The pros and cons of buying a home without an agent

These days, we’re hearing from a greater number of younger buyers who believe they can handle the home buying experience entirely on their own, with the help of the Internet. Often, these buyers (mistakenly) believe they’ll save money by purchasing a home without an agent, because the seller will only pay a half commission, instead of the full commission.

That just shows ignorance of the process. Sellers who have listed their homes generally pay between 4 percent and 6 percent of the sales prices as a commission to the listing agent. The listing agent, in turn, typically pays the buyer’s broker around half of the total commission. No buyers agent means the listing agent doesn’t have anyone to share in the commission. So, unagented buyers unwittingly allow the listing agent to pocket the entire commission.

Unagented buyers make other mistakes in the process that can cost them money, like not

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Three Truths You Must Understand Before Becoming A Real Estate Agent

Vice President and partner of Garrett Realty Partners, Collin has conquered real estate in just 13 years as a realtor, trainer, mentor. 

Day in and day out, millions of people browse internet real estate sites like Zillow, Trulia, Realtor.com and others and tune into homebuying and renovation shows. Looking at houses and critiquing them virtually could actually be considered a hobby for many, but when you throw in the many real estate-related TV shows that make the work look easy, we end up with a groundswell of people who begin to consider a career change into the real estate industry.

Of course, there is nothing wrong with transitioning into this career field if you fully understand what you are signing yourself up for and come prepared to work hard. With that said, here are some raw truths to consider before starting your career as a real estate agent.

1.

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Buckingham Palace FOR SALE? Royal residence listed by estate agent for EYE-WATERING price | Royal | News

Buckingham Palace is the London residence and the official headquarters of the British monarch, who is currently Queen Elizabeth II. The stunning building, which is located in the City of Westminster, is over 300 years old and an online estate agent has estimated just how much the historical building is worth.

Online estate agent Emoov has featured Buckingham Palace on its website, giving the appearance the Palace is up for sale.

The details of the property state it features 240 bedrooms, 19 state rooms, 78 bathrooms and has a freehold tenure.

Key features of the Palace include its close proximity to Victoria mainline station and that it has its own swimming pool, doctor’s surgery and gated security.

The description also makes a joke at the famous changing of the guard, by stating: “Every now and then, a few guards like to swap places.”

But before anyone gets too excited, the

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Do You Really Need A Real Estate Agent To Sell Your Home Right Now?

Andrew Fortune is the owner and managing broker of Great Colorado Homes, a digital real estate brokerage in Colorado Springs, CO.

Right now, many real estate markets around the country are experiencing a lack of inventory. In some cases, the supply of homes for sale simply cannot keep up with the demand from homebuyers.

For example, in Colorado where I’m based, there was a 51% decrease in available single-family homes on the market this August, compared to the same time last year. That kind of shortage can cause panic-buying and quick sales.

If you’re in a market where homes are selling within minutes, you may be asking yourself if you really need a real estate agent to sell your home. It’s a question that needs to be asked from time to time. Why can’t you put your own home online and sell it without an agent? Maybe you

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