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Monday, November 10, 2008

Selling Your Los Angeles CA Home

By A. Kim

Selling a home whether in Los Angeles, CA or elsewhere can be a very daunting task indeed. Certainly it can also be a very frustrating process and this is why most people tend to employ the services of realtor to sell their Los Angeles, CA home for them rather than doing it themselves.

If, however, you do intend to use the services of a realtor to sell your home you need to look closely at what they charge for doing so. There are a number who provide their services under a flat fee arrangement, whilst others will charge a commission.

But what you need to be aware of is that the commission rates charged by realtors can vary greatly from one to another. But generally they charge around 5% and this is then divided equally between the listing and selling broker.

However, as you will find with any commission based business the level of service each realtor offers differs as well. Although most of those who provide a high level of service will charge a high commission fee, this is not always the case.

As you look at the various adverts placed by realtors you need to read through it very carefully including the fine print. Although at the top it may say they charge 2.5% commission this is normally only the selling broker's fee, and as you look more closely you will see what the percentage is for the listing agent also.

Most realtors will have a set rate for the amount of commission they want clients to pay in some cases you may find that you can negotiate a new rate if at all possible. This is a good idea if you find yourself not needing to utilize all the services offered with their standard commission rate and do such negotiations before you sign any agreements with the realtor.

Plus don't just go with the first realtor you come across, but actually speak with several before you decide which one you want to sell your Los Angeles, CA home for you. This will help you to find one that will not only succeed in selling the home at a good price for you, but is someone you feel comfortable and happy working with.

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