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Blog :: 02-2013

Buyers Get a Competitive Edge With Flat Fee

Because Flat fee shares its commission with its buyer clients, our buyers have a competitive edge when bidding on houses. Here is an example:

A home is listed by a firm and the seller is offering buyer agents a 3% commission. The home is listed for $350,000.

A buyer with an agent that does not share their commission offers $325,000 for the home.

A buyer client of Flat Fee offers $330,000 for the same home.

In almost every case, the seller is going to accept the higher offer of $330,000.

At closing Flat Fee receives a commission check for $9,900. Flat Fee keeps $3,500 and gives the rest, $6,400, to our client.

Thus, even though our client offered $5,000 more for the house, they actually paid $1,400 less than the other buyer was offering for the house.

As you can see buyers gain a competitive edge by using Flat Fee.

Comments

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