Seller normally pays ALL commission in the USA - Normal fee is 5% to 7% average is 6%
they do not pay commission when they repurchase so
the average fee is 3% over both transactions
This allows for more new home buyers to enter the market - thus stimulating the whole market
Once a Seller Advertises the Property on-line or via yard sign the Seller is bound to a lot of Laws the he or she may not be aware of example: they can not discriminate for one
ALL Comps have a 6% built into the closing price as 90% of homes are sold via Realtor (appraisal forms do not have a line item to adjust price for commission or lack thereof)
below is what we offer for
our price starts at 1% of contract price and goes up to 4% depending on the level of service you would like
- Compensation to Buyer Broker (this form must be signed by all parties - it allows the title company to enter my compensation as a line item to the closing statement HUD1 )
- Real Property Sales Disclosure filled out by the Seller - signed by ALL parties - protects Buyer from known defects - I recommend trying to get this before you spend money on an Inspection
- Sales Contract - this is mandatory for the title company and the mortgage company - Must be filled out properly
- Possible over appraisal clause addendum
- Possible escalation clause addendum
- Counter Offer (included in 1st round of Price Negotiations)
- Flood Disclosure - Mandatory in FL
- Appraisal Contingency - protects Buyers Escrow if the event the property does not appraise (also allows to dispute and/or allocate time to get a second appraisal)
- HOA Addendum - Required by both the Title Company and Lender to order Lien Search/Estoppel/Survey and Underwriter to check Reserve Fund
- HOPA Addendum - Housing for Older Persons Act
- Post Closing Occupancy addendum
- Inspection Period Extension Addendum - very common if issues found within Inspection Period - allows Buyers to get quotes from Contractors for estimated repair cost
- Addendum to Sales Contract - Price adjustment or Credit at Closing (due to issues found at inspection (2nd round of Price negotiations)
- Addendum to Sales Contract - If property does not appraisal - could open up to 3rd round of price negotiations
- Walk - thru addendum
- Release of Escrow Addendum - takes place at Possession of Property
Attorneys average hourly rate is $300 per hour most have a 2 hour minimum
Average Sales process takes 5 to 6 weeks to close
with work being done EVERY week on the Transaction
IF you go the Flat Fee route with an Attorney- Well...you get what you pay for
We work with an Attorney / Lawyer that does Contract Law, Real Estate Law and Title Work
he is located in South Florida
I have closed several million dollar transactions with him
Also I my Broker has in-house Title and Mortgage and we can hold escrow if you use one of our services
ADD ON SERVICES for extra fee
1. Present at viewing
2. Present at Inspection
3. Present at Appraisal
4. Present at walk-thru
5. Present at walk-thru
6. Move-in / Move-out services
7. Empty residence
8. Clean residence
9. Utility hookup assist
10. Pack / Unpack services
We have tremendous experience and great value
#offmarket #fsbo #realtor #agent #broker #representation #protection #broward #hiteglove #concierge #relocationservices
