The struggle continues regarding Real Estate Commissions. Sellers want to save money but don't want to sacrifice service. To acheive this there has to be consideration given to all parties to the real estate transaction.
Firstly the seller has to save. That means lower total commission charges than what is now "typical commissions".
Secondly the seller wants full service including MLS® listing.
Thirdly there has to be consideration given to the person I believe to be most critical in a real estate transaction and that is the person who brings the "BUYER". They provide experience and knowlege and often influence the "BUYER" in the buying decision. The "Buyer's Agent" deserves their compensation. They earn every penny.
Fourthly the listing agents need to be able to earn a living.
Team 3000 Realty Ltd has developed a winning formula.
First: The seller saves thousands because they charge a flat fee for listing of $3000 no matter the property value.
Second: The seller gets the same service and maximum number of showings because Team 3000 Realty Ltd recommends that the seller offers a "typical commission" to the person bringing the buyer( The Buyer's Agent)
Third: They respect the Buyer's Agent by recommending that they receive a competitve commission.
Fourth: Our Agents usually live and work in the same area. This allows them to save on costs and offer full service to the Seller while passing on the savings. Their listings sell faster and for more money. Therefore they get more listings and do more sales volume.
Sellers who feel they are paying too much in commissions, are also worried about listing with discounters.
Some people suggest that if you do not offer a fair commission to the Buyer's Agent then you will not receive the maximum number of showings. This is a question that the seller must answer for themselves.
Team 3000 Realty does not have this worry as they respect the Buyer's Agent. Their recommendation is to offer them "typical commissions"
This "Hybrid Commission" approach is a winner!
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