When people decide to sell their home, it’s understandable that one of the first things they think of is getting the best price possible. After all, though homes are for shelter, first and foremost, most people still look at them as investments. Also, the majority of people depend on the sale to go well so they have money to put down on their new home.
In the past, however, there was at least one very big problem in the way. To put it simply, the agent who helped make the sale happen usually got right around 6% for their services. This was 6% of the total revenue, by the way, meaning the homeowner’s profits took a serious hit.
Although, to some people, 6% may not seem like a huge sum, think about what that could mean to your sale. Most people put down 10% on their new homes right off the bat. When you lose 6% from the sale of your home, that could be over half of your potential down payment on a new one.
Unfortunately, for a long time, there really wasn’t a lot you could do about it. Nowadays, though, you can use flat fee real estate to get a deal that favors your interests more.
Flat fee real estate just means that you only pay a buyer’s agent an agreed upon amount for their services, regardless of the price they deliver for your home. Essentially, it eliminates the commission. While you may have to pay some type of commission to the MLS (Multiple Listing Services) website, this will be less than half what you used to pay an agent.
The other really great thing about using a site like this is how you’ll be increasing your exposure. Multiple agents could see it all at once and contact you to make a deal. This type of completion will help you profit from the driver’s seat the next time you decide to sell your home.
While putting your house up on the market is never the easiest of ordeals, that’s no reason it has to be such a tough one for keeping the money you make. With flat fee real estate, you’ll be able to keep a greater sum of the price you get for your home.