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When you hire Ethan Dozeman to sell your house in Grand Rapids you sign a contract to sell the house, and your house is "listed." Locally, most of these are exclusive arrangements, meaning the sale of the home will result in the Realtor getting paid.
A multiple listing service (MLS) is what it sounds like - a collection of thousands of listings in one database. The service allows me to see what's available throughout the Greater Grand Rapids area including Homes for sale in Kent County, Allegan County, Ottawa County and outlying counties including, Montcalm County, Ionia County, Muskegon County, Newaygo County, Barry County, Kalmazoo County and all Homes for sale in West Michigan . Moreover, such Internet sites as Realtor.com offer nationwide listings, exploding the power of the Grand Rapids Association of Realtors MLS.
The advantage of the Grand Rapids Association of Realtors MLS is exposure. By letting a large number of people know about your home, you are more likely to get a good price for it in a reasonable amount of time.
But is it worth 6 - 7 percent? Sellers pay the entire 6 percent or 7 percent commission on the sale of a home, which consumes $12,000 of the profit on the sale of a $200,000 home. So, is it worth it?
Who Pays the Commission? Besides, the commission is really paid by the buyer. How can that be possible? It winds up in the seller's column on the settlement sheet, but buyers pay commissions in a certain sense.
In a similar way, the 6 percent or 7 percent commission is really built into the price of the home. Because Realtors' fees are such standard practice. A 6 percent commission probably was included in the price of your house when you bought it 10 years ago. Now you are selling it, probably for a fair bit more, and that 6 percent is still built into the home's value and price. And it is the buyer who pays that price, which includes the Realtor's fee.
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THE TRUTH! ABOUT REALTORS. GRAND RAPIDS, MICHIGAN
You are selling your home in Grand Rapids and or West Michigan, and you want to get the best price so you can maximize your profit. Do you need a to use Ethan Dozeman? Can't you sell it yourself and save on the commission? If you are considering selling your house in Grand Rapids on your own, or are wondering if it is really worth the 6 - 7 percent to hire a Realtor, then this FREE REPORT is a must read for you.
Ethan Dozeman 616-292-7329
What's an MLS?
It's best to have Ethan Dozeman on your side who will coach you through the process, be your advocate in negotiations, advise you on preparing your home for sale - and provide access to the most powerful home-selling tool of all. That tool is the database of homes for sale in Grand Rapids, locally called the Grand Rapids Association of Realtors or the MLS.When you hire Ethan Dozeman to sell your house in Grand Rapids you sign a contract to sell the house, and your house is "listed." Locally, most of these are exclusive arrangements, meaning the sale of the home will result in the Realtor getting paid.
A multiple listing service (MLS) is what it sounds like - a collection of thousands of listings in one database. The service allows me to see what's available throughout the Greater Grand Rapids area including Homes for sale in Kent County, Allegan County, Ottawa County and outlying counties including, Montcalm County, Ionia County, Muskegon County, Newaygo County, Barry County, Kalmazoo County and all Homes for sale in West Michigan . Moreover, such Internet sites as Realtor.com offer nationwide listings, exploding the power of the Grand Rapids Association of Realtors MLS.
The advantage of the Grand Rapids Association of Realtors MLS is exposure
How can a sign in your yard and some ads in the newspaper compare with thousands of Realtors seeing your house for sale, in that database? How are all the potential buyers working with buyer's agents going to find out about your house for sale in?The advantage of the Grand Rapids Association of Realtors MLS is exposure. By letting a large number of people know about your home, you are more likely to get a good price for it in a reasonable amount of time.
But is it worth 6 - 7 percent? Sellers pay the entire 6 percent or 7 percent commission on the sale of a home, which consumes $12,000 of the profit on the sale of a $200,000 home. So, is it worth it?
So, is it worth it?
Well, what if you didn't sell the house at all? You might try in vain month after month to sell, and miss out on that great home you wanted to move up into, just so you could save a bit. Worse yet, you might buy that perfect house assuming you would sell yours soon and wind up paying two mortgages for awhile.Who Pays the Commission? Besides, the commission is really paid by the buyer. How can that be possible? It winds up in the seller's column on the settlement sheet, but buyers pay commissions in a certain sense.
Consider this:
Consider this: An automotive manufacturer sells cars to dealers, who then sell them to consumers. Consumers pay for the car, plus they pay the dealer. The dealer's profit is built into the price listed on the window. This practice is so common, we don't think we are paying the cost of the car plus the dealer's profit. We just consider the price vs. the value of the vehicle and, after a little negotiating, pay for it.In a similar way, the 6 percent or 7 percent commission is really built into the price of the home. Because Realtors' fees are such standard practice. A 6 percent commission probably was included in the price of your house when you bought it 10 years ago. Now you are selling it, probably for a fair bit more, and that 6 percent is still built into the home's value and price. And it is the buyer who pays that price, which includes the Realtor's fee.