People always ask me: you must be one of those new limited service discount companies or something.
I laugh and say yes and no. I am certainly not a limited service company. The last thing I wanted to do was providing less service to my clients. Actually i wanted to bump that up a notch.
Most people like the idea of paying less but they do not want to leave the comfort zone of having a Realtor who takes care of everything for them.
The traditional Realtor flat fee realtor 3 Percent Realty
Charges 6-7% commission $2000-$2500 3% +$500
commission offered to 3% nothing unless it 3%
other realtors(co-broke fee) is no flat fee
Marketing 25% of realtors marginal 100% of realtors
how much money spent and where? ask them marginal min $500 in 3 months
In MLS? Yes not for $2500 yes!
Ok the flat fee realtor gives you options and so does 3 Percent Realty. Our options and how it all works you can find on our web site www.only3percent.com.
The system of the flat fee realtor I will explain.
The typical flat fee realtor charges a flat fee which gives you a sign in the yard, they will handle your paperwork, give a brochure box, put you on their website and give you a little printed advertising.
You are not in MLS because they cannot afford to pay a co broke fee out of the fee (lets say $2000 in this example) they receive from you. On a $100000 home the typical cobroke fee would be 3% or $3000 .
If you wish to be in mls the $2000 will change into a 4.5-5% commission. They offer 3% to a co- broker and take the rest themselves. If they sell it themselves their fee is still only $2000. In general their marketing efforts stay pretty much the same. Doesn't sound too bad does it.
Will they try to sell your house? I will let you be the judge.
If they sell the home in our example they get their $2000.
If they sell buyers another home that is $100,000 they will receive 3% from the buyers agent more than likely. which is $3000.
Which house will they more likely sell? The higher dollar the home the bigger the difference!
I wrote this to explain the difference between a flat fee realtor and 3 Percent Realty.
We are more similare to a traditional type realtor but are willing to take a lot more risk and take our chances.
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