Sponsored by Purplebricks
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Is it possible to TRUST a real estate agent?
“we won’t budge on the price” and between them the real estate agent is lying to both sides. It’s little wonder Roy Morgan research shows only 7% of the population feel real estate agents are trustworthy. The agent needs to get the deal done quickly, collect a commission and move on.
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The truth about real estate agents commissions
Over the past year, with a few regional exceptions, the Australian real estate market has been on the slide. Choosing to sell through a real estate agent using an old-fashioned commission structure will cost you thousands. Depending on where you live and the agent, the commission could be anywhere between 1.5% and 3% of the selling price.
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Don’t appoint a real estate agent before you read this
If you plan on meeting an old fashioned agent, make sure you also meet with a flat-fee agent such as Purplebricks. One of the oldest tricks in the real estate playbook is suggesting your home is worth more than it really is. A couple of inspections later and the agent tells you everything potential buyers don’t like about your home, saying the buyers are pricing your home somewhere in the high $800’s.