The first step in finding the right realtor is knowing what this kind of realtor does and charges. Many realtors charge on a commission on the basis of the higher the value of the home, the higher the commission charged by way of a percentage against the sale price of a property. This is true whether you are buying or selling a home and these commissions can be pretty high. There are many advantages to having one rate for buying or selling a home
For people who are selling their home or investment property, a flat rate realtor can mean more money in their pocket, since they just pay one flat rate for their home, no matter what the value is. They won’t have to worry about high commission rates or broker’s fees.
Set fees for multiple listing services customarily range from $200-$900 and up to three percent in commission, but the ordinary commission paid to the listing individual is covered by the flat rate, so there aren’t multiple commission payments. This will make the selling and buying process simpler and rather than splitting more commissions over 2 or three agents, you just need to cope with one person.
For investors, financing investment properties is much cheaper than using a conventional real estate agent. Whether you are buying one property or many, you don’t have to worry about fluctuating property values. With a flat fee realtor, you know how much you will pay for each property up front and this can take many of the hassles out of buying.
For discount realtors, charging one set rate for selling a home can mean more volume. In this economy, it is far better to be able to sell properties quickly than having them sit on the market for an extended period of time. Being a flat fee realtor means you can sell more houses or investment properties and this will be useful in the long run.
For first time home buyers who have limited resources, finding a flat fee realtor selling a property means that you’re going to have a rather more pragmatic price on a property on sale that has not had to overstate the price, by including a percentage price based commission charge structure. To get home assessments discount realtors may even offer free appraisals if you use their services. This will mean that you could be able to go up to a better home or get a better rate of interest.
Flat fee realtors frequently offer this sort of service happily to the entire market, whilst other real estate agents hop around trying to maneuver past their very high charge rate as high as 6% of the property’s value! This means that you will have to find your own house evaluation and many of these houses are sold as is. This can be as the home has been sitting on the marketplace