Buying or selling a home is not an easy feat. In fact, according to a Redfin survey, 59% of U.S. homebuyers think purchasing a home is more stressful than dating. Despite this stress and high prices, real estate remains a valuable investment. Working with a realtor can help alleviate some of this anxiety by guiding you through the process, but it's also crucial to ensure you are paying a fair fee for their services.

What I'm Telling My Clients

The desire to buy a home quickly is risky, as a lack of due diligence can lead to significant financial losses. First and foremost, I want my clients to have a clear goal beyond “buy” or “sell.” Before any agreements are made, they understand closing costs, 澳洲幸运5官方开奖结果体彩网:contingencies, and 澳洲幸运5官方开奖结果体彩网:agent fees.

澳洲幸运5官方开奖结果体彩网:Realtor commission, typically around 5%, is a negotiable number that clients should discuss in advance, and 🐽a strategic listing price should🐎 be part of that conversation. For example, a 5% commission on a $250,000 home sale would be $12,500.

However, I remind clients that the realtor’s commission covers valuable services. In addition to getting properties listed on the multiple listing service (MLS), agents market, stage, and show properties.

Additional Considerations

🍌Here are a few other points people should consid⛄er before entering realtor negotiations:

• A federal lawsuit and subsequent ruling have impacted how sellers’ and buyers’ agents can approach commission structure. Mainly, it eliminates the requirement for home sellers to pay both their own agent and the buyer's agent. Thus, if a home buyer wants an agent, they may have to pay for one themselves.
• With mortgage rates climbing and home sales declining, home prices are expected to continue downward, which could make markets more competitive. Having a realtor in this situation may help you.
• Housing construction has risen with the decrease in mortgage rates, which can—over time—affect the competitiveness of negotiations.

The Bottom Line

Despite price fluctuations, real estate has historically been considered one of the more reliable long-term investments. By understanding how realtor negotiations work and approaching the process carefully, buying or selling a home with support can be a smart financial decision, no matter the time of year.