Sometimes you need to get some real estate help, you know it is going to take some time and effort for the real estate agent to do the job, and you'd actually feel better about it if you could simply pay for the service. Often, though, realty professionals are only paid by commission. You can ask one to do you the "favor" but in turn your business (or referrals) will be expected down the road. Not what you had in mind? Time to find an ACRE, who will consult with you on your special project, charge you appropriately, and there will be no lingering sense of obligation for a favor done.
Each state has different rules about charging for an opinion of value,
so it is possible that this may not be available in all states for a fee, but real estate agents routinely do a "comparative (or competitive) market analysis" for homeowners as part of a listing presentation.. Agents have software and solutions for providing this information to potential clients.
When a bank is taking back a home in foreclosure, agents perform BPOs, "Broker Price Opinions", which is much like a CMA, and they do this for a fee.
If you'd like to have a report with the probable buyer's value for your home, an ACRE can do this for you and can be 100% unbiased because the Consultant is being paid to simply provide you that report - "getting the listing" is not part of the formula so there will be no temptation to either inflate or deflate the price (which can sometimes happen when an owner is interviewing several agents: some will tell the sellers what they want to hear rather than what they need to hear).
Every seller is a "For Sale by Owner." Every buyer is a "do it yourselfer." It is simply a matter of how much of the work in a real estate transaction is contracted to a real estate professional. From none to the entire transaction. Or in industry speak, from the stereotypical FSBO for a seller to a "full service" listing.
WHY CAN'T THE CONSUMER HAVE BOTH?
In a recent article in RIS Magazine, Brian Buffini, founder and chairman of Buffini & Company made a very interesting observation: despite the fact that 80-90% of real estate buyers start their home search online, how many, when browsing homes online and finding one that they like, would actually go to the next step and click "Add to Shopping Cart?"
In real estate, quality is essential for keeping the most money in your pocket when you ultimately close. But should that mean that you are locked into paying by commission in order to get that quality? I believe the answer should be no.
Of course, after you have explored and weighed different options, based on your individual needs and comfort level, you may find, as many consumers do, that a traditional commission is the best choice for you. And that's perfectly fine. But you should make that choice because it's the BEST option, not because it's the ONLY option.