Welcome to SELL901 U!
Episode 1- Do you need a REALTOR® when you are buying a home?
Have you ever wondered exactly how the commission paid to a REALTOR® works when you buy a home?
Worried you can’t afford it?
Well, this edition of Sell901 U will explain a lot more about how that works!
Here’s some information about the key terms if you aren’t sure what they mean:
For Sale By Owner: Pretty much what it sounds like. The owner has decided not to use an agent to assist them in selling their home.
Co-op: This means the owner is selling the home themselves, but is willing to pay a commission to the agent representing the buyer.
Listing Agent: This is the agent who is helping the owners sell the home. They are the ones with the sign in the yard!
The MLS: Multiple Listing Service. This is the huge database of all the homes listed in the area.
It’s what REALTORS® and FSBO owners use to connect their home for sale to all the other agents in the area.