HOW MUCH WILL IT REALLY COST TO SELL MY HOUSE?
The listing commission paid to me is a flat-fee of $2,500, regardless of sale price. If the buyer is represented by an agent (which happens about 90% of the time), they are paid an additional commission. The standard commission offered to the buyer's agent is 3%, however, you have the choice to offer 1, 2, or 3%.
The other major closing costs are title insurance and title fees. Title insurance is generally paid for by the seller in Ohio. Rates are regulated by the state and are about 0.4-0.6% of the sale price (lower percentage for more expensive homes). Title fees include the survey, document preparation, and title transfer typically, and run about $500. You will also incur additional deed transfer fees, which vary based on your county and/or municipality.
Lastly, be sure to budget for property taxes, which are paid in arrears. Your 2018 tax bill will come in 2019, so you’ll need to credit the buyers the pro-rated property tax amount for the time period prior to closing.
Listing Agent Commission: $2,500
Buyer Agent Commission: your choice of 1, 2, or 3% of the sale price
Title Fees, Taxes, etc: amount varies based on date, location, and contract terms
Click here for a more detailed explanation of closing costs.
WHEN DO I PAY THE COMMISSION?
All fees are paid at closing and automatically deducted from the sale proceeds by the title company.
WHAT IS YOUR CANCELLATION POLICY?
I guarantee my services 100%, so if you're ever unsatisfied, you can cancel at anytime.
WHY DO YOU CHARGE SO MUCH LESS THAN OTHER AGENTS?
This is a loaded question, which is answered it in detail on the Common Cents blog, but here's the short explanation...
New technology (such as email, an online MLS, and electronic signatures) has made the job of a real estate agent much easier. Because of this, there is a ton of competition between Realtors, which forces them to spend the bulk of their time trying to get new clients, instead of assisting the ones they already have.
I am not a salesperson, so rather than spending 20-30 hours a week seeking out potential business, I decided to cut my prices instead.
WHAT SERVICES ARE INCLUDED?
Great question! Below is a list of my standard listing services. Click here for a detailed explanation of each one.
Price Analysis & Recommendation
List on Columbus MLS
Advertise on Zillow, Trulia, etc.
Professional Home Photography
For Sale Sign
Lock Box for Showings
24/7 Showing Service & Mobile App
Contract Negotiations & Recommendations
WHAT SERVICES AREN'T INCLUDED?
My philosophy is if it doesn't help you sell your home, then I don't do it. Here's a list of the main services I don't provide.
In Home Consultations: All appointments will be done via phone, Skype, or FaceTime.
Virtual Tours: These are cool, but definitely a waste of money.
Open Houses: I do not hold open houses; if someone is truly interested in your home, they will schedule a showing.
Showing Prep: I will not drive to your home before showings to let the cat out, turn on lights, or put away dirty laundry. Believe it or not, some agents actually do this...and they also charge significantly more.
Attend Closing: I make sure everything is ready to go, but the actual closing is handled by the tile company.
I HEARD YOU WORK REMOTELY...IS THIS TRUE?
Guilty as charged...I am what some people refer to as a digital nomad. We are lucky to live in a world that is so connected via the internet, and I intentionally designed my business to allow me to travel. So even though I'm officially based in Columbus, I spend a considerable amount of time travelling both domestically and abroad. However my business remains my number one priority. Anything I can't do remotely, I contract out to local professionals in Columbus (showings, sign placement, photography, etc.).