Why Use A Discount Broker?

Why Use A Discount Broker?

Discount Brokers

Many people have asked me the question: why use a discount broker? An example of a discount broker is a real estate agent who works on a much smaller commission instead of the standard fee. They will list your home on the MLS and sell your house for you. At the end of the selling process, you pay the broker a fee for their services. The fee automatically comes out of the sales price and goes directly to the broker.  The problem is that this can cost you thousands of dollars if you do not do your homework and compare different brokers before making a decision. I will show you why it is important to use a discount broker and why discount brokers are the best choice for selling your home.

Real Estate Commission 

Most of the time, brokers will offer you an standard commission fee that most people pay and assume is non-negotiable.  That’s why real estate agents don’t offer a discount in order to get you to sign up with them.  Discount brokers all make their money the same way – by charging a lot for services that are standard and the same as all other brokers. A discount broker works by offering low rates to people who need to sell their home and do not want to waste money on the same services offered by other brokers.

There are many brokers out there, but they all do essentially the exact same thing. Each broker has slightly different services, but basically all of these brokers use the same MLS, estimate the value of your home the same way, and negotiate the same way.  The reason why you want to use a discount broker is because they allow you to save a ton of money when selling your home.

discount brokers

Saving Money

A discount broker can help you save money simply because of the way they do business. Discount brokers get paid a lower commission from the sale of your home. These commissions are usually a percentage of your home’s sale price. So if you want to save money and walk away more in your pocket, then you need to find a discount broker. This is much easier than it seems.

Finding the Right Discount Broker

When looking for a discount broker, the most important thing you have to look at is experience. Different brokers have different levels of experience. A new broker might not have that much experience, which could make them ineffective for your needs. If you choose a broker who is experienced, you will be able to make better choices during the sale of your home. This will ensure that you always get the best return for your money and might even sell your house faster.

When it comes to selling your home, brokers might charge different amounts for their services. It is important to take a look at the services that a discount broker offers to find the one that fits you and your needs the best. When you choose a broker, you should always make sure that you read all of the terms and conditions. You need to know what you will be paying for, how much is that fee for, and whether or not you can cancel your service if you need to.

This Ladies Opinion on Discount Real Estate Brokers