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What You Can Expect To Pay A Playa Del Carmen Realtor
Paying someone else for a job, even if they did a good job, is never something to look forward to. The same goes for Playa del Carmen Realtors. Some consider real estate agent fees to be a necessary evil. Some simply cannot spare the time and resources to sell their home or buy their home on their own. Most real estate agents work hard for their commission; it’s still hard to see thousands of dollars leave your hands and go into your real estate agent’s pockets.
Most real estate agents are paid through a commission plan that often ends up being a percentage of the purchase/sale price of the home. Commission fee percentages will vary from one real estate agency to another, but most neighboring agents will have comparable rates. A common real estate agent fee is 5-7% of the sales price.
Once you do the math, you’ll realize that 5-7% is a lot of money (in fact, enough to drive people to do their own buying and selling despite the difficulty). However, you may be comforted to know that the real estate agent is not the recipient of the full amount of the commission. After paying your Playa del Carmen real estate agent the agreed percentage, the real estate agent will have to split his earnings with the agency he works for. If there were other brokers involved in the purchase or sale, those brokers will also get a cut of the sale. The agency with which the broker splits his commission (usually pays 50%) is compensated for the real estate agent’s workspace, marketing, support and other resources needed to help with the sale.
While it is possible to find commissions below 5% in Playa del Carmen, it can be difficult especially in markets with a lot of real estate business and little competition between agencies (no competition means little incentive to be competitively priced). Some agencies are open to negotiating prices. Below are two suggestions for reducing real estate agent expenses.
1. Agents who don’t have to give so much money to the agencies they work for have more flexibility when it comes to negotiating the price with you. When a real estate agent works for a company that requires 50% commission, it puts them in the difficult position of having to compromise on the small percentage that they will actually end up with. Some estate agents are only required to pay 15% to their agencies. These are the types of real estate agents who are most likely to offer you some kind of discounted price.
2. There are real estate agent services you can opt out of to save money. Marketing methods like newspaper ads rarely end up selling a house. Telling your agent that you are not interested in such low performance fees will save the agency money that they may transfer to you.
If you’re still not satisfied with what you can expect to pay a Playa del Carmen real estate agent, consider all the costs you would incur if you chose not to hire a real estate agent. Remember that when you sell your home on your own you are responsible for paying for all kinds of advertising, paying for your home to be serviced, paying for legal advice, paying for copies, office supplies and documentation. You sacrifice money and time that could be saved if you didn’t have to spend so much time selling your property or looking for a new property. Consider time lost from work and time lost from family and friends because you are responsible for attending open houses, meeting with potential buyers, inspector reviews, etc. If you do not follow all the laws and register the proper documents, you may also face having to pay a large amount of money in a lawsuit. All the costs add up quickly.
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