Archive for July 1st, 2010
Obtaining Real Estate Advice From the FTC
by Silvia on Jul.01, 2010, under Best Buys
As anybody in the middle of choosing to buy or sell a home can tell you, the whole process can seem daunting. Many who seek the assistance of a professional real estate broker spend endless sleepless nights attempting to determine who is taking advantage of them the most — the broker or the mortgage company. The FTC information pack helps to work it out.
You may want to visit the Homes for Sale post to read more about buying your first home.
The Federal Government will send you a free information pack that helps new buyers or home sellers with some frequently asked questions on the subject of homes. entitled “Selling Your Home - Tips for Selecting a Real Estate Professional”. The information pack 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 information pack is very slim, with only a few pages, it does contain a good many handy tips. Under the section about agent charges, the information pack explains that 6 points is the normal commission, it is not set in stone.
The information pack tries to nudge prospective customers to attempt to negotiate for a more favorable commission, since the broker needs your business as much as you need theirs.
You can get the information pack by jumping over to the Federal Trade Commission webpage at ftc.gov. When you are ready to buy or sell you may want to visit Properties for Sale site to get your best deal on a new home.
