Property Buying Wisdom From The Federal Trade Commission
As anyone in the process of deciding to acquire or sell a home can tell you, the complete procedure can seem impossible. Many who seek the help of a professional real estate broker endure many long nights trying to decide who is taking advantage of them more -- the broker or the lender. The FTC booklet gives advice to sort it out.
You may want to visit the Buyig your First Home article to read more about how to deal with homes for sale.
The Federal Trade Commission provides a useful booklet that presents new buyers or sellers with some FAQs concerning real estate. called "Selling Your Home - Tips for Selecting a Real Estate Professional". The booklet focuses on the proper amount you should expect to pay for a real estate commission, the ins and outs of contracts as well as business models.
While the booklet is a little short, with only a few pages, it does have many helpful tidbits. In the portion on the subject of agent charges, the booklet indicates that 6 percent is the customary standard, it is negotiable.
The booklet helps to nudge prospective customers to attempt to negotiate for a lower commission, since the broker wants your business just as much as you need theirs.
You can obtain the booklet by navigating to the FTC website at ftc.gov. When you are ready to buy or sell you may want to visit the Property for Sale site to get your best buy on a new home.
