Agents compete to earn buyer/seller business. Sellers pay based on services they desire! Buyers get bigger refund based on services they intend to use! Agents save farming time, get ready principals, no referral fee until closing, lower commission bid may not mean lower pay rate! Select a discounted real estate agent by getting agents to bid commission based on a level of service you desire.
Bid lower commission proportional to effort, based on service tiers (Read definition here ), avoiding reduced pay-rate/hour. Agents get to know that they have a serious principal. Buyers/sellers further define what level of "services" they want - savvy principals can indeed choose lesser services and get bigger commission discounts/refunds. Buyer and sellers invite bidding either in Private or Auction mode.
Only qualified agents (ranked internally by Agentsdeal.com) who meet a certain threshold are allowed to bid. Receive a table of bids of commissions, agent experience and service tiers correlated to those bids.
Bid lower commission proportional to effort, based on service tiers (Read definition here ), avoiding reduced pay-rate/hour. Agents get to know that they have a serious principal. Buyers/sellers further define what level of "services" they want - savvy principals can indeed choose lesser services and get bigger commission discounts/refunds. Buyer and sellers invite bidding either in Private or Auction mode.
Only qualified agents (ranked internally by Agentsdeal.com) who meet a certain threshold are allowed to bid. Receive a table of bids of commissions, agent experience and service tiers correlated to those bids.
Services
Select a discounted real estate agent by getting agents to bid commission based on a level of service you desire.
Seller pays for buyer's agent commission but it builds negative equity for buyer unless buyer gets some commission refund at the closing.
Choose a discounted real estate agent to reduce the negative equity in what you purchase.
Read the "service tier" definitions here.
Full service tier is meant for first or second time buyers or buyers who are not decided on exactly what they want.
Seller pays for buyer's agent commission but it builds negative equity for buyer unless buyer gets some commission refund at the closing.
Choose a discounted real estate agent to reduce the negative equity in what you purchase.
Read the "service tier" definitions here.
Full service tier is meant for first or second time buyers or buyers who are not decided on exactly what they want.
Select a discounted real estate agent by getting agents to bid commission based on a level of service you desire.
Seller pays both of seller's and buyer's agent commission.
Agentsdeal determines that the best way to reduce total commission is that the seller gets listing agent to bid for lower "listing" commission only, and offers the going maximum rate for buyer's agent commission thereby not making the property any less attractive for buyer or buyer's agent.
So it is up to the buyer to get the benefit of refund of commission paid to buyer's agent.
Seller pays both of seller's and buyer's agent commission.
Agentsdeal determines that the best way to reduce total commission is that the seller gets listing agent to bid for lower "listing" commission only, and offers the going maximum rate for buyer's agent commission thereby not making the property any less attractive for buyer or buyer's agent.
So it is up to the buyer to get the benefit of refund of commission paid to buyer's agent.
Problem statement: Real estate commissions are high on a single transaction, largely because of "contingency" model.
Imagine a lawyer representing you on a transaction, who would charge for every minute of his/her time spent as it is spent then buyers and sellers would be very careful in asking or getting representation only on the minimum needed and also be more serious in completing the deal.
However represented by agents or brokers, the amount of hours buyers and/or sellers spend with agents on "free" advise is very large significantly prior to agents getting paid.
Imagine a lawyer representing you on a transaction, who would charge for every minute of his/her time spent as it is spent then buyers and sellers would be very careful in asking or getting representation only on the minimum needed and also be more serious in completing the deal.
However represented by agents or brokers, the amount of hours buyers and/or sellers spend with agents on "free" advise is very large significantly prior to agents getting paid.
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