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FAQ

Can buyers/sellers negotiate commission with a real estate agent?

In a recent survey conducted by the consumer federation of America, about 73% of agents didn�t agree to negotiate commission fees.

What kind of credit score do I need to buy a home?

A credit score of 700 and above will help you get a home loan with lower interest rates.

What does a real estate agent do for a buyer?

Real estate agents help buyers to get the pre-approval letter, home loan approval, and to seal the deal with a proper home inspection tour.

Do you have to pay a realtor if you decide not to buy it?

You don�t have to, and there is no rule which says you have to pay.

What is the real estate agent commission rate?

6 % From the total price of the home, some might charge lesser than that, and it depends on the market value of the house and the locality.

Why should I hire a real estate agent?

A real estate agent is more than just a sales person. A real estate agent may act on behalf of you, providing you with advice and guidance when to buy or sell a home. Due to the constant changing of the real estate market, the information available on listings is not always 100% accurate. when you need the most current information about what has sold or is for sale, and the only way to get that is with a real estate agent.If you are like to buy property it would be advisable to use a Buyer's Agent. Agents can make recommendations on what terms and prices to offer as well as negotiating a deal with your best interest in mind.

What's the Difference between a 'Listing Agent' & 'Selling Agent'?

Listing Agents:Uusually deal with sellers and are the ones who will list a property for sale on the Multiple Listing Service. On the other hand selling agents (Buyers Agents) mostly deal with the homebuyers and list just a few homes for sale. They will sell the homes (which has been placed in the MLS) via the listing agents. Majority of agents will focus on one or the other. Some agents will spend their time between sellers and buyers and are usually regarded as the best ones since they are dealing with both parts.

What is the MLS?

MLS stands for Multiple Listing Service. It is a network of real estate listings in your area, where buyers can (through a Realtor or in the Internet) view what is available for their price range and with the features they are looking for. It is a system usually run and supported by the local Real Estate Board that has details of almost every home, land listed for sale with a real estate agent.

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