An interesting article just published on MSNBC offers a new twist on services such as DoorFly and other real estate agent commission discounts. They use the term “traditional real estate agents strike back”, but in reality they are simply offering a discount for less service and putting the risk to the client (that’s you!) with an hourly rate for service.
Is that really what people want? DoorFly does not think so… rather, we think home buyers and sellers should receive full service, but still be able to negotiate real estate agent fees! Why not? The cost of other services and goods is negotiable, and yes, you sometimes get what you pay for, but sometimes you don’t need all the bells and whistles.
With that said, this service may be a good match for some individuals and is worth checking out. At least you have a option here. Check out the other rebate realtor services too though and choose the best one to meet your needs.
The article says:
“The difference is we start by giving our clients a choice of full-service models. If they are willing to eliminate our commission risk by paying hourly because they are 99.9% sure they will buy or sell, they can participate in our fee-for-service model where we track our time, and get paid semi-monthly. Depending on how much time they use, they can save $1,000s on their commission. And if they aren’t certain they will close a transaction, we will bear the commission risk and charge the market rate commission for our services.”
The article summaries the RT Brokerage Services further:
In offering consumers a choice for how they pay for their representation, it allows any traditional agent to present the real estate commission for what it is: a risk premium; shifting the discount burden from the agent to the buyer or seller. The commission has remained a fixed percentage of the sales price because it is a risk premium, not the promise of formulaic service. The risk in the traditional practice of real estate is that a client may walk away from representation for any reason, at any time, thereby yielding no return on the agent’s investment of time. The correlated premium, in a successful transaction, is the market rate commission charged by the agent to the buyer or seller for a guaranteed result under no-money down terms. “reConsidered(TM) leaves the commissions savings dilemma squarely in the consumer’s hands, not ours,” remarks Herrera.
We encourage you to review all of your choices when buying and selling real estate, especially in today’s economy. For home buyers, you have the upper hand, so use DoorFly to find a rebate realtor with the qualification you need.
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