One percent real estate listing agents are the new way to sell your home. Full service broker support for only 33% of the fees most Utah Realtors charge to sell your home. Don't overpay to sell your house.
A 1 percent listing can dramatically reduce the cost of selling your Utah home, but how does it measure up to traditional realtor services? In this thorough comparison, we unpack the essentials of 1 percent listings and the true impact on your seller's bottom line. Expect full service, less expense, and no compromise—a smart seller’s guide to making informed decisions.
List your home (any real estate) for sale with a top-producing broker for only a 1% commission. That's 67% lower fees than the typical agents charge in Utah.
The average home price in Salt Lake County is $550,000. My discount real estate broker listing commissions will save the average homeowner $11,000 in unnecessary commissions.
Want to save thousands when selling real estate? Contact Aaron anytime.
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Key Takeaways
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One percent listings offer full-service real estate support, including professional photography, broker open houses, listed on the multiple listing service (MLS), listed on Realtor, Zillow, Trulia, DiscountAgent.com, and contract negotiations, even though the commission rate at 1 percent is significantly lower than the traditional 2.5 to 3 percent, potentially saving sellers thousands of dollars on commission fees.
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Discount real estate brokers maintain service quality while charging less by leveraging technology and efficient marketing strategies, allowing them to reduce overhead costs and pass the savings on to clients.
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Success in the 1 percent commission listing market depends on various factors, including the skill and dedication of the real estate agent, strategic home staging and preparation, and timing the sale to coincide with favorable market conditions for maximum exposure and quicker, profitable sales.
List your house with our discount agents for ONLY 1.5% commissions. Half the fees other agents commonly charge. Buy a home , and we'll rebate you 50% of our commission at closing.Discount Agents Save You Money
Understanding 1 Percent Listings In Utah
A one percent Realtor listing service revolutionizes the real estate brokerage industry. Essentially, it’s a better business model where the real estate agent lists and sells a home for just 1 percent of the final sale price. Comparatively, traditional services commonly charge 2.5% to 3% commission for the listing agent’s services.
You might question whether the lower commission means a compromise on service quality. However, Aaron's 1 percent listings provide full-service broker support, including professional photography, MLS listing, and contract negotiation. The lower commission rate doesn’t mean a lower quality of service; it’s about delivering value and efficiency. Sellers stand to experience significant savings, marking a transformative shift from traditional commission rates.
The Basics of 1 Percent Commissions In Utah
The one percent brokerage listing model revolves around providing full-service real estate services at significantly lower rates. This includes a comprehensive suite of responsibilities undertaken by the listing broker. From offering guidance throughout the selling process to maintaining availability and providing knowledgeable answers to the seller’s questions. DiscountAgent.com's founder Aaron Peters service level is top-notch.
When choosing a discount realtor, sellers must weigh various factors, including pricing, service models, and the realtor’s reputation and experience. The listing agent’s commitment to a smooth sale involves quick responses to the seller and effectively managing home tours, property inspections, appraisals, title docs, settlement and closing, often in collaboration with a buyers agent.
The 1 percent commission model focuses not on cutting corners but on enhancing efficiency and maximizing seller value.
Comparing Costs: 1 Percent vs. Traditional Commissions
Conventional Utah real estate commissions, typically 5-6%, are shared between the seller’s and buyer’s agents. However, in a 1% listing agreement, the agent lists and sells the home for just 1% of the final sale price compared to 2.5%-3% traditional brokers charge. The cost difference can be quite substantial, leading to significant home equity. The seller can save thousands.
For instance, let’s consider a $600,000 home sale. Reducing the listing fee from 3 percent to 1 percent would save the seller $12,000 in listing broker commissions.
$600,000 x typical commission of 3% = $18,000
Vs
$600,000 x 1% listing broker = $6,000
$18,000 - $6,000 = $12,000 additional equity in the seller's pocket.
Our discount real estate broker listings allow sellers to price their home more aggressively allowing the seller to accept a lower sales price, while still saving money.
