How much does a real estate agent cost you? What does it cost to hire a real estate agent when buying or selling a house? A good purchasing agent makes money. Buying or selling a house also means hiring a good real estate agent. There are all kinds of reasons for this, especially if you do not know the neighborhood very well and do not want to take unnecessary risks with your investment. But without a real estate agent, there are no real estate agent costs or brokerage fees to pay, which saves your wallet.
What does a purchasing agent do for you?
Anyone who wants to buy a house can enlist the help of a purchasing agent. But you don’t have to. Sometimes an estate agent’s commission is the reason that people go out on their own, without an estate agent or choose a cheap estate agent. Remember that real estate is a profession in itself and that purchasing a house is a major investment. The purchasing agent is there to help you buy a house, to point out the advantages and disadvantages and also to negotiate the price. The purchasing agent knows better than anyone else which other comparable properties are for sale in the area. Especially if you do not yet live in the area and do not know the area well, it is difficult to estimate what the neighborhood is like, whether there may be new zoning plans, whether there is a lot of nuisance in the area, whether there is a school nearby and so on. The purchasing agent must be able to answer these questions easily. And of course there is a lot to be found on the internet, but it is all about up-close knowledge. And if you find an estate agent’s price too expensive, it is best to negotiate firmly on his brokerage fee. The purchasing agent will be able to take a lot of work off your hands.
What does the sales agent do for you?
Then we also know the sales agent you can hire to sell your house. You can also negotiate with him about his broker price. It is also important to know what services a broker offers for his brokerage fee. What will he do for you for that amount and what will you do yourself? The estate agent can take all the work off your hands, including negotiating the sales price. If you agree in advance that the house can be sold for at least a certain amount, the estate agent will do everything he can to achieve this:
- Pictures are being taken.
- A sales brochure is created.
- You will receive a mention on the website and probably also on Funda.
- Viewings are arranged.
- An appraisal takes place.
- The calls are answered and much more.
Make good agreements with the broker in advance
If you engage an estate agent, you must also make clear agreements in advance about the costs, the working method and the work. This will be recorded in a contract before the work starts. If you have any questions about this contract, please ask them in advance to avoid disappointment later. Also ask what your role will be in the whole process. There are plenty of people who want to leave a lot to the real estate agent, but not the viewing of the house. Others take the photos themselves, but want to have the viewings done by the real estate agent, because this is also a profession. A real estate agent knows how to answer questions and how to best present the house. And that is very important, now that the sale of houses is a lot slower than a number of years ago. The broker has a large network and several databases that you can use to your advantage.
How much does a real estate agent cost?
A real estate agent usually asks for a certain percentage of the sales price of a house. This can amount to up to 1.5% of the value of the house. Sometimes it is possible to agree on a fixed amount. A fixed amount may be cheaper, but a fixed percentage is an incentive for the real estate agent to sell your house as much as possible. These are all trade-offs. The estate agent is cheap and perhaps the sales price is too low as a result, or a good estate agent who is worth the money. Word of mouth advertising always works well. Try to find out which real estate agent in the area where you are selling your home does a good job.
Rent a lock broker
When hiring a real estate agent, the most important thing is that you have a good real estate agent that you like. So pay attention to word of mouth advertising in a particular neighborhood. Check out the site first, then call the office and see how they treat you. If this clicks, the broker is certainly worth the price.