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All About Real Estate Agent Fees

Many homeowners like to sell house without agent. The reason they do this is to not have to find a real estate agent to hire to help them. However the main reason that drives them all to sell house without agent is so that all the money from selling the house will go to their pockets only. It will be necessary to pay the real estate agent for the services that they have rendered to you hire him or her. Deciding to not get a real estate agent is a decision that is not well thought out. The reason being, when a real estate agent helps you to sell the house, the price the house fetches is usually higher. This just shows that using a real estate agent does not mean that you will get very little money from selling the house. Here you will get all the information you need concerning real estate agent fees.

To begin with you should get to know about how much a real estate agent will charge you. The real estate agent will not get paid by you at all until the house is sold. This means that the real estate agent will work for a long time without pay. You will pay the real estate agent fees as a commission. The percentage that has been taken as being a standard commission for the sale of the house is 6%. The percentage has now risen because of the housing market bubble.

The next thing to know is whether the 2 real estate agents will get the 6% commission. In a lot of these cases, it is both the seller and buyer that have real estate agents. What happened when it comes to the commission is that they both get half the commission. This is the best option between choosing to sell house without agent or not.

Here we talk about who gets to pay the commission to the 2 real estate agents. It is usually the seller of the house that will pay the real estate agent fees. The splitting of the commission comes after this. It is possible for the real estate agent to give you home improvement ideas.

Next, find out if there is any possibility of getting a real estate agent willing to negotiate the commission. For most real estate agents their commission is fixed. The one thing that can be able to change the percentage of the commission you give the real estate agent is where the house is located.

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