If you are in the market to sell your home, you may decide that you want to try and do it without employing the services of a real estate agent. However, it may be in your best interest to hire a real estate agent or broker to help you through your real estate transaction.
One thing you may want to do is find out what your home is worth before you decide on a real estate professional to represent you. This can help you figure out how much you have in your budget for professional fees and commissions.
It is a good idea to call around and ask various brokerage firms what their commission rates are and decide if one fits your budget better than another. Checking on the rates of various firms can provide you with a good base to determine who can provide you the best deal for your money.
It should be noted that most brokers expect that you will try and negotiate the commission so this is a good way to get a better deal out of a potential broker. You may be pleasantly surprised at what a deal you may get by negotiating with your agent.
If you do plan to try and negotiate your broker’s commission rate, you may want to do some research on your potential broker prior to trying to negotiate. If the broker has a record of closing several deals a day or week then negotiating may be off the table. However, if the broker does not close deals every day then you may find that the broker will be open to negotiating his or her commission.
If you are going to try and negotiate with your broker, you will want to make sure you are clear about the services you will need from your broker. In addition, you will want to discuss the plans for payment with your broker. Many brokers will allow for payment plans.
If you are on a budget you may want to reconsider hiring a professional broker to list your property for you or just be available for consultation as you need it. These services cost less and can provide you with professional assistance and the benefits of a real estate professional without the cost of the full-service they usually provide.
Should you decide to hire a professional real estate broker to help you with all or part of your real estate transaction, you will want to make sure that everything is put in writing and that all parties involved are given copies for their records. This can help you ensure that you do not have any misunderstanding after the property has sold.