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All you Need to Know About Real Estate Agent Fees
A lot of homeowners that choose to sell their homes do sell house without agent. Most of them choose this path because they do not have to deal with the issues that come with having a real estate agent. 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. When one hires a real estate agent they will have to pay him or her. It is unwise to choose to sell house without agent. Any house that a real estate agent sells will fetch a lot of money compared to one that is sold by the owner of the house. This just shows that using a real estate agent does not mean that you will get very little money from selling the house. You should therefore read this article so that you can understand more about the 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 widely agreed-on percentage of the commission a real estate agent takes is 6%. The housing market bubble has causes this to rise.
What you need to determine next is if both of the real estate agents will each get the 6% commission. If you have a real estate agent it usually means that the buyer also has their own real estate agent that they hired. What happened when it comes to the commission is that they both get half the commission. This is better than to sell house without agent.
The other thing that you should know is which party pays the real estate agent fees. The person that pays is the seller. The splitting of the commission comes after this. You can get some of the best home improvement ideas from the real estate agent you hire.
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 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.