Buying or Selling Soon?

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Are you going to be buying or selling a property soon? There are expenses that you may not have considered yet; such who’s responsible for paying which fees, what does a real estate professional do, or other common questions including:

What is the standard compensation structure for real estate professionals?
For the most part, real estate professionals are compensated by commission, based on a home’s selling price. Commission rates vary, as does how the sales commission will be divided between the agents on the selling and buying side of the transaction. When a seller signs a listing agreement, their contract is with a brokerage firm. All fees must pass through that brokerage firm. Typically, the seller’s representative—and your buyer’s rep—will be paid by the listing broker after the transaction closes.

What services can I expect to receive?
The terms vary from state to state, and each buyer’s representative can set their own guidelines within their state parameters and their brokerage practices. So you should clarify, preferably in writing, the services you are entitled to receive before you start viewing properties.  It’s also important to understand that if you do buy a property, your buyer’s rep will probably receive compensation through the listing broker.

Jean Groesbeck & Assoc. LLC in Old Town Anacortes has a full-time team of brokers who are available daily to work for you, whether you are buying or selling. Not only do we negotiate pricing based on trends in similar homes or within the area, we market your home to sell using professional photography, advertisements and online marketing, in addition to hosting showings, open houses, tackling the paperwork, inspections and more.

Do you know that statistically homes sold using a real estate professional net more of a profit than those transactions that are for sale by owner? Team Groesbeck can address any questions you have about the buying and selling processes, as well as put you in touch with local lenders and more!

Jean Groesbeck & Assoc. LLC is licensed under Coldwell Banker Bain and can be reached at (360) 941-3734, (360) 899-5027 or Jean@JeanGroesbeck.com.

 

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