I found my agent in a pretty traditional way. I asked my friends and family if they knew of any real estate agents, and they recommended me to a Realtor. She turned out to be wonderful, but I didn’t really shop around or try to find one online like I do for everything else that I pay for.
I’ve learned that this is how most people hire real estate agents. They only talk to one, and since it’s common to only buy and sell once or twice in a lifetime, most people don’t know the difference between a great or mediocre agent.
Hiring a great real estate agent is SO important. You don’t want to leave money on the table by hiring a sub-par agent.
I was recently introduced to a much better way to hire real estate agents. It’s through a service called UpNest.
Agents Compete – You Win
UpNest is a unique agent matchmaker because they have top local agents that compete to earn your business.
Think about it. Most industries compete to earn your money. Shoe companies will offer coupons and savings to stand out, tell you why you should buy their shoes over other ones, and you can comparison shop brands and shoe models on websites like Zappos.
Not all real estate agents are equal, and if you just speak to one agent like most people do, you can’t be sure you’ve chosen the best agent possible.
When agents compete, they will offer you their very best services and commission rates. You’ll be sure you’re not overpaying for services, and you’ll have the satisfaction that comes with comparison shopping.
UpNest Helps You Negotiate Commission Rates and Rebates
Real estate agents are paid on commission, a percentage of the total selling price of the home paid for by the seller.
6% is the typical commission rate that is traditionally held to. Depending on the final price, that can be a LOT of money.
For example, if you sell a home for $300,000, then a 6% commission will end up costing the seller $18,000! It’s no wonder so many people try to sell by owner to save on realtor fees. (Here are some good reasons you should NOT sell by owner).
This money goes towards marketing expenses, open houses, paying agents for their time handling paperwork, and just paying for time and expertise.
Most people don’t realize you can negotiate commission rates. The Department of Justice even encourages increasing competition through adjusted rates.
Negotiating directly with an agent can be very difficult and awkward, so you can just let UpNest do the negotiating for you.
UpNest recruits and prescreens top local agents to join their network of partner agents. These agents are willing to compete to earn your business, so they are more likely to charge you a preferred commission rate.
Home buyers can also save a lot of money through rebates. You just let UpNest know what your price range is, and they will locate a great agent that’s willing to give you a percentage rebate when you close on your home!
There’s No Risk
There’s no cost for you at all to use UpNest. Just submit your property address if you’re selling, and they will contact you to discuss what you’re looking for in an agent.
The UpNest team consists of professionals that know real estate in and out. They’ll help guide you towards picking the best agent possible.
You’ll receive 3-5 personalized proposals from top agents, and if you’re not satisfied with the quotes you receive there’s no obligation to choose an agent to work with.
Give UpNest a try! You’ve got nothing to lose.
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