For Sale by Owner News and Articles
The flat fee vs commission debate continues.
By Guy Social
The ever-lasting debate over commission structures and the need for agents has again surfaced in a few ways over the last few weeks. One author questions the need for a traditional agent while another publicizes an actual in-person debate regarding this subject.
In a subject that is continually visited, author Peter Miller’s article “Do We Still Need Real Estate Brokers?” surmises that because real estate agreements and the details of the sale are more complicated - it is more necessary to hire an agent now than in the past. The author makes some valid points regarding the expertise an agent may have regarding local laws, finer points in the selling agreement and price negotiation. However, if you believe the main value an agent brings to the table is “knowledge of local laws and contract review”, you would be better off hiring a local real estate attorney for a few hundred dollars to review the paperwork. Most real estate transactions are straightforward and can be handled with standard real estate legal forms and contracts which are specific to your state.
On April 25th, 2013 - outspoken critic of the traditional commission based model, Daniel Desmond, will debate with Scott Einbinder who is a consultant and agent coach. It seems as though the debate started in a heated social media exchange over the past months and is now taking the “stage” in a hotel in New Jersey. Desmond’s main point is that the level of service does not change regardless of the price of the house so why should the commission? Einbinder contends that the agent (trying to earn a better commission) will drive the final sale price higher which is a benefit to the seller.
At Owners.com, we believe that our flat fee mls package covers all the marketing and exposure you will need to sell your home by owner. The only things to do that remain are hosting open houses and handling the closing process. In our article resources library - we give you open house tips and pointers as well as information about what happens at closing to help you prepare for selling your home. Visit our full article library to see all the most important information you need to sell your home fsbo.
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