If you’re thinking about buying or selling a home in the near future, you’re going to want to minimize the amount of money spent on costs when buying and maximizing the potential value of a home when selling.
A majority of homeowners use a real estate agent or broker when they’re buying or selling a home. However, it’s important to know where your money’s going to go when your transaction has been finalized.
Once a house has been bought or sold, the party that you’ve enlisted services from will be paid a commission which can range anywhere from 6% and up. If you’re going to hire an agent, you’re going to want to make sure that they have a superior track record as 6% is a hefty amount. Be sure that you check their history prior to hiring them as you’ll want an informative and non-stressful experience.
When you’re dealing with a real estate agent, you might want to negotiate the commission as you’ll want it to work in your favor but also reasonably as well. Be sure that your figures are within a realistic frame though, agents won’t take you seriously when you’re throwing lowball offers to them.
If you’re selling a house, you can choose not to hire an agent and go with an independent appraiser to accurately price your home. This route is somewhat challenging however as there is a certain expertise that is needed to navigate around the contracts and procedures. Be sure that you review what you need prior to selling your home to avoid making costly mistakes.