LISTING YOUR HOME
Considering selling your home & want to know what listing service options I offer my sellers?
PROS
OFFERING BUYER AGENT COMMISSION
Offering a commission to the buyer's agent will widen the pool potential buyers. This can increase the visibility of your listing and potentially lead to a quicker sale. Additionally, it encourages smoother negotiations and transactions. Ultimately, offering a buyer agent commission can attract more qualified buyers and ultimately maximize your chances of selling your property at the best possible price and in the quickest time. Please remember, every seller was once a buyer and benefited from the seller covering the cooperating broker's compensation who ultimately assisted in getting their home sold.
CONS
NOT OFFERING BUYER AGENT COMMISSION
Not offering a commission to the buyer's agent could potentially limit the exposure of your property to potential buyers. Resulting in fewer showings and potentially a longer time on the market. Additionally, some buyers may be hesitant to pursue a property where they would need to cover their agent's commission out of pocket, leading to decreased interest and fewer offers. Without the assistance of buyer's agents, negotiating with individual buyers directly can be more challenging, potentially leading to less favorable terms, delays in closing the sale and could potentially impact the final sale price of your property.
FULL SERVICE LISTING
6%
(3% Listing Agent, 3% Buyer Agent)
1% discount if selling & buying (3% LA / 2% BA)
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Comparable Market Analysis
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Yard Signage
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Lock Box
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Multiple Listing Service (MLS)
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Syndicated
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Property Data (2 mil radius)
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Disclosures & Addendums
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Manage Showing Appointments
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Measurements
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Open Houses (as many needed)
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Coming Soon Marketing
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Email Marketing
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Seller Guidance
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Digital & Printed Property Booklets
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Enhanced Paid Internet Ads
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Property Website
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Maximum Exposure Marketing
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Advise on Merits of Offers to Purchase
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Electronic Document Delivery
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eSign Documents
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Contract Offer Review
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Buyer Financing Verification
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Manage all Communications
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Facilitate Offer Negotiations
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Repair Negotiations
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Closing Attorney Assistance
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Professional Photography ($400+)
If buyer is unrepresented: 4%
Firm will designate additional agent
LIMITED SERVICE LISTING
4%
(2% Listing Agent, 2% Buyer Agent)
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Comparable Market Analysis
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Yard Signage
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Lock Box
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Multiple Listing Service (MLS) - 45 Days
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Syndicated
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Property Data (2 mil radius)
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Disclosures & Addendums
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Manage Showing Appointments
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Measurements
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Open Houses (1) 2hrs.
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Coming Soon Marketing
-
Email Marketing
-
Seller Guidance
-
Digital & Printed Property Booklets
-
Enhanced Paid Internet Ads
-
Property Website
-
Maximum Exposure Marketing
-
Professional Photography ($400+)
-
Advise on Merits of Offers to Purchase
-
Electronic Document Delivery
-
eSign Documents
-
Contract Offer Review
-
Buyer Financing Verification
-
Manage all Communications
-
Facilitate Offer Negotiations
-
Repair Negotiations
-
Closing Attorney Assistance
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Seller provided photos (25 max)
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If buyer is unrepresented: 3%
Firm will designate additional agent
ULTRA LIMITED SERVICE LISTING
3%
(1% Listing Agent, 2% Buyer Agent)
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Comparable Market Analysis
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Yard Signage
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Lock Box
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Multiple Listing Service (MLS) - 30 days
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Syndicated
-
Property Data (2 mil radius)
-
Disclosures & Addendums
-
Manage Showing Appointments
-
Measurements
-
Open Houses (1)
-
Coming Soon Marketing
-
Email Marketing
-
Seller Guidance
-
Digital & Printed Property Booklets
-
Enhanced Paid Internet Ads
-
Property Website
-
Maximum Exposure Marketing
-
Professional Photography ($400+)
-
Electronic Document Delivery
-
eSign Documents
-
Advise on Merits of Offers to Purchase
-
Contract Offer Review
-
Buyer Financing Verification
-
Manage all Communications
-
Facilitate Offer Negotiations
-
Repair Negotiations
-
Closing Attorney Assistance
-
Seller provided photos (15 max)
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If buyer is unrepresented: 2%
Firm will designate additional agent
It's essential for both sellers and buyers to conduct thorough research and due diligence when selecting a real estate agent. Take the time to explore various options and find the agent that aligns best with your unique requirements and preferences. Keep in mind that fees and service offerings can vary significantly between agents, so it's crucial to understand the specifics of what each agent provides. Fees are specific to my business only. The amount, format or rate of real estate commission is not fixed by law, but is set by each broker individually, and may be negotiable between Seller and Firm.
How Is the fee paid?
In a typical real estate transaction, the seller pays both the listing agent's commission and the buyer's agent commission. This fee is usually a percentage of the final sale price of the home and is agreed upon in the listing agreement between the seller and their listing agent. The listing agent then typically splits this commission with the buyer's agent, who represented the buyer throughout the transaction. This arrangement allows buyers to work with an agent to find and negotiate the purchase of a home without having to directly pay for their services.
What's changing?
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NAR has agreed to put in place a new rule prohibiting offers of compensation on the MLS. The change will go into effect in mid-July 2024.
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After the new rule goes into effect:
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Listing brokers and sellers can continue to offer compensation for buyer broker services, but such offers could not be communicated via the MLS.
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MLS participants acting for buyers would be required to enter into written agreements with their buyers before touring a home.
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These agreements can help consumers understand exactly what services and value will be provided, and for how much.
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