When it comes to real estate, one thing is absolutely certain, it is either a buyers or a sellers market. Depending which side of the fence you are on, you want to get the best deal possible, and waiting out the market may not be an option for you. Before you jump in and take your chances, consider these three trends that effect real estate in 2016 and how you can benefit from them. So when you get ready to find real estate like Homes for Sale in Charleston SC, please visit our friends at Premier One!
The Real Estate Rebate
With more competition to get your business in the real estate market, many brokers have decided to offer real estate rebates to help sweeten the deal for their clients. These rebates often come out of the commission the agent was to earn, so it can be quite appealing to the consumer who is afraid that their profits will be eaten up by the agents cut. If you have plans to sell a home and want to get every dollar possible, be sure to talk with your agent about getting a real estate rebate if the house is sold.
Room to Negotiate
With the housing market appearing to finally top out in 2016, sellers are in a very unique position this year as they shop around for real estate agents to sell their homes. While utilizing the real estate agent will help ensure the listing price is competitive for the region, with more agents working now than in recent years you can actually negotiate the commission and secure even more money come closing. Informed sellers understand that the market could turn any day, so getting the maximum dollar now will put them in a great position to build that nest egg and have plenty cash on hand to jump into the market when the prices bottom out.
Introducing the Fee-for-Service Broker
More buyers and sellers are really becoming informed about the real estate industry this year. With so much information at their fingertips online, most consumers have already heard about the fee-for-service brokers. Both the sellers and buyers want to save as much as possible in fees associated with buying or selling a home, and the fee-for-service broker means you only are paying for the services you needed to complete your transaction. This appears to be a win-win for both sides and fast becoming a trend that may carry over to the next year.
These top three trends that effect real estate in 2016 are a clear indication buyers and sellers are more money conscious than ever. A better informed public means builders and brokers must up their game in this competitive market.