I'm Rick.
And I will save you A TON of money.
The 3% fee you pay your realtor is split 3 ways: 1% to the realtor. 1% to her team leader. And 1% to the brokerage. I own my brokerage and have no team leader. My business keeps your money in your pocket. Here's the elevator pitch:
One $8K flat fee.
No percentages. $2K up front. The rest on closing day. This is less than 50% of what the average home owner pays.
Today's rates mean paying a realtor with your loan doubles the cost of your realtor. I save buyers $40K in commission cost and interest by charging less outside the loan. I save sellers $36K by negotiating the selling and buying agent's fees.
Today's rates mean paying a realtor with your loan doubles the cost of your realtor. I save buyers $40K in commission cost and interest by charging less outside the loan. I save sellers $36K by negotiating the selling and buying agent's fees.
Every. Other. Industry. Works. This. Way.
The customer selects the desired services and pays an agreed upon price for exactly those services. A real estate attorney charges an hourly rate for the same work a realtor does. No one would pay a real estate attorney 3% of their home value for his work. Here's what I offer for my flat fee:
For sellers: 120 days on the MLS, 4 open houses, 1 BPO and all contract work to reach the closing table.
For sellers: 120 days on the MLS, 4 open houses, 1 BPO and all contract work to reach the closing table.
The Alternative
3% at Closing
This is how the majority of the industry operates. Realtors work for free, with no guarantee of a paycheck, until they reach the closing table. At the closing table they charge a 3% fee for the risk they shouldered. For sellers, this is 6% of your home value gone. For buyers, this is a 3% increase on your interest-laden-30-year loan. Don't. Do. This.
For ~20% of the industry cost:
I offer honest pricing. Charging a percentage based fee for flat contract work is disingenuous.
Buyers: I eliminate the 3% fee. The industry wants you to pay $40K in realtor fees and associated interest. That's nuts. Don't do that.
Sellers: I keep my hands off your equity. The industry wants you to pay $36K in realtor fees. That's nuts. Don't do that.
Run the numbers yourself. This calculator shows what you'll save as a buyer or seller.
Run the numbers yourself. This calculator shows what you'll save as a buyer or seller.
If you're serious about buying or selling in Colorado Springs I have a better system than Any. Other. Realtor.
For buyers: 20 showings, 5 offer-counter-offers, 5 BPO's, and all contract work to reach the closing table.