Commissions can be charged by real estate agents, brokers, leasing agents – anyone selling anything. Learn more here about types of commissions and how you can get the best deal.
To improve your credit history you need to start by knowing where you stand -- order your credit report from each of the three credit reporting bureaus. After that, to improve your credit history you'll want to dispute any incorrect information and manage how you use credit cards. Finally, if you've been divorced make sure you're not responsible for debts of your former spouse.
The way real estate agents get paid is changing. Real estate agents used to work under a full service model but now some companies are offering real estate sales services on a piecemeal basis. Other real estate agent models include for sale by owner and discount real estate brokers.
When choosing a real estate agent to help you buy a house, choose a buyer's broker. Using a buyer's broker could help you save more than 5 percent on the purchase price of your home. A buyer's broker has the buyer's interests at heart - not the seller's.
When you're selling your home, you need to do all you can to make the home more appealing. What can you do to make selling your home go smoother? Try making the home look great with landscaping, home improvement and home repair projects. When selling your home you want to find the right real estate agent by interviewing several. Selling your home also involves pricing your home correctly.
When you're ready to sell your home you may debate whether to hire a real estate agent or sell the home yourself in a for sale by owner transaction. For sale by owner transactions require more work on the part of the seller but the seller can save money on the real estate agent commission, which can run 5 to 7 percent of the sale price of the home. Learn how the type of housing or real estate market affects this decision.
If you've been selling your home for a while without success, there are some things you can do to make buyers want to buy your home. You can make home improvements or offer other incentives such as paying closing costs. Other ways you can make your home sell are to relist the home, lower your listing price or raise your commission for your real estate agent.
Home buyers purchase a rehabbed Colonial home after falling in love with the home during its renovation process on TV show "This Old House." In addition to netting $550,000 in profit (minus, of course, the broker's commission, transfer taxes and other costs of sale), the show opened up the house to more than 15,000 fans, each of whom paid to go through the house and receive a special version of "This Old House" magazine about the project.
When you're selling your home you may be working with a real estate agent. The terms of your relationship with your real estate agent are spelled out in your listing agreement. Before you sign your listing agreement you should negotiate it. What terms should you look for regarding commission and other issues in your listing agreement?