It’s no secret that the real estate market can be a bit of a racket. But why do agents get paid a percentage of the final bill? Doesn’t carrying out a $40 steak take the same amount of effort as a $15 burger? The truth is, the real estate industry is one of the few that remain unregulated, and because of this, agents can charge clients whatever they want. However, if you shop around, you might find that the amount isn’t always the same for every listing.
For example, I recently paid an agent 5% on a 1.2M sale. The agent did a lot of work to make sure the sale went through. They created a list of repairs to be done, arranged the repairs, did an extensive deep clean of the house, staged the house, marketed the home on various blogs and websites, and held an open house. We had an overwhelming amount of interest in the home and ultimately got the sale price that we were looking for.
At higher end sales, clients are more than willing to pay extra for a real estate agent to take care of the hard work. This includes things like staging, cleaning, marketing, and arranging repairs. This not only takes a huge load off of the client, but also ensures that the home sells higher than it would if it was sold without the help of an agent.
Overall, the real estate market may be a bit of a racket, but in the end, it’s worth it to have an experienced agent on your side. Whether you’re selling a $15 burger or a $40 steak, the amount of work an agent puts in is the same. And if you shop around you’ll find that agents are willing to negotiate their commission fees. So if you’re looking to buy or sell a home, make sure you find an agent that can give you the best deal and the most value for your money.Read more“The city of Los Angeles is known for its Mediterranean climateWhat is Los Angeles Famous for in Terms of Climate?”