When you are getting ready to sell your home, it is important that you are proactive to maximize the amount of equity that you receive when the transaction is complete. Many homeowners are optimistic that they will have equity to roll into the purchase of a new home, and then they find that a portion of their equity is taken away by real estate agent fees and closing costs. If you want to protect the equity of your home, then you need to make sure that you are proactive to choose the right type of real estate agent to use.
6% Commission: Unnecessary
Most Atlanta real estate agents will charge a 6% commission on the transaction of your home. So, if the property sells for $200,000 then the real estate agent will receive $12,000 in commissions. That’s a lot of equity that you just lost to the agent!
The truth is that the high percentage commissions are absolutely unnecessary, and there is no reason for you to pay these high fees. One alternative is to list your home “For Sale By Owner,” but it is not an advisable route… because many homeowners run into numerous problems when they don’t have an experienced real estate agent available to help with the listing and closing.
The best option to reduce the fees that are paid to a real estate agent is to work with an agent who has a flat-rate pricing structure. You will see that you can have the help of the real estate agent, but you don’t have to stress about paying high commissions. Flat-rate real estate fees are quite a bit cheaper than the 6% that most other real estate agents will charge.
Know Your Costs Upfront
One of the biggest advantage of a flat-rate real estate agent commission structure is that you are going to know the costs of the transaction up front. You will have options for various services that are available, and you can choose the plan that best matches your individual needs.
Flat-rate real estate agents understand that the real estate industry has drastically changed over the years. Previously, it took quite a bit of work to support the sale of a home, especially since a lot of marketing efforts went into the services that were provided. Now, the internet has provided a powerful way for home sellers to connect with potential buyers, and online real estate listings have decreased the marketing efforts that are needed to sell your home. Even though the work load has gone down, many real estate agents have stuck with the traditional commission structure because they don’t want to take a cut in pay.
At Duffy Realty of Atlanta, we offer affordable, flat-rate fees to make it easy for you to understand how much you will be spending on real estate agent commissions. We want to help you maximize the equity in your home, and we invite you to contact us to learn more about the quality services that we provide: (678) 318-1700