Do You Feel You're Paying Too Much on Commissions?
Selling a house is a tough decision to make. Paying too much commission on the sale is an even tougher one. You deserve more. Sell with us.
Even though sellers often hold an upper-hand in the real estate market, selling a house can be very stressful. It's not as easy as baking some bread for your showings to get your home sold. Putting up a house for sale requires going through a long process, as well as a paying a lot of money for repairs before you can even list your home for sale. Yes, selling a home could prove to be very costly, even costlier than you imagined.
Many factors are responsible for this uncertainty in the real estate market; lack of control over time and money, anxiety on the part of the seller over renovating the house to make it saleable, uncertainty regarding whether the property will sell at the desired time and price, and lots more. At the top of the pile is the thousands of dollars in commission usually charged by realtors to sell your property.
What Is a Real Estate Commission?
Real estate commission is a fee charged by realtors on the successful sale or purchase of a property. When a home is sold or bought, realtors charge their expenses (usually a percentage) on the selling or purchasing price. Many sellers of real estate, out of sheer ignorance or anxiety, tend to overlook written contracts specifying realtors' role in the business deal.
They end up taken aback whenever they're charged at the end of the deal, as in their opinion, the agent hadn't done much to warrant such a large payment. In the United States, realtors usually charge 5% to 6% of the selling price of a home.
While many sellers can argue about the amount of work realtors put in for a successful deal and the justification for their payment, the fact remains that the real estate commissions charged by realtors are very high. The question you have to ask yourself is, is the service delivered by realtors worth the cost of the fees they charge? If the answer is no, you will want to consider other options for selling your home, including selling your home for cash.
Disadvantages of Using Realtors
Besides the high commissions they charge for selling your property, the other issue is whether your agent is being honest with you about the value of your home and just how realistic it is that it will sell in the current condition.
A good number of realtors, to get you to sign with them as quickly as possible, tend to oversell the property's physical state. They paint appealing pictures about the house and how much money they can sell it for, even when they know it's not valid.
Also, to secure a higher sum in the form of commissions, some realtors may say a higher than market price to a property, hoping that a buyer will come. This act tends to delay the sale of that particular property as not many buyers would want to purchase an over-valued property.
Another disadvantage that may come with employing the services of a realtor is that you'll be working and dealing with their timeline. By doing business with an agent who services many customers simultaneously, your property might take a while on the market before finally getting sold. This factor delays any plan you might have had for the proceeds of the deal.
Sell My House to Smith as an Alternative Approach
Sell My House to Smith was set up to address challenges such as the ones you can encounter when dealing with an agent. We designed our system such that sellers do not need to go through the stress of looking for a realtor or pay a commissions to anyone in the course of selling their property.
How do we do this? It's simple. Once you contact us about selling your property, we'll ask you a few questions to learn about house and your situation. We take the time to truly learn about your situation and create the best possible solution for you. If we're a good fit we'll make you our best offer possible. If the offer works for you, we sign the agreement and move forward with closing, guiding you every step of the way. It's that simple.
3 Simple Steps
To Selling Your House
The challenges you face are not unique to us. We understand, which is why we offer a simple, fast solution to your situation without the hard sell.
Schedule A Consultation
Tell us more about your house and your sale timeline.
Get a Cash Offer
Receive a competitive offer based on comparable houses.
Collect Your Money
Close within days with a cash offer and live stress free.
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