If you are getting ready to sell your home, you will need to decide what type of broker you want to work with. You can work with a traditional real estate broker, or you can work with a flat-fee broker. A flat-fee broker will only charge you a set amount.
Reason #1: Enjoy a Lower Cost
First, when you work with a seller's agent, you will have to compensate the agent for assisting you with selling your home. The average commission fee is around 5-6% of the sale price of your home. When you work with a flat-fee real estate broker, instead of charging you a fee based on the sales price of your home, they charge you a flat fee. This flat fee is not based on the sales price of your home; it is a set fee that you pay the real estate agent, no matter what your sales price is for your home. With a flat fee, you can generally compensation the real estate agent less than if you go with a traditional commission fee, which allows you to save more money from the sale of your home.
Reason #2: Customized Services
Second, when you work with a flat-fee real estate broker, you get to build the package of services that you get from the real estate agent. You don't have to accept all of the real estate agent's services; you get to choose what services you pay for. You get to determine precisely what services the real estate agent will do for you, and you only have to pay for those services. This allows you greater control over what you are paying for.
Reason #3: Enjoy an MLS Listing
When you work with a flat-fee broker, you are going to get an MLS listing. Your home will have an MLS listing, which means your home listing will be shared on real estate agent's websites and share with all the other local real estate agents. If you sell your home on your own, without the assistance of a real estate agent, you will not get an MLS listing, which means your home listing isn't going to be shared with as many people.
Reason #4: Easier to Leave
Finally, when you work with a flat-fee broker, it is easier for you to end the relationship with your real estate agent. You are not locked into an agreement until the home sells. You can end the agreement whenever you want. This gives you greater flexibility and control over the selling process.
If you are getting ready to sell your home, you should consider working with a flat-fee real estate broker. With a flat-fee agreement, you can customize the services you get from the real estate agent, and you can end the contract whenever you want. In addition, you can enjoy an MLS listing, which will help more people learn about your home. Additionally, you can get more money back from the sale of your home when you are paying a flat fee instead of a commission-based fee.
To learn more about flat-fee real estate brokerage, contact a real estate agent in your area.