Three reasons why it should cost less to sell your home:
- The use of technology is allowing real estate agents to work more efficiently than ever before.
- The internet has made it easier for agents to connect home buyers with sellers.
- The rising value of real estate has brought commission-based sales up to record high levels.
In other words, the cost and amount of time it takes to sell real estate has been going down. The price of real estate and commissions paid by sellers has been going up.
Now, there’s a better way to sell your home.
Do you want to avoid paying your listing agent a commission based on the sales price of your home?
Do you want full service with an experienced agent?
If you answered yes to both questions, read on …
38 hours spent working on a real estate transaction.
Representing one seller.
After 38 hours I was at the closing table with my client.
Now, I didn’t work all those hours in one week. It was time accumulated over 46 days and not a dime would be paid until after closing.
The stack of closing paperwork was signed and delivered. We waited for the lender to confirm the loan funded. And then I was handed a check.
The title company (on behalf of the seller) just cut a check in the amount $21,750.
I did the math. That’s $572 per hour for selling a $725,000 home.
And then it hit me. It was time to change long-standing routines.
An innovative approach to selling real estate.
I’ve been at this closing table before. Over the years, I’ve been here hundreds of times. But the past three years have brought significant changes to how real estate gets done.
A successful, experienced listing agent with systems in place will continually track expenses and the amount of time spent working to sell homes. I’ll share this — the hours never vary by much … nor does the marketing plan and expenses.
At my next closing, the paycheck I received for my work was $10,410. This time, I spent 36.5 hours representing a seller with a property that closed for $347,000. That’s $285 per hour.
A high-level executive making $400,000 per year is paid approximately $200 per hour.
Is your real estate agents time and effort worth more than someone who makes $400,000 per year?
More importantly … why did the seller of the $725,000 property have to pay $11,340 more than the seller of the $347,000 property when time and expenses were nearly equal?
Full-service real estate with a sensible fee.
As of this moment, Todd Hower Realty has one of the best ways for you to sell your home and keep more of your hard-earned equity.
We are not a discount broker. A lower overhead business model and employing technology have allowed us to become more efficient and generate cost savings that we pass on to clients.
We’re independent, not a national franchise. This means that we are more adaptable to local market conditions and can make quicker, more informed judgments about every transaction.
Now, you and I know that talk is cheap. So put it to the test. Not only will Todd Hower Realty sell your home — with full service, a proven marketing strategy, and solid results — you’ll leave the closing table with more of your hard-earned equity in your pocket. And that’s where it should be.
87.5% of homes listed with Todd Hower Realty sell in 49 days or less. (updated 03/25/2019)
FAQ: Do I have to pay a 3% commission for a buyer’s agent?
The buyer representation landscape is changing. There are a variety of new real estate brokerage models that offer buyer rebates, buyer agents that negotiate their commission to win multiple offer situations, and buyers that choose to go without representation.
An offer to pay a 3% commission to a buyer’s agent is not a requirement. Todd Hower Realty has several different strategies and can recommend an approach that works best for your specific property and goals.