Frequently Asked Questions
1. How do I set the sales price of my home?
The best way to determine the asking price for your home is to find comparable sales. Your real estate agent will run a comparable market analysis to determine what people are willing to pay for your type of home, in your area, at the current time.
2. How do I choose a Realtor?
When choosing a realtor I recommend interviewing more than one. By doing this you are able to compare marketing plans and work ethic. You should find out if the realtor works full time, how they plan to market the home, and the communication they will provide. I would love an opportunity to interview for the job. Visit Holland Michigan Realtor.
3. Are there any unique ways to get more buyers interested in my home?
You can offer incentives like offering to pay for closing costs, or paying the buyer's mortgage for the first few months. In this slow market home staging is very important. You can also purchase a home warranty, or have an inspection done previous to listing the home.
4. Why do some agents offer to take less commission?
This is usually because the agent doesn't offer as many services to get your home sold. You get what you pay for, and in this market you need every possible advantage to get your home sold. If an agent is willing to lower their commission instantly when they take the listing, do you think they are going to negotiate to get you the most money possible when an offer comes in?
5. How is commission broken up?
Let's take 7% commission on a home sold at $100,000. The listing agent receives 3.5% and the agent who brought the buyer also receives 3.5%. This comes to $3,500 for each agent. That $3,500 is then split between the company they work for, and is often a 50/50 split. That comes to $1,750 for the agent which is then taxed heavily.