Are you in the market in search of an agent to sell your house? A real estate agent is the best avenue for you to get the best value out of your home. They will source out clients for you and get you the best rate. Real estate agents prescribe two kinds of commissions; a fixed fee or a commission.
A real estate agent's commission for the sale of any property or house usually is expressed as a percentage of the total sale. For instance, if your property is valued at $1,000,000, the agent may have a 10% commission, which is $100,000.
A fixed fee commission will do a similar job but at a fixed rate. The amount will be agreed on before commencing work, and a deposit is paid. The remaining balance is paid upon sale of the property.
If you're wondering which type of real estate agent is the best choice for you, here's a look at some of the benefits of fixed-fee real estate agents.
Cost-Saving Measure
Depending on how much you charge, a flat fee tends to be much cheaper than commission rates.
If you pay a low amount and your property is listed, it is not a guarantee that you won't incur extra charges for your property to sell. You might end up paying for the commission and additional fees for professional photos, signage, and more.
Paying a significant amount to a fixed real estate agent provides you with a predictable scenario and stability during the contract period.
Market Changes
The real estate market is dynamic. When the market value changes, you stand to benefit from the fixed fee with your real estate agent. However, this can also be a disadvantage to you since the fluctuation can be either positive or negative.
Fixed Fee Agents Sell Faster
Since the agents make less money with each sale, they prefer selling more homes for their revenue source to trickle in faster. Selling your home through a fixed-fee agent will guarantee that your home is sold in no time.
If you're looking for fast cash, this is a preferable option for you.
Full Service
Fixed-fee agents will provide complete services to you when it comes to selling your home. The fixed fee that you will agree upon includes a budget of any items or additions that will promote your home's sale, including photographs and signage.
Conclusion
If you're looking to sell your home, a fixed-fee agent is a perfect option for you since they deliver the same services similar to a commission based-agent at a fraction of the cost. For more information, reach out to a local real estate office, like Youflip Realty Inc.
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