Seller's Toolbox: Frequently Asked Questions

 

Client:  How much commission do you charge?

Mike:  It is determined on a case by case basis.  But, it's more than 0% and less then 5.75% ;)  If someone already has a buyer for their home we typical charge 1% of the purchase price to finalize and facilitate the deal to close.

Client:  Whew...even the with the discounted commission you quoted us that's still a lot of money!

Mike:  Yes it is.  However, I don't take all of that home, approximately half of that commission goes to the party that brings in a buyer to the home.  All expenses to list and sell the home come out of that as well (newspaper ads, signage, mailings, brochures, MLS fees etc).  Paying an agent to list your home is not required (even though highly recommended), but I can tell you from experience that while it looks like you are paying them a lot of equity you have earned and acquired over the years they are actually making that equity with their service and then some.

A NAR survey found that people who sell their homes through a real estate professional sell their homes for almost 15 percent more than people who sell their homes themselves (2000 Profile of Home Buyers and Sellers). I believe we provide superior service and make our clients money, if I didn't truly believe that I would be doing something else.

Client:  Elliott Real Estate?  Never heard of it.

Mike:  You have now.  I spent years at a very well known brokerage in the Twin Cities before starting my own company.  Whether, it's Elliott Real Estate, or some other company, you are hiring the individual not the company.

These are answers to just a few of the questions you must be having as you think about getting your home ready to sell. Know that Elliott Real Estate is here to answer all your questions and make the process as hassle free as possible. please e-mail us directly at: mike@mikethehomehelper.com.
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