Your Realtor will negotiate sales terms with the seller. This can include purchase price, contingencies that allow you to terminate the sale without penalty, included repairs or maintenance, and allowances for upgrades and repairs. The purchase offer is a legal document and it helps to have a seasoned professional, such as a Realtor, draw up the contract before sending it to the seller.
A Realtor is generally paid on commission. This means that a percentage of the purchase price of your home, typically 3%, goes to your Realtor. If the home’s seller is also using a Realtor, the commission is usually 6%. This can result in a higher price but can be well worth the additional cost for the expertise that a Realtor brings.
Coworkers, neighbors, and friends can all provide first-hand knowledge of what they liked (or didn’t like) about their Realtor. One of the best ways to find a good fit is to rely on word-of-mouth referrals from people that you trust.
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