Why have a variable commission fee when other agents charge 6-7%? |
When do I and the other real estate agents
involved get paid? |
Where does the commission go after escrow
closes? |
Why I'm I so focused on providing the highest level of personalized
real estate services? |
If you are looking to sell your property,
what services will I provide for you? |
If you
are looking to purchase a property, what services will I do for
you? |
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Why have a
variable
commission fee when other agents charge 6-7%?
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top |
I have chosen to have a variable commission
for a full service real estate service because the average property
price I sell is high enough to justify my time and energy with a
smaller commission percentage, allowing me to pay for marketing
and advertising of your property while at the same time making some
money for my time. If you would prefer to actively participate
in the selling or buying or your real estate property, you can
save some of the commission fee in the process. Do not get me wrong, I'd be more than happy to
charge 6-7% to make more money for the same amount of time and resources
spent on your behalf, but I feel its competitively the right thing
to do to charge a variable commission fee for today's real estate
market. |
When do
I and the other real estate agents involved get paid? |
top |
The only time when the listing agent
and any other party (typically 3 other parties: 4 total for most
transactions unless you work directly with a real estate broker
like myself, when there is 1 less party to pay) gets paid is when
escrow closes for the property. If the escrow takes 90 days or longer
to close due to contingencies or any other reason, all the work
and energy that the listing agent spends on ensuring a successful
close of escrow does not equal a pay check until escrow closes. |
Where does
the commission go after escrow closes? |
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The commission fee is split amongst up to a total
of four different parties. These parties commonly include: the sellers
agent, the broker who the seller's agent works for, the buyer's
agent, and the broker who the buyer's agent works for. Because each
party has certain responsibilities in the transaction, they each
benefit from the commission (for example, let us say there is a
4.5% commission given) when escrow closes by getting paid from that
total 4.5% commission fee. Assuming that a 4.5% commission is split
evenly among all four parties, the agent listing your property only
receives 25% of the total commission paid, as the other 3 parties
each get 25% for a total of 75% of the commission going to someone
else other than the agent that listed your property. Because the
broker that employs the listing agent does not cover any marketing/advertising
costs or any costs specific to the sale of your property, the listing
agent also has to pay the costs incurred for advertising your home,
showing your property, making flyers, travel costs, etc., as well
as having to pay their own taxes including income and social security.
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Why I'm I
so focused on providing the highest level of personalized real estate
services? |
top |
My main goal is to work primarily from
referrals. Therefore, I treat all my clients as if they were my
life long friends because I want that to be one of the outcomes
of your real estate experience with me. By working hard for you
and earning your trust, I want you to remember me positively after
escrow closes so that you will call me again when you need the services
of a real estate professional, as well as remember and highly recommend
me when people you know need the services of a real estate professional.
I can successfully provide the highest level of service to you,
because I make it a point to only actively work with a limited number
of clients at one time. |
If you are looking
to sell your property, here are the services that I provide... |
top |
If you have decided its time to sell your property,
I'd like to offer my services to help you out. My services for property
sellers includes providing
a Comparative Market Analysis (CMA) to help you determine what your
listing price will be. I'll add my experience on adjusting your
property relative to comparable properties that have sold in your
area, as well as my guidance on market conditions and their effects
on listing prices. We'll go over the Listing Agreement preparation
and review, after which I'll assist you in preparing your property
for sale. To help advertise your property to potential buyers, I'll
market your property via MLS, advertise on the Internet on real
estate websites, host open house events, publish newspaper ads,
and post flyers/mailers as needed to generate the showings and number
of offers that we target for. In addition, I'll be there for the
typical real estate transaction work such as negotiate with buyers,
coordinate escrow and handling of any contingencies that need to
be resolve in escrow, delivery of legal disclosures, inspections,
repairs, and manage the contract deadlines to help ensure a successful
escrow with minimal to no surprises. If needed, will also attend
your signing appointment to close escrow.
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If you are looking
to purchase a property, here are the services that I will provide... |
top |
I will work hard to find you the next property that
you are looking for. I'll do this by working with you to truly understand
what you are really looking for, then searching the available inventory
of properties available in the areas you are interested in. In order
to provide you accurate details on the available properties, I will
investigate those properties before we ever visit them to ensure
that I'm not wasting your time. When we find a property you really
like, I'll provide you a Comparative Market Analysis (CMA) so we
can decide what any potential offer should reasonably be, then I'll
negotiate with the sellers on your behalf. Once we get an acceptance
from the sellers on your offer, I'll coordinate the related real
estate activities such as escrow, delivery of legal disclosures,
inspections, and repairs; manage escrow due dates, and attend your
signing appointment if needed.
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