All About Real Estate Agent Fees
Many homeowners like to sell house without agent. 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. Deciding to not get a real estate agent is a decision that is not well thought out. The reason being, when a real estate agent helps you to sell the house, the price the house fetches is usually higher. This just shows that using a real estate agent does not mean that you will get very little money from selling the house. 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. One does not need to pay the real estate agent fees before the house is sold. 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%. The percentage has now risen because of the housing market bubble.
The next thing to know is whether the 2 real estate agents will get the 6% commission. In this situations you will get that the buyer and seller of the house both have their own separate 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.
At this stage, you should learn about the party that is supposed to give the commission to the real estate agents. It is the one who sells the house that pays the real estate agent. The splitting of the commission comes after this. It is possible for the real estate agent to give you home improvement ideas.
Next, find out if there is any possibility of getting a real estate agent willing to negotiate the commission. In most cases the commission is simply fixed at 6%. The location of the house being sold can however change that percentage.