Understanding Realtor Fees And How They Fit Into The Overall Cost Of Selling

When you want to sell your house, one of the most important things to do is understand real estate commissions. Most homeowners are concerned only in how much the realtor is going to charge them. They don't know how the process works. The following guide will provide you a better understanding of how your real estate agent can charge you.

What Could be the Commission?

When you deal with a real estate agent, you should know that the commissions are negotiable. There is a general misconception that the commission is fixed at 6%. But surveys show that the average commission rate is just over 5%.

The commission will be the percentage of the sale price of your house. So you can know the exact amount only when a buyer's offer is accepted and a sale is confirmed. When it comes to how to negotiate with a realtor commission, you should discuss and settle the terms in the contract between you and the agent before the sale is completed. Don't just enter into a verbal agreement; make sure you enter a written agreement that is signed by both the agent and the seller.

Avoid Listing Agents

It is recommended to avoid listing agents who charge a flat fee. This may look like a cost-effective alternative, but these agents don't represent you the way your real estate agent can. We at HelpFindingMyAgent are your one-stop-destination for finding the best realtor in your local market who can bring the perfect mix of experience and knowledge.

The simple key to realtor fees calculation is a percentage-based model. Once you have entered into such a contract with your agent, it will work as a protection for both the parties. You will be paying the commission at the settlement table, subtracting the fee from your sale's proceeds.

Should You Use an Agent?

Some homeowners have second thoughts when hiring a realtor. You should ask yourself the following questions before you decide whether to get the help of such a professional or not:

• Do you know what your home is worth?

• Does your home have any unique features?

• Are you selling in a seller's market?

• Can you prepare your home for open-house?

• Do you have knowledge about all the documentation and processes?

If you hesistated on the answers to these questions, you now know how important it could be to find the right realtor. Contact us now at HelpFindingMyAgent to get help in finding the best real estate agent that charges average realtor commission. Reach us today at 1-855-566-6652.