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. A typical might attempt to delay the sale while promising that you will get a better price. But they can’t assure you that. Obviously, you want to get the best possible price. Note that accepting or declining an offer is always completely up to you.
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 employ provide a more consultative strategy when selling your property. They make sure that you can make decisions with confident and know exactly what’s going on with every every step you take.
With a fixed rate agent, you know the amount you’re spending upfront. This means having greater control over your budget, rather than depending on an unknown value. Even if your property is sold for lower than you expected, their percentage-based commission can still be substantial. This can impact your budget by requiring you to pay more than you expected at a cheaper selling price.
Listing your house with a fixed rate broker typically offers significant savings. 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. At a 3% commission rate (the usual), you will be handing over $15,000 to your agent. (NOTE: The listing agent generally gets 3% and the seller’s agent, another 3%.) 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. No matter what, a flat rate realty agent will keep your budget safe. 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. Does the seller of the more expensive property deserve better service? Your fee is fixed and you know it, that’s it.