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.