Selling a home usually includes hiring a real estate agent and paying them a percentage commission based on the price of the house. The seller usually pays three percent of the selling price, as well as the buyer’s agent fees, which can be the same. However, a flat fee listing in Connecticut means the real estate broker only charges you a flat price to list your home, though you may still need to pay the full commission for the buyer’s agent.
What an Agent Does for You
Before making a decision, it is essential to know what the agent does for you and why you need to have one. The real estate agent puts a price on your home based on comparative analyses of the market. This can help to generate more interest in the home, get better bids, and reduce how long the home is on the market.
Agents will also negotiate the sale for you. The sale has a variety of variables, such as location, market buoyancy, concessions, additional items included, repairs identified, etc, so it makes sense to have an experienced person help you to negotiate.
Technology helps your agent sell your home faster and gain greater visibility, with no additional effort, due to large home portals and other syndicated websites. It only takes a few clicks for a prospective buyer to gain more information and pictures. This will be available to you regardless of whether you go with a Flat Fee realtor, 1% realtor or traditional realtor. Of course, there are a variety of factors to consider, and you should always do your research to ensure that you choose the right realtor with which to work.