You are on your way to making a major life decision.
Though it can be stressful, selling your home does not have to be difficult for you.
Listing your home
- Property valuations
- Hiring an agent
- Prepping the home
- Professional photography
- Listing your home
Negotiating and accepting an offer
- Coordinating showings
- Adjusting from feedback
- Negotiating offers
- Accepting an offer
- Home inspections
- Mortgage process
- Title process
The Costs of Going “For Sale By Owner (FSBO)”
Using an agent automatically offers widespread exposure for your listing through the Multiple Listing Service (MLS).
Furthermore, your agent will take care of all property disclosures and corresponding documentation to avoid future liability.
- FSBO homes could be priced incorrectly.
- Marketing your home online isn’t as easy as you think.
- You could overestimate (or underestimate) how much money to allocate on curb appeal.
- Showings are a drag.
- Paperwork can be tricky.
How Do Commissions Work?
The overall commission percentage is divided between the two brokerages.
How are commission fees determined?
Unlike many other industries, there are no set amounts for real estate commissions. The overall commission percentage is divided between the two brokerages.
You can typically expect to pay around 5-6% of the home’s sale price. If a Buyer’s Agent is involved, the commission is split between both agents.
Who pays the commission, and when?
The seller pays the commission fees to real estate professionals. The commission is negotiated up front in the listing agreement and only paid upon closing and funding.
What happens if the deal falls through?
In most cases, the answer is nothing. Your agent will only get paid if and when they’ve successfully helped you sell your home.
Why Choose MPP?
Knowledge of our local market.
Professional in every aspect of working with you.
We go above & beyond for our clients.
Physical office to meet, or come-to-you mentality. We make it easy for you!
Frequently Asked Questions
Are there any costs to selling a home?
- Closing costs – some of these costs may include property taxes, escrow fees, and title insurance.
- Home repairs – if the buyer’s home inspector finds problems, such as a leaky roof or bad plumbing, you may have to pay to fix those, as well.
- Mortgage payoff – this will be paid off at closing so that the mortgage company can issue a “lien release” on the property.
Whether it’s the cost to rent furniture for staging, replace broken cabinet doors or pay the agents’ commission, you’ll need to be financially prepared to pay up throughout the listing period and transaction.
How do you determine the value of my home?
As part of our services, we conduct a Comparative Market Analysis (CMA) that allows us to determine the value of a home using real market data. This ensures that we don’t overprice or underprice the home.
If priced right, your property will market itself through the MLS.
What's the difference between a REALTOR® and a Real Estate Agent?
REALTORS® are real estate professionals with an active membership in the
National Association of REALTORS® (NAR)
Meanwhile, the term real estate agent itself does not imply any particular trade association affiliation.
All REALTORS® are real estate professionals, but not all real estate professionals are REALTORS®.
When choosing your representation, choose a real estate professional you can trust and is dedicated to offering expertise and professionalism.
Why do I need an agent?
With an agent, your only job as a homeseller is to be ready to help answer any questions that may arise during the process. Your agent will handle the rest.