When you are in the process of purchasing a home, you obviously want to look at how much you can save on the deal. Of course, you don’t want to use any unethical ways to go about getting a lower price, and given that there are much better options available to you.
More specifically, you should be looking for low commission agents, which means you can score some cash with the sale. However, there are certain challenges that come with these types of agents, so you have to be cautious about who you trust.
Here is a breakdown, and some advice, on how challenging it can be to find quality agents that are willing to let go of some of their commission.
Low Commission Could Mean Less Engagement
Realtors are people. They have good days and they have bad days. This also means they can choose to prioritize their clients.
For example, agents selling high-priced properties and more affordable homes are prone to give wealthier clients more attention. And this is considered a natural response, given that this is where most of their income will be coming from.
So, in order to rake in as many clients as possible, they might offer lower commissions to more affordable properties, and this results in less interest from them to close the sale properly.
Of course, this isn’t always the case, but it is a risk you take.
Low Commission Could Mean A Long Wait
As described above, the lack of interest from the agent won’t just be frustrating, but it can also stretch out the process unnecessarily. Do you really want to wait to find your perfect home.?
Not All Commission Fees Will Be The Same
The fact is not all agents are going to charge the same commission fees, and there is a not set standard. Some agents will charge 5% of the property value, while others might be more giving with 3%.
Ultimately, you want to work with a low commission agent that has a good reputation for keeping clients happy. It’s just a matter of spending the time a digger a little deeper.
Can Low Commission Agents Offer Additional Benefits?
This might seem like a strange question, because what other benefits does a low commission agent offer, in addition to taking less money? Well, agents like FindMyNest (https://findmynest.ca) come to mind, seeing as they offer something special to the people who work with them.
But can this really be possible? Won’t there be some kind of catch if they offer benefits as well? Because this deal is sounding too good to be true. Nope, not if you use the right agents to find your dream home and give it to you at the best possible price.
If this is your first time buying a house, do yourself a favor and research. Get some advice from professionals and look at where you can possibly save money. And with the right agent, there is no telling how much you can save in the end.