Lets take a closer look in this example.
Lets assume a seller in Millcreek, Utah list their house for $600,000 with a discount real estate agent for 1% commission. Unfortunately, similar properties are listed in the neighborhood with traditional listing agents for 3%.
Our discount listing fee puts the seller in an advantageous position allowing them to accept a lower sales price while netting more money because they're saving thousands with our low listing fees.
In this scenario, the homeowners accept an offer for $10,000 below the asking price since there is so much competition in the neighborhood. Let's break down this entire transaction.
Original list price of $600,00 but the seller accepts $590,000. The seller will pay $5,900 in listing broker commissions versus their neighbor whos final sales price is $600,000 and pays a 3% listing side commission of $18,000. In this scenario, the seller who sold for $580,000 still made $12,100 more than the seller who sold for $600,000.
$600,000 x 3% = $18,000 - $590,000 x 1% = $5,900
$18,000 - $5,900 = $12,100
Unfortunately for the $600k home seller their home would not appriase for $600,000 since their neighbor sold a similar home for $590,000. There is no scenairo in this example the full service brokerage covers the cost of their additional listing fees.
Consider that even with the buyer’s agent commission (BAC) included, the total real estate commission can reduce to 3.5 to 4 percent with a 1% listing, compared to the usual total of 5-6% percent. The potential for savings is undeniable and could transform the financial outcome of your home sale.
The Full Service Promise
Initially, you might be skeptical - full-service real estate support at a much-reduced cost? Yet, one percent listing agents live up to this promise, providing the same real estate services (better) as a complete service package for sellers. This includes:
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Broker support advice
- Open Houses
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Pricing Your Home Correctly
- Yard Sign
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Online Marketing
- Supra MLS Lockbox
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Contract & Repair Negotiations
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Managing the sales process
- Review Closing Document
The goal is to ensure a seamless and successful sale, managing the entire transaction, all the while maximizing the seller’s return.
Properties listed with 1 percent services receive wide exposure through the Utah MLS. Modern marketing strategies like professional photography, virtual tours, and engaging video content further enhance the property's appeal. Additionally, virtual home staging is part of the full-service promise, creating an appealing atmosphere that helps buyers envision the home as their own, potentially leading to quicker sales and higher offers. Measures like a high-security MLS lockbox leverage technology for cost-effective marketing. Not the antiquated real estate processes and extinct marketing techniques utilized by old-school realtors.
It’s about delivering the same high-quality service you expect from a traditional agent but at a fraction of the cost.
The Value Proposition of Utah Discount Real Estate Brokers
How, then, do discount real estate brokers charge less while upholding the same quality of service as conventional agents? The answer lies in their innovative business models. A discount real estate broker is part of networks that offer lower commission rates while ensuring their services are on par with traditional agents. These brokers utilize technology and modern marketing to operate more efficiently, passing savings onto clients.
Agents might adopt 1 percent commission rates in competitive markets to draw more clients, including returning ones. This competitive pricing strategy benefits the sellers and helps the agents build a larger and more satisfied client base. It’s a win-win situation, made possible by modernizing antiquated real estate processes and leveraging technology.
How Technology Reduces Overhead
Technology is fundamental in empowering discount real estate brokers to provide comprehensive real estate services for merely a 1% commission. Automating routine tasks can reduce manual data entry and repetitive paperwork, leading to fewer errors and cost savings. Cloud computing provides scalable storage solutions, while virtual meeting tools decrease the need for travel and physical office spaces, further reducing overhead costs.
Certain 1 percent commission realtors operate within a team-based framework, managing various stages of the transaction, enabling them to cater to a larger client base while minimizing operational costs. It’s all about leveraging technology for efficiency and cost reduction in the realtor space, leading to huge savings for sellers without compromising on the level of service.
