For the past 15-20 years, home sellers have consistently paid 6 to 7% in real estate commissions in order to achieve these goals. There were no other options. Then, about 10 years ago, some home sellers started to try to sell their home on their own, but realized after about a month that it was a big hassle, and for some reason, no one was making any offers.
There are positive benefits to both of these options. When you sell through a Realtor, the Realtor takes care of all the details, all of the inspections, makes sure all of the buyers are qualified and ensures a smooth process to closing. However, Sellers often are not that happy when they see how much the check is for the 6 or 7% coming directly out of their proceeds. Especially if the seller did not know the details of what the Realtor did for that 6-7% - the hours that had been spent marketing the home, what time that was devoted to negotiating, what was actually done or what was not done. Many Sellers think it is all just a little too ambiguous.
So, as you look at your two options, they both have positives and negatives. They both can help achieve a result, but if you have to pick one or the other, either way you pay a price in time or money. In the last few years, a third alternative became available - discount brokers. But sellers quickly realized that discount fees meant discount service. So, this has not proven to be a very effective solution to obtaining the original goals.
But...what if you could combine the pluses of the above options into more powerful, more efficient options that not only made sense, but solved a lot of problems as well!!
Every client's needs are different. We have developed a program with a variety of options that gives you, the home seller, the best of all worlds while meeting your various needs. You receive the benefits of having a professional guide you through the process and the exposure that comes with that, as well as the savings of selling you home on your own. The program we have developed is fee based or "fee-for-service". You can choose (and pay for) the professional services you want and need. You have a menu to choose from allowing for flexibility for every seller.
Option 1 – 2%
You find the buyer and there is no other agent involoved. I write the contract, and walk it through escrow for you. My commission is 2%.
Option 2 - 4%
I find the buyer and write the contract. There is no other agent involved. My commission is just 4%.
Option 3 - 6%
Your property sells through MLS. Another agent represents the buyer. My commission is 3% and the other agent also receives 3%.