Short Sale Broker Commission - Negotiating a Real Estate Broker Commission

Short Sale Broker Commission

Short Sale Broker Commission

Negotiating the commission of a real estate broker is an expected part of the process of buying a home. The negotiation process begins by just simply asking. So if you are selling your home through a broker, don't be afraid to ask.

It would be smart though to get an appraisal of how much your home is worth before meeting with a broker. Aside from a professional appraiser, one can get an estimated value of one's home by checking other similar homes for sale in the general vicinity.

Also include in your research the average time the homes for sale stay on the market; the longer it takes to sell, the higher the fees the broker will charge. You can get more discount if it is a seller's market as the houses sell faster and for a higher amount. Short Sale Broker Commission

Find for qualities about your home that will give it an edge such as a good location and condition of the house. Also having other properties to sell can make you ask for a volume discount.

Other means to get a bigger discount is if the seller already has a prospective buyer. They earn more if they both list and sell the house and you pay less commission since the house wasn't sold with a buyer broker. On a related note, consider getting that same broker when you buy your next home. This means two commissions sources for him, so there's more room for you to negotiate.

If dealing with an agent, always confirm with their broker in-charge if they are allowed to negotiate their rates. Also, you get more bargaining power if you are choosing among at least three companies who can give you the best rates.

Lastly, do the negotiation outside of the house to give you confidence. If it is done at home, you might get distracted by your kids or other responsibilities. Aside from that, you will feel like the agent is a guest so you cannot be aggressive. Short Sale Broker Commission

Short Sale Broker Commission - Negotiating a Real Estate Broker Commission

By: Real Estate Expert

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