With the silver pack what if the buyer comes without an agent? will I still have to pay the .5% at close?
Some minimum service states, such as North Dakota, South Dakota, Nebraska, Iowa, Wyoming, and West Virginia, have different pricing and closing fees. Please refer to our pricing page for more details.
The 0.5% fee associated with Houzeo's Silver Plan is a commission paid directly to the listing agent. It's crucial to understand that this fee does not benefit the buyer's agent in any way.
Houzeo's Silver Plan, combined with a buyer without representation, can result in significant savings for the seller. The only commission paid is the 0.5% to the listing agent, eliminating the buyer's agent commission.
While these potential savings are enticing, it's essential to consider the increased responsibilities associated with selling a home without professional representation. Sellers will need to handle negotiations, understand complex legal documents, and manage the entire selling process independently. Consulting with a real estate attorney is highly recommended to mitigate potential risks. Ultimately, the decision to use Houzeo's Silver Plan should be made after carefully weighing the financial benefits against the increased workload and potential legal complexities.
Please note that any references to commission rates in this article are subject to change in light of the National Association of Realtors (NAR) settlement. Commission rates are negotiable and can vary based on market conditions and specific agreements between parties. Houzeo is never involved in the transaction, sellers are advised to review all documents carefully.
Related Articles
Do we pay the closing only on selling? If we decide to cancel before the term of the listing do we owe anything to the agent?
The Closing commission is to be paid to the Listing Agent only when the property sells. If you decide to cancel your listing before the end of the agreed term, you don't owe anything to the agent. Even if the property fails to sell during the term of ...Who gets the 1% of the selling price on the GOLD plan? Will the listing agent be available for showings.
Who Gets the 1% Closing Cost? In the Gold Plan, the listing agent receives the closing cost, which is calculated as 1% of the final selling price of your property. This fee compensates the listing agent for the additional services they provide ...What Does the 1% Listing Agent Fee Cover at Houzeo?
At Houzeo, we operate as a limited-service MLS platform, designed to offer cost-effective and efficient solutions for home sellers. When you list with Houzeo, you pay a minimal upfront flat fee to get your property listed on the MLS through one of ...Why do I need to pay 1.25% to the listing agent? (Platinum Plan)
At Houzeo, we operate as a limited-service MLS platform, designed to offer cost-effective and efficient solutions for home sellers. When you list with Houzeo, you pay a minimal upfront flat fee to get your property listed on the MLS through one of ...What is the typical commission offered to Buyer Agents?
Under the new NAR Settlement rules, the commission or compensation offered to buyer agents cannot be included in MLS listings. Instead, any such offers must be communicated directly outside the MLS through methods such as phone, text, email, or ...