Home sellers often fall into the trap of hiring a listing agent because of his or her reputation of boosting list prices while offering reduced commissions. And while both have their apparent virtues, they can also be your downfall if you take them at face value.
Home Avenue offers flat-fee realty services for home sellers in Minneapolis and across Minnesota. We do not charge listing fees based on the sale price which translates into thousands of dollars of saving for you. We work with For Sale By Owner (FSBO) and those who want full representation for a flat fee. Read below to find out more about how to practically handle suggested list prices and lowest commissions.
The Suggested List Price
Most home seller’s have access to properties in their vicinity that have sold. They have a general sense of the market value of their home. Correct pricing is crucial to a fast sale and Home Avenue can help fine tune the listing price by providing
● Comparable home sales
● Pending home sales
● Active home sales
● Homes that have failed to sell and why
Ultimately the seller choose the list price This is why a For Sale By Owner (FSBO) or Full Service Realtor with Home Avenue may be the best strategy. Selling FSBO gives you more control over your sale, while your listing agent provides ground support, professional guidance, and plenty of resources and marketing materials to assist you.
Here are some factors that determine your list price:
● The overall reasonable price range that you can work within
● Your home’s location.
● The current housing market performance or trend
● Renovations or upgrades you’ve made to the home
● The age and condition of your home
Are competitively low commissions top criteria for choosing a listing agent?
Well, yes and no. The average commission for a listing agent nationwide is 6% of the total sale. If you do the math, you’ll quickly discover that commissions can eat into your profit. Therefore, a lower commission can save you a chunk of change.
If you choose a flat-fee realty company, you may discover that the fees are less than half of a commission-based Realtor. Since Home Avenue’s fee is not based on commissions, you have more flexibility to sell the home without worrying about the agent’s profit share.
Whereas commission-based agents will undercut their competitors to get the listing, flat-fee agents already have a set fee scale that is much lower. So, the expectation is already there for both the agent and the seller with no surprises.
You also never have to be suspicious about why an agent has drastically cut his or her commissions to land the deal.
The Deciding Factor
If suggested list prices and low commissions are not enough to lead you to a decision (and they shouldn’t be), you can always look at the agent’s track record to make your decision about selling your home.
Home Avenue is reputable, trustworthy and has licensed agents who provide:
● Solid recent references
● A complete list of services the agent provides
● A clear and concise marketing strategy
● Someone with whom you connect and get along with
● Well-trained educated
● Effective communication and negotiation skills
● Upfront pricing and fee information
Flat-Fee Realty Service in Minneapolis, Minnesota
If you are getting ready to sell your home in Minnesota, contact Home Avenue. We offer flat-fee full service realty service, as well as For Sale By Owner (FSBO) packages and home buyer cash rebates.
To find out more about our products and services, call us at 952-929-7355, or you can message us at firstname.lastname@example.org.