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. To make sure of services given by discounted realtors, Agentsdeal has introduced Service Tier Based commission bidding by real estate agents for Sellers & buyers.
Also, read – Discounted Real Estate Services for Buyers
Below table details, some of the main functions that discounted real estate agents perform for sellers. If you find this description too complex, deeper discount service tiers 2 & 3 are not for you and you should choose Full-service tier. However, if you believe you are a savvy seller willing to participate in some services yourselves, 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 & seller.
Services | Full Service | Service Tier 2 | Service Tier 3 |
Approximate time anticipated to be spent by agent | 100-200 hours | 50-100 hours | < 50 hours |
# of hours to understand client needs and profile | >4 hours | 2-4 hours | < 2 hours |
# of hours in analyzing market, providing comps and analysis | >4 hours | 2-4 hours | < 2 hours |
Agent visual inspection disclosure (AVID) of house | included | included | included |
Fixing AVID/inspection issues & upgrading/cleaning | LA supervises | referral only | referral only |
Ordering/presence at inspections (owner pays) | present | ordering only | ordering only |
Preparing all seller disclosure reports | included | included | included |
Ordering HOA Docs if necessary | included | included | included |
opening escrow, reviewing title/related reports | included | included | included |
Staging a house (owner pays) (for houses > $500K) | present at staging | referral only | referral only |
Cleaning and final presentation (owner pays) | present | referral only | referral only |
Professional photographs and virtual tours | LA present, LA pays | LA present, owner pays | referral only |
All marketing (flyers/FB/open house/ yard sign/lockbox/shoe covers) | included | included | Some items not covered |
Arranging broker tours (if list price > ~Median) | included | included | included |
# of days of open houses | 4-8 | 4 | 2 |
Presence & working with appraiser for valuation | included | included | included |
Offer negotiations with agents/multiple offers; getting into contract | included | included | included |
Explaining/enforcing contractual timelines with buyer/selling agent | included | included | included |
Updates with title and buyer’s loan officer where possible to seller | included | included | included |
Advising seller on all contract fall-through matters | included | included | included |
Price reductions; bringing back to market if fallthrough happens | included | included | included |
Fixing issues as needed per buyer in contract | present | referral only | referral only |
Property visits other than open houses or initial presentation | 2+/week | 1/week | 1/week |
Presence at Final verification of condition | included | included | included |
Sign off of final papers at title and turning over keys | included | included | included |
Maintaining records and post closing advise | included | included | included |
# of other hours in discussions with client | >12 hours | 6-12 hours | < 6 hours |