As you probably know, selling your home traditionally means paying a broker a commission as your home sale closes. However, this arrangement can lead to a pricey outcome for you, but flat rate listings offer several advantages over the standard commission fee structure.
Flat rate agents earn their cash by turning more properties over a shorter period. An agent who works on commission can try to stall the, promising a better price. However, there’s no guaranteeing that. Obviously, you want to get the best possible price. Note that accepting or declining an offer is always completely up to you.
A flat rate real estate company will help you sell your home fast and at a favorable market value that will boost your profit. 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 ensure that you are confident in your choices and are aware of what’s happening through the whole process.
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. If the typical agent sells your property for less than your expectation, their commission can still be high. This could affect your budget when you have to pay higher than you expected if the selling price were lower.
Listing your property with a fixed rate broker often serves up a lot of savings for you. 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: 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! A flat rate agent can receive but a fraction of such figure, which means your profit gets a boost, as we have mentioned earlier.
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. You will receive exactly the same amount of attention and quality of service as every other client of the agent. 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.