Ian S
Thinks s/he gets paid by the post
We have purchased a new home and now need to sell our existing one. The flat fee type brokers seem to be a way to save on commissions. Looking at one local agent of this type (Flatfeegroup), they seem to offer a lot for a fee of $995. Of course, you still would pay a buyer's broker the customary 3%. Nice thing is if you sell it on your own, you save that commission too.
Our home is in a small patio home development that over the past year has seen turnover as older folks move into assisted care or downsize. There is one flipped and renovated home on the market at present. Ours would be the last of the units needing updating throughout coming on the market any time in the near future and would be priced appropriately. With the recent sales in the complex and others nearby, comps should be straightforward. I already have an offer from Zillow (pending inspection) so have an idea of a lower bound on price. I really don't see what going with a conventional broker would gain me when the flat fee guy would offer the following:
Our home is in a small patio home development that over the past year has seen turnover as older folks move into assisted care or downsize. There is one flipped and renovated home on the market at present. Ours would be the last of the units needing updating throughout coming on the market any time in the near future and would be priced appropriately. With the recent sales in the complex and others nearby, comps should be straightforward. I already have an offer from Zillow (pending inspection) so have an idea of a lower bound on price. I really don't see what going with a conventional broker would gain me when the flat fee guy would offer the following:
- Up to One Year, cancel anytime
- Local MLS Listing with up to 25 photos
- Post & Sign Installed
- All Contracts From List to Sale
- Make up to 7 Changes
- Zillow, Trulia & 400 More
- MLS box *Where Available*
- Email & Phone Support
- Comps and full Market Overview
- Full Offer Review w/ Seller
- Broker Negotiates All Offers
- Assistance with Escrow Docs
- Video Upload Possible
- Flyer pdf available no charge - Request
- Settlement Statement Full Review
- MLS Agent Activity Reports
- 3rd Party Listing Reports Included
- MLS Portal Included