Anyone who has sold their home before knows that doing so doesn’t necessarily mean they were in the driver’s seat, despite the fact that it was their house. Instead, the agent brokering the transaction tends to be the one who seems to have the most control. One only has to look at the fact that they usually collect a 6% commission on every sale for further proof of this fact. This has remained unchanged for decades too, despite the fact that home prices continue to increase.
For those who haven’t sold their home before, something like 6% may not seem like much. Typically, that’s a very small percentage. However, what if you sold your home for $400,000? That wouldn’t look so small now, would it? That $24,000 you just had to pay the agent could have gone a long way either with the down payment or renovations of your new home.
The good news is that you don’t have to suffer from those high commissions anymore—not if you know what you’re doing. Instead of handing over the listing of your home to some agent, why not post it on an MLS (Multiple Listing Service) website like this one?
By doing this, you’ll get your property seen by far more interested parties who want to help you sell it ASAP. That’s a huge benefit all by itself, of course. However, having that kind of exposure will also mean you have more grounds for negotiating the price you finally sell it for. In the end, that will probably give you a much bigger profit margin.
With flat fee real estate, you just pay a smaller commission to the site brokering the deal and then whatever amount you agree upon with the agent. Although you don’t have to, it’s generally regarded as a good idea to offer the buyer’s agent some type of compensation. However, as we’ve covered, this can be far less than it would have been in the past before digital options made flat fee real estate a possibility.
Don’t let unnecessary fees eat away at the profits related to the sale of your home. Instead, go with flat fee real estate and pay a predetermined amount for all the help you need moving your property ASAP.