When the time comes for you to move to a new home, your first objective will be selling your current house. You can sell it yourself or hire a real estate company to help. If you choose to go with a professional, you might come across two different types. The first is a full-service real estate agent, and the second is a discount agent. Are these the same? If not, what are the differences? Continue reading to understand the differences in these agents before you list your home for sale.
The Services Each Type Offers
As you can imagine, the services that each type offers vary. A full-service real estate agent is one that helps you with every step from start to finish. When selling a house, a full-service agent helps you prepare the house. They take pictures of the home and advertise it. They work with buyers who want to see the home, and they help with the negotiation process. They also assist you with the steps required for closing. You will have someone assisting you throughout the entire process when you hire a full-service agent.
When real estate companies offer discount services, they generally offer fewer services in exchange for the lower rate. While the services vary, most discount agents only do a few things. The main thing they do is the advertising for the home. They might also help you write the listing, but they do not assist with most of the other steps.
The Costs of the Services
The second difference to know about is the costs for each type. Most full-service real estate companies charge commission rates around 6% of your home's selling price. Some charge more than this, though. When you sell your house, you pay this rate based on the home's selling price. A discount agent might charge 1% to 3% for their services.
The Differences for Sellers
As you can see, there are some big differences for sellers when hiring these types of agents. If your main goal is to save money, you might want to hire a discount agent. If your main goal is to sell the house with the least amount of work and stress possible, you should hire a full-service agent.
A full-service agent is not the same as a discount agent. Knowing these differences can help you select the right type for your home sale. You can contact a real estate company to learn more about the process.
