Uncommon answers from the experts
Do I need a real estate agent?
While it may be tempting to navigate buying or selling on your own, there are advantages to having a knowledgable Realtor by your side. This is likely the biggest financial decision of your life and you want someone who has the knowledge, expertise, access & negotiating power to help you come out on the other side of your purchase or sale with the best outcome.
What is the difference between a buyers market & a sellers market?
An easy way to think about this, is that if you are a buyer in a buyers market, you have the advantage. A buyers market is characterized by declining home prices and reduced demand. In a sellers market, just the opposite is true. The seller has the advantage and it is characterized by increasing price for homes driven by demand. And you may hear the term shift or shifting market, when moving from one to the other.
How does the real estate agent get paid?
Buyers pay little to no fees to the agent when buying a home. For most home sales, there are two real estate agents involved; one who represents the seller and the other who represents the buyer.
Listing brokers represent sellers and charge a fee to represent them and market the property. The property will also be placed in the local multiple listing service (MLS), where other agents in the area (and nationally) will be able to search and find the home for sale.
Agents who represent buyers (a.k.a. buyer’s agent) are compensated by the listing broker for bringing home buyers to the table. When the home is sold, the listing broker splits the listing fee with the buyer’s agent.
What is the first step I need to take when I am thinking about buying or selling?
Call us of course!
We are here to answer any and all of your questions with no obligation. We know that buying and selling is not only a big financial decision, but also a big emotional one. Decisions don't happen over night, or even in a week. When you first think about it, reach out and let us answer any questions you have and help you to identify any next steps you may want to do in order to prepare.