For as long as most people can remember, selling a home followed a fairly specific protocol. It meant you needed to hire a professional to help broker the deal and then pay them handsomely for doing so. Even though they may have negotiated the best possible price for your home, this still meant a hefty commission went to them, right from your profits.
This was far from ideal, to say the least, but for the longest time, there wasn’t much people could do about it. Thanks to the Internet, though, this is beginning to change quickly. If you’re going to be putting your home on the market soon, you’ll want to know why flat fee real estate has become the preferred method for so many people in your shoes.
As the name suggests, flat fee real estate just means you’re selling your home but will be paying the agent a specific, predetermined amount. Whether they sell your house for $100,000 or $200,000, this won’t change. There won’t be any surprises. Of course, you still have final say over how much you’ll accept for the property.
Now, you’re right to scrutinize this approach for one very specific reason. In fact, you may have already been thinking, “But don’t commissions help motivate agents to sell a home for more?” What would stop an agent from offloading your home for far less simply because they don’t have any incentive to go for more?
With the Internet, you now have MLS sites like this one. What we do is help sellers like you connect with buyers’ agents who can move your home. However, because there is a certain level of competition out there for your business, you can expect that these agents will still be working hard to keep you impressed with their profit margin. Otherwise, there’s no reason you wouldn’t simply go with a different offer.
Selling a home is almost always a challenge, but it’s a process you must handle correctly or risk missing out on getting what you deserve from the sale. Fortunately, sellers these days now have flat free real estate options to enjoy. It’s easy to list your home and get it in front of countless brokers ready to make you a tempting offer.