A simple guide to real estate agent's fees & commissionWe know that trying to understand real estate agent fees can be a bit like assembling kitset furniture with instructions written in a foreign language, especially if you’re new to the house-selling game. But it needn’t be so confusing. We’ve pulled together these MyPitchlist tips to help you out. Primarily you should keep in mind that real estate agent fees and commissions always relate to the expenses involved in selling your property. School up on some of the other issues around selling costs, such as whether real estate agent fees and commissions are negotiable or tax-deductible, be aware of a few pitfalls to avoid, and you’ll be ready to take advantage of the real estate market.
The surprising truth about which season to sell your houseOne of the common misconceptions about selling real estate is that there is any better or worse time to sell a home. Generalising in this way doesn’t take into account the many varying factors about the season, the market, the real estate agent and the particular property that may influence the outcome of your selling campaign. So, when is the best time to sell? Sure, there are seasonal considerations, but by thinking about your property’s individual characteristics, you can maximise your profits in any season.
Real estate agent or private sale? The eye-opening truthYou may have heard friends or neighbours talk of ‘good luck’ stories about selling their property privately and saving tons of real estate agent commission. But is this always the case? The benefits of real estate agents’ local market savvy, their individual industry experience and that of their agency, along with their existing networks and knowledge base cannot be underestimated, and it’s impossible to know whether a private sale ever reaches the figure to which a professional real estate agent may be able drive it, so you may end up saving commission only to sacrifice it for a lower sale price. In NZ, just 14% of real estate sales were concluded privately in 2020, so you can feel confident you’re in the majority when you hire a real estate agent to do the job for you.
Sell the house? Keep the house? How to handle a divorceCan you divorce without selling the house? Can I force my spouse to sell the house if we get divorced, or can my spouse force me to sell, even if we don’t want to? Your house isn’t just bricks, mortar, weatherboard or steel; deep emotional connections often exist between a house and its owners which can complicate and strain the separation process. Here we outline some of the legal ramifications of divorce as they relate to your house, with some advice on how to handle your split to ensure the best possible outcome for you and your spouse as you go your separate ways into the future.
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