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Understanding Flat Fee Realty
Should you list your home with a flat fee realty company? What could go wrong and why does it matter?
The truth is that if you want to save money when selling your house, you have many options.
For instance one of the options is to list with a flat fee realty company or a low commission real estate brokerage. That is good news!
You don’t have to do it the traditional or the old fashioned way.
Moreover, you have options and those options are good.
You just need to know how to make sure you are not wasting money hiring an inexperienced agent or falling victim to hidden fees. EEK!
People often wrongly assume that by listing with a flat fee realty company they will receive less in service from the agent. But that is not true!
Therefore you just need to make sure that you choose one carefully.
Look at their numbers, at their agent scorecard. How many homes did that agent sell last month? Last year?
Have they been in business long or are they new and practicing on you?
Do they have a presence in the market? Most importantly, numbers do not lie and they are easy to pull.
Many flat fee realty brokerages will still offer all the same assistance as a full service brokerage. Most importantly they will only charge you a fraction of the price for instance.
The key is to have a checklist to go over when interviewing agents. Moreover, if you need that checklist or information on how to pull the agent scorecard to go over just let us know. We will email it to you. It is vital to your financial future that you have a game plan. Therefore do not sacrifice money by just going with the cheapest flat fee realty brokerage upfront for instance.
There are a lot of hidden costs and back-end fees that like to jump out and surprise you. As a result, not all flat fee realty brokerages are created equal. Do your due diligence in vetting them and you will have a great experience.
Most of these brokerages are able to offer lower commission rates because technology makes it easier for the sellers’ agent to sell a home faster. There is also alot less effort needed on their part. Gone is the day of a binder with paper listing printouts!
Every person can search for homes from the comfort of any time or place they choose. Moreover, with most flat fee realty companies your home will be listed on all real estate website. This is exactly the same as when you list with a traditional agent. Buyers will find you the same way whether or not you are spending 1,2 or 3% to list it.
One of the biggest advantages of listing with a flat fee commission real estate brokerage is that sellers now have negotiation room. They are able to wiggle around in the listing price because they are not spending that extra money on the listing commission. As a result, they have room to be flexible and to make deals work that they may have not been able to before.
In conclusion, all of this means the seller has a great opportunity to save more money, and money matters. In other words, they are going to make the most money possible in their investment.