These days, we’re hearing from a greater number of younger buyers who believe they can handle the home buying experience entirely on their own, with the help of the Internet. Often, these buyers (mistakenly) believe they’ll save money by purchasing a home without an agent, because the seller will only pay a half commission, instead of the full commission.
That just shows ignorance of the process. Sellers who have listed their homes generally pay between 4 percent and 6 percent of the sales prices as a commission to the listing agent. The listing agent, in turn, typically pays the buyer’s broker around half of the total commission. No buyers agent means the listing agent doesn’t have anyone to share in the commission. So, unagented buyers unwittingly allow the listing agent to pocket the entire commission.
Unagented buyers make other mistakes in the process that can cost them money, like not
Andrew Fortune is the owner and managing broker of Great Colorado Homes, a digital real estate brokerage in Colorado Springs, CO.
Right now, many real estate markets around the country are experiencing a lack of inventory. In some cases, the supply of homes for sale simply cannot keep up with the demand from homebuyers.
For example, in Colorado where I’m based, there was a 51% decrease in available single-family homes on the market this August, compared to the same time last year. That kind of shortage can cause panic-buying and quick sales.
If you’re in a market where homes are selling within minutes, you may be asking yourself if you really need a real estate agent to sell your home. It’s a question that needs to be asked from time to time. Why can’t you put your own home online and sell it without an agent? Maybe you
One couple on this season of The Block were left scrambling during Wednesday night’s episode after getting some very negative feedback from the real estate agent who’ll be tasked with selling their home.
As real estate agent David Wood from Belle Property drops by The Block’s construction site for a visit, South Australian couple Daniel and Jade are particularly proud of one statement piece they’ve designed for their kitchen: a combined island bench and dining table, designed to “draw the eye,” as Jade puts it.
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One look at the plans and it’s clear Wood is worried.
“What did you think when you saw that big round bench that protruded out across the walkway?” a producer asks when the couple are out of earshot.
“It looked like