Low Commission Realtors: Should You Hire One?
What do you think of when you hear the phrase, “low commission realtors”? It’s natural to associate low-cost or discount services with lower quality. However, you don’t always get what you pay for. With the rise of real estate technology and the demand of the market, many companies have created business models to put money back into their customers’ pockets. So while the term “low commission realtor” may sound negative, there are actually many benefits of hiring one to sell your home!
Benefits of Low Commission Realtors
1) Massive Savings
The most obvious benefit to a low commission Realtor is the savings involved. The average commission is 5-6% of the home’s sales price. That means if you are selling a $500,000 home, you can expect to pay $25,000-$30,000 in commission. The argument is that a Realtor’s services are simply not worth that percentage. In a hot housing market, homes sell themselves–they typically sell fast and for more money. Not because of the Realtor, but because of the market conditions. On top of that, technology has made buying and selling a home easier than ever. Realtors don’t have to do the same tedious tasks they did before the rise of technology. The bottom line–low commission Realtors charge less while still making you more money and getting your home off the market quicker.
2) Lower Fee ≠ Lower Service
Low commission Realtors are still Realtors. Despite their reduced commission, Realtors are held to a higher ethical standard. Their business is based on trust which means always advocating on your behalf. Their main focus is to help you achieve your real estate goals, not view you as a dollar sign. Beyond just helping you save money, low commission Realtors should strive to build a life-long relationship with you and use their industry expertise to help you sell your home fast and for top dollar.
3) Professional Expertise In Your Corner
When selling your home, you want a Realtor with the expertise and strategies to get the most for your home. Low commission Realtors are able to offer the same great service as a traditional agent. They run a comparative market analysis (CMA), price your home strategically, increase your buyer exposure, coordinate every aspect of the transaction, and negotiate to get you the best terms.
Low Commission Realtors: Listing your Home for Less
As we discussed earlier, the advancement of technology and the demand of the market have allowed Realtors to provide the same great service for less. Instead of paying an unnecessary amount of money to list your home, you can now list your home with CityWorth for 1%.
If you’re thinking about selling your home, contact us today! Take advantage of our 1% home listing fee while it lasts!