The thought of saving money on commissions when you are looking to sell your home is appealing. Real estate agents who offer the 1% commission are sure to catch your attention. Is a listing agent that offers 1% commission the right choice for you, though? Are they really able to save you money on your purchase and will they be able to effectively market your home?
In the past a seller had a professional realtor to help them navigate through the process of selling their house. In order to reward their efforts the seller is expected to be able to pay the agent a percentage of the property's sale cost, usually between 2.5% and 3%. In addition, the seller will be responsible for paying the buyer's Realtor part of the sale price as well.
This traditional model can add up, especially in areas where houses are selling fast and at close to the list price. But the real estate market is constantly changing and evolving according to the latest developments. The advent of technology that assists agents to streamline processes and increasing marketing opportunities has made it possible for sellers to work with 1 Percent Lists Advantage, 118 Main St, Fort Mill, SC 29715, 803-431-0768, https://www.1percentlistsadvantage.com/ cheaper real estate brokers. Many homeowners are choosing to go with the 1percent listing option.
Are these 1% brokers superior than the traditional 6 percent brokers?
To address this issue we've examined how the models of 1% brokers function and the services they provide. We also examined the past of real estate brokerages and their respective commission rates, as well as the overall average for commissions in the year 2015.
The answer is based on the reputation of the broker or experience and the quality of their service. Be aware that a 1% agent may offer an unbeatable commission as compared to a traditional agent however, they have to provide the same service as a traditional agent. In addition, a one percent broker might not be able to take advantage of all the benefits of the latest real estate tech and tools which can aid agents in increasing their efficiency.
The best method to determine if a 1% listing broker is the best fit for you is to speak with them directly. However, keep in mind that some of these 1% brokers are still relatively new and don't have the history or reputation of more established companies like Redfin and Assist-2-Sell. It is vital to weigh your options before you make any final decisions. The positive side is that there are a variety of high-quality 1% brokers available to choose from, including SimpleShowing as well as Houwzer. Both companies offer an entire MLS listing for a one% flat fee, which is a significant saving over the conventional 6% commission. However, both of these services will likely require compromises in customer service since they're not able to provide a wide range of geographic availability and require a high volume of listings to meet their goals of cost savings. This could lead to reduced assistance to customers and less hands-holding during the process.