Many property owners would like to know “What is a flat fee listing?”
Answer: In a traditional full service brokerage relationship, a seller pays a commission based on the sales price of the property, to the seller’s brokerage firm, which is then split between a buyer’s broker and a seller’s broker. Though there is no set commission fee amongst competing brokers, commissions usually add several thousands of dollars to the cost of the real estate transaction. Services rendered for this fee vary greatly and are often hard for the property owner to quantify and verify.
With a flat fee listing service you pay, what in almost all cases, amounts to be a fraction of a commission cost up front to a brokerage firm such as Overland Property Services, Inc. For your reduced fee, you receive almost exactly the same marketing services as our full service competitors (and in some cases it is even more inclusive!).
The main difference between a limited service or flat fee listing versus the full service traditional listing is the listing broker’s involvement in the contract process. If you have a traditional full service contract with a broker, part of his/her service is to ideally provide assistance once your property goes under contract through the close of the property. In a flat fee service listing, the seller or landlord maintains control of the contract/leasing process. You may choose to self manage the deal or you may choose to have Overland Property Services, Inc. provide for a sales contract or commercial leasing process. If you do choose to purchase the transaction management option we provide, there still is a substantial savings to the seller or landlord versus paying for a traditional full service brokerage package.
For more information on flat fee real estate listings in Northern Colorado please contact us at info@overlandproperty.net or 970-631-8987.
Tags: flat fee commercial real estate, flat fee listing, flat fee northern colorado, flat fee real estate listing