Marketing in the Modern Era
Digital platforms have radically transformed the marketing landscape, and one percent Utah listing agents are thriving. Homes listed with full-service discount listing agent Aaron Peters are marketed on thousands of home search portals, including major platforms like Zillow, Realtor, Redfin, and Trulia. Savvy agents leverage social media platforms like Facebook and Instagram to promote listings and engage potential buyers. Furthermore, professional photo shoots are included in discount MLS listings to ensure properties are visually appealing to prospects. Comprehensive marketing strategies, including social media and agent databases, ensure properties receive wide exposure despite the lower fees.
Maximizing modern marketing strategies ensures that your property is presented to a wide audience, increasing the potential for a quicker sale at a higher price.
The Role of the Agent in a 1% Listing
The duty of an agent in a one percent listing extends beyond merely listing and selling your home. These agents offer full-service support, including professional photography, an MLS listing, and contract negotiation. Clients have described the service from DiscountAgent.com's broker as professional, knowledgeable, and comprehensive, often exceeding their expectations.
One percent real estate agents assist clients extensively, offering services like virtual property showings, negotiating the best homes sale price, and providing thorough, immediate responses. Building a professional relationship with a one percent real estate agent can lead to trust, repeated business, and personal recommendations. These agents offer a level of service that not only meets but often exceeds that of traditional agents, all while charging a fraction of the commission.
Selecting a Skilled Discount Agent
Not all discount agents are the same. Selecting an experienced discount broker in Utah involves:
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Scrutinizing an agent’s track record
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Checking customer reviews
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Reviewing the agent’s transaction data
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Assessing an agent’s ability to answer questions about property values in various zip codes accurately
These steps demonstrate the agent’s expertise and understanding of the local market.
A careful examination of their pricing model and the level of service they commit to offer is also crucial in making an informed choice. It’s imperative to interview multiple local agents to determine who best aligns with your specific needs and who can offer the most valuable service for the price.
Client endorsements of the skilled 1 percent agents reflect satisfaction with the guidance and decisions made during the selling process, which can lead to long-term financial benefits such as well-deserved equity.
Agent Commitment to Your Sale
One percent commission agents strive to obtain the maximum sales price for sellers while sustaining a competitive commission structure to entice buyers’ agents. To ensure extensive market exposure and interest in the property, agents offering one percent fees should also offer the buyer’s agent an attractive commission.
Professionalism and honesty are key to the agent’s commitment to your sale. For instance, discount realtor Aaron Peters was praised for his professional, honest approach and low-pressure sales. This exemplifies the agent’s commitment to client service and ensures your interests are always at the forefront.
Success Stories: Clients Who Saved Thousands
As the saying goes, the proof of the pudding is in the eating. Past clients have consistently shared positive experiences with my discount MLS listing services, underlining substantial satisfaction with the process and outcomes.
Several clients have reported rapid sales, with homes being sold in under 24 hours, within a few days, or in less than two months, thanks to the efficient approach of our discount listing services. The successful sale of properties through one percent listing services has translated into thousands in savings for clients, positively impacting their equity. The satisfaction of these clients is a testament to the effectiveness and efficiency of non-traditional discount real estate agents.
Fast Sales at Top Dollar
Our one percent real estate services have yielded countless success stories of homes selling quicker than anticipated at a higher sales price. For instance, Aaron from DiscountAgent.com sold over four hundred homes valued at nearly a quarter of a billion dollars.
Long-Term Benefits for Sellers
The advantages of 1 percent MLS listing services go beyond the selling process. Sellers can leverage the reduced commission cost to either reinvest the savings or increase their home equity by keeping the savings. The numerous options can be tailored to suit the seller’s financial needs and goals.
Client testimonials highlight high satisfaction with the long-term financial benefits provided by the savings from using DiscountAgent.com. Our discount agents have saved clients nearly $2 million, showcasing significant long-term financial benefits for sellers who opt for their lower commission services. The savings achieved through 1% broker listing services can significantly impact your financial future.
