There is a lot of work involved when trying to sell your home yourself. Oftentimes, it is a good idea to hire a real estate agent because they have the tools and experience to make the process go much more smoothly. However, not all real estate agents are the same, and it’s essential you do your homework prior to settling on one.
Discount real estate agents operate on the same level as traditional agents, but as the name suggests, they can offer their services at a discounted rate. While every one is different, there are general rules of thumb that many agents follow, which will make it easier during your search. Here are some tips for selling your house with a discount real estate agent.
Commissions are often negotiable
When homesellers hear the term, “commissions,” they may instinctively react negatively and assume it’ll significantly eat into their sale price. This is why some homeowners will make an attempt at selling a house without an agent.
It is crucial that, as a seller, you fully understand who pays the commission to the agent, and why it is not a bad thing. With some agents, you can actually negotiate the commission to a more favorable rate.
Be careful when negotiating; you do not want to immediately ask for a discount during the first interview with the agent. It involves a particular strategy to ensure you and the agent are getting a fair deal.
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Newer agents (often) have lower costs than seasoned veterans
As you are taking the steps to selling a house, you will want an agent with a positive sales history and impressive portfolio. With someone like this by your side, you can likely expect a quick sale for a great price.
You must remember that these veterans of the real estate industry will often have significantly higher commission rates because of their resume. It is a large investment that could pay off, but a discount real estate agents will be a little less costly.
Rookie agents are more likely to work at a discount as they try to build up their resume and portfolio, but that does not automatically mean they are not as savvy in the real estate game. In fact, they may work more diligently to sell your home in order to prove themselves.
When scouting for discount agents, find out their history as well as their knowledge and background in real estate. Ultimately, you want to work with someone who is not only affordable, but will also help you sell your home quickly and for the best price.
SOLD.com opines on considering a discount real estate agent when selling your home.