Low Fee and Flat Fee agencies are becoming more and more mainstream.
Choices are good!
SELLERS: If working with a traditional broker just isn’t your cup of tea, and you don’t want to sell your property yourself (see FSBO), you might want to interview some of the low fee or flat fee agencies in your area. Be sure to do and ask all the same things as you would when interviewing a traditional broker:
- How long in business? License valid and any disciplinary actions? Carry E&O Insurance?
- Review all contracts closely, and if desired run them past your lawyer, before signing anything.
- Find out what the expected timelines are.
- Discuss who will handle what, when.
- Will you be working with a single person, or a team?
- Find out what their expectations are of you.
- Make sure what they do will meet your expectations.
- List price vs Sales price ratio (how accurate is their pricing)?
- Average days on market for the area/property type/price range versus same for their listings?
There are a lot of low fee and flat fee agencies out there. Shop around! Some of the bigger ones, though by no means a complete list, include the following.
BUYERS: If working with a traditional broker just isn’t your cup of tea, you can still check out all the usual search options then also search low fee and flat fee sites, and FSBO sites, and potentially approach the homeowner directly if you feel comfortable doing that.
If you would prefer to work with a traditional broker, they can certainly assist you with viewing and offering on low fee and flat fee agency listings and FSBO properties, whether or not these properties are in the MLS.
This list in no ways implies recommendation or endorsement of any of these companies or promotion of any one of these companies over another. I do not receive any compensation for posting them or from your use of their services should you choose to do so. List is merely intended as kindness to you for exploring your options. :0)