3 Things You Should Know Before Hiring A Reduced Fee Agent

Real Estate Blog

Selling your home is a complex task, and often involves fees that can quickly add up. You may find yourself paying a real estate agent listing fee, as well as for other costs like certain repairs to your home or a home staging fee. These fees come out of your sale profits, leaving you with less money than you may be anticipating. Working with a reduced fee agent is a great way to save money while selling your home. Here are three things you should know.

A Reduced Fee Agent Is a Licensed Real Estate Agent

Reduced fee agents are licensed, experienced real estate agents who simply charge lower fees. In some cases, they are able to charge reduced fees because they have saved costs by making their office completely remote and saving money on rent. In other cases, the reduced fee agent has streamlined their marketing and operations significantly in order to be able to charge a lower rate than their competitors. 

No matter their reasons, reduced fee real estate agents have the same licensing requirements as traditional real estate agents.

Reduced Fee Real Estate Agents Offer Transparent Pricing 

Reduced fee agents are growing in popularity due to home sellers feeling disappointed in how expensive the home selling process has become. In order to resolve this issue, reduced fee agents not only charge lower rates but also offer more pricing transparency.

Many reduced fee real estate agents charge a flat fee that you agree to at the beginning of the home selling process. This helps avoid unpleasant surprises, especially if your home sale becomes complicated or takes longer than anticipated.

Some Reduced Fee Real Estate Agents Offer Reduced Hours

In some cases, in exchange for charging lower fees, reduced fee agents offer fewer hours of their time than a traditional real estate agent. For example, instead of offering to schedule an unlimited number of open houses for your home, they may agree to only one or two open houses. Similarly, they may offer a more limited number of paid advertisements in real estate magazines.

If you live in a hot market where homes are in demand, you may only need the help of a real estate agent for a couple of weeks before you have a buyer, which would make this arrangement worthwhile. Be sure to clarify with any prospective agent what exactly you will get in return for paying their fee.

If working with a reduced fee agent sounds like a good solution for your home selling situation, it's a good idea to start with a free consultation.

For more information, contact a company like Your Advantage Realty


22 January 2021

A Successful Home Sale

Do you absolutely adore your home, but are planning an upcoming move due to a career change? If you’re moving in the near future, you might desperately desire to sell your current home as soon as possible. To help you accomplish this important task, consider hiring an experienced, real estate agent in your community. This individual can help you select the perfect selling price for your house. Your real estate agent can also provide valuable information about staging your home to perfection. For instance, to make your home more inviting, your real estate agent might suggest you purchase new bedding, window treatments, and artwork. On this blog, I hope you will discover how a real estate agent can help you sell your home fast. Enjoy!