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Updated about 7 years ago on . Most recent reply

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19
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Brent Tomczak
  • Munster, IN
9
Votes |
19
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Flat fee broker or traditional agent for a flip?

Brent Tomczak
  • Munster, IN
Posted

Hello,

I'm preparing to list my first flip, and I'm debating how I should go about this. When I was about 98% done w/ the rehab, I put a sign out front just to see if I get lucky, no real serious offers. There is no doubt this house will sell within first month, if it is on the MLS, on all the real estate apps, and priced right. I'm just trying to maximize my profit, but perhaps I'm being greedy. I really do not want to give someone 5-6% for all of my hard work.

I was strongly considering going with a flat fee broker to save $7-8000, and just handle the buyer agents.  I was hoping to get some advice whether this could be a strong way to go, pros and cons. 

How much more marketing can an agent do besides listing on MLS, and the real estate apps? Is it WORTH it, or is a flat fee broker a solid way to go?

Thanks!

Most Popular Reply

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2,434
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1,875
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Michael Plante
  • Deland, FL
1,875
Votes |
2,434
Posts
Michael Plante
  • Deland, FL
Replied

Have sold my last 2 houses flat fee

BUT I offer 4% to selling agent

I firmly believe when an agent knows they are getting 33% more commission money they put mine at the top of their list

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