Colorado Springs Real Estate Resources

 

 

Feb. 10, 2021

Is it worth trying to list your house FSBO?

Is it worth trying to list your house FSBO?

 

 

Is it worth trying to Sell My House For FSBO?

 

Reason 1: Hugh Realtor Fees. For Sale By Owenr  want to eliminate realtor fees by selling it themselves. The average realtor fee could be up to 6%.

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April 18, 2020

Real Estate Home Inspection Checklist

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April 10, 2020

21 Steps To Get Your Home Ready For Photos and Virtual Tour

21 Easy Steps To Get Your Home Ready For Photos and Virtual Tour

Steps to get your home Ready for Photos and Virtual tour

April 8, 2020

Selling Your Home

Steps in Selling Your Home

From Beginning To End, we have you covered with our Flat Fee. We are Full Service and Will Walk You Through it all Step by Step. Make Sure you Reach Out to us at Flat Rate Realty Group, Your Colorado Value Broker.

Steps in Selling Your Home

Posted in Sellers Resources
April 8, 2020

What is included in a Flat Fee Listing Service

What is included in a Flat Fee Listing 

What is included in a Fla Fee Listing Service

Posted in Sellers Resources
Feb. 21, 2020

How to Get Your Home Ready to Sell

 

Your home is probably the most significant financial asset you own. Therefore, whenever you sell if, you will want to make as much profit off of it as possible. Many factors that decide the value of a property are out of your hands, like market value appreciation, local property value, your neighborhood's appeal, etc. But there are things you can do to ensure that you get the best price, and one of them is adequately preparing your home for sale that your real estate agent can advise you on. 

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Jan. 1, 2020

How do Flat Fee Listing's Work?

Common questions that we come across usually start with how do flat fee listing's work?

   How can a flat fee Realtor offer all the same Services as a traditional Realtor without sacrifice and service? To answer these questions I urge you to think about the following. So 30 years ago realtors were charging 5 to 6% and today they are still charging the same amount.

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Dec. 31, 2019

What is flat fee real estate?

What is flat fee real estate?

So what is a flat fee realtor? Sometimes people call them discount brokers or value brokers. A lot of time clients believe they do not offer the full service as a regular traditional real estate agents and will cut corners to save cost due to the fact that they offer reduced fees to sell your home. That can be the case in some instances. There are companies out there that will just list your home on the MLS and you will have to manage all the rest. This service is mainly used for, people doing for sale by owner or FBSO.  These are the three most common ways to get your home sold, Traditional Realtors, MLS listing companies (FSBO) and Flat Fee Real Estate brokers.

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Dec. 24, 2019

Do Realtors Avoid Flat Fee Listing's?

So this is a common question, and I have a two part answer for you.

Some realtors may avoid flat fee listings if it is a For Sale By Owner (FSBO).

The realtor thinks they have to do double the work and in some instances they are not offering a cooperating broker fee so they will have to negotiate their fee with the Home seller.

In some cases this is true.

There are a lot of deadlines and requirements that for sale by owners may not know about so the real estate agent will have to inform them and teach them along the way, and a lot of real estate agents won’t have the patience to do that.

Selling a home is a full-time job and agents will need to be able to get a hold of the other agent or for sale by owner (FSBO) and if they are not able to meet the deadlines and the deal may fall apart and all the work they put into it will be for nothing.

On the other hand if you use a flat fee or a value broker to list your property you have an agent representing you that is available day and night and weekends. They will not have an issue showing your property or recommending your property. 

Back 30 years ago real estate agents would have to know what properties are for sale in their neighborhood.

Now consumers are more educated because of the Internet they have Zillow, Trulia, realtor.com to look up property values and what properties are for sale in their neighborhood.

The new modern way is the consumer or client or Homebuyer tells the Real estate agent the homes they want to look at due to the virtual tours pictures and the description online.

Homebuyers look at homes online for 60 days before they ever even contact a real estate agent. So imagine if a traditional real estate agent will not show their client a property that they want to look at because they are a flat fee real estate company.

The client will want to know how does that affect them from buying the home.

So in summary most all agents will work with a Flat Fee Realtor as long as they offer a Cooperating Broker's Fee. 

 

 

Dec. 7, 2019

Are Flat Fee Realtor's Good?

This is a popular question for most home sellers Because most traditional realtors always try to discredit Flat fee realtors.

Common myths About Flat fee realtors

  • They want to list your property to sell very quickly
  • They do not care about your bottom line
  • They do not have a lot of experience
  • They are not full service
  • They are less motivated to negotiate top Dollar

Flat fee realtor myth busters

Myth Bust #1

So every realtor A flat fee realtor or a traditional Realtor wants to price your properties correctly to get the most potential buyers into the property to view it to be able to sell the property.

Myth Bust #2

What other industry charges their clients 6% to complete a transaction. When you buy a car or mutual funds you don't get charged 6%. But no a traditional Realtor thinks it's OK to charge 6%. When you use a flat fee realtor on average they could save you $7500 per Home sale. Let's think about this if you sell three homes in your lifetime and you save $7500 Each transaction and you invest The sum of $22,250 for 20 years, average return of 10% at the end result you would have $149,686.87 in return on investment. Thats making money for your bottom line.

Myth Bust #3

The average Realtor sells 4 Homes a year. At a 6% commission 3% going to the listening to 3% going to the buyers agent And the average home is $337,000 Equals $10,110 Times that by four Equals $40,440 annual income. As a flat fee realtor has to do Triple the transactions to make that amount if they charge $ 3,500. So Around 12 properties a year. So I would say a flat fee Realtor has plenty of experience if not more.

Myth Bust #4

Some Flat Fee Realtors will not offer full service, however many will. It is a question you must ask. Once you find a Flat Fee Realtor that is Full Service make sure they have a minimum of professional photography and offer 3d Virtual Tours. 

Myth Bust #5

When determining the listing price for your home realtors must do a detail property analysis. If they overprice the property clients and potential buyers will not come in to look at your home and then you'll have to reduce the price later on down the road. If you under value more buyers will come look at the property. This starts a bidding war to bring your property value up. We always tell clients the more showings you have the more potential you have for offers. With that strategy you will naturally get top dollar. 

 

So here's something to think about . When you go to a chain restaurant and you have great customer service and you let your friends and family know about the great experience you had. Then you go back to the same restaurant a couple weeks later and you had a different server. This time your experience was horrible because they did not meet your expectations.

This is the same concept in the real estate business. You can have one agent that is a traditional broker be horrible and another agent that is a traditional broker that does great. The same goes for flat fee agents. Just make sure either way you go that the traditional or flat fee agent has experience, training and a proven track record.