Can a seller really save $10K’s in real estate commission without using a broker? Yes, absolutely! Billions of dollars of real estate are transacted each year in our country without brokers. It probably works best with experienced buyers and sellers, who share similar values and where the terms of the deal are important and aligned (it’s not all about price.) Here are a few scenarios for your consideration:
- Buyer and seller are introduced, they get to know one another and in the process, come to a “meeting of the minds” on price, terms and close a deal. Commission paid, $0.
- Same scenario as #1 above, but the buyer brings in a broker to help complete the transaction. Commission paid, $0.
- Same scenario as #1 but the seller brings in a broker to help close the deal. Commission paid, negotiable.
- Seller signs a listing agreement, excluding John Vashon and we later complete a deal. Commission paid, $0, or perhaps similar to scenario #3, per the terms of the listing agreement.
In each of these scenarios above the seller saves a $10K’s in real estate commissions. The key to success here is that you call me before signing a listing agreement with a broker!