Selling your house used to mean paying thousands of dollars in realtor commissions, but not anymore, thanks to flat fee listing services.
Typically, the seller pays real estate fees and commissions for both the buyer’s and the seller’s agents, which can total around 6% or more of the home’s sale price. That’s $15,000 on a $250,000 home that’s just gone. Flat fee companies came to be because there’s no reason it should cost that much to sell a house. Here’s everything you need to know about selling your home using a flat fee listing service.
How Do Flat Fee Listing Services Work?
Flat fee companies are changing the narrative surrounding selling a house by eliminating the need for realtor commissions. Here’s how it works:
Most flat fee listing services charge between $500 and $3500 to list your house on the MLS. Rather than basing their fee on the sale price of the home, these providers have a set fee that they charge for any home listing service. The seller and the provider agree on the fee, and it’s typically paid upfront to list the house. Some companies provide other selling assistance like contract negotiation, professional photo services, and help schedule showings.
The Benefits of Selling With Flat Fee Listing Services
There are some serious benefits to selling your home through a flat fee service, the most obvious being the amount of money you can save. The lower your listing fees or realtor commissions are, the more profit you’ll make on your house. That means more money in your pocket and a higher budget when shopping for your next home.
Another major benefit of selling your house using a flat fee service is that you typically still get the help of a real estate agent. Flat fee companies generally employ real estate agents that manage a large number of home listings and sales, so they can help you with anything you need along the way. Many sellers are choosing to list with flat fee companies rather than list their home “for-sale-by-owner.”
In short, choosing a flat fee service when selling your home can save you a lot of money while still giving you the peace of mind that you’re working with someone who knows what they’re doing. But as a word of caution, choose wisely because not all flat fee companies are created equal. Be sure to research their pricing and services.
The HoneyHomb Difference
If you’re looking to sell your home in Sandy, Utah, or anywhere along the greater Wasatch Front area, HoneyHomb is the way to go. Our flat fee listing services provide everything you’d get with a traditional realtor for a much lower cost, and unlike other flat fee companies, you don’t pay the listing fee until your home is successfully sold.
HoneyHomb works hard to provide professional service and make your home selling experience as easy as possible. Contact us today to see how HoneyHomb can help you sell your house for less.