With the silver pack what if the buyer comes without an agent? will I still have to pay the .5% at close?
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.
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