How Working With Maine Realtors Can Save You Thousands

There is a misconception that Maine realtors don't get paid enough. This is not the case at all. In fact, many Maine realtors have commission rates that are less than what they would find in other states. If you have the opportunity to work with a commission rate that is lower than what you might find elsewhere you should grab it.

One of the best ways that Maine realtors can help their clients is to make sure that they are aware of the current mortgage rates and the type of mortgage offers that are available in the home sale market. Many buyers are currently confused about where to look for a home. As a realtor you will know how to help them select the home of their dreams by getting them in the right neighborhood and finding the perfect home for their needs. If you want to be part of the trend of Maine realtors who are starting to make waves in the home sale market consider becoming a mortgage broker.

A mortgage broker's job is very important. Brokers negotiate with the lenders to get lower commission rates on mortgages that the borrowers qualify for. If you are looking for a real estate market that is still experiencing significant movement there is no better time than the present to begin negotiating for lower commission rates. With so much opportunity in the Maine real estate market the future looks very bright for those who are willing to search for houses and then sell them for a profit. The lower commission rate that you get from negotiating with a lender gives you an edge over other Maine real estate agents who may be trying to get the same rates by purchasing properties and then selling them.

Getting a mortgage with a lower commission does not come without some risk. As a realtor you have likely shopped around the area for a home that meets your needs and has a reasonable price. You know that you are getting a great deal and the commission will be less than the national average. While the interest is probably lower in Maine than it would be in many other states, the reward is higher. Getting that first commission paid off is one of the best ways to make money in your new profession.

If you are already a licensed Maine realtor you can leverage your current knowledge and experience when seeking a home for your clients. Because the sale of a home is such a personal transaction there is often a lot at stake for both the parties involved. Working with a broker can mean a lower commission rate and a smoother transaction for all involved. The first time your client comes to you they will already feel the advantage in working with you over an agent who they had to pay to come to their house and they will know that even if you do save hundreds of dollars in commissions you will have that extra cash in your pocket to go back to your family and enjoy your new Maine home.

Working with a realtor in Maine does require some legal steps to protect the interests of both you and the buyer. Real estate law protects both the agent and the home seller. A lawyer that specializes in real estate can help you negotiate the contract, protect the listing agent's name, and work towards establishing a payment schedule that benefits both parties. When it comes to negotiating a listing contract most buyers feel more comfortable dealing directly with the seller. However if you are able to get a seller to lower their real estate closing costs this can create a competitive edge for you. While you may be able to save hundreds of dollars by working directly with the seller, most buyers will not see this as an advantage because they feel they were taken advantage of in some way or another and believe by working directly with the seller means they will save money.