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Rockford Homes For Sale


Discount Real Estate Agents
It doesn't matter if you are buying or selling property, it is always a good idea to have a real estate agent by your side. They can guide you through the process and make sure that the sale goes successfully for everybody involved. These days, however, many individuals look for discount real estate agents in an attempt to save money. The question is, "are discount real estate agents really worth it?"

 
The first thing that you should understand when looking for a real estate agent is the fact that the percentage they are going to charge you is NOT always negotiable. Many brokers simply will not permit their agents to cut their commission. However, there are some brokers who not only permit agents to cut their commission, they actually encourage it. The amount that they are willing to negotiate, however, will differ from agent to agent. It is always a good idea to try and save a little bit of money but you should not do so at the expense of losing some of the quality in the process. Discount real estate agents are certainly available and you can negotiate a bargain in many areas but you also want to make sure that you have somebody who is going to work in your corner and make sure that the transaction goes well.

One thing you must do if you are selling a home is have it listed on MLS. It is estimated that nearly 90% of all home sales in the United States happen through an MLS listing. Discount real estate agents will certainly be able to list your home for you. However, if that is all they are going to do then you might as well use a one-time flat fee listing service. This will save you even more money. However, if you are looking for more than that, if you are looking for someone who will also be working for you the entire time to help qualified people to see your home and to get it sold promptly then you will need to pay some commission. If you can find a real estate agent that is willing to cut half of their share of the commission you are in good shape. A typical commission for the selling agent is 3%. Therefore if you can get the agent to cut their commission by 1.5% you can save yourself thousands of dollars.

If you're buying a home the situation is a little different. Since the buyer is not the one paying the commission you may think that a discount agent wouldn't be necessary. However, buyers can also find discount real estate agents that give part of their commission back to the buyer at closing. If you are buying a home and the real estate agent is willing to give you 1% back at closing you can end up getting a check for several thousand dollars at closing. Not a bad a house warming gift.

Either way, whether you are buying or selling real estate, discount real estate agents can save you big in the long run.