The Average Home Seller Client of Landfall Properties, LLC Pockets Another $14,413 on Closing Day
Copyright © 2014- 2019 AUTHOR: Paul R. Marino, REALTOR®, e-Pro®
$14,413 is the average amount Landfall Properties, LLC saves our seller clients. This is an actual, hard, demonstrable figure, when looking across all Landfall Properties, LLC transactions, throughout the entire New England market, from Connecticut to Maine. If you want to know actual numbers saved by specific Landfall clients, refer to our Success Stories or Testimonials. Here you'll find a large sampling of recent Landfall Properties, LLC brokered sales that show you exactly how much money the seller saved. Need proof? Use the Contact Us link, and ask us for contact information for any home seller cited in Success Stories, or for any Testimonial. We'll provide you with the name, cell phone number, and email address of the seller. Anyone can tell you how good they are. We let actual clients do that for us. Speak to them live. Ask them anything. Full, 100% transparency.
Many of our clients save a lot more. Some less. It all depends on the sale price of your home. For example, a seller in my boyhood home of Greenwich, Connecticut (where a starter home sells for $1,000,000) will save a minimum of $30,000. By contrast, a seller in my former residence of Limestone, Maine (US/Canadian border), where a starter home can be picked up for $100,000, will save a minimum of $3,000. Use the calculator in the middle of the home page to determine exactly how much you will save using our Flat Fee MLS listing for FREE service.
Let's take a hard look at the numbers. Real numbers. First off, you should know that the whole reason for using our service is to save money. The more the better. Unlike most brokerages (upwards of 80%+/-), we won't have you sign an Exclusive Right To Sell Listing Agreement, meaning that no matter who finds a buyer (even you), you will pay a traditional full commission, generally between 5% and 7%, but entirely negotiable in all New England states. Think about that for a minute. Even if you find a buyer yourself, you still hand over 5% to 7% of the sale price to the listing brokerage. That's $22,500 on a hypothetical $375,000 home sale. Why would you do this? You wouldn't.
Instead, with Landfall Properties, LLC, you will sign a listing agreement that states you will pay 0% (zero percent) if you find a buyer without any broker involvement. You'll have the best of both worlds. Try to find a buyer using whatever methods you're using now, but know that if you're not successful, you'll have literally hundreds of buyer brokers in your market trying to find a buyer for your home, all of whom are happy to be compensated anywhere from 2% to 3%, on average, but totally up to you.
Using the calculator on the home page, your minimum savings are $11,250, based on a hypothetical $375,000 home sale price, assuming a buyer broker is involved. However, your actual savings are likely going to be greater than $11,250. How? Having tracked thousands of transactions in Connecticut for example, we can tell you that the average buyer broker payout is 2.5%. By doing so, you are saving yourself the 3.5% that would typically have gone to a 6% full service brokerage. In fact, your actual savings will be $13,125 (3.5% of $375,000). BUT, if you find a buyer, you will pay absolutely nothing. Zero, to any broker party. You have just saved yourself $22,500 (6% of $375,000). Real money. If you'd like some additional detail on what you should offer a buyer broker, consult my blog post entitled: "How Much do You Need to Compensate a Buyer Broker to Get Your Home Sold?"
So...what do you have to do to earn this $14,413? Three things: 1) List with Landfall Properties, LLC for free; 2) Plant a FOR SALE sign on your lawn if you want to (we can supply a professional sign if your town allows signs); 3) Show your home to prospective buyers and buyer brokers. The simple task of opening the door, and leading the buyer and/or buyer broker on a tour of your home is accomplished by you, the homeowner. However, in light of the fact you will be saving $14,413 on average on your home sale, we figure it’s a task you don't mind doing. Besides, who knows your home better than you? Answer: No one. No agent or broker knows your home like you do, so why not be the one to point out it's best features.
As many of you are aware, there is a critical shortage of housing inventory throughout many markets in New England. This is bad news for buyers, but good news for sellers, because you "run the table". Many properties are going under agreement in very abbreviated fashion; many in less than 30 days. Want to know the average and median days on market for any city or town in any state in New England? Give us a call, or drop us an email.
