Selling Your House? – Save Money on Commissions and Fees

When selling your house, there are several strategies you can employ to potentially save money on commissions and fees. Here are some ways:

For Sale by Owner (FSBO): Selling your house without the assistance of a real estate agent can help you avoid paying a commission. However, keep in mind that this approach requires additional effort on your part, as you’ll be responsible for marketing, showing the property, negotiating with potential buyers, and handling paperwork. A good middle ground is to use an App such as bRight Agent which can substantially lower your costs.

Flat-Fee MLS Listing: Instead of hiring a traditional real estate agent, you can opt for a flat-fee MLS (Multiple Listing Service) listing service. These services typically charge a one-time fee to list your property on the local MLS, exposing it to a wide range of buyers and buyer’s agents. You will still need to handle showings, negotiations, and paperwork yourself.

Negotiate the Commission: If you decide to work with a real estate agent, you should absolutely negotiate the commission rate in order to save money on commissions and fees. While it may vary based on local market conditions and the agent’s policies, it’s worth discussing the possibility of a lower commission rate or a reduced fee structure, especially if you’re confident in your property’s marketability. Better yet, you can use the bRight Agent App to negotiate lower agent commission and fees for you!

Compare Multiple Agents: Before choosing a real estate agent, interview and compare several candidates. Inquire about their commission rates, services provided, marketing strategies, and track record. Don’t be afraid to negotiate the terms and fees to ensure you’re getting the best value for your money.

Optimise Your Home’s Presentation: By enhancing your home’s curb appeal and making necessary repairs or updates, you can potentially increase its market value. A well-maintained and visually appealing property can attract more buyers and potentially lead to better offers, reducing the need for excessive negotiation or discounts later on.

A well presented property with good curb appeal will likely attract more potential buyers.

Remember, while you should always try and save money on commissions and fees, it’s equally important to ensure that you receive quality representation and support during the selling process. Assess your comfort level, expertise, and available time before deciding on the approach that best aligns with your goals and resources. Services such as bRight Agent can save you a lot of money even when you decide to use a real estate agent.