The idea of saving money on commissions when you want to sell your home is appealing. Real estate agents that offer one percent commission will quickly catch your attention and entice you. But, is a one percent listing agent the ideal choice for you? Can they help you save money and effectively advertise your property?
Typically, a seller will collaborate with an experienced realtor to guide them through the difficult process of selling a home. The seller is responsible for paying the agent a share of the final sale price for the house, typically between 2.5% and 3%. Sellers are also accountable for paying a percentage of the buyer's Realtor.
The conventional method is a great way to save money, particularly in markets where houses are sold quickly and at a price close to the price of the listing. The market 1 Percent Lists Advantage, 118 Main St, Fort Mill, SC 29715, 803-431-0768, https://www.1percentlistsadvantage.com/ for real estate is constantly changing and evolving with new trends. The advent of technology which assists agents in streamlining their processes and leveraging opportunities for marketing has made it possible for sellers to collaborate with cheaper real estate brokers. Homeowners are increasingly choosing the 1% listing model.
But, do these brokers in fact better than the traditional 6 percent brokers?
To to answer this question we've looked at how the models of 1% brokers work and the kinds of services they provide. We have also looked at the past of real estate brokerages and their commission rates, and also the national standard for commissions in 2015.
The answer will depend on the reputation of the broker expertise, experience and level of service. It is vital to remember that even though a one percent broker will offer a lower commission rate than traditional agents, they are still legally required to offer the same level of service. A 1% broker might not fully benefit from the most recent tools and technologies agents have access to improve their service.
The best method to determine if a 1% listing broker is the best fit for you is to speak directly with them. Take note that a majority of these brokers are brand new and do not have the established reputation or experience of established companies such as Redfin and Assist-2 Sell. It is vital to examine your options before you make any final decisions. The positive side is that there are a number of top 1% brokers that you can choose from which include SimpleShowing as well as Houwzer. Both brands provide an all-inclusive MLS listing with a one percent flat cost that is a substantial savings over a traditional 6% commission. Both services likely be accompanied by compromises in service quality, as they're limited in geographical availability and require a huge volume of listings to meet the cost-saving goals. This may result in lower quality of service to customers, as well as less hands-holding throughout the process.