Unlike home prices, real estate commission rates remained unchanged for decades. The traditional 6% commission was widely adopted in the U.S. back in the 1940s. Since then, technological advances have changed the job of a real estate agent and the Internet has driven huge efficiencies into the real estate market. Today, the amount of time Realtors spend on many aspects of each transaction is greatly reduced. With today's home prices, the 6% commission no longer accurately reflects the time and effort it takes a Realtor to help you sell or buy a home. Realtors can provide full service for less and still remain profitable.
Home prices in the Richmond, Chesterfield, Henrico areas remain high even when it is a slow market. The median price for a single-family home in Richmond is around $350,000. This translates into a whopping $21,000 typical 6% real estate commission every time a home is sold. Many consumers feel that Realtors don't do enough work to merit that kind of money. It is simply too much for a single transaction. Letting me list your home for 1% and you determine the Buyer’s Agent’s commission you will save a large portion of the normal fee. You can use it to add incentives for the buyer, lower the selling price or to pay your administrative cost involved in selling your home.
Some will tell you that "You Get What You Pay For" Do you really when you pay 6%? I have been doing the 1% Listing Fee for over 16 years and have never charged any admin fees, or additional charges of any kind. I only do quality work and protect your interest, and get you the most money for your home without hassling you to take the first offer that comes along. I'll be glad to answer any questions and explain the process of getting your house sold.
Licensed To Sell Real Estate In The State Of Virginia