How a No Commission Real Estate Agent Saves You Money
When selling your home, there are a lot of expenses that can add up along the way.
Many sellers pour money into the process. Then, they end up disappointed with the meager profits they receive, if any at all, once they have closed on the deal.
Often, there are costs of necessary updates and repairs to get your home ready to sell. There are fees for the appraisal, inspection, and closing that you have to consider. Sellers also have to factor in advertising and marketing expenses.
But, the biggest expense for most people is the cost of the real estate agent’s commission.
A no commission real estate deal is tempting. But, then there is the concern of navigating the process on your own, which can be overwhelming.
Weighing Your Options
There are a few options for sellers to consider. And, each option has their advantages. Yet, the most typical options that sellers use also have major drawbacks to consider.
There’s another choice that you may not be aware of that offers sellers the best of both worlds.
It’s the only option that offers you professional real estate services without commission. And, you might find it surprising to learn it exists.
But, before making a decision, you should know how about the option of a no commission real estate agent. It could save you a lot of money and help you to avoid unnecessary stress.
Take a look at the pros and cons of selling with a commissioned realtor and selling without having to pay commission. Take a close look at the convenient new service that combines the best of both worlds. It can fit any seller’s budget because you get professional expertise without the cost of commission.
A no commission real estate sale may be the best solution for you.
The Pros and Cons of Selling Your Home With a Traditional Real Estate Agent
Most realtors make between 4 and 6% commission of what the buyer pays. If your home sells for $300,000 dollars, for example, you could wind up paying around $14,000 dollars to an agent.
Plus, agents may cost an extra expense that you would rather not take on.
There are also the real estate agents who encourage you to sell at a price lower than you should to hasten the sale. They may be more interested in getting their cut than getting you the fairest, best price possible.
This can make a pretty sizable dent in your earnings.
Once you tally up the costs of selling, you might find that your earnings are nowhere close to what you had hoped.
The Plus Side of Having a Professional Realtor
Selling your home, what is likely to be one of the largest investments of your lifetime, can be a monumental task.
Having a professional to guide you through the process can have its benefits.
A real estate agent understands the market and can connect with buyers’ agents. They are familiar with documentation involved. An agent may also be able to suggest the price closest to your home’s true value.
Attempting some of these tasks on your own might cost you time and/or money in the long-run.
For example, if you price your home lower than buyers would be willing to pay, you lose out on the difference. And, even pricing your home too high, could cost you a sale or dissuade buyers.
How to Get Your Best Deal
If you don’t want to pay a commission or get manipulated into selling your home for a price less than what it’s worth, you can avoid the risk by listing with a no-commission realtor.
There are certain aspects when it is a good idea to rely on a professional agent.
This includes listing your home, arranging an appraisal or drafting appropriate documentation. You may need their advice on negotiations, closing, and other areas of the sale.
Professional and Profitable Perks Create a Winning Combination
Hiring a commissioned agent can be expensive, frustrating and inconvenient. Instead, there is another option to get the expertise that you need in the areas that you need it most.
You can hire a no commission real estate agent to get the professional help that you need but without a commission attached.
A no commission real estate agent gives you access to much-needed professional services. But, you can still avoid paying an agent a commission that may end up costing you a large part of your total earnings.
Many sellers are not aware that there is a company who offers unbundled real estate services. Some sellers have never heard of realtors that charge an hourly or flat rate. And, up until recently, this would have been hard to find.
Sellers in Florida are now capable of paying the services of a realtor without paying for their commission. This way, they are still saving money and aren’t left without a realtor’s help.
With a Standard Real estate no commission real estate agent, you pay hourly for services. This frees you from a costly closing-time payout to your realtor looming over your head.
You save big with a no commission real estate deal.
You could bank over ten thousand dollars. This is money that you would pay if using a selling agent just in costs of commission alone.
Does “No Commission” Really Mean NO Commission?
When you list your home with a no commission realtor, you can get all of the advantages that you would have if your home was listed by a professional real estate company. That’s because a professional realtor is responsible for your listing. A no commission realtor is just like those working for a real estate company, except they don’t charge a commission.
With a no commission real estate professional, you won’t have to worry about the cut they receive when the house sells.
You pay this realtor by the hour. And when the sale closes, you keep the profits. It’s as simple as that.
We aren’t talking about a reduced commission. You truly pay zero commission costs to the listing agent.
Nothing. Nada. Zip.
Zero commission means that you keep your profits. There are no last minute surprises, nothing tacked on in the witching hour as you near closing.
You only pay a no-commission realtor the hourly wage for the hours that they work on selling your house and whatever you choose to pay the buyer’s agent (we recommend 3%, but it’s your decision).