Real Estate
Since its settlement in 1706, Albuquerque, New Mexico, has grown into a metropolis of over 700,000 people. The Sandia Mountains tower over one side of Albuquerque, while the Rio Grande Valley stretches out from the opposite side. The history and Southwestern culture of New Mexico add flair and flavor to the industry and economic progress of the city.
Do you really need all the services provided by a real estate agency firm? Do you believe that your home can sell on its own simply by being placed in the Multiple Listing Service? If so, then an Albuquerque discount real estate is of benefit to you.
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| Population 448,607 | Median Age 34.9 yrs | Household Size: 2.40 |
| Avg Commute: 20.4 min | Avg Income $38,272 | Avg Home Value: $127,600 |
| July High: 91.5°F | January Low: 22.2°F | |
Albuquerque Discount Real Estate
The standard fee and commission rate of a full service real estate agent is about 6-7% when you receive all the services provided. A discount real estate agent, however, offers many different services, but you as a customer choose one and pay a lower flat fee or commission rate. (The commission rate and flat fee do depend on the value of your home.) Most customers choose to only list their homes in the Multiple Listings Service (MLS) and do the rest of the work without an agent.
Doing the rest of the work without an agent does sound like a lot of work to do, but if you believe that your home will be popular and attractive to buyers in the market, then it will be more convenient to you to do the work on your own. Luckily, there are some discount agents who will do a little more than just list your home in the MLS. Once you have a potential buyer, the agent will advise you on what you should do and what will happen.
The market condition in Albuquerque is excellent. There are high demands for homes in Albuquerque, which is more encouraging for you if you want to hire a discount real estate agent. The average sale price of a single-family home averaged $194,239 with a stay of 37 days on the market. There was a 13.5 percent increase in the market since 2004. With the market doing exceptionally well, there is a higher demand for homes.
In order to get started, call different real estate firms in Albuquerque and inquire whether they have a discount real estate agent. After you have found several potential agents, interview each one personally. Don’t just do it over the phone because you may get a better first impression by meeting the agent. Find out exactly the flat fee or commission rate that you will be paying. Understand exactly what kind of services will be done and what will not be done and find out the charges for each. Have the agent describe an example of the process of selling a home. The most popular service requested from discount real estate agents is listing your home, so make sure that the agent will be list your home on the MLS.
Just because you are not paying the same fee as you would to a full service real estate agency, don’t expect that you won’t be receiving the same quality of service. You are still paying a fee for the service chosen, so you should expect top quality service. The only difference between a discount real estate agent and a full service real estate agent is that you are only requesting one kind of service for a smaller fee, so this should be met with quality treatment.
Hiring an Albuquerque discount real estate agent will encourage you to become more involved in the process of selling your home. You will receive hands-on experience in the real estate market and get the security of knowing that you are handling the process. Trust your instincts!
By Angeliki Hristakos
A REALTOR® is a real estate professional who is a member of the National Association of REALTORS®