Peggy Kelly’s Post

When co-listing a property with two Realtors, it is essential to consider the following factors. Firstly, each Realtor may have a different commission rate, resulting in varying shares of commission owed to them and your ex-spouse's Realtor. It is crucial to establish a clear agreement regarding this matter. Additionally, a decision needs to be made regarding which Realtor will assume the lead role in the sale. The designated lead Realtor will place their "For Sale" sign on the property's lawn, although in some cases, there might be two signs. They will also serve as the primary point of contact for all Buyers' Realtors, handle offer submissions, and manage the purchase deposit. Regardless of the lead Realtor, both Realtors should have access to the property for viewing before listing it. It is important to keep both Realtors informed about all relevant information concerning the sale, such as the number of showings and feedback received. The ultimate objective for both Realtors is to satisfy their respective clients in terms of the desired selling price, closing date, deposit amount, and other related aspects. Each Realtor will negotiate in the best interests of their own client. In summary, effective communication, transparency, and mutual understanding between both Realtors and the property owners are crucial for a successful co-listing arrangement.

Hello everyone! Today, I wanted to discuss something that many of you ask me about - Real Estate Agent Commission. In the world of real estate, agents work hard to help you buy or sell your home. To compensate for their services, agents receive a commission, typically paid from the proceeds of the sale at closing. This commission is generally split between the buyer's agent and the seller's agent. Each of these agents then often splits their part of the commission with the brokerage they work for. So, it's not just one person walking away with the entire commission. The value provided by your real estate agent far outweighs this cost. They negotiate contracts, handle marketing, assist with pricing, conduct open houses, liaise with other professionals involved in the process, and guide you from start to finish. It's their professional expertise and time-saving benefits that you're paying for, leading to a smoother, less stressful transaction. Remember, every agent operates differently and fees can be negotiated. Make sure you understand the terms before signing any agreement. If you have any questions or need help navigating this complex process, feel free to reach out. I'm here to help! #RealEstate101 #CommissionExplained #RealEstateAgent #RealEstateTips

4 Things That Are Hard for Real Estate Agents to Prove to Sellers… Until It’s Too Late 1) The First Offer Is Probably Going to Be Your Best Offer More often than not, if a seller passes on an offer hoping for a better one to come in later on, they regret that decision because they end up receiving lower offers. 2) Overpricing Your House Can Cost You Whether it’s just wishful thinking, or building in some “wiggle room” to be able to negotiate, many sellers opt to list their house for higher than their agent recommends. Rather than fetching a higher sales price, overpricing often leads to a house lingering on the market far too long. This, in turn, makes buyers think something is wrong with it, which leads to less demand and lower offers. 3) You’ll Lose Money if You Sell Your Own House Selling your own house in order to save thousands, if not tens of thousands of dollars in commission, sounds pretty appealing… until you learn that not using a real estate agent can cost you tens of thousands in profit. In fact, a recent survey revealed that people who sold their own house were three times more likely to say they lost money on the sale of their house than those who worked with an agent. 4) Timing the Market Is Almost Impossible Selling your house at the peak of the market is fantastic, but trying to time it (i.e. waiting to list your house when the market has peaked) is virtually impossible. While it may sting a little to sell your house only to see values rise even more in the near future, it certainly hurts a lot less than waiting and having to sell your house for less than you could have months before!

Today More Than Ever, Real Estate Agents Are Worth It Because of the Number of Offers We Generate Which Creates Competition Between Buyers & Drives Up Sale Prices! Click for more details in this short read.

Are you confused about the difference between a buyer’s agent and a listing agent? I'm here to help! As a real estate expert, I can break down the difference between the two and help you make the best decision for your next purchase. DM me for more details! #RealEstate #BuyersAgent #ListingAgent

💰Are you looking to buy a home but not sure what the difference is between a buyer’s agent and a listing agent? Let me help you...I'll explain. As a professional real estate agent / mortgage broker, I can help you understand the differences and make sure you’re getting the best pos...

Understanding the dynamic roles of Real Estate Buyer Agents and Seller Agents is crucial in navigating the real estate landscape. 🏡🤝 Discover the differences, benefits, and how each agent works to represent your interests. Connect with clarity today. Click the link below: https://ow.ly/naxZ50Quhr0 #RealEstateInsights #BuyersAgent #SellersAgent #realestate