20 Dirty Secrets Your Real Estate Broker Will Never Tell You

Dirty Secrets Your Real Estate Broker Will Never Tell You. Beautiful couple consulting a real estate broker.

(2) Open House Are Not For Sellers

It is one of the most significant dirty secrets your real estate broker will never tell you. An open house is a house for sale where all potential buyers are invited to explore the house before closing a deal.

These temporary receptions points may seem to take place for the purpose of inviting serious buyers on behalf of the seller of house. But, these preparations are not actually for the seller instead serving the long-term plan of a property dealer.

Potential homebuyers are often visiting open houses just to take a look of housing market or neighborhood. Such buyers are not real buyers for the listed property.

But, it provide a great opportunity to property dealer to keep in touch with some-day buyers in hopes for closing a deal for some alternate real estate property in future.

[Read Also: 20 Best Signs To Identify Home With Good Resale Value]

(3) Broker’s Commission Is Negotiable

It is one of the most common dirty secrets your real estate broker will never tell you. When a home seller ask a broker for the amount of broker’s commission or fees charged on closing a deal, a standard rate of commission appears to be 6% of total home transaction cost.

But, this is not true always, as bargain over commission is always possible. You can get a discounted rate of broker’s commission by negotiating for it.

It is particularly possible if you think that your home will be an easy sell due to good home resale value.

(4) Smaller Brokerage Firms Are Cost-Effective

It is one of the most important dirty secrets your real estate broker will never tell you. A small brokerage firm can provide you cost-effective home selling process at a cheap broker’s commission along with more personalized attention.

Potential sellers of house can take the advantage of working with these smaller firms at places where competition between real estate brokers is high.

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