If you’re getting ready to sell your home, you’ve no doubt considered the associated costs. But did you know a commission-based sale could devour up to 10% of the sale price of your property? Flat-fee realty, on the other hand, is far less expensive, and for sale by owner facilitation is even less of a drain on your wallet. If you’re trying to keep the cost of selling as low as possible, the experts at Home Avenue are here to discuss why flat-fee realty services may be the perfect choice.
1. Substantial Savings
Listing your property with a flat-fee realty service can keep thousands of dollars in your pocket after the sale. In Minnesota, average realtor commissions hover around 6%, so on an average home sale price of $290,000, you’ll end up forking over $17,400 to your realtor. With Home Avenue’s flat-fee realty service, however, you sign on for a $595 down payment and another $2,900 when the sale closes. If your buyer comes to you via a buyer’s agent or broker, you’ll also pay the buyer’s agent a commission between 2.5% and 2.7%. When all is said and done, you end up keeping over $7,000 in your pocket.
What could you do with an extra $7,000?
2. High-Level Exposure
Some sellers may initially shy away from flat-fee services because they’re under the assumption that a flat-fee listing service doesn’t provide enough exposure for their property. Nothing could be further from the truth. With flat-fee realty, you get the same level of exposure you’d get with a traditional, commission-based realtor, including:
- MLS listing with professional photos
- MLS open house directory
- Local and national real estate website listings
- In-home market analysis
- Showing appointment service
- Offer review and negotiation
- Ongoing communication with buyer and buyer’s agent
Keep in mind the above is not an exhaustive list by any means. You’ll also receive custom-designed marketing materials, signage, code compliance requirements, paperwork completion, and closing assistance, among many other perks. Flat-fee realty is quickly gaining popularity because it offers the same benefits of commision-based realty, just without the exorbitant costs.
3. Multiple Package Options
With flat-fee service, you choose which package best fits your needs. You can sell For Sale By Owner or our Full Service Realtor option. If you’d prefer to list your home FSBO but still want more exposure than you can achieve on your own, we have a package for that. If you’d like more photos, market analysis, or longer listing terms, we have packages for that, too. Whether you sell FSBO or with the help of one of our experienced agents you will avoid hefty commission payments, keeping more money in your pocket; however, you still receive expert guidance on your sale, purchase agreement facilitation, and more market exposure than you could ever achieve without dedicated, professional realtors working alongside you.
Top-Ranked Flat-Fee Realty by Home Avenue
At Home Avenue, we’ve been serving home buyers and sellers throughout the Twin Cities metro for over 30 years. With over 25,000 satisfied clients, we’ve achieved a top 1% ranking out of over 1.4 million realtors nationwide. Our time-tested, proven techniques have helped more families enjoy more of their hard-earned paychecks, and we’d be honored to help you, too. For more information on our flat-fee realty services or to schedule your meeting, feel free to call us at 952-929-7355, or if you prefer, send us a message on our contact page.