As individuals in the process of deciding to buy or sell a piece of property can tell you, the entire ordeal can seem hard. Many who enjoin the assistance of a professional real estate broker endure a whole lot of long sleepless nights attempting to decide who is taking advantage of them the most — the broker or the mortgage company. The Federal Trade Commission booklet gives tips to sort things out.
You may want to click on the Homes for Sale story to read more about buying your first home.
The Federal Government has recently issued a practical booklet that presents new purchasers or property sellers with some frequently asked questions concerning real estate. entitled “Selling Your Home – Tips for Selecting a Real Estate Professional”. The booklet 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 booklet is a bit slim, with only a few pages, it does have a good many helpful tips. Under the section dealing with real estate fees, the booklet states that 6% is the traditional commission, it is negotiable.
The booklet attempts to prompt prospective customers to attempt to negotiate for a more favorable commission, since the broker wants your business as much as you need their help.
You can request the booklet by going to the Federal Trade Commission 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 buy on a new home.
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