What Real Estate Agents Don’t Want You to Know

If you are planning to hire a real estate agent, there are certain things that they do not want you to know. Some of these are discussed below.

You Can Sell Your House Without Hiring an Agent

It is possible for you as a homeowner to sell your house yourself and avoid the commission that you get to pay a real estate agent upon successful sale of a house. You can do this by utilizing the “for sale by owner” listing (FSBO) on multiple listing services (MLS) to get your house in front of those who really need to buy. Although, it can take a long time before the house gets sold, most agents would not want you to know this fact. In this process, make sure you are not underpricing or over pricing your house as you may be leaving money on the table when you underprice or scare potential buyers away when you over price.

Commissions are Negotiable

The standard commission charged by real estate agents on a successful home sale is 6%, but it is very possible to have this reduced especially if your house is higher priced or might be easier to sell. Before signing a contract with a real estate agent, make sure you have a discussion about the commission payable, but don’t go too low so that the agents work hard to have the house sold. More details.

Small Agencies are Equally Competent

Small real estate agents might not have the type of brand recognition and advertising budgets as big real estate agents but that does not make them less competent. This is so because the internet has created a level playing for both small and big real estate agencies as they can both list on major listing services (MLS). Apart from this, small real estate agencies are usually willing to lower their commission.

Most Agents List homes at a Price Where The Property Will Not Sell

In fact, over 70% of homes listed today are listed overpriced; meaning that they require one or more price reductions before they sell. You may be saying okay so they priced it a little too high no big deal I can always come down but here’s the shocking truth overpriced listings actually end up selling for less because they sit on the market for far too long. After weeks and weeks of sitting stagnant on the market, what is wrong with that house syndrome kicks in. Statistics say that overpriced listings sold for an average of only 87% of the original asking price and over 120 days on the market. Homes that are priced right from the beginning sell for over 97% of list price and with an average of only 45 days on the market.

There is no doubting the fact that real estate agents have secrets that they do not want you to know but it doesn’t mean that they are all bad. It is always good to conduct a proper research when hiring a real estate agent. Click here for more information: https://www.referz.com/search-top-real-estate-agents/

Washington Realtor and Mortgage Agent Relations

We don’t always think about the relationships that there are between mortgage agents and realtors in Washington. Most of us are using both these professionals to assist us in the buying of a home. But, did you really consider the relations that there are between them and the reasons why you should consider using them both. Here is some information about the relations between realtors and mortgage agents:

What is a mortgage agent?

A mortgage agent, or a mortgage broker, is a person that you can use for getting your mortgage loan. They are the middle man between you, the buyer, and the banks/other lenders.

When you use them, you are going to be able to find the best mortgage deal possible, without all the effort and problems of going to all the banks and lenders separately. They are doing all the hard work, all that you need to do is to fill in one application form. They are doing the rest and making sure that you are going to find the best possible deal. After your mortgage have been approved, you can look for realtors for some properties that you can buy.

What is a realtor?

A realtor – or real estate agent – is someone who assists you in buying your home. They make sure that you are getting the best deal on the property that you want to buy. They also make sure that they are negotiating the best possible price for you – if you are the seller.

Without a realtor it can be really hard to buy or sell your home easily. They are making the whole process a lot easier and faster. Without a realtor or real estate agent, you will not even know where you can find available space.

The benefits of using them

The one thing that you might not realize is that there are many realtors that are working closely with mortgage agents. They are both working together to make it easier for the buyer to buy the property that they are looking for without paying too high price for that property.

If you are going to a mortgage agent, you can ask them about the best realtor that you can use, and they will be able to give you a name or two without any hesitance. There are many benefits of using this type of agent without the worry about any aspect of buying a home or any type of property.

We don’t always think about the relationships that there might be between mortgage agents and realtors. Some of them are working together to make sure that they are delivering the best possible service to their clients, and to make sure that they have as many clients as possible. With this information, you will not only know why you should hire a mortgage agent and a realtor, but you will also know why they have such a good reputation. Next time when you are looking for a realtor, you can just ask your mortgage broker for some references of good real estate agents.