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What To Expect From The Flat Fee Realtor Chicago Home Sellers Are Considering

By Shirley Parker

When you decide to sell your house, you have a lot of decisions to make. One of them is whether to try to sell it yourself or list it with a real estate agency. If you take on the job yourself, you will have to advertise, plan open houses, get legal contracts, and negotiate with potential buyers. If you opted for a real estate agent in the past, you would probably owe a hefty commission at closing. Today there is an alternative. Illinois sellers can hire a flat fee Realtor Chicago experts recommend.

A lot of people are afraid paying less will mean they won't get the time and services of someone working on a commission. This is a good question to ask the agent at the first meeting. If you decide to go this route you should expect someone to keep you up to date on the progress of your sale. This person should pull comparable sales and help you set the purchase price based on them.

Once you have agreed upon the terms, your agent will go over the listing contract with you, answer any questions, and have you sign it. The real estate agent may have some suggestions about how you can stage your house to make it more attractive to potential purchasers. This usually involves removing any clutter, taking down personal photographs, and possible removing some excess furniture to make the rooms look bigger.

The company will provide a for sale sign that includes phone numbers and web addresses. The company will install a lock box if the house is empty. The real estate agent will have a representative take pictures of the outside and the interior of your house, being careful to present it in a positive way.

A big advantage of having a real estate agent is the ability to put your property on their multiple listing service. This lets all the other agents know about the property and gives them an opportunity to show it to customers. Your agent may decide to set up an open house so that a number of house hunters can tour the home.

Your agent will present any and all formal offers made on your house. It is important to go over each offer carefully and consider any amendments or stipulations a buyer wants to add to the original package. You can accept an offer without revisions, make a counteroffer, or turn it down. The agent can offer suggestions based upon experience, but the decision is yours.

After finalizing the transaction, you will have a closing scheduled. Closings usually take place within sixty days of the contract. Closing statements can be requested in advance for your convenience. Most times the agent accompanies the client to the closing.

Selling a house on your own can be complicated and time consuming. Paying a commission to a broker will reduce the profits from the sale. Hiring an agent who charges a flat fee takes the burden off you and keeps money in your pocket.

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