Put your home on the market today for a 1% listing fee and save thousands in commissions
Check out how it works below!
EXAMPLE 1: HOW REAL ESTATE COMMISSIONS WORK
The vast majority of real estate agents work on commission, meaning that they are paid once the transaction closes. To simplify how commissions are dispersed, they are usually negotiated between the seller and the the listing broker. Once that fee is negotiated, the listing broker puts your home on the Multiple Listing Service (MLS). The listing broker agrees to split that commission with the cooperating buyers brokers, so they know what compensation is offered before they bring their buyers to the listing. This is an important component to the transaction because it's usually a buyers broker who brings the buyer into the deal, and that commission split is their motivation.
At the closing of escrow, you will see the amount of commission being paid to each agent's brokerage on the closing disclosure form. Each broker will then be paid whatever amount of the commission they have earned based on the commission agreement that the listing broker originally negotiated with the seller.
EXAMPLE 2: TYPICAL 6% TOTAL COMMISSION
In our second example here, a typical sales commission for brokers is 6% of the sales price, with 3% going to the listing broker and 3% going to the buyers broker. On a $800,000 home your total commissions paid out would be $48000, with $24,000 going to the listing broker and $24000 going to the buyers broker.
In the past this would have been considered a fair commission for the work a broker does
EXAMPLE 3: 1% HOME SELLERS COMMISSION BREAKDOWN
Now check out example 3, the 1% home sellers
In our 3rd example here for the 1 percent home seller, we break it down like this: On a $800k home a 1 percent listing fee means you pay a total commission of 3% with 1 percent going to the listing broker and 2% going to the buyers broker. That’s $24000 in total commissions paid out, $16000 going to the buyers brokers and $8000 going to the listing broker, that’s me. That is a savings of $24000!! 50% savings on your typical commission fee’s.
Now its worth mentioning here that I typically recommend that we offer the buyers broker a 2% commission to motivate them to get their buyers to the property. But this is something we can discuss when we meet, and like everything else, it is negotiable.
In conclusion
I have created the 1 percent home seller program because I want to be totally transparent about real estate commissions and want full disclosure on exactly how much it cost to sell your home
So just click the link below and type in your address and I will send you a FREE Home Value Report and follow up with you to discuss on how you can sell your home for a 1% listing fee
Home prices are at an all time high and in some cases going for thousands over asking price. Take advantage and max out your gains buy selling high and selling for 1%
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Lamont Hyde
Real Estate & Loans
Real Estate Dreams Realized
562-968-7004
BRE 01863312 / NMLS 1478632
“The best way to protect your future is to create it” ~ Abraham Lincoln