When you are wanting to sell your home, you might wonder what type of real estate agent you should work with. You might have heard about flat-fee real estate brokers and wonder if they might be the better choice for you.
Here are the top benefits of working with a flat-fee real estate broker to sell your home instead of a traditional agent.
Realtor Fees Won't Change
One of the top benefits of hiring a flat-fee real estate broker is that the fee you pay to use the realtor's services will not change. When you sign a contract with a traditional agent, the agent will receive a commission once the home sells. This can change depending on what the home sells for. So, you could pay a lower amount or a higher amount if your home sells for more than the listing price. This can make budgeting for buying a new home a bit of a challenge because you need to factor in fluctuating agent's fees into your selling price.
A flat-fee real estate broker's fees won't change. They will always stay the same no matter how much you sell your home for. Whatever fee structure you saw on the contract you signed is what you will pay when your home sells. This will actually save you money and help you budget for a new home in the long run.
You Aren't Locked Into A Certain Term Length
When you hire a real estate agent, you sign a contract for a certain length of time. This gives the agent time to stage your home, list the home and market it, and find appropriate buyers for the home. This can take time, and if for any reason you are unhappy with how that agent is doing their work, you can't just walk away and hire a new agent. You must remain with them until the end of the contract. This can make you lose precious time in trying to sell your home, especially in a hot market.
A flat-fee real estate broker doesn't have any set time frames in which you have to stay with them. You simply hire them, pay your fee and if it's not working out, you can leave whenever you want. You also have the option to use a pay-per-use option. This means that you only pay for what services you are using, so you could opt for a monthly type of payment. You can end your working relationship for any reason, such as if you changed your mind about selling the home, at any time.
Only Get Services You Want
When you hire a real estate agent, you are potentially paying for services you don't want or don't need. When you hire a flat-fee real estate broker, you only pay for services you want or need. This means you can hire a broker to only list your home and let you do the staging and photographs among other services.
Your agent can work with you to determine the market value of your home and find the best price to list it for. They can also list your home on the MLS and market it, or give you advice on the best way to promote your home.