Why do Real Estate Agents charge such high fees? скачать в хорошем качестве

Why do Real Estate Agents charge such high fees?

In the UK Real Estate Agents charge between 1-3% commission for the sale of a property. The fee may seem high to some people however selling a home is a very difficult and long process which requires a lot of work over a long period of time. There are various steps with different skillsets which demand a certain expertise and this where you leverage by using an Agent to work in your best interest. The main steps for sale are: • Market analysis to get the most accurate valuation • Professional photo and videography. • Marketing the property • Negotiations • All the legal requirements and paperwork • Exchange of contract and completion The fee is almost irrelevant since the agent only gets paid when the property is sold and all the above are literally done free of charge until then! Additionally, if the agent does not secure an offer within the contractual time frame, typically 16 weeks, the seller has the option to engage a different agent, resulting in the original agent's efforts going uncompensated. There is a saying that goes like 'Don’t look at the price of the shovel when you are digging for gold,' which is very relevant in real estate. Some individuals focus on saving £1,000 to £2,000 in commission, while a skilled agent is trained to negotiate hard on their behalf, potentially securing an additional £10,000 or more. Lastly, and most importantly, travelling a bit makes you realize how fortunate you are in the UK. For example, selling a house in France would require paying a 6% commission to the agent for the same service, and in Portugal, the commission would be 7%. Please let me know your thought in the comments below. I’m Xavier Boulanger from ABX Properties.