The first point of concern for any seller that even contemplates putting their house on the market it the eventuality of extremely high real estate agents’ commissions. Typically, a realtor is said to charge anywhere between 2 to 6 percent of the total sales price – but that’s just exorbitant.
While people may think otherwise, there are definitely ways through which one can easily avoid the agents’ commission. Here are some of the tried and tested tips to help you sell your home all without compromising on your savings:
The fact is that realtors everywhere take advantage of their client’s lack of knowledge. No one really expects a homemaker looking to switch homes for whatever reason to be aware of what is or isn’t involved in a house-selling contract. As such, not only are they able to charge extraordinary commissions, but more often than not, they also have a few other hidden charges set in place that help them gain larger profits.
The best way to avoid having to pay inflated agents’ commissions is to educate yourself well before entering into a buying or selling contract. Familiarize yourself with the terms and conditions involved and you’re set to make a better deal for yourself.
Know The Market Rate
Most clients end up paying anywhere between four to six percent of their selling price as part of a realtor’s commission when the fact is, that commissions also range for as low as one to one point five percent. The commissions directly depend on the current market status as well as the location and community of the property being bought or sold. Know the market rate
in your country to avoid being duped into paying higher.
Haggle Like The Best of Them
Did you know that unlike what they would have you believe, realtors’ agent commissions are actually entirely negotiable? If a real estate agent comes to you with a percentage demand, haggle to get it reduced to a number that you are happy with.
Leverage Your Ability To Sell Your Home Yourself
One of the best tactics to save yourself from having to part with your hard-earned money and avoiding agents’ commissions
is to sell the property yourself and cutting out the Real Estate Agent altogether. This means that you can sell the property at a lower price and still keep the same amount of money in your pocket wallet
as you do not have to pay a Real Estate Agent their commission. AND if you do happen to sell it for more, it’s cream for you, with no-one else dipping their finger in the pie.
If you are capable of selling your home on your own and would like to avoid being ripped off by a realtor, use your ability to arrange for a selling contract yourself and have the real estate agent heed to the line. Any sensible business person who doesn’t want to lose a good business opportunity will concede to your demands.