All you Need to Know About Real Estate Agent Fees
It is the preference of a majority of people that own houses to sell house without agent when they have decided to sell. The reason they do this is to not have to find a real estate agent to hire to help them. It is because the homeowner will not have to give the proceeds from selling the house to anyone that they choose to sell house without agent. The moment you have made the choice to get a real estate agent, you should know that you will also have to pay them. Avoiding hiring a real estate agent is very misguided. The reason being, when a real estate agent helps you to sell the house, the price the house fetches is usually higher. This just goes to show that you will remain with a substantial amount of money even after giving the real estate agent his or her commission. Here you will get all the information you need concerning real estate agent fees.
To begin with you should get to know about how much a real estate agent will charge you. Prior to the house being sold, you will never have to pay the real estate agent any money. This means that the real estate agent will work for a long time without pay. The real estate agent fees are paid in the form of a commission from the sale of the house. The percentage that has been taken as being a standard commission for the sale of the house is 6%. It is because of the current housing market bubble that the commission percentage has increased.
The next thing to know is whether the 2 real estate agents will get the 6% commission. In a lot of these cases, it is both the seller and buyer that have real estate agents. Since the commission is just 6%, the real estate agents usually split the fee in half. As compared to having to sell house without agent.
Here we talk about who gets to pay the commission to the 2 real estate agents. The person that pays is the seller. After paying them, the 2 real estate agents then split the commission. You can also get home improvement ideas from the real estate agent.
The last thing to know is whether you can negotiate down the commission that the real estate agent takes. In most cases the commission is simply fixed at 6%. The only good way to get a real estate agent fee commission that is lower than the fixed common one is to consider the house’s location.