If you’re looking to sell your home and have been doing some research on real estate agents, then chances are that you’ve come across terms like “low commission real estate agents”, “flat fee real estate agents” or even “no commission real estate agents”. This could sound pretty appealing for someone who is wary about the commission fees that traditional real estate agents charge. But it’s important to understand what “fixed fee real estate” is and whether you should consider it.
What is a Fixed Fee Real Estate Agent?
A fixed commission real estate agent is exactly what they sound like. These brokers or agents will sell your home for a predetermined rate rather than base it off a commission percentage of what your home sells for.
So, fixed rate real estate agents or fixed fee real estate agents will take the same amount whether your house sells for $280,000 or $490,000.
The Difference Between a Full Service and Limited-Service Flat Fee Agent
It’s important to note that there is also a distinction between the flat rate agents themselves. A full-service flat fee agent provides a lot more support and will help out with home valuations, listing your property on real estate sites and help negotiate with offers.
Limited-service agents, on the other hand, are more likely to simply list your home on a site and leave the rest of the heavy lifting to you.
If you do decide that a low commission agent is the way to go, then ensure that you know what kind of service you are going to get from them.
Why Would I Use a Fixed Fee Real Estate Agent?
There are a number of reasons why sellers decide to go with low commission real estate agents. The primary reason is, of course, the possibility of saving thousands of dollars in commission fees that would normally increase according to your property price.
Another reason why sellers tend to go for real estate agents with flat fees is that houses generally don’t stay on the market for long. It’s important for these agents to have a high turnover in order to make enough money throughout the year.
Are Fixed Fee Real Estate Agents Worth it?
At the end of the day, with fixed fee real estate agents, you get what you pay for. Traditional real estate agents charge a commission for the massive amount of work that goes into their role. They list the house, help with contractual admin, market the house for you and make your home beautiful for open house viewings. They will push for the highest offer possible for your property as this directly affects what they are also going to get paid. We truly believe that while fixed-rate agents may save you some money, the value that traditional real estate agents bring to the selling process is unmatchable.
Quickly Compare Real Estate Agents
At LocalAgentFinder, we believe that an expert real estate agent can make a huge amount of difference when you sell your property.
Finding the right agent to work with you is imperative and that’s why sellers love our site. All you have to do is enter your property details and we’ll bring up a relevant agent panel for you. From here you can compare selected local agents according to their experience, the number of properties they’ve sold, the median price they sell properties for, how long their properties normally stay on the market and more. You can then get in touch with a number of agents to find the one best suited to your needs.