Understanding Realtor Fees And How They Fit Into The Overall Cost Of Selling

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Understanding Realtor Fees And How They Fit Into
The Overall Cost Of Selling
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Understanding Realtor Fees And How They Fit Into
The Overall Cost Of Selling

• When you want to sell your house, one of the most
  important things to do is understand real estate
  commissions.
• Most homeowners are concerned only in how much
  the realtor is going to charge them.
• They don't know how the process works.

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What Could Be The Commission?

• When you deal with a real estate agent, you
  should know that the commissions are negotiable
• There is a general misconception that the
  commission is fixed at 6. But surveys show that
  the average commission rate is just over 5.

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What Could Be The Commission?

• The commission will be the percentage of the sale
  price of your house. So you can know the exact
  amount only when a buyer's offer is accepted and
  a sale is confirmed.
• When it comes to how to negotiate with a realtor
  commission, you should discuss and settle the
  terms in the contract between you and the agent
  before the sale is completed.

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Avoid Listing Agents

• It is recommended to avoid listing agents who
  charge a flat fee.
• This may look like a cost-effective alternative,
  but these agents don't represent you the way your
  real estate agent can.
• We at HelpFindingMyAgent are your
  one-stop-destination for finding the best realtor
  in your local market who can bring the perfect
  mix of experience and knowledge.

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Avoid Listing Agents

• The simple key to realtor fees calculation is a
  percentage-based model. Once you have entered
  into such a contract with your agent, it will
  work as a protection for both the parties.
• You will be paying the commission at the
  settlement table, subtracting the fee from your
  sale's proceeds.

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Should You Use An Agent?

• You should ask yourself the following questions
  before you decide whether to get the help of such
  a professional or not
• Do you know what your home is worth?
• Does your home have any unique features?
• Are you selling in a seller's market?
• Can you prepare your home for open-house?
• Do you have knowledge about all the documentation
  and processes?

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