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For Wellington Home Sellers |
How You Save Money by Listing Your Home for Sale with XTRA
Realtors typically start by proposing that you pay them a 6% sales commission to list and sell your home. But, the 6% sales commission is really little more than a remnant of the old days and old ways. To our way of thinking, 6% commissions bear no relation to the way in which homes are sold today - and that is online. In fact, the web now plays a major role in the sale of approximately 90% of all homes.
On the standard 6% formula, realtors (one for the buyer, one for the seller) "cooperate" to split the commission 50/50 so that each earns 3%. If the realtor representing you, the seller, also happens to bring in the buyer, that realtor earns a very nice pay day - the full 6%.
On the standard 6% formula, realtors (one for the buyer, one for the seller) "cooperate" to split the commission 50/50 so that each earns 3%. If the realtor representing you, the seller, also happens to bring in the buyer, that realtor earns a very nice pay day - the full 6%.
Here's what you'll save with XTRA (based on sale price of your home)
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Home Sale Price Commission Amt.
$399,000 or less........................................4.5% $400,000 - $700,000.......................... 4.0% $701,000 and above..........................3.75% |
From the commission amounts shown to the left, we will always offer a 2.5% commission split to the buyer's real estate agent. This maintains the "commission incentive" for the buyer's agent to want to show your home, but still saves you one-half percent. (Sad but true - some agents wouldn't show your home to "their" buyer if it pays them better to show and sell the buyer another house.)
As your "Listing Agent" we would earn the balance of the commission amount (in the case of a $701,000 home), as low as 1.25%. |
Your Savings - From the chart above, it's obvious that the greater the price of your home, the more you'll save with Xtra. In fact, for a home with a $750,000 sale price, you'd save a whopping $16,875 in Realtor commissions! Puts you half way there to a nice new car.
If you're thinking of selling your home, please give us a call. We'll get your home sold and help you keep $$ thousands more in your pocket ..... where it belongs. (At the very least you can always inform your freindly neighborhood realtor that you know where to go for a better deal and wait to see what they do next.)