What you save with Oregon Listing Agent®
|Your House||Our 1% Listing Commission||Traditional 3.5% Listing Commission||Your Savings|
Estimated Commission Savings
Make no mistake. Our business model would not have worked in the pre- Internet era.
Prior to the Internet, Buyers used to get in the back seat of a real estate agent’s car and go on a tour of homes. The agent would have his/her MLS® catalogue of homes which he was not allowed to give Buyer’s a copy of. REALTORS® controlled MLS® information. This is simply not the way it happens anymore.
Nowadays with the Internet, consumers are empowered and in much more control of their new home search. Over 85% of Americans who search for a home start their search on the Internet. Whether Buyers are looking for properties themselves on REALTOR.com®, or being automatically emailed MLS® listings directly from their REALTOR®, or other house hunting activities, nowadays Buyer’s often know as much or more about their particular market and the homes for sale in it as their REALTOR® does.
It is no slight on other agents, but the buyer basically has access to MLS® and can check REALTOR.com® 20 times a day, and their agent will not be doing that, no matter who they are. These changes in technology and Buyer behavior created the opportunity for the concept of Realty NET® to flourish.
Because a nice home priced correctly will sell!
When a Buyer sees a home that meets their criteria and is their dream home they do not ask “How much commission is being paid here.” It’s not of concern to the potential Buyer. The Buyer is concerned with number of bedrooms, bathrooms, location, schools, and obviously the price. Our listings are displayed everywhere that all the other listings are. If you are a buyer looking in a given neighborhood in a given price range (which is basically all of them), then you will want to see every listing in that neighborhood in your price range. With the Buyer now in the driver’s seat as a much more sophisticated consumer the real estate marketplace had changed forever. Basically, the fox is in the hen house.
Does paying a lower listing commission affect the sell?
If your home is well kept, and priced accurately, it will sell. It has no relationship with the amount of commission you pay to the Listing Agent. What matters is the commission that is offered to the Buyers Agent. With extensive experience in production housing, we realized that there may be an opportunity to market houses in a similar lower commission higher volume manner. Most traditional Listing Agents spend the majority of their time prospecting for new listings, therefor requiring a higher commission structure to compensate for the lower volume/lower listing success rate in the highly competitive real estate industry.
With the help of the technological advances such as the Internet, electronic document management systems, Realty NET® was able to reduce the typical real estate office overhead as well as leverage the productivity advances of its agents to create a successful discount commission business model. Whereby our agents earn less per house sold they make it up in volume of sales at the end of year. It works great for us, and it works great for our Sellers.
How does the Oregon Listing Agent 1% Listing service work?
We provide full service but at a discounted commission. For that full service on MLS® we charge just 1% for all homes $250,000 and over and $2,500 minimum on homes under $250,000. We charge $499 upfront to cover the typical disbursement costs to marketing and selling your home. Our agents provide the same services they would if they were to charge you a higher commission, the only difference being the amount of commission they charge you. Your 1% agent will help you determine the appropriate listing price, list your home on the local real estate board MLS® system and thus your listing will be on the popular REALTOR.com® where all the buyers look, enter the listing on the Oregon Listing Agent website, place a house for sale sign (if applicable), advertise your property where the Buyers are looking, show your home to prospective Buyers, provide you advice and assistance along the way. Our goal, like yours, is to sell your home.
What you get with our 1% Full Service Listing
- Your property will be listed by the #1 Listing Agent in Oregon
- Maximum exposure on the MLS® system
- Listing posted on all IDX websites in your area (Remax.com, JohnLScott.com, Keller Williams, Hasson.com, Windermere.com, Coldwell Banker, Prudential and more…)
- Listing Syndication – List Hub®
- Featured listing on Zillow.com®
- Featured listing on Trulia.com®
- Worldwide Internet exposure on REALTOR.com®
- Showcase listing on REALTOR.com®
- Market Evaluation
- Maximum number of digital photos posted
- Timely response to consumer & REALTOR® inquires
- Follow up on all showing appointments
- Assisting the Seller in negotiating favorable terms & conditions with an offer
- Cooperating & assisting with other brokerages working with buyers
- Assisting in the completion & possession process
- New listing email notifications sent to all agents (if applicable)
- Open Houses posted MLS and other real estate websites (if applicable)
- Profession real estate signage (if applicable)
- Full Service Brokerage at a Fraction of the Cost
Will other Agents show my home?
The simple answer is yes. Our MLS® listings are shown, and sold, by lots of Cooperating REALTORS® all of the time. Logic would dictate that if our system was unable to attract Cooperating REALTORS® to sell our MLS® listings then we would be selling most of our own listings to our own Buyers. In fact, its quite the opposite. Over 70% of our listing sales are sold by Cooperating REALTORS® representing the Buyer which is inline with industry standards. That is the proof in the pudding that our system works great.
Why is that. We believe it is two reasons. Firstly, most of our clients offer 2.5% to a Buyers Agent that successfully sell their home. This is the same amount they would receive on most homes on the market. The more important reason why other agents cooperate and sell our listings is that it is the Buyers who are dictating the shots these days. As mentioned above, if the Buyer loves the home does the amount of commission matter to the Buyer?
You owe it to yourself & your hard earned equity
Spending $12,000-$20,000 or more to sell your home is a lot of money. If you are thinking about selling your home compare our services and commission rates. We offer similar full service listing services at a fraction of the cost. To request more information and to provide us with additional information on your home contact us. You and your hard earned equity will be glad you did.
“The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by the National Association of REALTORS® (NAR) and identify real estate professionals who are members of NAR. Used under license.”
Estimated Commission Savings, Discount Real Estate Commission, 1% Commission, 1% Full Service Listing