Our $3500 flat fee begins with a $350 non-refundable deposit paid at the time you sign a listing contract with us. It is used to pay for the marketing of your property. The deposit is part of the $3500 fee and is deducted from the $3500, so at closing, you’ll only owe the remaining $3,150. The $3500 ONLY covers the listing agent’s commission. The seller is still be responsible for paying the buyer’s agent commission. (broker co-op).
No, they do not. To a buyer’s agent, TRUE REALTY is no different than other brokerages. This is because the home seller determines what to offer the buyer’s agent as payment. At TRUE REALTY, we recommend sellers set the buyer’s agent’s commission to be comparable to the market rate. This ensures that the buyer’s agent will be properly motivated to take their clients to view the listed property.
TRUE REALTY has been selling houses since 2008. The concept of flat fee real estate commissions has been around much longer, but TRUE REALTY is one of the first to offer this service in the Hampton Roads area.
We typically do not hold open houses on our listings. We believe due to internet technology; open houses are becoming a thing of the past. However, if the owner requests, our fee for a 3-hour open house is $100.00. This fee is due 1 week prior to the open house.
The same can be said for printed flyers, so we do not usually print them for your listings. We’ve found that both open houses and flyers tend to only draw the attention of curious neighbors and people who aren’t serious buyers. Other than these two items, True Realty does everything a traditional full service brokerage does.
Note that as a home seller, you can offer the buyers agent any amount of money you want. However, we recommend offering a % that is consistent with your area. The reason is to ensure that buyers agents are properly motivated to show your property.