Whether you are buying or selling a home, a Real Estate Agent will negotiate his/her commission with you. It is the same as hiring an attorney or accountant. They can save you money. A professional agent can guide you through the pitfalls of the home market. There are two ways one can sell a home. You can try and sell the home as a “For Sale by Owner” or hire the services of a Real Estate Agent. In the unpredictable Real Estate market it is highly recommended to obtain the services of a professional. Not only will an experienced Real Estate Agent save you a lot of money, he/she can see that the deal closes successfully.
When selling a home you compete against many foreclosures and short sales available on the market. To find a buyer that is willing to pay the fair market value for your home can be easier said than done. The services of a professional Real Estate Agent are needed in today’s volatile market.
When buying a home you need a true expert that can negotiate on your behalf. First you have to make an offer and after the home inspection you may have to re-negotiate. The lender wants to protect the investment by making sure the mortgagor can repay the money. The lender also wants to make sure the property has sufficient value. The lender will request an appraisal. Deals often get cancelled after appraisal. According to the National Association of Realtors 11% of deals are cancelled from an appraisal coming in below the price negotiated between buyer and seller. 14% of successful deals are renegotiated to a lower sales price. You need an expert to keep the deal together until it closes.
Hire a Real Estate Agent and negotiate the commission. In this maze of Real Estate complexities your agent will be worth it.