My Open Book

As those in the throws of choosing to acquire or sell a piece of property can tell you, the whole procedure can seem daunting. Many who seek the services of a professional real estate broker spend lots of sleepless nights struggling to discern who is taking advantage of them the most — the broker or the lender. The FTC information pack helps to sort it out.

You may want to click on the Homes for Sale story to read more about buying your first home.

The Federal Trade Commission makes available a great information pack that helps new home buyers or home sellers with some frequently asked questions about property. called “Selling Your Home – Tips for Selecting a Real Estate Professional”. The information pack focuses on the proper amount you should expect to pay for a real estate commission, the ins and outs of contracts as well as business models.

While the information pack is a bit short, with only a few pages, it does come with lots of great tips. In the portion on real estate charges, the information pack explains that six percent is the industry standard, it is not set in stone.

The information pack attempts to encourage potential customers to attempt to negotiate for a better fee, since the broker covets your business just as much as you want theirs.

You can request the information pack by visiting the FTC Web site at ftc.gov. When you are ready to buy or sell you may want to visit Properties for Sale site to get a great bargain on a new home.

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