When you sell your home, you usually have two main options to choose from, both of which have disadvantages to consider:
Traditional “Big” Brokerages
These are the stalwart companies that you’ve heard from for many years. They offer a full-service MLS listing, a dedicated agent, and a traditional process. The problem is that they charge roughly 6% to sell your home. 3% goes to the Seller’s Agent, and 3% goes to the Buyer’s Agent. Considering the costs of a home, this is a significant amount of money!
This has been all the rage on TV and radio over the last year. They advertise a guaranteed offer or buyer, no repairs, a quick closing, and no showings. What they don’t advertise directly is that they charge a “convenience” fee on average of 7% for those services, and you are only getting offers from one or a handful of institutional real estate investors. After you sell and fork over the fee, they turn around and sell your home for a nice profit on the MLS.
At Value Home Sales, we believe that the big brokerages have it right by listing homes in the MLS. You get the most money for your home when it’s exposed to the largest number of ready, willing, and able buyers. What they don’t have right is the 3% listing fee. We offer a better approach to the options above by providing a full-service MLS listing by a local agent for only 1%. That’s a third of the cost you’d get with most traditional brokerages and even less compared to iBuyers. See an illustration of the potential savings below compared to a traditional broker. Also, aside from a competitive sales price, images are the best way to sell a home. We include professional photography and 360° virtual tours for all of our listings free of charge.
*Listing fee is subject to a $2,500 minimum.