The Pros and Cons of Flat Fee Real Estate Realtors

The Pros and Cons of Flat Fee Real Estate Realtors

The expertise and experience of a real estate agent can be invaluable when you’re selling your home. However, this service comes with a hefty fee to the tune of 5-6% commission deducted from your sale price.

If you're looking to keep more of your sale proceeds, consider working with a flat-rate realtor — one that charges a fixed price for services instead of taking a commission from your property's final sale price.

How can you benefit from this approach? Here are some significant advantages of working with a flat-fee agent:

  • Keep more of your profits

Saving money is one of the benefits home sellers can expect from a flat-fee real estate agent. With a flat rate approach, the final sale price won’t affect the final fee you pay to the realtor. In addition, your broker or agent gets the same fee no matter what your property sells for.

  • Access to the MLS

A flat-rate realtor can list your home in the MLS (Multiple Listing Service) for a small fee. Once listed, your home appears on major real estate websites like Trulia.com, Zillow.com, CBBurnet.com, and realtor.com, so a broader audience of potential buyers can see it. Many real estate agents use the MLS to search for properties for their clients, so having your home displayed on these websites increases your chances of finding a buyer more quickly.

  • Gain more control

You know exactly what you’re paying for with flat-fee real estate service. Moreover, you have more control over the selling process, including setting the sale price, handling negotiations, and organizing showings. That makes it helpful when you go by the For Sale By Owner (FSBO) route.

Are there disadvantages?

Working with a flat rate realtor means that you only get to access limited services. You have to be ready to do much of the work — from the paperwork to negotiations.

Should you go for a flat-fee agent?

If you want to save time and avoid the hefty commission fees, then a flat-fee real estate service is for you. Work with a flat-rate realtor from Real Estate Corners! It’s the best service for flat-fee MLS listings that can save you thousands of dollars. Plus, they offer FSBO and full representation service packages at reasonable costs. Call (612) 483-1230 to learn more!

About the author:

Real Estate Corners is a licensed real estate company that has been operating in Minnesota since 2001. As leaders in the flat fee real estate industry, they offer homeowners two options to sell their properties while saving them thousands of dollars in selling commissions. With over 20 years of experience selling both residential and commercial properties, their team has the knowledge, expertise, and resources to deliver exceptional results for clients of all sizes. Providing top-quality service to each client is their number one priority, and their highly skilled and experienced professionals are committed to assisting you every step of the way.

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