What Do Real Estate Agents Charge
Real estate agents typically dont charge a set rate to their clients, but rather earn a commission on the price of the final home sale. In traditional real estate, there is a buyers agent and a sellers agent. The two agents receive 5 percent to 6 percent of the final home sale price and split it evenly, meaning they each earn roughly 2.5 percent to 3 percent of the total home sale. If you are a home seller, you may have fees associated with the sale that are above and beyond the commission the agents earn. The real estate agent may have you pay marketing fees, MLS fees, early cancellation fees, or more. Always ask pricing details before signing a contract so you clearly understand your financial obligations. Here are some of the average costs that can arise when selling a home:
- Home inspection: $200-$350 or more, depending on region.
- Home appraisal: $250-$400 or more, depending on region.
- Professional real estate photography: $275-$550 or more, depending on photographer, square footage of house, and special requests like sunset shots.
- Closing costs: Often split between the seller and buyer. An average range for the buyer to pay is between 3 percent and 4 percent, with the seller paying a lower fee at 1 percent to 3 percent of the homes price.
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What Does A Property Surveyor Do
Property Surveyors, sometimes referred to as Land Surveyors, play a vital role in the real estate world. They are the professionals who determine or confirm the exact boundaries of a property.Will you need to deal with a Property Surveyor when you sell your home?You might.Sometimes the mortgage lender will ask …
How Do I Know If I Need Real Estate Agent
Are you trying to buy or sell your real property?
A professional real estate agent has the experience and expertise to guide you through the various steps of the real estate buying and selling process. They can smooth it out for you, so you just need to focus on choosing the right home to purchase or the right buyer for your property. The experts we send your way will take care of the paperwork and other details.
Are you thinking about buying your first home?
First time homebuyers need a seasoned real estate agent on their side to help guide them towards the best investment for their hard-earned money. You want a home that will appreciate in value and that is fairly priced. A local real estate agent can help you find that perfect starter home in a great neighborhood that works with your budget.
Are you new to the community?
It can be tricky finding the right place to live in a new town. Whether you want to buy a home or rent a place, a professional real estate agent can help you find the right location within your budget. Local realtors have unique insights into the best homes on the market or the best rentals that may not be advertised.
If any of these questions are relevant to your current situation, you need the help of an experienced real estate agent. If you’re uncertain about buying or selling, a realtor can help you make the right decision, and you can rely on their experience and knowledge to guide you through the entire process.
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What Does A Real Estate Agent Do
Real estate agents help their clients buy, sell, and rent commercial and residential properties. There are also real estate agents that sell industrial and agricultural real estate, but the majority sell residential properties. To become a real estate agent, you must be at least 18 years old, successfully complete real estate courses, and pass a real estate exam. Be sure to check for any required licensing, too. Often real estate agents will earn 5 percent to 6 percent of the total home sale price for their work in representing their client. Typically this commission is split equally between the buyers agent and the sellers agent. Here is an overview of what a real estate agent does, according to the United States Department of Labor:
- Represent clients who are looking to buy, sell and rent properties.
- Stay knowledgeable about regional real estate prices, mortgages, market conditions and related information, and advise clients accordingly.
- Determine competitive market prices by comparing properties.
- Create and publicize lists of properties for sale, including details such as location and features.
- Show prospective buyers or renters properties.
- Present purchase offers to sellers for consideration.
- Mediate negotiations between buyer and seller.
- Ensure that all terms of purchase contracts are met.
- Prepare documents, such as loyalty contracts, purchase agreements and deeds.
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A Rich History Of Resilience And Cultural Diversity
The Bronxs history is a testament to its resilience. The area transformed itself from a small network of farms into a railroad suburb featuring a unique freestyle street grid thats very different from the one seen in nearby Manhattan. During the 1960s and 1970s, the Bronx saw a decline in quality housing, due to widespread arson and abandoned neighborhoods. However, by the end of the 1980s, revitalization efforts were made, offering significant community improvements. Today, the borough still boasts a rich diversity and cultural history. The Bronx has a reputation for being the birthplace of hip-hop, with its musical legacy still shaping the modern musical landscape. Off-Broadway productions are popular among locals, and many talented performance artists still call the Bronx home. Several pop-up art galleries have made the area a go-to spot for art. The Bronx is also home to an up-and-coming food scene. Locals love picking up authentic Italian food on historic Arthur Avenue or catching fresh seafood in nearby City Island. A long-time center of Puerto Rican culture, the South Bronx offers some of the most flavorful and memorable Latin food in the city.
