First thing to take note of is all real estate commissions are negotiable. The standard commission structure that traditional brokers charge is 6% of the selling price to the seller when their home sells. This is determined at the time the seller signs a listing contract. Depending on the price of the home some agents will agree to a reduced commission of 5%.
Typically, the seller will agree to offer half this amount or 3% to the buyer’s agent through the Multiple Listing Service. This lets the agents that work in the community know that the home is for sale and that if they are able to bring a buyer, they will get a commission.
Parsons Realty offers the same or similar services but instead of charging a percentage based commission, we only charge a flat fee for the listing. If you want to attract more buyers and agents showing your home you will want to have your home listed on the multiple listing service. This can still be done by offering a buyer’s agent commission of 2.5% or 3%.
So lets look at how using Parsons Realty Flat Fee Service can save you some serious money. In our example below we will be selling a home for $425,000.
Selling Price $425,000
Flat Fee Listing – $4,950
MLS Buyers Agent 3% – $12,750
Total commission and fees if you list with Parsons Realty $17,700
Total commission and fees if you list with a traditional 6% broker $27,120
Your savings is $9,420
*With Parsons Realty Flat Fee Service no fees are charged upfront. We do not get paid until your home sells.
The best part about our flat fee service is we offer all the same marketing and services that traditional brokers offer. If you are interested in our flat fee service or would like to talk with an agent about selling your home you can contact us at 5230-222-1818.