More home sellers are considering alternatives to the typical 6% commission charged by real estate agents, with a flat fee for sale being one option. However, many prefer having some level of support due to the complexity of the selling process.
A flat fee realtor like Roger & Adam Lowe is the latest alternative. This agent in Idaho offers its services for a flat fee rather than a percentage of the sale price. But is choosing a flat-fee broker more beneficial than traditional commission-based agents? Will there be any surprises at the end?
You must clarify the following few questions before you enter into any agreement with a flat-fee agent.
1) What is flat fee real estate?
The basic idea behind Flat charge Real Estate is that you pay a minimal, flat charge to an agent in lieu of a standard agent’s commission, which is often between 5% and 7% of the sale price of your property. Roger & Adam Lowe embrace this model, allowing homeowners to retain more equity.
2) What are the benefits compared to a traditional agent?
People generally sell their house for several reasons, such as:
- Job relocation
- Taking advantage of the market
- For better accommodation.
It is only sometimes for earning more profit. No one would like to sell their house, which was made with their money, to earn some benefits on commission.
Selling for a flat fee can save you over $10,000 on average—money that can fund a down payment on a new home or even a long-awaited vacation. Unlike traditional agents, who typically charge around 6% in commission that is split between agents, the flat-fee agent offers a straightforward flat rate.
This approach ensures your property remains competitive, avoiding potential delays caused by lower commission offerings.
3) How do commission fees work?
If you have a traditional property to sell, then a lot of money will be shelled out in the form of commission and for listing on the agent’s website.
A lot of savings on all these expenses can be achieved by choosing the flat-fee option. You will end up paying a fixed amount upfront with no other hidden charges. This will surely be a profitable option.
4) Will your home be listed on the MLS?
When using a flat fee realtor, your home will still be listed on the Multiple Listing Service (MLS), ensuring it is visible alongside other properties in Idaho.
This visibility extends to third-party services, maximizing exposure for your home at a fraction of traditional costs.
5) Would your home sell faster?
In Idaho, homes sold by other brokerages averaged just 12 days in May, which is great for those wanting a quick sale without hefty commission fees. Traditional agents often rely on cooperating MLS agents to sell properties, which raises the question of why you would pay a high commission.
Roger & Adam Lowe offers a robust marketing strategy, including professional photos, open houses, and social media promotion, all for a flat fee. Consider this realtor to save on commission while maximizing your home’s exposure!
