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Sample True "Savings" From Flat Fee Listing Options:
|
FULL SERVICE |
FLAT FEE |
| LIST PRICE |
$200,000 |
$200,000 |
|
UP FRONT FEE |
$0 |
$500 |
|
LISTING AGENT COMMISSION |
$5,880 |
$0 |
|
BUYER AGENT COMMISSION |
$5,880 |
$5,790 |
|
OTHER FEES AT CLOSING (FINE PRINT)* |
$0 |
$656 |
|
LOCKBOX RENTAL |
$0 |
$100 |
|
ADVERTISING |
$0 |
$500 |
|
OPTIONAL BUT NECESSARY A LA CARTE SERVICES |
$0 |
$1000 |
|
SELLING PRICE+ |
$196,000 |
$193,000 |
|
NET PROCEEDS |
$184,240 |
$184,453 |
|
TRUE "SAVINGS" |
|
$213 |
* Many flat fee listing companies charge a fee at closing. A figure of .0034 x selling price was used in this example
+ Assumes that the buyer negotiates away 1/2 of the commission savings; a very likely scenario.
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