As you probably know, selling your home traditionally means paying a broker a commission as your home sale closes. Such arrangement though can bring a costly result for you, but flat rate listings certainly have advantages over the common commission fee scheme.
Flat rate agents make their cash by selling more properties faster. An agent working on commission may try to avert a fast sale, promising that a better price will come. But they can’t assure you that. Obviously, you want to get the best possible price. Remember, it’s always all up to you whether to accept an offer or not.
With a flat rate listing agent, you can sell your home quickly at a fair market value that will maximize your earnings. A flat rate listing agent allows your to sell your house quickly for a price that maximizes your earnings. Flat rate listing agents offer a more consultative approach to house selling. They make sure that you can make decisions with confident and know exactly what’s going on with every every step you take.
Using a flat rate realty company, you know exactly how much you’re paying upfront. In other words, you get more control over your budget, instead of relying on the unknown value. Even if your property is sold for lower than you expected, their percentage-based commission can still be substantial. This may affect your budget by having you pay more than you thought you would at a lower price.
Usually, listing your home with a flat rate broker saves you a lot of cash. After all, who says no to a bigger profit on their sale? Besides, who doesn’t want a higher profit when selling their home? Who’s not interested in a bigger profit on their home sale? Let’s say you’re selling your property for $500,000. If your listing agent’s rate is 3% (which is the standard), that means over $15,000 will be paid to them. (NOTE: A 3% commission typically goes to the listing agent and a separate 3% to the seller’s agent.) That’s a huge chunk of your possible profit on the sale! That’s a large glob of your probable profit! That’s a considerable chunk of the profit you can make on the sale! Only a fraction of that amount goes to a flat rate realty, which means, as mentioned, your profit is maximized.
Finally, if you come to think of it, why should a certain home’s sale be percentage-based anyway? Lastly, if you really come to think of it, why should a particular home’s sale depend on a percentage fee anyway? Finally, come to think of it, why on earth must the sale of a certain property rely on a percentage cost anyway? Regardless of the value of the house, any seller should get the same level of service as the other. You will feel safe with a flat rate realty because you will be paying a set fee, no matter what. The level of attention and quality of service you get will be no different from what they are giving other sellers that are working with them. It makes no relevance whether the property is a two-bedroom house or a mansion. If the property you’re selling is more expensive than the other seller’s, does it mean you should get better service? What you pay will not change, period.