Pros & Cons of Working with a Flat Fee Realtor

by | Last updated Mar 29, 2023

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A flat fee realtor is a real estate agent who charges a set fee instead of the traditional commission-based fee structure. Here are some pros and cons of working with a flat fee realtor:

Pros of Flat Fee:

Lower Cost: One of the most significant benefits of working with a flat fee realtor is the potential for lower costs. You can save a significant amount of money compared to traditional real estate commissions that typically range from 5-6% of the sale price. You can expect paying a flat fee to the listing company and a commission to the agent providing a buyer, generally between 2.5 and 3%.

Transparency: With a flat fee realtor, you know exactly what you will pay upfront, and there are no surprises or hidden costs.

Flexibility: Flat fee realtors typically offer more flexible services than traditional agents. You can choose which services you want to pay for, such as listing your home on the MLS or handling negotiations.

Cons of working with a typical Flat Fee Realtor:

Limited Services: Flat fee realtors may offer fewer services than traditional real estate agents. You may need to handle some aspects of the sale yourself, such as showings, marketing, photography, open houses, contracts, compliance, negotiation, etc.

Quality of Service: Some flat fee realtors may not have the same level of experience or expertise as traditional agents. Be sure to research the realtor carefully and read reviews before deciding to work with them.

Incentives: Flat fee realtors are paid upfront, which means they usually do not have the same incentives as traditional agents to sell your home quickly or for the best possible price.

Compliance: You are left on your own to handle some sensitive aspects of the sale process where compliance and liability could become issues down the road.

The Flat Fee Florida Realty Difference

This is were we differ from the competition and excel at what we do. We offer a full service from start to finish by handling all aspects of the sale, supervised by our broker with over 25 years experience in real estate. We do not request any upfront payment and only charge a flat fee at closing, only once we sell your property. You have the ability to cancel the listing agreement at any time and without penalties if not fully satisfied. That’s how certain we are you’ll love the service we provide. To get started, call us now at (786) 295-1410 or fill out our property valuation form.

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