Real estate is among the industries who are stepping up with their online marketing. According to the National Association of Realtors (NAR), about 84% of home buyers and sellers maximize the internet as a marketing strategy. Those who are relying on realty magazines and books and television for selling and hunting homes are decreasing in numbers.
Buying or selling real estate in today’s market requires a bit of know-how. Here are some tips for buyers, sellers and owners.
Many real estate buyers and sellers are wondering how the real estate market will fare in 2010. The predictions highlighted in this article would definitely help them. The real estate market predictions made here cover the wide region of the United States of America and Canada.
I’m not going out on a limb when I say that most buyers and sellers don’t know whom their agents represent. They don’t understand dual agency, nor do many know why agency relationships are important because zero attention is drawn to agency.
Sellers agree to pay a certain commission to a listing agent. Whether that agent ends up dividing the commission with another agent isn’t a huge concern for most sellers because the seller typically shells out the same amount of cash for dual agency as for single agency.
Since the seller generally compensates the buyer’s agent, most buyers aren’t concerned with agency relationships, either. Buyers reason they’re not paying the fee, even though they are because it’s absorbed within the sales price.
Here’s an eye opener for you:
Dual agency isn’t about who ultimately pays the fee.
I propose most people would want their own agent to solely represent them. However, that’s not how it happens half the time and few realize the rights they sign away when they agree to dual agency
. . . read more about dual agency.
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Is Dual Agency Right For All Home Buyers and Sellers? originally appeared on About.com Home Buying / Selling on Wednesday, January 27th, 2010 at 05:00:06.
This is the third in a series of three articles warning home buyers and sellers of the main tricks estate agents use to get hold of your money. The aim of these articles is to help you avoid being fleeced by your estate agent.