If you are searching for discounted real estate agents for buying or selling your home, you might be wondering about what kind of services you may end up getting! Discounted Real estate agents who give a sizeable discount and yet provide you the quality services to fulfill your needs are not easy to find. To make sure of services given by discounted realtors, Agentsdeal has introduced Service Tier Based commission bidding by real estate agents for buyers & sellers.
Below table details, the functions that discounted real estate agents perform for buyers. If you find this description too complex, deeper discount (bigger refund) service tiers 2 & 3 are not for you and you should choose Full-service tier. However, if you believe you are a savvy buyer willing to participate, please read on, and you may choose deeper discount tiers 2 or 3. Below table suggests the extent of services in each tier, though alternate arrangements can be negotiated by agent & buyer.
Services |
Full Service Tier |
Service Tier 2 |
Service Tier 3 |
Approximate time anticipated to be spent by agent | 100-200 hours | 50-100 hours | 0-50 hours |
# of hours to understand buyer needs (in stages) | 12+ hours | 6-12 hours | <=6 hours |
# of hours on other detailed functions | 12+ hours | 6-12 hours | <=6 hours |
# of showings ( ~ 1-2hours/showing) | 7+ | 3-6 hours | 2 |
# of properties comp analysis (1-3 hours/property) | 7+ | 3-6 hours | 2 |
# of offers written; Each offer 2-6 hours | 5+ | 2-4 hours | <=2 |
# of contract fall-through’s, and getting again into contract | >2 | <=2 | <=1 |
Closing help after contract signing (see breakdown of this service #7 below) | 25+ hours | 13 to 24 hours | <=12 hours |
Service #7 activites detailed breakdown below |
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Contingency removal; contractual issues | > 8 hours | 4-8 hours | < 4 hours |
Conducts final verification of condition | included | included | included |
Present at COE, keys hand over and walkthrough | included | included | included |
Loan person referral; explaining lending issues | included | included | referral only |
Helping order inspections; interpreting inspection reports | included | included | included |
Seller disclosures, HOA, disclosures review, contract explanations | included | included | included |
Review of all loan docs and presence at signing | included | included | not included |
Showings for many reasons (contractors/other) after contract signing | included | 1 more showing | not included |
Post closing contractor referrals/other issues | included | not included | not included |
Post closing maintaining of records | included | included | included |
Post closing help in renting property | extent to be discussed | not included | not included |