If you’re already familiar with real estate, then you know that no one just sells a home on their own. While there are “for sale by owner” properties out there, the buyer usually enlists the help of an agent. Of course, often both sellers and buyers use third parties to help broker the deals.
In the past, this made a lot of sense. Most of us lack experience when it comes to selling homes, meaning we could make some pretty big mistakes in trying to do so with our own. However, in order to enlist the services of a professional, most of us would have to fork over somewhere around 6% of the profits to this party. That can be a lot of money, especially when you consider that you may need to make an immediate down payment on your new place.
Nowadays, though, you don’t have to put up with this type of burden. Instead, you can benefit from the flat fee real estate approach. To put it simply, this approach just means you only pay a predetermined amount for help with offloading your property. It doesn’t matter if the final price is $200,000 or $300,000, you only pay the broker a sum you agreed upon earlier.
All by itself, this may not seem like a much of an advantage. After all, a broker might not be very motivated to give you the best possible price on your home. However, you’re under no obligation to sell to anyone who offers.
Furthermore, there are MLS (Multiple Listing Service) websites like this one to help you get a fair price too. It will put your home in front of a number of agents, all of who will be plenty motivated to compete for your business (and get you the best possible price in the process).
Selling your home can often be enough of a challenge without losing 6% of your profit to the buyer’s agent. Thanks to flat fee real estate, you can now cut that number in half (or more) without having to worry that your home will actually sell for less in the process. Take control over what the commission is you’ll be offering to these professionals and get your home sold quicker in the process.