When you are looking to sell your house, the thought of saving money in commission fees can be appealing. Real estate agents that offer a 1% commission will certainly pique your interest. But is a 1 percent listing agent the best option for you? Do they really reduce the cost of your purchase and will they be effective in marketing your property?
Typically, sellers have a professional Realtor to help them navigate the complex selling of a home. To pay for their work and efforts, the seller should be able to pay the agent a percentage of the property's sale value, which is usually between 2.5 3 percent to 2.5. In addition, the seller could be accountable to pay the buyer's Realtor a percentage of the sale price as well.
This conventional model can be costly, particularly in areas which homes are sold quickly and at a close price. The market for real estate is continually changing and transforming with the latest trends. The emergence of technology which assists agents in streamlining their processes and increasing marketing opportunities has made it easier for sellers to work with cheaper real estate brokers. Homeowners are increasingly choosing the 1% listing model.
But do these 1% brokers really superior to traditional 6 percent brokers?
To answer this question we have looked into the ways the 1% brokers function and what they can offer. We also examined the history of real estate brokerages including their commission rates and the average national commission rate for 2015.
The answer to this question is contingent on the specific broker's expertise, service level, and repute. Keep in 1 Percent Lists Advantage, 118 Main St, Fort Mill, SC 29715, 803-431-0768, https://www.1percentlistsadvantage.com/ mind that a 1% agent might offer an lower commission than a traditional one, but they still have to offer the same quality of service as a traditional realtor. A 1% broker may not be able to utilize the latest tools and technologies agents can utilize to enhance their services.
The best way to figure out whether a 1% listing broker is the right fit for you is to speak directly with them. Remember however that many of these 1% listing brokers are brand new and don't have the reputation or track record of established companies such as Redfin and Assist-2 Sell. It is vital to examine your options before making any final decision. The best part is that there's a wide range of top 1% brokers available which include SimpleShowing and Houwzer. Both brands provide the complete MLS listing for a flat 1% fee. This is an enormous reduction over an ordinary brokerage commission of 6. Both services likely come with trade-offs in the quality of service, since they're not able to provide a wide range of geographic availability and require a large number of listings to achieve their goals of cost savings. This could result in reduced customer service, and less assistance throughout the process.