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Why? You want to be sure they are financially stable enough to stay in business through the tough times. How long has your company been in business? Expect to give up at least 10% of your homeâs sale price. Help you choose the right price (and negotiate down the line), Put your house on multiple MLSs and give your listing more exposure, Stage your house for open houses and answer buyersâ questions, Find houses in your price range (and negotiate with the seller), Recommend professionals that will help you appraise, inspect, and buy the house, Offer useful advice about the current housing market and next steps. If the market is slow (or the house is overpriced,) the number could reach triple digits. Cleverâs Concierge Team can help you compare local agents and find the best expert for your search. Selling a home comes with a handful of costs. We’ve narrowed the top questions down to just 15. Not all real estate agents offer 6%...but sellers shouldnât jump at the first discount agent they meet. ), Homeowners may have different reasons for selling their home. I wrote a separate post about the prevailing compensation models in the real estate business. Cleverâs Concierge Team can help you compare local agents and negotiate better rates. What’s under the wall-to-wall carpet?Houses built before 1945 almost always have hardwood floors. Again, online calculators are just a rough estimate of your homeâs value. Newer houses with wall-to-wall carpet most often have plywood. After the sale is finalized, the buyerâs broker will issue a 1% rebate to the buyer. In a sellerâs market, demand for homes rises and sellers can get a lot more money for their house. If you are buying, selling, or both, you might find the answers you are looking for throughout this blog post. Whether you are buying or selling, you may find yourself doing some Internet research to see the value of homes in the area. obedience. (This is also one of the most telling real estate interview questions), What happens to my business if I ever leave your company to work with a competitor? As we mentioned before, the sellerâs real estate agent usually gives half of the 6% commission to the buyerâs agent. But before you accept the first number, know that not all online calculators are accurate. But if you back out of buying a house, youâll have to pay. Ready to buy a home? This will give you an idea about how much you can afford and what you will have to pay in the next 15, 20, or 30 years. This will be a matter of personal preference. How long has the house been on the market? If the broker doesn’t know the scores, he or she can refer you to the Web site greatschools.net or homefair.com. Buyers and sellers have options if they want to use an agent, a flat fee listing service, or list a house on their own. The author of the most comprehensive survey of the German real estate debt market expects asset selection to be crucial to lenders’ fortunes. If you want to negotiate, talk to your real estate agent about what you should offer. Watch TODAY All Day! Buyers may need to take a look at their credit scores and assess their current financial situation to make sure they qualify for a mortgage and can fit monthly payments into their overall budget. When you’re choosing a real estate brokerage, it’s helpful to be armed with a collection of great real estate interview questions. Just get it in writing so there’s no confusion. If you can only be a stand-alone agent, your ability to build a business that has real value (to sell someday?) For more of Barbara Corcoran's real estate tips and advice, visit barbaracorcoran.com. Every real estate agent recalls a time when a buyer’s question stopped them in their tracks. But sellers donât have to pay this 6% commission; they have other options. You want to hear that the training is varied and ongoing, and that the people providing the training are experienced and successful in the real estate business.
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