My Open Book

As everyone in the throws of deciding to purchase or sell a home can tell you, the entire business can seem impossible. Many who enjoin the help of a professional real estate broker spend endless long sleepless nights working to discern who is taking advantage of them more — the broker or the mortgage company. The Federal Trade Commission booklet gives tips to sort it out.

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

The Federal Government publishes a wonderful booklet that familiarizes new buyers or property sellers with some often asked questions about homes. called “Selling Your Home – Tips for Selecting a Real Estate Professional”. The booklet 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 booklet is relatively brief, with only a few pages, it does contain a good many great pieces of information. Within the portion dealing with agent fees, the booklet explains that 6 percent is the industry standard, it is not set in stone.

The booklet helps to prompt potential clients to attempt to negotiate for a lower fee structure, since the broker desires your business as much as you need their help.

You can order the booklet by visiting the Federal Trade Commission site at ftc.gov. When you are ready to buy or sell you may want to visit Properties for Sale site to get an excellent bargain on a new home.

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