Selling your home is a big decision. You want to make sure you are getting the best possible deal on your home sale, and that includes getting the best possible commission rate from your real estate agent.
According to a poll of FastExpert agents, the average real estate commission in Indiana is 6%, slightly above the average real estate commission in the US, which is 5.5%. However, it is still average for any given major city.
But, commissions aren’t the only thing you should be considering when hiring a real estate agent. You want to make sure you are working with an experienced agent who knows the ins and outs of the industry, and who will work hard to get you the best possible price for your home.
At FastExpert, we can connect you with top-rated real estate agents in your area, who will provide you with a free, no-obligation consultation. Find the perfect agent for your needs, and get started today!
How to Negotiate a Lower Realtor Commission
Negotiating with a realtor over their commission is possible, but just know there are some tradeoffs you make in doing so. Here are a few things to keep in mind as you negotiate:
1. You may have a tougher time finding an agent willing to work with you.
2. The agent may not be as invested in selling your home.
3. Some agents may charge a flat fee instead of a percentage-based commission.
4. You may have to pay more out of pocket if you sell your home for less than the asking price.
5. You may not be able to take advantage of certain marketing strategies that could help sell your home.
6. You may have to sign a longer contract with the agent.
7. The agent may ask you to agree to a higher listing price.
Ultimately, it is up to you to decide if negotiating a lower commission is worth it. If you do decide to negotiate, be sure to do your research and have a solid understanding of the market before doing so.
The Responsibilities of a Real Estate Agents in Indiana
A real estate agent’s job is to act as a middleman between buyers and sellers. They are responsible for handling all of the paperwork and legwork involved in buying or selling a property.
In Indiana, real estate agents must be licensed by the state. To get a license, agents must take an exam and complete a certain amount of continuing education credits.
Once licensed, agents must adhere to a strict code of ethics set forth by the state. This code of ethics requires agents to act in their client’s best interests and to disclose any potential conflicts of interest.
Real estate agents in Indiana typically work on commission, which means they only get paid if they are successful in selling a property. Because of this, it is in their best interest to sell a property for the highest possible price.
How to Choose a Real Estate Agent in Indiana
FastExpert can help you find the perfect Indiana real estate agent for your needs. We offer a free service that allows you to browse the profiles of top-rated agents in your area.
When choosing an agent, be sure to consider their experience, credentials, and customer reviews. You should also make sure that they are a good fit for your needs.