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. 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. This is because homes that are sold with the help of a real estate agent fetch more money. Which means that you can pay the real estate agent fees and still remain with a lot of money. 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 just shows that you never have to give the real estate agent any money no matter how long it takes. You will pay the real estate agent fees as a commission. The average percentage of the commission is usually 6%. The housing market bubble has causes this to rise.
The other thing that you should clear the air on is if the real estate agents of both parties will get the commission at 6% individually. 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. 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 usually the seller of the house that will pay the real estate agent fees. The splitting of the commission comes after this. You can also get home improvement ideas from the real estate agent.
To end with you should get to know if it is possible to get a lower commission. A majority of real estate agents just have the fixed 6% commission. The one thing that can be able to change the percentage of the commission you give the real estate agent is where the house is located.