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Home :
Sellers Advantage : Save Money |
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Save Money |
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Traditional Real Estate Method |
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A
home seller typically pays 6 - 7% of the sale price in real estate fees. For
example, real estate fees on a home sold for $200,000 could cost $14,000. |
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Home Listing Service
Method |
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You can now
effectively and inexpensively market your home without paying high real
estate fees. |
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With Home Listing Service, the seller pays a
small fee at time of listing and pays
no other real estate service fees or commissions unless the buyer is represented by a real estate
agent. |
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If a buyer is represented by a real estate agent,
the seller is obligated to pay the agent a sales commission, customarily
3%, but more or less can be offered.
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you do pay. What you don't pay is
up to the listing commission of up to 4%.
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The cost and savings from each plan is shown below. |
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Here is an example using a $200,000 house and
7% traditional real estate commission. |
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Traditional Real Estate
Method |
$200,000 House |
Home Listing Service Method |
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Buyer Has Agent |
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Buyer Has No Agent* |
Buyer Has Agent |
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(4%) $8,000 |
Cost for Listing |
$ 595 |
$ 595 |
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(3%) $6,000 |
Cost For Selling |
+ $ 0 |
+ (3%) $6,000 |
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(7%) $14,000 |
Total Cost |
$ 595 |
$6,595 |
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$0 |
Total Savings |
($14,000 less $595)
$13,405 |
($14,000 less $6,595)
$7,405 |
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| * |
If the buyer is represented by an agent, you pay a sales
commission to that agent. If the buyer has no agent, you pay no sales commission. |
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