posted by admin on Sep 8
As anyone in the throws of choosing to buy or sell a piece of property can tell you, the whole ordeal can seem impossible. Many who engage the assistance of a professional real estate broker endure a whole lot of long sleepless nights attempting to figure out who is taking advantage of them more — the broker or the lender. The Federal Trade Commission booklet gives tips to figure it out.
You may want to jump to the Homes for Sale post to read more about buying your first home.
The Federal Trade Commission provides a practical booklet that assists new buyers or property sellers with some FAQs concerning homes. 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 little brief, with only a few pages, it does contain a good many excellent tidbits. Under the section about real estate charges, the booklet indicates that six points is the industry standard, it is a bargaining point.
The booklet helps to prompt potential clients to attempt to negotiate for a more reasonable commission, since the broker covets your business as much as you need their help.
You can order the booklet by visiting 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 deal on a new home.
