The truth about real estate, whether you are buying or selling property is the fact that people have to go through a lot of clutter to determine the property which is best suited for them. When selling a property, this could mean the sale process dragging on for longer than anticipated and sometimes, this even leads to spending more on homes that could be worthless. If buying property, this could mean offers falling through and having to wait longer to own a home. MLS systems are quite new to real estate property management, but they hold the promise of making transactions easier for consumers. Here is what is important to know about Flat fee MLS Michigan from Reozom.
How much does it really cost to sell a house?
The cost of selling a house is not as little as many people like to think. First, if hiring a realtor to do it, expect that they will get about 6 percent of the total value of the home in closing costs. What this means is that if the home’s total cost is $600,000, owners should expect that $36,000 will go to the realtor. In addition to this, there will be other closing charges, which could amount to more than 2 percent of the total cost of the property. Finally, is the fact that they may also need to pay the brokers representing the buyer and since 93 percent of people buy through brokers, chances of having to pay one are very high. When homeowners make all these calculations, they realize that in cases where it could be possible, it would be best to get an alternative way to sell property as opposed to getting the realtors, and this is where MLS systems come in. Continue reading