Why don't you charge 5% or 6% to sell a home?
"After selling homes of our own, and not being able to negotiate the commission with agents, we decided to provide a better solution for our clients. Something we had always looked for."
We were told by a local Realtor that you are discount Realtors. What does that mean?
"The next time a Realtor says that, please ask them what they mean by Discount. I would be curious to hear the explanation! Our commission to list a home is 1% (that is what we make) and 2.5% commission goes to the Buyer's agent. The out-of-pocket cost to the Seller is 3.5%. Discounted in what we charge the seller, yet always full-service.
We need to Short Sale our home. Can you do that?
"Of course we can. We understand what it takes to handle your Short Sale and how to speak with the Bank and its representatives."
We have Realtors telling us that they have to charge 5% - 7% and cannot negotiate the commission. How can you negotiate?
"Many times new Realtors do not understand that they can negotiate a lower commission. Also, many Brokers do not want their agents to offer a lower commission because they need that income to support their large offices. Understand that most Realtors must give their office (Broker) 10% to 60% of their commission. We do not."
Are you a Help 2 Sell or Assist 2 Sell type of a company?
"No, we are not. The difference between us and other low commission companies is that we provide all paperwork, signage, advertising, negotiation, open houses. We are there for you in each step of the process."
Will you sell my home for 1% even if I do not purchase another home through you?
"We will list your home for 1% and you do not have to purchase a home through us."
What is Dual Agency? Click here for more information.
Some states prevent agents from representing consumers on both sides of the deal (the practice of dual agency is sometimes referred to as "double dipping" or "double ending"). The Realtor handling both sides gets both sides of the commission. The agent can also be referred to as a 'hogger', getting the 'prize' of both commissions. Many buyers believe that they will save money if they use the agent Selling a home, and some Realtors may cut a deal with the Buyer. Still, that Realtor cannot perform their fiduiary duty in representing both the Seller and the Buyer. The idea of Dual Agency flys in the face of fiduciary responsiblity of the Realtor.
A common argument by critics: "You wouldn't want your lawyer to represent the other side in a legal dispute." Think about that. The Seller and the Realtor will be the ones to face legal issues if the Buyer later feels they were not represented properly. We work for different brokers, so you do not have dual agency if we both represent.
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