Suppose you are selling your house and keeping thousands of dollars for yourself or purchasing a home without having to worry about commission costs. Doesn’t that sound impossible? Not if you use flat fee real estate services!
The average commission for a real estate agent is 5–6% of the sale price of the house, so for a $500,000 house, you would pay $25,000–$30,000. Ouch! However, our real estate services use some smart ways to provide you with sensible options, allowing you to pay a fixed amount instead of a percentage. How? And what are these smart ways? Let’s discuss them below.
Save Big with Flat Fee Real Estate Services with These Smart Ways
1. Selling Your Home
Using Flat Fee MLS listing services is one of the finest methods to save money when selling a house.
You pay a fixed cost to have your house listed on the Multiple Listing Service (MLS), which is the same database that traditional brokers use, rather than paying a realtor 5–6% in commissions.
Why is this so smart?
- Like any other listing, your house shows up on marketing platforms.
- You bargain directly with purchasers and maintain control over the sale.
- You save thousands of dollars by eliminating listing agent fees.
2. Want a Larger Pool of Buyers?
To attract more buyers, you may need to provide a buyer’s agent commission even if you are employing flat fee real estate services. However, you are not required to pay the regular 3%, and this is where strategy comes in.
Instead, offer 1.5% or even a fixed sum of $3,000 to $5,000. Even in a strong market, a lot of buyer’s agents will still show your house.
Think about it: you will immediately save $12,000 if you sell a $500,000 home for only $3,000 rather than $15,000. That’s sufficient for an amazing trip or a significant down payment on your next house.
3. Buying a Home?
Usually, the seller pays the realtor the commission when you purchase a home. Here’s a clever trick, though: when you purchase from some flat fee real estate services, you can get cashback.
Buyer’s agents that charge a flat fee get a smaller commission from the seller and give you a portion of it back in cash. For example, if a conventional agent makes 3% ($15,000 on a $500,000 home), a flat fee agent might charge a fixed fee ($5,000) and offer you the remaining amount as cashback.
With this extra cash, what can you do?
- Pay for closing expenses.
- Purchase new furnishings.
- Lower your mortgage installments.
Instead of paying for an agent’s lavish vacation, smart purchasers choose flat fee real estate services to put money back into their pockets.
To Wrap Up
One of the best strategies to purchase or sell a house without losing money to excessive commissions is to use flat fee real estate services. Remember, paying high commissions can reduce your earnings, and you don’t want that, right?
By working with us, you can actually maximize your savings to the best of your ability! Our team of professionals helps you with the buying and selling process, along with all of the guidance you need to understand the market situation, and that too in a hassle-free and low flat fee. What’s stopping you then? Reach out to us today!
