Sell Your House with Low Commission Fees | EstateAgentPower.Com

Understand the Structure of the Real Estate Commission

Understanding the basic structure of the real estate commission is essential for a seller to save on commission fees and formulate effective strategies to maximise profits. As per the real estate market tradition, you will pay a percentage of your house sale price as an agent commission. Real estate agents usually charge between 5-6% of your home’s sale price depending on the property types and complexity of the sale process. You can also negotiate for lower commission rates. Some real estate agents work on flat-rate commissions and you pay a fixed amount irrespective of the house sale price.

For Sale by Owner (FSBO): A Method to Save Entire Commission Fees

You can save the entire commission fee by opting to sell your house yourself without engaging a real estate agent. Engaging a real estate agent in the sale process is not a legal requirement and you can easily sell your property yourself also known as the “For Sale By Owner (FSBO)” method. This selling method involves the following steps:

1. Research: You must research the current market conditions, average house prices, sold house prices, and marketing trends to prepare for house sales efficiently.
2. Set a Competitive Price: By analysing the market conditions and comparing the sold prices of similar properties, you can determine a reasonable price for your house. Set a competitive price to attract the best buyers and ensure quick sales. You can also use the free valuation service of Estate Agent Power to find the net value of your property.
3. Market Your House: Utilise online real estate marketplaces for effective marketing of your home. You can create a free listing on estateagentpower.com to market your property globally and target a wider pool of international buyers. With innovative advertising services, the real estate platform helps you to create attractive listings and attract a diverse pool of buyers.
4. Prepare for Property Showing: You can set schedules for showing your property to prospective buyers. Consider creating a 3D virtual tour of your house to offer digital viewing services to buyers. Video tours and professional photographs help in effective marketing when selling your house through online real estate marketplaces.
5. Negotiate and Close Deals: In the FSBO method of selling you have the freedom to negotiate directly with a buyer. However, you need a solicitor to close deals smoothly and fulfil the legal requirements of house selling. A solicitor will handle all the legal work and assist in transferring the ownership.

Other Options to Save Commission Fees

If you are not comfortable with selling your property yourself and want someone to share the responsibility. Real estate agents and brokerage service providers can assist you in selling a property. To save on agents or brokerage commissions, use the following techniques.

1. Negotiate with your real estate agent are seek discounts.
2. Interview multiple agents and compare their fees to choose the best.
3. Consider multiple listing services with a fixed commission fee.
4. Use discount brokerage services.