I have NO clue why Realtors charge as much as they do to sell a house..
I am thinking about doing a programs that is :
I charged $500 upfront + (1/2) of 1% of the sales price (in addition they still are responsible for 3% buyers agent)
For example on a 300k home:
Traditional Cost: 9k (me) + 9k (buyers agent) + 5k buyers closing cost = 23k
My Way: $500 (upfront fee) + 1500 (1/2 of 1%) + 9k (buyers agent) + 5k (closing cost) = $16000
My way = Total Savings of 7k
Do you think people would consider this method?
The upfront fee would cover some my out of pocket expenses such as signs, electronic key’s, advertising etc
I did do a little research and there is someone in my state that does this but she her upfront fees are a little more . Although this month alone she got 98 new listings and since last year around this time she has gotten 958 total (not including the one’s that sold)
What are your thoughts?
Maybe I should have mentioned I am a licensed agent.
I pay my broker $85/month. For access to the two MLS services. My company also host my website (included in monthly fee), telephone, by the way the electronic key is a one time fee since I am a member of the MLS. I only have to pay for my personal key so show homes. Also my broker will only not more than 30%. My continuing education is FREE . My broker host clases 2-3 times a month for this
Our listings are sent out to over 750 websites (and counting).
Of course there would be a disclosure that states we cannot guarantee a home will sell but we will continue to try until it is sold.
please contact me through here if you have any additional questions…
I am only 20 so all the info I can get will help out a lot
Thanks
there are a couple companies in my state that does this but they really do not do much sales. Mainly because they are internet based and there is no physical office (besides the a real estate agent that does this on the other side of the state) and the other agents are not really "known" agencies I am with a nationally known company which i think will help
Check out http://Redfin.com and http://Ziprealty.com
They already have a discounted program that works.