much regret that sellers part with such a significant amount. Wouldn’t you rather go through the process knowing exactly what the rate is to sell your home? Herein enter the services of a discount broker.
Opting to work with a flat rate realtor typically means you get to take home more money after the sale. With one fixed rate, there is no need to experience an unpleasant shock over the amount that goes to the agent no matter the value of your property.
Hiring a flat rate realtor for multiple listing services (MLS) makes the entire process of selling your home much simpler. For starters, MLS set fees normally range from $200 to about $900 with up to three percent commission rate (as opposed to the usual 6% demanded by traditional agents), but this is usually already covered by the broker’s flat rate. There is no need to bother with multiple commission payments or deal with more than one real estate professional.
Choosing to go the route of a flat fee broker also means that you’ll be able to offer up your property at a more attractive rate to buyers since there’s no need to beef up the selling price in order to compensate for the commission that will go to the agent’s pocket after the sale.
For people who actually invest in properties, discount brokers are more practical to work with than conventional realtors. In the real property industry, values can fluctuate in the blink of an eye; the flat rate offers the assurance that buyers don’t have to pay more in case values go up. You should realize, however, that the flat fee differs from one property company to the next, and even from region to region. All the same, the flat fee eradicates the apprehension or actual surprise that is an unfortunate element in commission-based transactions.
Take the time to compare the advantages of hiring a flat fee broker with those of choosing a full-service agent. At the end of the day, you can see which makes for a better home-selling experience and which leads to a bigger profit.