When moving, it’s a good idea to compare fees from various agents and their commitments/strategies for marketing your property and closing the best deal. You need to find the right person, at a price you’re comfortable paying. But when you’re analyzing costs involved in transition services, the comparison is a little more complex. Transition service is a “one-stop shop” approach to moving; with a return proven in decreased stress, faster sales, and maximized sale prices. It is much more than the selling and buying of property, and it is a mistake to compare the costs as such.
Typical Real Estate Fees
Real estate fees are paid by the “seller”; and they are generally agreed upon in advance as a percentage of the final sale price. It is not uncommon to pay 5% (although somewhat negotiable), which is split between the seller’s and buyer’s agents. On $100,000 this works out to $5,000.
The agent’s services involve:
- Assessment of property value to generate listing price
- Detailed information sheet
- Photos for online listing
- Filing listing on MLS
- On-call service for buyer agents to request viewing (lock box will go on door so that you do not need to be there)
- Marketing property through local newspaper, and online site(s)
- For Sale sign and Open Houses
- Paperwork involved in sale agreement
Listing a House Doesn’t Guarantee a Sale, at Least Not for the Best Price
If you own real estate, then you are well aware that every penny you can squeeze out of the sale matters. Buyers, ready to make the biggest purchase in their life, want something that looks well cared for, up to date, and ready to move into. This means you (likely) need to spend money to make money. And it’s well worth it.
- Curb Appeal (outdoor work to generate interest at first glance)
- Fix-it Jobs
Finding quotes, hiring, and supervising (or doing the work yourself) is a major time commitment, not to mention hassle. Transition service providers understand this, and incorporate all of this, and some, into the package deal of selling the property. They contract the work, and you relax (or house hunt). And after the house is sold, and it’s time to pack up and go – they do that too. It’s an all-in approach to moving. And it actually doesn’t cost more than all of the individual services tallied together.
Transition Services Savings
Most of us have heard the claim that moving is one of the most stressful events in a person’s life. And it is; but what makes it so stressful? Is it the actual listing of your home? Or its staging and preparation, like painting, gardening and renovating? Is it your concern about getting market value? Packing? Moving?