The real estate world’s changing. We’re making that a good thing.

Old norms for agent commissions are going by the wayside, and it’s causing quite a stir in the real estate market. One big outcome: buyers may have to pay their agent out of their own pocket, or ask the seller to pay it for them as part of the deal (which can weaken an offer). We’re making this easier on everyone by charging a low 2% commission while upholding our standard of top-notch service. And at the end of the day, we really just like pairing great people with great houses.

Our reduced rates don’t translate to reduced service.

  • And our reduced rates don’t translate to reduced service. We still take care of the same details we always have:

    • Full valuation analysis, including comparable sales (“comps”)

    • Strategic consultation regarding all offer terms

    • Professional preparation and submission of offers

    • Coordination with lender, including pre-approval letters and appraisal orders

    • Preparing and reviewing all other paperwork, such as contract addenda

    • Reviewing all seller disclosures

    • Arranging and attending inspections, including meth testing, radon testing, and sewer scopes

    • Handling all negotiations with sellers’ agents

    • Appraisal review

    • Reviewing settlement statements

    • Coordinating settlement and closing

    • General psychological support in the form of listening, communication, and, as needed, wine

What this means in real-life buyer scenarios:

  • If a buyer’s agent charges 3% (typical)

    • $500,000 purchase price

    • $50,000 downpayment

    • $3,000 closing costs

    • Seller covers buyer’s agent commission; no credit to buyer from buyer’s agent

    • Buyer pays $53,000 at closing

    vs.

    Paul and Monica charge 2%

    • $500,000 purchase price

    • $50,000 downpayment

    • $3,000 closing costs

    • Paul and Monica give 1% credit to buyer

    • Buyer pays $48,000 at closing

    That's a difference of $5,000 in your pocket.

  • Buyer’s agent charges 3% (typical)

    • $500,000 purchase price

    • $50,000 downpayment

    • $3,000 closing costs

    • Buyer is contractually obligated to pay their agent $5,000 at closing

    • Buyer pays $58,000 at closing

    vs.

    Paul and Monica charge 2%

    • $500,000 purchase price

    • $50,000 downpayment

    • $3,000 closing costs

    • Paul and Monica’s commission is fully covered by seller

    • Buyer pays $53,000 at closing

    That's a difference of $5,000 in your pocket.

  • Buyer’s agent charges 3% (typical)

    • $500,000 purchase price

    • $50,000 downpayment

    • $3,000 closing costs

    • Buyer is contractually obligated to pay their agent $15,000 at closing

    • Buyer pays $68,000 at closing

    vs.

    Paul and Monica charge 2%

    • $500,000 purchase price

    • $50,000 downpayment

    • $3,000 closing costs

    • Buyer pays Paul and Monica $10,000 at closing

    • Buyer pays $63,000 at closing

    That's a difference of $5,000 in your pocket.

Let’s Get Things Moving.

PAUL SVENDSEN
801.441.8563
paulsvendsen@wincre.com

             

MONICA DENNIS
801.623.9422
monica.dennis@wincre.com