Selling Home Florida

Each and every day, home sellers and home buyers alike enlist the services of real estate professionals. However, as a home buyer, it is unlikely you would ever be asked to pay any portion of a real estate commission. Since it is doubtful that your Buyer’s Agent is working for free, how and from whom does this Realtor get compensated? In almost every home sale, the entire commission that is payable to both the Listing Agent and the Buyer’s Agent is paid for by the seller!

How this works, is that through the MLS, the Listing Brokerage offers a percentage, which is usually around half (2.5% to 3%), of the total commission from selling a home in Florida, to the Buyer’s Brokerage. The two agents involved share credit as well as the commissions in the sale of the home. The majority of all home sales are conducted this way. As a home seller, therefore, it will be your responsibility to pay commission for both sides of the transaction. While this may not seem fair, it is fact. For this reason, it is essential to secure the best possible commission rate with your Listing Agent when selling your home in Florida. Paying a high rate of commission, such as 7% on $100,000, will not make it sell any faster. There is absolutely no correlation between the total amount of real estate fees you pay and the time it takes for selling your home in Florida or the price you get for it. Paying more is just that, paying more.

You may be thinking that this sounds too good to be true. Well, it’s not, and here is how it works when you when it comes to selling a home in Florida: The traditional method of selling a home works like this; you hire a real estate agent to sell your home in Florida. You then agree to pay that agent and their firm a fee to start selling your home in Florida and complete the transaction. That real estate agent, in agreement with their local board, agrees to share that commission with any other real estate agent that brings in a buyer and completes the transaction of selling your home in Florida. Your agent markets your home by using the Multiple Listing Service (MLS). The MLS is a Board which acts as a meeting place where buyer and seller agents meet to conduct business and trade buying and selling sources. Once your home is listed in the MLS, your selling agent has agreed to share their commission with anyone who will bring a buyer to the table and complete the transaction.

With, you only pay for one side of the transaction. You don’t pay a listing agent – you only pay an agent to bring you a buyer! What’s even better is that if you want to save even more money when you are selling your home in Florida, sell your home on your own! When you you have the right to sell your home on your own. If you find a buyer without the help of an agent, don’t pay any commission at all when you are selling your home in Florida.