Flat Fee Brokers Help Home Owners In Tough Markets
(Source) Real estate agents warn that now a seller may have to pay more directly or indirectly to get a property sold in a timely fashion. So many homes are for sale that finding a buyer amid the competition can take extra effort and strategy.
Does your real estate agent understand your market? Are you have a tough time selling your home? If so, then you might consider selling it yourself through a flat fee real estate broker. A good discount broker can save you thousands. You will likely, in this market, have to drop your home’s price by several thousand dollars. If you do that and you pay a hefty commission to a traditional broker you might lose any equity you have built up or even take a loss, in some cases. But a flat fee broker can save you thousands in commissions, which you can then offer to buyers as an incentive.
Think about it: On a $250,000 house, a 6% commission will mean a $15,000 payout in commissions. That’s not talking about taxes and fees - just commission. Then, if you take a 5% cut in price due to the downward trend in the market, you could end up selling for $237,500 instead. Add the $14,250 you’ll pay in commissions onto that and you’ll leave with $223,250 then still have to pay fees on top of that. By the time it’s said and done, you’ll walk away with more than $30,000 out of pocket.
By contrast, a flat fee listing could cost you $1,000 tops. Then you can drop the price of your house by $15,000 and still walk away with more money in your pocket after you pay the fees. Why not look into the flat fee MLS today?
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