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Navigating the One Percent Agent Listing Market
A strategic approach is required to navigate the discount agent market. Keeping abreast of local real estate market trends can inform you when to engage a discounted brokerage listing service. A competitive pricing strategy is crucial to attracting potential buyers and offers.
Staging a home effectively can make a significant difference in how quickly a property sells. Here are some key strategies to consider:
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Utilize professional photography and virtual tours to maximize the property’s appeal.
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Create a compelling property description to attract potential buyers.
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Employ targeted online advertising to reach a wider audience. With the right approach, you can ensure your property stands out in today's competitive Utah real estate market.
Timing Your Sale Right
In real estate, timing is of paramount importance. The best seasons to sell a house are late spring and early summer. Selling during these seasons is ideal due to favorable weather, longer days, and families’ preference to move before a new school year begins.
The peak months to list a home for sale are:
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May
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June
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April
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March
Thursday is the best day to list a home to align with house hunters and real estate agents planning weekend showings. By timing your sale right, you can maximize your property’s exposure and increase the chances of a fast and profitable sale.
Preparing Your Home for Listing
To attract potential buyers, preparing your home for listing with a 1 percent service is essential. Proper staging techniques can transform the perception of a home. Here are some tips:
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Optimal lighting: Make sure each room is well-lit to create a welcoming atmosphere.
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Strategic furniture placement: Arrange furniture to maximize space and flow.
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Neutral decor: Use neutral colors and minimal decorations to appeal to a wider range of buyers.
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Define each room’s purpose: Showcase the function of each room to help buyers envision themselves living there.
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Stage influential rooms: Pay extra attention to staging the living room, master bedroom, and kitchen, as these are often the most important rooms for buyers.
These staging techniques, unlike some older marketing strategies and extinct marketing techniques, can significantly sway buyers’ decisions.
Investing in key repairs and updates such as improving curb appeal can greatly enhance the first impression of a property, potentially leading to a sale within one percent of the listing price. Some tips for preparing your home for sale include:
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Improving curb appeal
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Thoroughly cleaning throughout the house, including less visible areas
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Removing clutter to present the home as well-maintained and spacious
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Allowing buyers to envision the home as their own
With the right preparation, your home can command a top dollar price in the 1 percent listing market, making dollars selling your property a reality.
Summary
The world of real estate is evolving, and discount listing agent services are leading the charge. These services offer full-service support for 67% less than traditional commissions, shaking up the industry and offering substantial savings for homeowners. From understanding the basics of one percent commission to working with a discount broker, we’ve explored the many facets of selling a home in Utah.
Choosing discounted listing agents doesn’t mean compromising service quality or settling for a lower sale price. As we’ve seen through numerous success stories, sellers can enjoy quick sales at top-dollar prices, often exceeding their expectations. The long-term financial benefits are clear, with savings that can be reinvested or used to increase home equity. It’s a new era in real estate where sellers can enjoy the full-service support they deserve without the hefty price tag.
Frequently Asked Questions
What is a 1 percent MLS listing service?
A Utah discount brokerage listing model where a real estate agent lists and sells a home for only one percent of the final sale price, providing full-service support at a lower commission rate than traditional agents.
What services do 1 percent listing agents offer?
1% listing agents offer full-service support, including professional photography, MLS listing, contract negotiation, and guidance throughout the selling process. You can expect comprehensive assistance for a lower commission rate.
How do 1 percent listing services compare cost-wise to traditional commissions?
One percent listing services offer substantial savings for sellers compared to traditional commissions due to their significantly lower commission rate.
What are some long-term benefits for sellers who choose 1 percent listing services?
Choosing 1 percent listing services can lead to long-term financial benefits for sellers, including increased home equity and the opportunity to reinvest the savings from reduced commission costs.
How can I prepare my home for listing with a discount agent?
To prepare your home for listing with a 1 percent service, focus on staging, necessary repairs and updates, thorough cleaning, and high-quality photography and virtual tours to enhance the property's appeal. This will attract potential buyers and make your home stand out.
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