Why doesn’t everybody use you?
I hear that a lot.
I provide legal services to my clients throughout the entire buying process. I negotiate the entire transaction all the way up to closing. I provide far more services than a Realtor ever could. And I charge a fraction of what they charge. In fact, I refund the entire buy-side commission to my clients. That’s typically 2.7% of the purchase price (see examples below). My clients save an extraordinary amount of money and they get the representation that they deserve and that only an attorney can provide.
My clients never get exposed to dual agency, “one-stop-robbing,” pocket listings, open houses and other routine bad practices that exist in the Realtor profession. It is illegal for me to subject my clients to dual agency, sell them a worthless home warranty, limit my liability through an arbitration agreement, steer them into an over-priced in-house title firm, or deceive them into signing a fee agreement. While I may have a broker’s license, my clients receive full legal representation for a flat fee that is only payable if I collect and refund the commission to my clients.
If you are a “do it yourself” home buyer, you need to be extra careful. Realtors love to bait DIY buyers into open houses and listing appointments knowing that if the buyers spend too much time with the Realtor that the buyers will forfeit their right to get their own agent and worse, forfeit their right to negotiate the fee. Please talk to me before you embark on self-representation so that I can at least provide you with some tips.
Buyer broker fees are fixed by the listing broker and are ONLY payable to other Realtors. It is terribly unfair.
Buyer broker fees are rarely negotiated between the buyer and their broker. There is even a Realtor “code of ethics” standard that allows Realtors to tell buyers that they work for free. Buyer representation contracts entitle the buyer broker to keep whatever amount is offered to them by the listing broker (including concealed bonuses). And if you attempt to make your purchase offer contingent upon the listing broker sharing the buyer brokerage fee with you, you may be interfering with their contract with the seller. It is terribly unfair and that is why I’ve started this service. Here’s a sampling of how my typical fees compare:
- On a $300,000 house, buyers typically receive a $4,225 commission refund ($8,600 – $4,375):
- On a $500,000 house, buyers typically receive a $9,625 commission refund ($14,000 – 4,375):
- On a $750,000 house buyers typically receive a $15,375 commission refund ($20,250 – 5,375):
- On a $2.5 million dollar house buyers typically receive a $61,625 commission refund ($67,500 – 6,375):