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Looking For Homes For Sale Or Rent In The Bronx Ny
The only New York City borough found on the North American mainland, the Bronx lies north of Manhattan and across from the Hudson River. The Bronx is home to several famous landmarks, including the New York Botanical Garden, Pelham Bay, and Yankee Stadium in Concourse Village. Visitors and locals also enjoy spending the day at The Bronx Zoo or passing lazy sunny afternoons at Orchard Beach. With its dynamic past and diverse cultural landscape, the Bronx has a lot to offer residents and visitors alike.
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What Should You Look For In A Real Estate Agent
When youre hiring a real estate agent you want to find a qualified pro who can negotiate the best deal for your home whether youre buying or selling. Reading reviews will help you weed out obvious bad operators you want to work with someone who treats their clients with fairness and respect. That said, you also want someone who can play hardball and maximize your real estate deal. Ask for references from recent clients, and be sure to call them.
Experts encourage you to interview more than one prospective real estate agent before hiring. A home sale or home purchase is a big deal sometimes the biggest deal in a persons life and you want to find an agent who will work hard for you. In todays market, having a real estate agent who is social media savvy and has an attractive online presence is critical. Ask the agent how they plan to market your house. Review their listings, and ask yourself if they have professional photos with homes that are professionally staged. If the answer is no, they might not have the marketing savvy youre looking for. Ask what price they would list your house at and why. Pay attention to how they communicate with you during your initial interviewing phase. Are they too busy to respond for several days? Are they clear and helpful? This information is a clue to how theyll engage during the entire process.
Exploring The Perks Of Calling The Bronx Your New Nyc Home
The ease of living a quality life, affordability, and a rich cultural diversity are often cited as the top reasons to move to the Bronx. Compared to other boroughs such as Manhattan and Brooklyn, the Bronxs average cost of living is certainly much cheaper, making it attractive to newcomers and retirees. Residents of the Bronx affectionately think of the Yankees as being their own home team since Yankee Stadium is one of its most famous addresses. The Bronx also has its own beach, which is something none of the other boroughs can boast. Orchard Beach is a great place to enjoy an outdoor picnic, a rousing game of volleyball, or a quick splash in the ocean to cool off and unwind after a hectic workday.
Getting around the Bronx is easy, thanks to the excellent mass transit system connecting it to the heart of New York City. Because its situated at a higher elevation than many of the other boroughs, you also neednt worry about flooding in your new residence. Finally, rich cultural diversity allows for world-class ethnic cuisine of all varieties for your dining pleasure, including Italian, Latin American, and West Indian dishes. If youre looking for the best suburban feel in New York City, you cant go wrong with calling the Bronx your new home.
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What’s The Difference Between A Real Estate Broker And An Agent
Real estate agents and real estate brokers both help clients buy, sell, and rent residential and commercial properties. According to the U.S. Bureau of Labor Statistics, real estate brokers are licensed to manage their own real estate businesses. Real estate agents cannot have their own real estate office and must work under a broker. Real estate brokers often have real estate firms and employ real estate agents. Those real estate agents may be employees of the firm, or they may work on contract and earn part of any commission they bring into the firm.
If you are a homeowner ready to sell or a buyer in the market for a new home, either a real estate broker or a real estate agent can help you achieve your goal. What is more important than their title is their track record and client success stories. When interviewing real estate agents or brokers to help you buy or sell a home, ask about their recent sales history as compared with the original listing prices. If youre selling a home, ask how they would market your home and what price they would list it at. Whether you hire an agent or broker, you want a professional who will have your best interests at heart.
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We make the process of renting, buying, or selling property as smooth and as straightforward as possible for our clients.
De Luca Realty Group can help you by performing a property and market analysis. If you are buying or renting, we will work tirelessly to locate the right property for you and your budget. If you are selling or listing rentals, we know exactly how to position and advertise your property to match you with the qualified buyer or renter. Plus, with De Luca Realty Group, we have many ongoing relationships that we may already have a client in mind.
Whether selling, purchasing, or renting an apartment, the team of well-trained and knowledgeable agents at De Luca Realty are standing by to provide you with exceptional service, information and advice.
Please feel free to contact us with any question, any time.
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If youre interested in seeing fabulous homes for sale or rent in the Bronx, NY, let OneKey® MLS be your guide. Our real estate listings online are comprehensive and are continuously updated with pending sales and closings. From Bedford Park, Belmont, and Mott Haven to Kingsbridge, Riverdale, Tremont, University Heights, and Woodlawn, we have something for everyone in these eclectic neighborhoods. Speak to a qualified real estate agent from our vast network today!
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