How It Works
Why Not Use a Discount Realtor?
Under the traditional real estate model, the listing and the selling Realtor’s split a commission ranging from 6% to 7% of the price of the home or commercial property. Additionally, some of the major real estate companies that I’ve worked for have also charged a transaction fee of $500 on top of the regular commission fees. For example, if you take a $500k home or commercial building and calculate the commission, $500k x 6% = $30,000 plus the transaction fee = $30,500—this would be your total commission.
The True Cost of Real Estate Commissions
Considering that real estate commissions totaled around 50 billion last year, it’s essential to understand how commissions impact your bottom line. So, this is how the real estate commission is figured. Since the commission comes out of the sale, assuming you have no mortgage and your house sold for $500k, you would receive $469,500 instead of the full $500k. If you have a mortgage, this would also be deducted.
The Power of the Multiple Listing Service (MLS)
Realtors have access to crucial tools like the Multiple Listing Service. The M.L.S. is the top producer in getting your home or commercial property sold. Newspaper ads, open houses, and flyers do not compare to the M.L.S. According to the National Association of Realtors, 87% of all real estate is sold through the M.L.S.
What You Need to Know
Real estate commissions are negotiable. Yet, major real estate companies tend to stick to the standard 6% fee. When you inquire about discounts, they dismiss it, claiming, “You get what you pay for.” We offer full-service realty with no upfront charges and no hidden fees + numerous 5-star ratings and seller reviews.
Now, Why Use Discount Realty?
They have the same required state brokerage license and are bound by the same code of ethics.
There are several types of Discount Realty's—I will tell you about them. Some will charge a set fee to sell your home, which is based on a per-transaction basis; for example, Assist-2 Sell and Help-U-Sell.
Our 1% Listing
Our 1% full-service listing (which seems to be the growing trend) is a favorite of the For Sale By Owner customers. All our listings include up to 50 photos on the MLS, and your listing is syndicated to all the major websites as well as numerous other websites to get your property sold. We also provide signage, flyers, lockboxes, and negotiation to get your highest and best, helping you through closing.
Our Buyer Rebate
At D&M Discount Realty, if you use us to purchase your new home, we are offering you 10% from our total commission to help with closing costs or whatever expenses you have in buying your new home. Rules of buyer rebate are (1) must be approved by lenders, underwriters, and all parties concerned, and (2) must be acknowledged on the settlement sheet as a rebate.
Now Let’s Check the D&M Discount Realty Cost Difference
Home priced at $350,000
Traditional Realtor fee 3% = $10,500 commission to listing agent
D&M discount fee 1% = $3,500 commission to listing agent
Saving seller $7,000 in commission fees.
It’s your money; choose wisely—choose D&M Discount Realty! Call (435) 590-9405 or dcheek@infowest.com or dmdiscountrealty@gmail.com or www.dmdiscountrealty.com.