Four reasons besides the commission to work for a 100% commission brokerage
The 100% commission model has more to offer real estate agents than just fatter commissions, and that’s part of why it’s taken such a strong foothold in the real estate market.
Myth #3 about 100% brokerages: They lack in agent oversight and compliance
This is yet another common myth bandied about the real estate industry in regards to 100% brokerages.
How can real estate brokerages make money on the 100% commission model?
The myths and misconceptions that circulate about the 100% commission model seem to come from one core assumption: that it simply can’t be profitable for a brokerage to give the lion’s share of commission to the agent.
How profitable is the 100% commission model for real estate agents?
The 100% commission model has been shaking up the industry for several years now, but it seems that it’s still mysterious to many agents.
Things that make a property appreciate in value
In a recent post we advised readers to be cautious about a popular idea: that your home is an investment. While there is some truth to this, we want home owners to understand that merely purchasing a home doesn’t necessarily mean you’re investing in your financial future. To just assume the value will increase is what investors refer to as speculating.
Popular myth #2 about 100% commission brokerages: They don’t offer support, training, or resources to their agents
There are a few popular misconceptions about 100% commission real estate brokerages that we want to clear up. These misconceptions arise because don’t understand how the 100% commission model works.
Why 100% commission brokerages provide better value to the customer
No matter which real estate brokerage you go through, the percentage the customer pays is roughly the same. The only difference is that the agent gets most, if not all, of that commission at a company like Better Properties Eastside. So the question is, who would work for a traditional firm that takes so much money out of the agent’s pocket?
Popular myth #1 about 100% commission brokerages: They nail their agents with hidden fees to make money
There’s a few misconceptions that have swirled about the real estate industry ever since 100%commission brokerages came on the scene. To those who are firmly entrenched in the traditional model, the 100% model doesn’t make sense. As such, they come up with all kinds of strange explanations about how 100% commission brokerages can survive. But the fact is that these brokerages do survive, and they offer a lot that the big box brokerages can’t.
How Do Real Estate Agents Get Paid?
When it comes time to start the real estate sales or purchase process, acquiring support from a dedicated real estate agent can help you make the right decisions and avoid potential pitfalls.
Condo or Home? What is Right for Me? 4 Things to Consider
When it comes time to purchase a dwelling of your own, you can streamline your search before you start by deciding between single family homes and condominiums. Weighing the potential requirements and expenses associated with each dwelling type can help you choose between these two excellent options.
Our agents will prepare a Listing Agreement document and your signature allow us to represent you and list and market your property. We have your best interest in mind in getting the most value for your home.
Our agents will work with you to determine the right price to list your property. This is the most important part of selling your home and there are many factors that will effect this process such as location and condition of your home, as well as availability and pricing and selling history of similar and nearby homes.
Preparing your house to show is a key step in selling your home. After all, the first impressions are essential for a buyer to fall in love with your home and make an offer.
We help you with marketing plan for your property or home to attract the buyers. We arrange for “showing” and “Open Houses”. We will work with you in arranging the times if you are residing at the house.
When an offer is made by a buyer and accepted by you, the seller, a document called Purchase and Sale agreement is created that details all the terms and conditions of this transaction and it is signed by both parties.
After both parties accept to this sale and purchase, a licensed inspector is hired to see if the home is in good shape or if any repairs are needed. This inspection identifies any issues with structure, roof, plumbing and electrical, heating and air conditioning or any other repairs that the home may require. The result of the inspection could affect the pricing or create some more room for negotiation.
Once the final agreement is made by parties, an escrow process starts. Escrow allows an outside party to verify and ensure all the elements of the contract are complete and all necessary documents are prepared for closing.
Prior to closing, you will receive a Settlement Statement that outlines any fees that may apply to you as a seller. Closing is the last step in this transaction. At closing, all the required paperwork and documents are signed by both parties and all settlement fees are paid to the parties and documents are officially recorded.
Prepare Your House For Selling
Ok, your house is going to be listed, how do you want to “Show” it? Let’s face it, the first impressions always count. There is a common understanding that a clean and uncluttered house invites buyers to spend more time imagining themselves living there and be more interested in your home while they are looking at your house.
Make a checklist of the condition of your house, inside and out. Remember that the outside condition of your house is just as important as the inside. Here are just a few examples. Our agents can provide you with a more comprehensive list and suggestions.
Lawn is mowed, bushes are trimmed and yard looks clean. Trash/Recycling containers are out of sight. Driveway is clean from moss. Entry decks, patios and steps are clean.
Remove all clutter and tidy up. Less items make your room look larger. A fresh coat of paint is an inexpensive way to brighten a room but stay with neutral colors.
Remove dishes from sink and keep your kitchen and bathroom very clean. Wash or clean the windows. Don’t forget to tidy up the garage.