Obtaining Real Estate Wisdom From the FTC November 28, 2011 at 12:36 am
As individuals in the process of deciding to purchase or sell a residence can tell you, the entire process can seem daunting. Many who enjoin the services of a professional real estate broker spend a whole lot of long nights attempting to determine who is taking advantage of them more — the broker or the lender. The Federal Trade Commission information pack gives advice to sort it out.
You may want to surf to the Buyig your First Home article to read more about how to deal with homes for sale.
The Federal Trade Commission will send you a wonderful information pack that familiarizes new buyers or property sellers with some often asked questions concerning real estate. called “Selling Your Home – Tips for Selecting a Real Estate Professional”. The information pack focuses on the proper amount you should expect to pay for a real estate commission, the ins and outs of contracts as well as business models.
While the information pack is somewhat slim, with only a few pages, it does come with lots of useful words of advice. Under the section on real estate agent fees, the information pack indicates that 6% is the industry standard, it is a bargaining point.
The information pack helps to nudge potential customers to try to negotiate for a more affordable fee, since the broker desires your business as much as you need their help.
You can obtain the information pack by visiting the FTC site at ftc.gov. When you are ready to buy or sell you may want to visit the Property for Sale site to get an excellent bargain on a new home.