Are you ready to sell your home? Do you know what it takes to successfully get the job done in the shortest amount of time?
You don’t have to navigate this process alone and stress while you manage your ever-growing to-do list. You can rely on the expertise of a real estate agent to move the transaction forward.
To make the best decision for you, make sure you understand the costs involved when it comes to selling your home. One cost that you should take into consideration is real estate commission fees.
How Commission Fees Work
Buying or selling a home can be time-consuming. That’s why many rely on the expertise of a buying or listing agent to get the job done.
A buyer’s agent (also known as selling agent) represents the buyer. This agent will help you navigate the home-buying transaction and answer any questions you may have so that you can be confident during the process. You’ll typically get assistance with finding the property that’s best for you, negotiating the offer, and identifying a network of competent professionals who can assist with the transaction.
A seller’s agentrepresents the seller. You may often hear the seller’s agent referred to as the listing agent. This person will help with listing a property for sale, developing a selling strategy, doing pricing analysis, marketing the property, and negotiating with buyers. There are a lot of important numbers involved when selling a home. You want to make sure you get the best price for your home and maximize your value. A listing agent can use their resources to assist with that.
As you can see, the listing agent and buyer’s agent put in quality time to ensure you can buy or sell your home. That’s why real estate agents receive a commission. Typically, the commission is paid by the seller which can be around 5-6% of the purchase price of the home. So, let’s say you sell your house for $200,000, you could end up paying $12,000 in commissions. The commission is split between the two agents in the transaction. Considering the work that is done by agents, this commission fee is worth it. But you always have options during the home-buying process.
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Save Money on Commission Fees
You can sell a home yourself, rely on a traditional agent, or explore the possibilities of working with a Clever full-service agent.
Clever has a network of top-rated partner agents who will list your home at a lower rate without sacrificing quality. In fact, you can work with a full-service agent for a flat fee of $3,000, or 1% if your home is more than $350,000.
A full-service agent can provide you with pricing information, CMA, professional photos, inspections, negotiations, and anything else you need to seal the deal.
Do Your Research
Selling your home can leave you with more money in your pocket to do the things you love so you want to make sure you make the best decision for you.
Always do your research to identify the best way to reach your goal.