For decades the real estate industry was centered on the reputation of its agents. Because personal networks were instrumental in helping sellers locate buyers, it was important to choose an agent that had a large personal network of friends.
That is no longer the case. Over the past 30 years the paradigm has shifted. Sellers no longer need an agent with a robust personality and oversized ego. In the 21st Century, sellers need an agent that puts the client's interests first. Where a big ego and gregarious personality were once so valued, they are now impediments to putting the needs of the client first.
At Flat Fee we provide a superior service level at a fraction of the cost of other firms. People often ask how we do it. The answer is simple. We put the customer first. We created our innovative Flat Fee approach with this in mind.
One of the ways we have done this is by removing the inherent conflict that the antiquated 6% commission model creates between the buyer and the agent. Under the old model, when you buy a home, your agent gets paid more if you pay more for the home. However, your goal when buying is to pay less so therefore your agent's needs end up superseding your own.
At Flat Fee we remove this inherent conflict. Instead of getting paid more when you pay more, we give you more money back in the form of your Flat Fee Buyer Rebate. Instead of keeping the windfall like most other firms do, we keep our Flat Fee of $3,500 and share the rest of the commission with you in the form of a cash back buyer rebate.
For instance, if you buy a home for $250,000, we typically get a $7,500 commission from the seller. We will share our commission with you by giving you $4,500 back in your Flat Fee Buyer Rebate.