Rocket Realty can help you learn how to save money in agent fees by negotiating your agent’s commission.
Maybe this is your first time selling real estate as an investor. Or perhaps you have been through the process before. No matter what your situation is, you are probably looking for ways to save money on the sale to get the best possible return on your investment. If so, it is time to look into how to save money in agent fees. At Rocket Realty, we want to help investors like you get the savings you deserve on the sale of your property. So, we have put together a step by step guide for how to save money in agent fees by negotiating your commission, which is often considered the most surefire way to improve your ROI.
Step One: Know Your Rights
Many people miss out on the opportunity to reduce their commission price simply because they do not think they are allowed to ask. However, savvy investors should know that commission rates are negotiable. Just remember that this is not a question to save for the last minute. When you are interviewing agents before you begin your sale, be sure to ask them if they would be willing to negotiate on commission. Although some may say “no” due to pressure from their companies, many agents will be willing to work with you to find some middle ground.
Step Two: Consider Collaborating
Do you have the time to put in some of the work of selling your home? If so, you have the opportunity to access significant savings on your agents fees. Without jumping straight to listing your home For Sale By Owner, there are still ways to take on some of the work yourself, making it more compelling for your agent to offer you a discount. Can you stage your home on your own? Can you host an informal open house for friends? Could you put in the time to improve the curb appeal of your home, helping to get potential buyers interested and excited? Any of these changes makes the sale easier on your agent, making them more willing to negotiate.
Step Three: Don’t Be Afraid To Ask
One you know your rights and your availability, the final step is to speak up. Don’t ever be afraid to ask an agent if they would be willing to negotiate a reduction in commission. At worst, the agent will say no, and then you can move on to another agent. You hardly ever run the risk of getting worse service for having asked. And, the answer is always “no” until you ask, but if you come to the conversation informed and ready to negotiate, you have a lot to gain. Even a .5% reduction in the typical commission could result in thousands in savings, so it is always worth asking.
Want More Ideas For How To Save Money In Agent Fees?
If you would like more ideas about how to save money in agent fees, Rocket Realty can help. You can contact us today at 844-5ROCKET (844-576-2538).