Full Service 6% Listings Service, the options
Some people would rather have a full service listing instead of a 1.5% Listing. Most Full Service Listing companies charge 6%, 3.5% goes to the listing agent, and 2.5% goes to the Buyer’s Agent. On a $500000 house, that is 2% , or $10,000 more than what we charge on our Full Service 1.5% Listings, and they do not do much more than we do!
Since some people do want a full service listing, we decided to be flexible and offer that to our clients! We will do everything that we do for our Full Service 1.5% Listing, plus we will add the following services for 6% total commission, instead of 4% Total commission:
- We will do 2 Open Houses for you
- We will help you with staging, with a consultation with us, and/or we will help you find and set up a staging company who can stage your house, we will meet with them so we can discuss with them what they are going to do, and we will help advise you on the staging.
- We will add drone videos and floor plans, to go along with the ones we already do in the 1.5% listings: professional videos, professional photos and neighborhood video.
- If you would like us to accompany realtors when they show the house, we will do that. This isn’t always a good idea, though, as buyers like to see a house freely without having the “other side” there to hamper their open and free conversation with their own Realtor. But in some cases the seller might want us to accompany buyers and their agents, and we will do this for a normal 6% commission. In a 6% commission, it is important to note that the listing agent keeps 3.5% and gives the buyer’s agent 2.5%, which is what we give the buyer’s agent in a 1.5% listing.
- We will do glossy color brochures about your house, it’s location and it’s features to leave on the kitchen counter.
For these extra services, the seller will have to sign a longer contract of 120 days, instead of a flexible contract. Realtors that invest extra time and money always require a contract of 120 to 180 days.
We will also do something in the middle, if there are certain things you would like us to do, that aren’t included in the 1.5% Listing package. We are very flexible and want to offer any services that a seller may want.
One thing to note, is how much you save when you do a 1.5% listing.
Here is a chart below showing different home prices. The 6% Realtor keeps 3.5% commission, the 7% realtor keeps 4.5%, we keep 1.5%, and we all pay the buyer’s agent 2.5%’ except when we sell your house in house, then you pay a total of 2% commission. The amounts, based on different sales prices, paid for both the buyers agent and sellers agent, are below
1.5%/4% 2% 6% 7%
Commissions you will for on a $600000 house
$24,000 $12,000 $36,000 $42,000
Commissions on a $700000 house
$28,000 $14,000 $42,000 $49,000
Commissions on a $800,000 house
$32,000 $16,000 $48,000 $56,000
Commissions on a $500,000 house
$20,000 $10,000 $30,000 $35,000
Commissions on a $400,000 house
$16,000 $8,000 $24,000 $28,000
Commissions on a $1,000,000 house
$40,000 $20,000 $60,000 $70,000
As you can see, you save a huge amount of money if you have us list and sell your house, but you do not give up any services, in fact, in some cases, we do more!