Fees and Pricing
SELLERS
The customary fee has been six percent. It varies a bit. What varies even more are the services brokers provide for home sellers.
Terradigm Real state Consultancy LLC is different in two ways. First, we offer two compensation choices–fee for service, or straight comission. Fee-for-service is targeted at sellers who are willing to assume some of the market risk in exchange for reduced selling costs.
With fee for service, we will list your home on RMLS for $750 for six months, paid in advance. You will also receive:
- A comparative market analysis to help you price your home
- A yard sign, fifty color flyers (or a permanent flyer)
- Digital photographs of your home, with entry into RMLS, along with room measurements
- Posting on this website for six months, plus syndication to dozens of popular property search websites, such as Zillow, Trulia, Craigslist, Yahoo and others. Entry into RMLS makes your property searchable from any Oregon real estate brokerage.
- Price and other data changes
The above will work for people who can handle disclosures, offer/counter offer negotiations, deadlines, contract language, inspections, earnest money deposits, escrow, financing and other contingencies, and the like. If you need help with these or any other real estate consulting, we bill at $95 per hour, and a lot can get done in an hour.
When you sign up, we will also ask for an additional $500 retainer. If you don’t use any services, you get it back. Lawyers and CPAs shanrge the same way, an dlike them, you will be protected with an engagement letter and a contract where necessary.
Enhanced marketing: Video is also available and has been shown to be quite effective. A video of your home can be syndicated to many other websites (You Tube, Vimeo, Viddler, Realeflix, etc.). We will do social medial (Twitter, Facebook, LinkedIn, etc.) as necessary without smarming up peoples’ pages with unwanted advertising.
We also recommend the purchase of a home warranty from companies like American Home Shield.
IMPORTANT: In addition to the charges above, you, as seller, will have to decide how much you want to compensate the real estate agent who represents the buyer. This amount will have to be entered into RMLS along with your property. How much? Up to you. The going rate is around 2.5%, sometimes a bit more, sometimes a bit less. We’ve even see flat fees. Unlike our fees, this charge is paid at, and is contingent upon, closing.
If you want a full service package to include all or part of the above, we’ll work out a custom price after we meet to discuss your needs, and you can choose what you want. It will be considerably less than a full five or six percent commission, but you’ll be paying it whether the house sells or not.
Finally, if you want us to assume full market risk, we’ll work on a commission basis with clients who can get along with us (and conversely). The commission will probably be 4.5%, which is what we paid to a broker when we were developing small subdivisions. This charge includes all required marketing and listing services above as well as the buyer’s agent fees.
BUYERS
A good many buyers wonder how real estate agents get paid.
If an agent represents a buyer, he or she is most often compensated by splitting the listing agent’s commission. It’s not as though a buyer has to write a check to his or her agent. Over the years, the full commission has usually been around six percent of the selling price of the house, and the buyer’s agent usually receives just under half the total. The listing agent receives the rest.
Check out the Buyers Page on this site for more information.
