Do you think real estate agents really earn their commissions?

Years ago my husband and I bought a home from people who didn’t have an agent-they sold it to us $29K under market value because they didn’t have the market knowledge and negotiating skills to get what they should’ve been asking.

As an agent, I understand that those “quick sales” sometimes feel like easy money to the seller-who is responsible for commissions. However, there are many that aren’t “quick sales” and each transaction holds heavy liabilities. It definitely pays to have a knowledgable representative who can make sure that you are protected througout the transaction. Keep in mind, a listing agent splits their commission with the buyer’s agent, so they don’t get the entire %.

There are times, I suppose, if you feel like you’d rather chance it and decide not to use a listing agent to save money, well-I can understand wanting to not have to pay someone. HOWEVER! As a buyer, it makes no sense not to have an agent-it’s a free service and it really pays to have an agent who knows the market and can be a tough negotiator on your behalf.

Also, understand that outside of the research we agents do, and the showing of houses, and of course contract negotiation-there are lots of things after putting a home under contract that we take care of dealing with legalities and your investment. You wouldn’t take out your own tooth would you? You need a professional to get the job done right.