For the past handful of years or so, many homeowners have had to sell and simply be happy with whatever they made. The recession made selling a home at a decent price nearly impossible, so a lot of people were relieved just to get whatever profit they could. Of course, a lot of that profit was often taken by the agent who brokered the sale.
Now that we’ve moved on from the recession, it makes sense that you’d have a bit more confidence putting your home on the market. Still, if you go the traditional route, you’ll find that at least 3% to 6% of the revenue you make will go right to the selling agent. For most people, that could make up a good amount of the deposit they’ll be making on their new place.
Fortunately, there’s good news. You don’t have to change much about your home-selling approach to benefit from it either. All you need to do is simply list it with a flat fee contingency. This means that the professional who brokers the sale agrees to a specific amount, regardless of the price they get for it. This way, you won’t see a sizable percentage getting taken from your profits.
One of the reasons this works so well is because the Internet makes it possible to list your home for countless interested parties to see. They will contact you about the home, most likely with a buyer in mind, and then speak to you about the details. While you will owe a small amount to a site like this for brokering the deal, you’ll definitely have more left over at the end of the day for bucking the traditional route.
Aside from saving more on the actual listing, doing it this way means you’ll potentially reach far more people than if you simply hired a broker. You could actually end up with a much greater price for your house because of this, leaving you with an even bigger profit when you factor in the lower commission.
If you’re in the market to list your home, do so with confidence by going the flat fee real estate route. There’s no reason so much of your money needs to go to a third party.