3 Reasons To Consider Working With A Flat-Fee Real Estate Broker
If you are looking to sell your home, you will need to find a real estate agent to list your home and facilitate the selling process. When it comes to hiring a real estate agent, you need to think about how that agent will get paid for selling your home.
When it comes to selling your home, traditionally, real estate agents charge a commission based on your home's selling price. This commission covers a whole range of services that the real estate agent will provide you with, from an MLS listing to marketing and viewing to assistance with the closing process.
An alternative to the traditional commission-based real estate relationship is working with a flat-fee real estate broker. With a flat-fee real estate broker, you pay the broker a determined flat fee. When determining the fee, you also determine exactly what services the broker will provide you with.
Reason #1: More Control Over the Selling Process
With a flat-fee broker, you have more control over the selling process. When you sign with a traditional real estate agent, you generally have to accept their entire package and way of staging, marketing, and selling your home. With a flat-fee real estate broker, you get to determine the services you want from them and how you want them.
For example, perhaps you want to stage your own home, take the pictures, and write up the listing, but you want the real estate agent to handle the viewings. You can write up a contract like this to fit your needs. Or perhaps you want the real estate agent to handle the MLS listing and all online advertising and promotion of your home, but you want to handle open houses and viewings of your home.
You can work with a flat-fee broker to determine exactly how you want your home sold, and what parts of the selling process you want to take care of on your own, and what parts you want to handle.
Reason #2: Enjoy More Profit from Selling Your Home
With a flat-fee real estate broker, you know exactly how much you are paying the real estate agent from the beginning of the selling process. That will allow you to know exactly how much profit you will get when you sell your home based on the price you list your home for. This allows you to keep more of the profit from your home's sale and will enable you to use that profit as you see fit.
Remember that you will still have to pay the buyer's agent's commission; however, with a lower seller agent commission fee, your profits will still be more extensive than if you went the traditional route to sell your home.
Reason #3: Still Enjoy Working with an Experienced Agent
With a flat-fee listing, you still get to enjoy working with an experienced agent. The agent will make sure that your selling process meets local law requirements. They will also help with the selling process and all the contracts that go with it, so you don't have to handle the legal side of selling your home on your own.
By working with a flat-fee real estate broker, you will have more control over the selling process, you will enjoy a greater percentage of the profits from selling your home, and you will get to enjoy working with an experienced agent to help with the legal side of selling your home.
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