Are you looking to sell a piece of real estate in the near future? If so, one thing you are probably thinking a lot about right now is which local real estate agent to hire. While there are of course many great options out there, one possibility you might want to consider would be to hire an agent that only takes a 1% listing commission. Here is why a real estate agent that provides a low listing fee may be the way to go.
Sell Your House Quickly at a Lower Price But Pocket More Money for Yourself
A typical real estate agent can take anywhere from six to eight percent on a transaction. This means if you sell your house for $100,000, your agent would be entitled to $6,000 to $8,000 of the sale price. Obviously, this number goes up dramatically as your house approaches $200,000, $300,000 or more in value. Because of the high amount you might pay a traditional agent in commission, you may not want to lower your listing price too much in order to ensure that you are left with the amount of money you want to gain from the sale after the commission is subtracted.
But with a one percent agent, those concerns evaporate. You can intentionally list your house for less money in order to sell it quickly, knowing that you will actually end up with more money when all is said and done because you only have to give one percent of the price to your agent instead of much more. Using a one percent listing agent could give you an advantage over other sellers if you are looking to move quickly.
You Can Still Get Nearly Full Service
It used to be that a one percent listing fee agent did just that, list the house for sale, and did not provide much else in the way of consultation. But that has changed in today's market. Many agents who offer a low listing fee provide a great deal of additional services, just like a traditional real estate agent. These agents make their money by selling a higher volume of houses than a traditional agent, but many have become adept at providing personalized service even when dealing with a large roster of houses. Talk to a local one-percent listing agent today and you will likely be pleasantly surprised to learn about the services that are available.